Mixed reactions trail new pump price of petrol

Nigerians have expressed their displeasure over the new fuel pump price of N145 for petrol announced by the federal government on Wednesday, May 11, 2016.

In a statement issued by the Minister of State for Petroleum, Mr. Ibe Kachikwu, he said, any Nigerian is free to import the product and sell at a price not above N145 per litre.

ENCOMIUM Weekly had a chat with some Nigerians on the newly announced fuel price, some hailed the government decision, as they believe it is a way of addressing the ongoing fuel crisis in the country, while others believe it was insensitive.



The new pump price of petrol is outrageous. It is too much for Nigerians to buy a litre of petrol. President Buhari and his Vice promised to help us reduce the price of petrol to N50 when they were campaigning, now we  can see the result. Even if the Federal Government will hike fuel price, it shouldn’t be N145. N120 to N100 should have been a good idea.



I have read the reasons why removal of fuel subsidy should go on by the Federal Government but I was not thinking it should be N145. The amount is too much for Nigerians. I remember in 2012, when the past administration removed fuel subsidy, it was very hard for people to cope. I think this present administration is trying to create another round of hardship for Nigerians.



The removal of fuel subsidy is a big blow to Nigerians. The Federal Government has fueled the bad economy we are facing. With the removal of fuel subsidy, the product rose from N86 to N145. I think that’s just too much. It has affected every aspect of our everyday life. The price of goods and transport are now unbearable. The government should help us reduce the price. I personally can no longer stand this pain.



I think the removal of fuel subsidy is necessary this time. The economic situation is dwindling. The need to regulate the sector necessitated the removal of subsidy. I think it will create better days for Nigerians.



Before the removal of fuel subsidy, things were hard. With the official increase in fuel price, it is harder to cope with the situation. Now, nothing is affordable, even transportation has steadily increased.

The Federal Government should hear our cry and kindly help us reduce the price. N145 is just too much for a litre of petrol in a country like Nigeria.



The government understands the situation and I think they are trying to create a good platform in the sector by removing subsidy. Nigerians need to be patient with the present administration because I believe the removal of subsidy is for the benefit of everyone.




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