Politics
House of Representatives Rejects Motion To Halt Fuel Price Increase, Commences Investigation
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On Wednesday, July 19, the House of Representatives declined a motion aimed at halting the increase in the price of Premium Motor Spirit (PMS), commonly known as Fuel, and reverting to the old price of N537 per liter.
Instead, the House reached a consensus to conduct an investigation into the sudden fuel price hike and its impact on transportation fares nationwide…CONTINUE READING
The House justified its decision, stating that it had already committed to investigating the price increase and accepting the motion to halt the fuel price hike would preempt the work of the investigative committee.
The motion of ‘urgent public importance,’ brought forth by Hon. Ikenga Ugochinyere, prompted the House to summon the Group Managing Director of the Nigeria National Petroleum Company Limited, Mele Kyari, and oil marketers to appear before an ad hoc committee.
Their appearance is required to explain the reasons behind the fuel price surge and address concerns surrounding its effects on the public.
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