Oodua Group Flays Price Hike, Calls For Reversal |The Source

By Ayodele Oni, Akure

The Federal government has been urged to reverse the new pump price of Premium Motor Spirits, (PMS) otherwise known as petrol announced on Wednesday.

The Oodua Youth Coalition, (OYC), in a statement, described the hike in petroleum pump price and electricity tariff as insensitive and callous.

The statement, made available in Akure,  signed by national President, Tayo Akintade, condemned the decision, describing it as another attempt to add to the burden of the already impoverished and marginalized Nigerians.

“While the Nation is still battling with the neck breaking and pocket unfriendly increase in the price of basic commodities and the effect of the novel pandemic, corona virus on people’s income, increasing the price of PMS and Electricity tariff is a further proof that the leadership is either unaware or uninterested in happenings in the country.

“Considering the importance of PMS and electricity to the running of the economy, the increase will further cause a hike in the cost of production for industries and subsequent effect in prices of commodities in the market.

“We call on the Federal Government to immediately reverse the price for the survival of the country or face total lockdown in the west.”