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Thursday 21 March 2013

Petrol: Don't attempt price hike again, labour, others warn Jonathan

The organised Labour, civil rights groups and opposition parties on Wednesday warned President Goodluck Jonathan against another petrol price hike.The groups, which reacted to Jonathan's statement on Tuesday that petrol price would go up, said that the President should not court trouble. The Federal Government had in January 2012 increased the petrol price from N65 per liter to N141 per litre.But following protests in parts of the country, the fuel price was reduced to N97 per litre. On Tuesday, during Nigeria Summit in Lagossa, Jonathan said the Federal Government would still remove fuel subsidy.He said, "We cannot continue to waste resources meant for greater number of Nigerians to subsidise the affluent middle class, who are the main beneficiaries (of fuel subsidy).

I am sorry to burst their bubble but we cannot take the labour leaders seriously. It may just be another scheme to fatten their pockets.

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