Nigerians have reacted sharply to the Federal Government’s announcement of a new price regime for premium motor spirit commonly known as petrol.
Minister of State for Petroleum, Dr. Ibe Kachikwu, who announced the new price of N145 per litre of petrol said, “We share the pains of Nigerians but, as we have constantly said, the inherited difficulties of the past and the challenges of the current times imply that we must take difficult decisions on these sorts of critical national issues.
“Along with this decision, the federal government has in the 2016 budget made an unprecedented social protection provision to cushion the current challenges.
“The Petroleum Products Pricing Regulatory Agency (PPPRA) will be announcing a new price band effective today, 11th May, 2016 and that the new price for PMS will not be above N145 per litre.”
Responding to the announcement on twitter, The Republican @9grrepublican said, “The Socialists have lost. The Capitalist have won.”
Another tweet from Abdulrahman @Lemeveteran read, “145 x 60 = 8700. For full tank. We move! Good bye fuel subsidy! Good bye fuel scarcity! ?✌✌”
A Big Nwa @Oddy4real said: “If removal of fuel subsidy is going to ensure I drive in to any filling station to buy fuel without queues, so be it.”
Uzoeruo Emeka @uzo_emeka tweeted, “After are the stage managed protest and hara-kiri in 2012, FG moves to remove fuel subsidy. D honourable 2 do is to apologise 4 take us abck”
Tweeting in the same vein, HIGHZIK @Imhanriad said, “Curse be upon those who occupied Nigeria in 2012 when GEJ removed fuel subsidy and do nothing this time. #fuelsubsidy”
O. V. O @ViCktorr_ warned, “If we don’t see improvement in the power sector by the end of next year with the removal of fuel subsidy. People will riot.”