Business

Lawmaker Urges Reduction In Kerosene Price

Published

on

Senator representing
Suthern Senatorial District of Cross River State, Prince Bassey  Otu  has called  on  President Goodluck Jonathan to summon up courage and reduce  the price of kerosene from the present N130 to N50 per litre.
The lawmaker also called on President Jonathan to ensure the rehabilitation of all the four refineries  in the country for the purpose of refining crude as well as encourage private  investors to establish refineries in the country.
Otu made the call in Calabar while reacting to the recent reduction of the pump price of the Premium Motor Spirit (PMS), otherwise known as petrol from N97 to N87 per litre.
He commended President for the slash in the pump  price, and advised  that reducing the price of kerosene will greatly improve the living standards of most Nigerians who depend on it  for light, energy and cooking.
“The Presidency should also haste the process of reducing the cost of kerosene from the present N130.00 to N50.00 per litre such that the gesture could improve  the living standard of majority of the citizenry who depend  upon it as a source of light and energy  and for cooking,” he said.
According  to him, reduction in the price of kerosene  will protect the Eco-system from further destruction as well as conserve  nature from the  prevailing climate change.
“The reduction in the price of kerosene especially  will also  protect the Eco-system from further depletion of our forest as fireword and also conserve nature from the prevailing climate change with  resultant hazard  to health,” he submitted.
On the  recent  reduction in the pump price PMS,  Otu appealed  to the President to make  strident efforts to cause the petroleum Products Pricing and Regulatory Agency (PPPRA) to enforce the adjusted price of fuel in all filling stations nationwide.
The Lawmakrer argued  that the country has the capacity to make all the refineries in the country functional  and advised  that the Federal  Government should identify impediments to refining the products locally and deal with them.

 

Friday Nwagbara, Calabar

Trending

Exit mobile version