The Minority Caucus of the House of Representatives has voiced strong opposition to the recent fuel pricing arrangement between NNPC Ltd and Dangote Refineries, calling it exploitative and a burden on already struggling Nigerians.
In a statement signed by the caucus leader, Rep. Kingsley Chinda, the lawmakers expressed outrage over the reported fuel prices of N950 per litre in some parts of the country, with other regions seeing prices as high as N1000 per litre.
“We find this pricing regime to be not only burdensome but utterly unacceptable, particularly in light of the fact that this fuel is refined locally,” the statement read. Chinda emphasized that locally refined fuel should be priced significantly lower than imported fuel, as it avoids costs such as landing charges and import duties.
The caucus criticized the pricing model, stating that it appeared to unfairly exploit Nigerians, especially at a time when many are facing severe economic challenges. They urged both NNPC Ltd and Dangote Refineries to remember their duty to serve the Nigerian public, not to profiteer at their expense.
The statement warned that allowing the current pricing arrangement to continue would only deepen the economic hardships of millions and erode trust in local refineries’ ability to deliver affordable fuel. The caucus called on regulatory bodies and the government to urgently review the pricing framework to ensure Nigerians are not subjected to unsustainable fuel prices.
The caucus affirmed its commitment to protecting the welfare of the Nigerian people and pledged to engage relevant stakeholders to ensure fair and just fuel pricing.
