The House of Representatives demanded that the Federal Government roll back the recent price hike of petrol and cooking gas.
This call happened after Rep. Kingsley Chinda (PDP-Rivers) made a motion in Abuja.
Chinda, when making the motion, emphasized the importance of helping low-income households with price relief, tax cuts, or subsidies on cooking gas, also known as LPG.
He pointed out that Nigeria, being an oil-producing nation, has traditionally relied on petroleum products and cooking gas (LPG) as vital sources of energy for homes and industries.
The lawmaker mentioned that petrol and cooking gas prices have shot up recently, making life harder for ordinary Nigerians.
He said that getting rid of fuel subsidies, along with the ups and downs of oil prices and the drop in the value of the naira, really made petrol and cooking gas more expensive for families.
“Nigerians are worried that the escalating fuel and gas prices are impacting on the transportation, food, essential goods and healthcare as well as increasing inflation.
“Further push on the prices of these two items had exposed many families to deeper financial hardship.
“Businesses, particularly small and medium enterprises (SMEs), are struggling to manage their operational costs due to increased fuel prices, threatening economic stability and job security.
“The Federal Government has the refining capacity to address some of these issues but has yet to deliver significant results in this regard.
“The rising cost of petrol and cooking gas poses a significant threat to the livelihood of millions of Nigerians and unchecked inflationary pressure caused by the increased prices can lead to social unrest, increased poverty rates, and negative long-term economic effects,” he said.