ADC asks FG to introduce temporary cap on petrol price as Middle East war persists

Fuel pump

The African Democratic Congress (ADC) has asked the federal government to introduce a “temporary and time-bound cap” on petrol prices to prevent further increases that could worsen the cost of living for Nigerians.

In a statement on Wednesday, Bolaji Abdullahi, ADC’s spokesperson, said the recent hikes in petrol prices reflect rising volatility in global oil markets.

“The African Democratic Congress (ADC) calls on the Federal Government to immediately introduce a temporary and time-bound cap on petrol prices to prevent further increases that continue to push the cost of living beyond the reach of millions of Nigerians,” Abdullahi said.

“Recent hikes in petrol prices reflect rising volatility in global oil markets, driven in part by the ongoing crisis in the Middle East.” Thecable