LP: Petrol price hike is beginning of hard times Nigerians will face under APC

The Labour Party (LP) says Nigerians do not deserve what they are getting from the ruling All Progressives Congress (APC).

Oil marketers had on Tuesday increased the pump price of petrol at retail outlets to N617 per litre in Abuja and N568 per litre in Lagos.

The development comes just weeks after the complete deregulation of the downstream petroleum sector.

Deregulation is the elimination or removal of government controls over a sector, allowing market forces to determine the prices of products.

On May 29, President Bola Tinubu announced that “petrol subsidy is gone” — a pronouncement which immediately led to a hike in the pump price of the product across the country.

Reacting in a statement on Tuesday, Obiora Ifoh, national publicity secretary of LP, said the adjustment of the petrol pump price is the beginning of the hard times Nigerians will be grappling with under the APC.

“The Labour Party has said that the latest adjustment in the petroleum pump price is just the beginning of hard times Nigerians will be facing under the All Progressives Congress-led administration,” the statement reads.

“Recall that we had earlier warned that the bourgeoisie government in place can only enrich the upper class and inflict penury on the proletariat.

“You offer a paltry N8000 to a family of five and extract all they have laboured for through obnoxious policies.

“Nigerians do not deserve what they are getting from the present government. The Labour Party condemns the attitude of the government to its people.

“This is even coming at a time the Nigerian currency has continued to devalue under the watch of this government.

“We are however optimistic that Nigeria will overcome the Taskmaster of our time. We will soon witness the Promised Land.”