The Coalition of United Political Parties (CUPP) has condemned the hoarding of Premium Motor Spirit, popularly known as petrol, which has led to the hike in the pump price of the product accross the country, in the last two days.
CUPP, In a statement signed in Abuja by its National Co-Spokesperson, Comrade Mark Adebayo, said that the hoarding and price hike by fuel marketers is unethical and obscene business practice to unleash a sudden attacks on Nigerians, especially when the subsidy support is till the end of June 2023.
“Nigerians were not prepared psychologically by the government through systematic communication and deliberate public awareness activities before this burden was suddenly unleashed on the people.
“It is a function of strategic miscommunication and the President didn’t do himself any good by that. Transportation costs has suddenly gone up by 300% in some places as the pump prices now range from N550 to N600. This is inexcusable in all ramifications for a government that is just coming in.
“As for the fuel marketers who have taken undue advantage of this policy gaffe, it is an unethical and obscene business practice to unleash such sudden attacks on Nigerians when you still have subsidy support till the end of June 2023. Your action is inexcusable, reprehensible, unpatriotic and obnoxious.”
The coalition asked the Federal Government to immediately put in place ameliorating policies that can cushion the “multiple harrowing effects of this horrendous and unacceptable development”.