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Nigerians lament high cost of petrol

16 June 2016, 19:28

Lagos – The majority of Nigerians have not endorsed the decision by the Federal Government to increase the petrol pump price.

This is according to findings of public opinion poll, indicating 74 percent of the population is not in support of the move.

NOIPolls conducted the survey which suggested the stance had been largely influenced by the perceived resulting effect of the increase; where Nigerians lamented over ‘economic hardship of the masses’ (41 percent), ‘increased cost of living’ (40 percent), ‘increase in prices of goods and services’ (8 percent) and ‘increase in cost of transportation’ (5 percent), among others.

In a different light, some Nigerians are in support of the increase, backing their position with the ready availability of petrol (43 percent) at filling stations, while also believing that the increase is ‘the best option for Nigeria’ (18 percent),  and ‘subsidy money will be put to better use’ (15 percent) among others.

Also read: Niger Delta Avengers strike again, blow up NNPC pipeline in Akwa Ibom

These are the key findings from the poll conducted the week of June 6.

NOIPolls said the exercise gave an insight on the reality regarding the increase in petrol pricing and total subsidy removal in Nigeria, when the results were compared to an earlier poll conducted on subsidy removal by NOIPolls in April 2016.

Then, analysis showed an almost equal divide in the proportion of Nigerians in support (48 percent) and not in support (52 percent) of the subsidy removal.

In April, following a prolonged fuel crisis that lingered for months, the federal government startled Nigerians by scraping the Petroleum Support Fund, generally known to the Nigerian public as fuel subsidy and this has led to the increase of petrol pump price from N86 to N145 per litre.

This brought to an end a period characterized by severe scarcity of fuel culminating in long queues never witnessed in Nigeria.

The latest survey involved telephone interviews of a random nationwide sample of 1 000 randomly selected phone-owning Nigerians aged 18 years and above.

- CAJ News


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