APC govs back petrol subsidy removal, lament over hike of ‘old stock’ price

State governors elected on the platform of the All Progressives Congress (APC) on Friday declared support for the removed petrol subsidy.

However, the Progressive Governors Forum (PGF) led by Governor Hope Uzodinma lamented the increase in price of the commodity by marketers.

Mr Uzodinma who made the position of the PGF known after leading his colleagues to meet with President Bola Tinubu at the State House, Abuja, argued that the price of the ‘old stock’ products ought not be increased.

The Nigerian National Petroleum Corporation Limited (NNPCL) recently hiked the price of petrol across the country from over ₦200 to over ₦500.

Speaking to State House Correspondents, Mr Uzodinma stated that the president simply obeyed existing laws as he urged Nigerians not to politicize the issue.

He also said the 2023 Appropriation Act did not provide for subsidy payment beyond June this year, but it is a liability taken over by the Tinubu administration.

He noted that the situation will abate when market forces come into play and Dangote refinery comes on stream by June.