Senate allays fears of increase in petrol pump price

The Senate has allayed fears that the N5 tax for roads maintenance in the proposed National Road Fund Bill would lead to an increase in the pump price of premium motor spirit (PMS), popularly called petrol, from the current price of N145 per litre, Leadership reports.

Senate President Bukola Saraki in a statement, yesterday, said the N5 tax would be deducted from the current pump price of N145 per litre. Similarly, the chairman, Senate Committee on Works, Senator Kabiru Gaya, in an interview at the weekend, said the issue of increase in pump price of petrol had yet to be discussed on the floor of the Senate.

The proposed legislation by the Senate, last week, was met with public outcry, with motorists and commuters accusing the lawmakers of attempting to impoverish the people more. But Saraki in a statement insisted that there was no cause to worry as the recommendation would not amount to any increase in the price of fuel.




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