Fuel Price Hike: The Flip Side

In the socio-economic landscape of present day Nigeria, there’s hardly any other issue as pertinent and crucial as the sudden increase in the pump price of premium motor spirit popularly called petrol. The plethora of negative effects of the new pump price of N145 per litre has been the song on everyone’s lips. Vehicle owners, commuters, artisans, white and blue collar job holders, market women…you name it seem to be in a battle of who-can-lament-the-most. And who can blame anyone complaining? The N58.50k difference (especially with no palliative measures in place to cushion the effect) between what used to obtain and what we have now came as a shock to many.