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Nigerians angry as fuel soars 67 percent

Friday, May 13, 2016 - 01:30

Nigerians feel the effects of fuel prices rises of up to 67 percent introduced by a government trying to cope with a fall in global oil prices. Sharon Atseyinku reports.

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Nigerian motorists outraged by a hike in the price of petrol - up 67 percent The painful rise blamed on the fall of the global oil price SOUNDBITE: Reuters Reporter, Sharon Atseyinku, saying (English): "Now Nigerians are suffering. They say that the government's decision has affected the prices of food stuffs in the market. It has affected transportation at all levels. Nigeria's government says such a move will help cut subsidies it has been helping to pay for the importation of fuel over the years. With falling oil revenues the government says it cant afford the fuel price cap anymore Ironically Nigeria is Africa's top oil exporter - but imports nearly all its fuel because its refineries have been neglected for years. Now cash-strapped drivers are paying the price SOUNDBITE: Driver, Sunday Orji, saying (English): "Nigerians please talk to the government of this country to listen to the poor people not the rich, we the poor we are suffering." Prices have risen across the sectors since Wednesday's move - fuelling a new wave of inflation SOUNDBITE: Analyst, Onyekachi Ukomadu, saying (English): "For the economy, once you increase the price of petrol, a country like Nigeria where everything depends on petrol -- so petrol is key to inflation, once it goes up every other thing will follow." But not salaries - angering Nigeria's Labour Congress A previous attempt to end the fuel subsidy led to a massive strike - and this latest move is deeply unpopular

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Nigerians angry as fuel soars 67 percent

Friday, May 13, 2016 - 01:30