BREAKING: Protest Hits Osogbo Over Electricity Tariff, Fuel Hike

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Members of the Coalition for Civil Societies in Osun State Friday morning protested against the hike in electricity tariff and petrol price .

The protesters took off from Freedom Park , Osogbo around 8 : 30 am .

The protesters displayed placards showing their displeasure over the increase in electricity tariff and petrol price .

The protesters lamented that “approval of new electricity tariff and increment in the pump price of petrol is the highest level of insensitivity and wickedness from President Muhammad Buhari – led All Progressives Congress government.”

Petrol prices have increased for three straight months , rising from N121 .50 –N 123 .50 per litre in June to N 140 .80 -N 143 .80 in July , N 148 -N 150 in August and N158 – N162 in September .

The Petroleum Products Marketing Company , a subsidiary of the Nigerian National Petroleum Corporation had , on Wednesday , increased the ex- depot price of Premium Motor Spirit ( petrol ) to N151 . 56 per litre from N138 . 62 per litre but later reduced it to N147 .67 .

The ex -depot price is the price at which the product is sold to marketers at the depots .

It was reported that in a surprise move, NERC approved an increase in electricity tariff with effect from September 1, 2020.

This comes three months after the tariff hike implementation slated for July 1 was halted by the National Assembly, which prevailed on the distribution companies to shelve the date to the first quarter of 2021 due to the current economic challenges in Nigeria .

A document seen by our correspondent on Tuesday showed that electricity customers , except those receiving less than 12 hours of supply , would have to pay more for electricity starting from September 1 , 2020 .

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Details later…

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