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Senate recommends increase in prices of petrol and diesel

More hardship for Nigerians!

The Senate Committee on Works in its final report on a Bill titled “The National Road Fund (Est, etc) Bill, 2017 (SB 21)” has proposed an increase of N5 per litre on Premium Motor Spirit (PMS).

The import of the proposed fuel levy charge is that, end users (motorists) will pay N5 tax on every litre of fuel bought at any fuel station.

The Senate Committee on Works under the leadership of Senator Kabiru Gaya in the report, also advocated for the implementation of a special 0.5 percent levy on commercial vehicles passengers fares, all in a bid to raise money to pay for road constructions and maintenance.

The Bill which is part of the 11 economic reform Bills initiated by the Senator Bukola Saraki led leadership of the Senate, as contribution to economic recovery by the country, has already been endorsed by the House of Representatives.

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