The Muslim Media Watch Group of Nigeria (MMWG) has formally requested that the Federal Government mandate petroleum marketers to lower fuel costs. The organization argues that current petrol prices, which exceed N1,000 per litre, are unjustified given that global oil rates have returned to levels seen before recent geopolitical conflicts.
In a statement released by National Coordinator Alhaji Ibrahim Abdullahi, the group highlighted that the de-escalation of tensions between Iran and the United States has reduced international oil costs. Consequently, the MMWG characterizes the maintenance of high domestic pump prices as an act of economic sabotage and a failure to protect citizens from unnecessary hardship.
The organization pointed out that other nations impacted by previous regional conflicts have already seen their fuel prices stabilize and drop. They questioned why Nigerian marketers have failed to follow this trend, labeling the continued high pricing as both insensitive and inhumane. The MMWG has called on the Federal Competition and Consumers Protection Commission (FCCPC) to intervene immediately to ensure prices return to the pre-war benchmark of N700 per litre.
While acknowledging the efforts of the Dangote Group in refining reforms, the MMWG urged the company to take a more active role in stabilizing market rates to ease the financial burden on the public. They cautioned that allowing marketers to set prices without regulation will only exacerbate the economic struggles faced by Nigerians.
