The National Parent Teacher Association of Nigeria (NAPTAN) has appealed to the Federal Government to preventing further hike petrol price.
Mr Adeolu Ogunbanjo, National Deputy President of NAPTAN, made the appeal during an emergency meeting of the association on Monday in Lagos.
President Tinubu, in his broadcast to the nation in July, said the government “is monitoring effects of the exchange rate and inflation on gasoline prices.
Tinubu also promised that his administration would intervene if and when necessary.
Oil marketers on Monday projected an imminent price increase due to naira depreciation, against the dollar.
According to marketers, as long as the dollar keeps rising against the naira in the Forex market, the price of fuel will also continue to increase.
Ogunbanjo called on the president to give concessional rate on the dollar to petroleum importers.
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According to him, this will create an enabling environment for fuel prices to stabilise.
“The removal of petroleum subsidy we agree and align with it. However, unifying the naira at the same time is what is causing the hardship because anytime the dollar rises, fuel import rises.
“It is upon this development that we are pleading for the intervention of our dear president to consider a concessionary rate for fuel importers.
“About 60 per cent are parents; September is around the corner, when school fees will be paid.
“So, Nigerian parents are crying and begging Mr President to hear us.
“He should do everything possible to stabilise the fuel price as anything contrary will increase hardship,” he added.
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