Sierraloaded TV
Activist Rejects Fuel Price Reduction, Urges Citizens to Proceed with ‘All Black’ Protest
The government announced on Monday that petrol would be reduced from NLe35 to NLe33 per litre and diesel from NLe40 to NLe35 per litre following a meeting with Oil Marketing Companies (OMCs). The reduction represents a cut of NLe2 on petrol and NLe5 on diesel.
However, Abu, Executive Director of the Native Consortium and Research Centre, dismissed the adjustment as a “Cocoyebeh” (small) reduction. He noted that global oil prices have dropped by approximately 40 percent, yet local pump prices have only been reduced by 5 to 12 percent.
