CPPE faults petrol price hike, says economy not ripe for full deregulation

Oct. 10, 2024 - TheCable

The CPPE CEO said the price increase is regrettably ill-timed and does not reckon with the prevailing difficult economic conditions. He said it would have been better for the government to implement the economic stabilisation bill before introducing the petrol hike.

Advertisement“The present administration has presented an Economic Stabilisation Bill to the national assembly,” he said. It would have been better to allow the proposed mitigating measures to be activated and gain traction before coming up with the petrol price hike.

This is without prejudice to the fiscal policy measures contained in the Economic Stabilisation Plan,” Yusuf said...