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PDP Reacts To New Fuel Pump Price

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PDP Reacts To New Fuel Pump Price

Latest: PDP Reacts To New Fuel Pump Price

Fuel Pump Price

The Peoples Democratic Party (PDP) has urged President Muhammadu Buhari to reverse the increase in the pump price of fuel which increased from N159 to N170 per liter.
The party in a statement issued by its National Publicity Secretary, Mr Kola Ologbondiyan, on Friday in Abuja, rejected the increase describing it as unbearable to Nigerians.

Ologbondiyan said it was also unacceptable given the prevailing economic crunch already confronting Nigerians.

Also Read: Dino Melaye blast Buhari Over increment in Petrol Price

Ologbondiyan said that the government had no justification to increase the cost of fuel to anything above N100 per liter, let alone N170.

He said that there was no such justification when there were practical options to maintain affordable prices given Nigeria’s production capacity and potentialities.

Ologbondiyan decried the continuous increase in the pump price of fuel.

He added that government had yet to come clean on the parameters being used for the hike in prices vis-a-vis Nigeria’s production, export, and accruing revenue.

He said that energy officials had withheld the facts regarding the status and volume of oil production, sales, and accruing revenue.

This according to Ologbondiyan was in addition to the government’s inability to fix our refineries and end crude oil theft.

He added that fraud in the management of the country’s oil resources was responsible for the high costs and hardship being suffered by millions of Nigerians who could barely afford their meals and basic necessities of life.

He called on President Muhammadu Buhari to take steps in the fulfillment of his campaign promise to revamp Nigeria refineries while urging him to get more competent hands to run the oil sector.

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