Press Statement
…Rejects Announced N121 per liter
The Peoples Democratic Party (PDP) has asked the Federal Government to
stop fleecing Nigerians with high fuel price by immediately reducing the
pump price to N70 per liter to reflect the appropriate pricing template
following the fall in the price of crude oil in the international
market.
The PDP completely rejects the N121 per liter price announced by the
Federal Government, which has even remained unenforced, describing it as
highly provocative and a further display of the insensitivity of the All
Progressives Congress (APC) to the plight of Nigerians, particularly as
they battle the social and economic impact of the COVID-19 pandemic.
The party insists that a N121 per liter price amounts to fleecing
Nigerians of over N50 per liter of fuel. This is in continuation of the
N55 per liter overcharge, which Nigerians had borne under the
inappropriate N125 per liter, which prevailed for months, before it was
brought down to N123.5 per liter, in spite of the crash in international
price of crude oil.
The PDP rejects the unnecessary price pinching and demands that the
Federal Government, should without further delay, implement the
appropriate price as well as declare and account for the billions of
naira accruable as overcharge since the crash in crude oil price.
The failure to reduce the pump price as well as the non-declaration of
the overcharge is completely unacceptable to Nigerians, as it only
points to questions of corruption in the system.
The PDP insists that the APC and its government have no justifiable
reason to retain the pump price of fuel at over N70 per liter. It again
challenged the APC administration to disprove Nigerians by immediately
publishing the prevailing landing cost, depot cost, trucking cost as
well as the retail outlet admin cost and show why the pump price should
be above N70 per liter.
The party urged the National Assembly to protect the interest of the
people by using their legislative instruments to prevail on the Federal
Government to implement the appropriate fuel pricing and account for the
overcharges.
Signed:
Kola Ologbondiyan
National Publicity Secretary
