Stop Fleecing Nigerians, Reduce Fuel Price to N70 – PDP Tells FG

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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

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