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Drop In Oil Price: Buhari Must Reduce Fuel Price To N60 – PDP Insists

Buhari loses nephew

Buhari loses nephew

By Augustine Akhilomen

The Peoples Democratic Party (PDP) has called on President Muhammadu Buhari to further slashed down the price of the  Premium Motor Spirit (PMS) popularly known as fuel to N70 or N60 amid the slump in the global crude oil price.

In a statement issued by its national spokesman, Kola Ologbondiyan, the party stated that the appropriate price template for domestic pump price of fuel in Nigeria ought to be between N60 to N70 per liter, in response to the variables of international market forces.

It berated the APC and cautioned it to stop fleecing Nigerians with inappropriate fuel price template, particularly at this time when the citizens are battling with the economic impact of the Covid-19 pandemic.

“Nigerians can recall that the NNPC had, earlier in the month, confessed that the APC administration had, in the last five years, engaged in underhand subsidy deals, which included a hazy under-recovery for unnamed West African countries, running into trillions of naira, while Nigerians continued to bear the burden on unsubsidized fuel,” the party said.

The PDP also restated its call on the National Assembly to immediately open an investigation into the fuel price overcharge as well as the fraudulent subsidy regime through which over N14 trillion had allegedly been frittered by a few unscrupulous individuals operating as a cabal in government circles.

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