Atiku to reduce fuel price to #87 as soon as becomes the president-PDP

The Peoples Democratic Party (PDP) says its Presidential
candidate, Atiku Abubakar, has worked out a pricing template that
will immediately crash the pump price of fuel in the country, since
the President Muhammadu Buhari-led All Progressives Congress
(APC) administration, in its insensitivity, has failed to do the
needful in the last three years.
This is just as the PDP completely rejects the Buhari-led Federal
Government’s increase of the official prices of diesel and kerosine,
stating that such will bring more economic pressure on the already
impoverished nation, as most businesses and homes across the
country heavily depend on these products for sustenance.
The party revealed that it has been in high level talks with top
international players in the oil and gas industry, adding that its
engagements has shown that the appropriate pump price of fuel in
the Nigerian market, under the current subsidy regimes of the
Buhari Presidency, should be within the borders of N87 to N90 per
liter as against the N145 currently being charged.
The PDP said with the current price template of crude oil in the
international market, the Buhari administration has no justification
to keep the pump price of fuel at N145 per liter and watch
Nigerians groan under the weight of high prices, while a cabal at
the presidency loot the funds meant to subsidize the product.
The PDP notes that for every N145 paid for a liter of fuel, the
Presidency cabal diverts a hidden N58 which Nigerians have
continued to pay since the fuel price was increased from N87 to
presumably subsidized cost of N145.
Apart from failing to account for the over N1.4 trillion allegedly
siphoned through sleazy oil subsidy deals, the Buhari-led Federal
Government is burdened to account for the over N3.49 trillion
stolen under the hidden N58 per liter of fuel on over 50 million
daily domestic consumption estimated in the last three years.
The PDP notes that had the Buhari administration heed wise
counsel to be transparent in its dealings in governance and to
engage more experienced hands on petroleum issues, the nation
would not have been in the dire straits we face today.
The party however urges Nigerians not to despair as its
Presidential candidate, Atiku Abubakar, has already worked out a
blueprint that will end sleazes, ensure appropriate pricing template
and free resources to guarantee availability of product on a
national pricing regime.

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4 Comments

  1. Good information

  2. If I hear say

  3. Nice

  4. Nice

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