Petrol Price @143.80/L: Grossly unjustifiable, an indication of APC insincerity – PDP

Petrol Price @143.80/L: Grossly unjustifiable, an indication of APC insincerity - PDP

Following the increase of petrol pump price from N123 to N143.80 per litre by the Petroleum Products Pricing Regulatory Agency, PPPRA, the Peoples Democratic Party, PDP, on Thursday, described the increment as grossly unjustifiable and an indication of ‘the insincerity of the All Progressives Congress, APC and its administration.’

The party also described the hike as a punishment to Nigerians.

The party’s reaction was contained in a statement signed by its spokesperson, Kola Ologbondiyan.

The statement reads: “In directing a fuel price increase at the time Nigerians are facing the economic and social trauma of the COVID-19 pandemic, the President Muhammadu Buhari-led APC administration shows a total lack of human feelings to the plights of our citizens.”

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“Our party challenges the APC-led federal government to present to Nigerians, the indices and parameters it used to determine the price increase, which obviously cannot be in tandem with the prevalent situation in the global industry.

“The actions of the APC administration have continued to confirm that the party has never been pro-poor but only relishes in imposing hardship and heavy taxes on already impoverished Nigerians, while running an over-bloated government through which resources meant for the welfare of Nigerians are frittered by corrupt officials and the cabal in the Presidency.

“Under the APC, Nigerians have been subjected to untold hardship, which is worsened by excruciating taxes, including a 7.5 percent Value Added Tax, VAT, on essential commodities and services, increased electricity tariff, obnoxious Stamp Duty and other levies on bank transactions.

“It is shocking that the APC government has continued to impose more burdens that have made life unbearable to our citizens, many of whom have lost their means of livelihood due to the misrule of the APC.

“Only yesterday (Wednesday), President Buhari told the world that the number of poor people will triple following the adverse impact of COVID-19 pandemic; yet his administration, which has turned our nation into the poverty capital of the world, instead of seeking ways to stimulate the economy, is worsening the situation with an increase in fuel price.

“What Nigerians expect of the Buhari Presidency at this critical time is to save resources by immediately cutting the size of its over-bloated government, recover the over N14 trillion oil money stolen under its watch and channel the funds towards the wellbeing of Nigerians.

“Our party therefore charges the APC and its administration to immediately reverse the pump price of fuel to a price not exceeding N90 per litre, given the prevailing templates in the price of crude oil in the international market.”

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