The Peoples Democratic Party (PDP) has once again appealed to the Federal Government to slash the pump price of fuel to reflect the prevalent slump in the cost of crude oil and petroleum products in the international market.
Naija News understands that the party made their grievances known via a press statement on its twitter handle
The PDP insists that the APC and its government have no justifiable reason to continue to retain the pump price of fuel at N125 per liter despite the drastic crash in the international price of crude oil.
The party notes that given the prevalent international price, 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.
The PDP stressed that the APC government ought to have reduced the pump price, earlier in the year, to N90 per liter when crude oil price slumped to about $30 per barrel.
The party, therefore, wonders why this administration had continued with N125 per liter, even with the further fall in the price of crude oil price.The PDP berates 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.
Our party, therefore, demands that the Federal Government should reduce the pump price of fuel without further delay.
here is the party’s tweet on the reduction of fuel price below
PDP Restates Demands For Fuel Price Slash…Asks @NNPCgroup To Recover Overcharge, Stolen Subsidy Fund
— Official PDP Nigeria (@OfficialPDPNig) April 21, 2020
Source: Naija News