PDP seeks further reduction in fuel prices of petroleum products

The Peoples Democratic Party (PDP) has charged President Muhammadu Buhari to immediately reduce the pump price of fuel from what it called “a cosmetic N125 per litre to an appropriate price that should not exceed N90 per litre.”

It insisted that given the fall in price of crude at the international market to below $30 per barrel, the appropriate domestic price for fuel should be between N80 and N90 per litre, a cost template, the opposition party suggested should be immediately implemented to ease the economic burden on Nigerians and further serve as palliative for the impact of the COVID-19 pandemic.

In a statement by its National Publicity Secretary, Kola Ologbondiyan, PDP said any further delay in the reduction of the fuel price amounts to “fleecing of Nigerians at a time government should rather concentrate on efforts that will immediately ease burdens and enable citizens battle health and economic concerns worsened by the Coronavirus disease.”