The Peoples Democratic Party (PDP) has described the latest increment in the price of fuel as unacceptable, urging President Muhammadu Buhari to reverse rhe price.
The pump price of fuel was increased from N159 to N170 per liter on Friday.
The party in a statement issued by its National Publicity Secretary, Mr. Kola Ologbondiyan, on Friday in Abuja, also described the increase as unbearable to Nigerians.
Ologbondiyan pointed to the prevailing economic hardship Nigerians are already faced with, saying that the increase in the pump price would worsen the already “suffocating economic” situation in the country.
According to Ologbondiyan such hike would be an additional log tied on the economic neck of Nigerians.
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Ologbondiyan said that the government had no justification to increase the cost of fuel to anything above N100 per liter, let alone N170, when there were practical options to maintain affordable price given Nigeria’s production capacity and potentialities.
Ologbondiyan decried the continuous increase in the pump price of fuel.
He added that government had yet to come clean on the parameters being used for the hike in prices vis-a-vis Nigeria’s production, export and accruing revenue.
He said that energy officials had witheld the facts regarding the status and volume of oil production, sales and accruing revenue.
This according to Ologbondiyan was in addition to government’s inability to fix our refineries and end crude oil theft.
He added that fraud in the management of the country’s oil resources was responsible for the high costs and hardship being suffered by millions of Nigerians who could barely afford their meals and basic necessities of life.
He called on President Muhammadu Buhari to take steps in fulfilment of his campaign promise to revamp Nigeria refineries, while urging him to get more competent hands to run the oil sector.
