Upward Adjustment Of Petrol Price Not Acceptable- PDP

Moses Ofodeme

The Peoples Democratic Party (PDP) on Friday, March 12, called on the Federal Government not to consider any increase in the pump price of petrol.

The PDP in a statement by its National Publicity Secretary, Mr Kola Ologbondiyan, in Abuja said any contemplation to increase the pump price of petrol to N212 would worsen the economic and social situations of Nigerians.

The Party was reacting to the report that the Petroleum Products Pricing and Regulatory Agency, (PPPRA) on Thursday night released a template that a litre of fuel would now be sold for prices ranging from N209 to N212 per litre for March.

Ologbondiyan said that the N212 per litre reportedly contemplated in the March pricing template was not in the best interest of Nigerians.

“It is a barefaced fact that there is no way that Nigerians can survive such a hike in fuel price; which will worsen the already agonizing economic situation in the country.

“Our party maintains that with an honest and transparent administration of our national production capacity and potentialities; the domestic price of fuel should not exceed N70 per litre.”

Ologbondiyan said any increase in fuel price would be unacceptable with over 100 million citizens living in abject poverty; 23 per cent unemployment rate and much more living below N500 a day.

He advised the government to save the nation by ending every contemplation of fuel price increase; particularly at the time Nigerians were expecting a downward review in prices.

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