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PDP rejects new fuel price demands reversal

By Maria Ifafesobi
Akure
Peoples Democratic Party (PDP) has rejected the new increase in fuel priceN151 per liter and electricity tariff to N66 per kWh under the leadership of the major opposition party, All Progressives Congress (APC), describing its government as callous, cruel, and punishing.
This was contained in a statement signed by the party’s National Publicity Secretary, Mr.Kola Ologbondiyan in Abuja on Thursday.
It reads: “The party demands an immediate reversal of the prices to avert a national crisis, as the increase will result in an upsurge in costs of goods and services and worsen the biting hardship being faced by Nigerians, who are already impoverished and overburdened by APC-imposed high cost of living in the last five years.
Our party asserts that by increasing the price of fuel from the N87 per liter it sold under the PDP to an excruciating N151 while at the same time allowing the hike in electricity tariff from N30.23 per kWh to over N66, the APC has left no one in doubt that its agenda is to inflict pain and hardship on Nigerians to satisfy their selfish interests.
The unjustifiable increase in the price of these essential supplies, coming barely a week after the APC brazenly posted support for a fuel price hike, while attempting to rationalize the excruciating hardship being suffered by Nigerians under the Buhari administration, has further confirmed that the APC is at the center of the harsh policies of the Buhari Presidency.
It is distressing that the APC administration increased the cost of essential commodities at the time the leadership of other countries is offering palliatives to their citizens to cushion the effect of the COVID-19 pandemic. It is instructive to add that our nation is doomed under the APC watch.
Our party challenges the APC and the Buhari administration to publish the parameters with which it arrived at the increase of fuel price to N151 per liter given that with the prevailing values in the international market, the appropriate price template for domestic pump price in Nigeria ought not to be above N100 per liter.”
© Technocrat Media House
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