PDP rejects N108 ex-depot fuel price, insists on N70 pump price

PDP rejects N108 ex-depot fuel price, insists on N70 pump price

- PDP has asked the federal government to immediately reduce both the ex-depot and pump price

- The party asked the federal government to revert to N70 pump price

- Kola Ologbondiyan, the party's spokesman, said the N108 ex-depot price with a projected additional N9 per litre expected open market price is unacceptable to Nigerians

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The Peoples Democratic Party (PDP) has rejected the federal government’s pinch in the ex-depot price of fuel to N108 per litre.

Legit.ng reports that the party insisted on a new pricing template that should accommodate a pump price of between N60 and N70 per litre to reflect the crash in the price of crude oil and petroleum products on the international market.

The party in a statement by its national publicity secretary, Kola Ologbondiyan, described the N108 ex-depot price as fraudulent and a far cry from the appropriate pump price template that should not exceed N70 given the prevailing situation in the international oil market.

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The PDP noted that the N108 ex-depot price with a projected additional N9 per litre expected open market price is therefore completely unacceptable to Nigerians.

PDP rejects N108 ex-depot fuel price, insists on N70 pump price

The national publicity secretary, Kola Ologbodiyan. Credit: Facebook/PDP
Source: Depositphotos

“Moreover, the federal government has continued to shroud the indices and parameters it is using in determining the domestic prices of petroleum products in secrecy. Such parameters obviously cannot be in tandem with the appropriate situation in the global industry.

“The PDP demands that the APC federal government should immediately reduce both the ex-depot and pump price as well as surrender the billions of naira accruable as overcharge from the inappropriate fuel pricing since the crash in crude oil price and channel the funds as palliatives to Nigerians,” the party said.

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Meanwhile, Legit.ng had previously reported that Professor Akin Abayomi, the Lagos state commissioner for health, described as fake news, the reports making the rounds that he was tested positive to the coronavirus pandemic.

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It was reported that the commissioner, who confirmed the case of 10 staff of the Lagos state government House, urged the public to disregard the report that he was also tested positive to the COVID-19.

Abayomi in a Tweet on his twitter page @ProfAkinAbayomi on Friday, May 8, said that he is hale and hearty, in good health, and has continued in his capacity as the deputy incident commander of the COVID-19.

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Source: Legit

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