PDP Reacts to N617 Fuel Price, Reveals Amount Nigerians Should Buy Petrol

• The Peoples Democratic Party (PDP) said the current N617 per liter of fuel is excessive and unacceptable
• The PDP spokesperson, Debo Ologunagba said Nigerians should not be buying petrol for more than N150 per litre
• Ologunagba described the policies by the APC as "ill-thought-out, badly planned, and hurriedly-executed"

The Peoples Democratic Party (PDP) has reacted to the current price of a litre of petrol following the increment in pump price by oil marketers on Tuesday.

The main opposition party said N617 per litre in Abuja and N568 in Lagos is “provocative”

According to PDP spokesperson, Debo Ologunagba, petrol should not be sold for more than N150 at filling stations, TheCable reported.

In the statement issued on Tuesday, July 18, Ologunagba said the hike in petrol price is “worsening the already suffocating economic situation” in the country.

“Our party insists that the N617 per liter of fuel is excessive, unacceptable, and cannot be justified under any guise. This is especially given the economic potential and prospects within our country.

“Even with the removal of subsidy on petroleum products, the PDP maintains that with a deft, transparent, and innovative management of resources, economic potentials, national comparative advantage, and expanded value chain in refining capacity, fuel should not sell for more than N150 per litre in Nigeria.”

The PDP spokesperson said Nigerians are losing their means of livelihood to the “badly planned and hurriedly executed” policies of the All Progressives Congress (APC).

“The PDP is alarmed that with its ill-thought-out, badly planned, and hurriedly-executed policies, the APC is running Nigeria’s economy aground with the value of naira rapidly plummeting, businesses and production shutting down.”

Fuel Price in Nigeria: President Bola Tinubu Told to Borrow Atiku’s Plan on How to Fully Deregulate Oil Sector

Deji Adeyanju, the Convener, Concerned Nigerians, on Tuesday, July 18, asked President Bola Ahmed Tinubu to borrow Alhaji Atiku Abubakar’s plan on how to fully de-regulate the oil sector.

According to Adeyanju, there is no shame in taking from Atiku’s books.

Fuel is now N617 per litre as NNPC increases pump price, marketers give 3 reasons

Legit.ng had reported on how the Nigerian National Petroleum Company Limited adjusted its pump price of Premium Motor Spirit, popularly called petrol from N537/litre to N617/litre.

The adjustments were spotted in some filling stations in Abuja on Tuesday, July 17, 2023, and it is expected the new prices will be implemented across the country.

Mike Osatuyi, national operations controller, of the Independent Petroleum Marketers Association of Nigeria (IPMAN) had previously spoken on the changes.

Source: Legit.ng