”Petrol Price Shouldn’t Be More Than N150 Per Litre,” Says PDP

The Peoples Democratic Party (PDP) has condemned the recent hike in fuel hike in the country.

The party spoke through its National Publicity Secretary, Debo Ologunagba, stating that with the removal of subsidy on petroleum products, fuel should be sold for at most N150 per litre in Nigeria.

The PDP said that with deft, transparent and innovative management of resources, economic potential national comparative advantage and expanded value chain in refining capacity, the 150 price tag is possible.

Ologunagba said the rising fuel cost had worsened Nigerians’ economic conditions and charged the All Progressives Congress (APC) led administration to seek ways to stabilise and grow the economy.

He also said the PDP was alarmed over the fall in the value of naira.

He explained that the situation had forced businesses and production to shut down, made citizens lose their jobs and distorted commercial and social activities.

According to him, millions of families can no longer afford their daily needs as food, medication, and other essential goods and services continue to skyrocket.

The PDP spokesperson said this was not the country that Nigerians yearned for.

He dismissed the argument of market forces and comparison of the price of fuel in Nigeria with other countries, saying the countries being mentioned have functional infrastructure, transportation systems and energy.

He added that the currencies of such countries were solid while their citizens earned far higher than what obtains in Nigeria.

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