A statement signed the Director of Publicity and strategy of the All Progressives Congress(APC) in Oyo State, Olawale Sadare has advised the Federal Government to reduce the pump price of petrol.
The APC hinged their request on the notion that the President Goodluck Jonathan and his economic team arrived at N97 per litre of PMS in 2012 citing skyrocketing prices of crude oil in the global market which necessarily rubbed on high landing cost of imported petroleum products particularly the premium motor spirit otherwise known as petrol, however since the price of crude oil has fallen in the global market, it feels it is wise that the FG reduce the price accordingly.
“The oil price has fallen by 49% from 2013 prices and Jonathan administration still claimed it spent a whooping N971b on its subsidy payment in 2014. Does it mean that Nigeria has been buying refined petroleum products at the same rate from nations with functional refineries despite the crash in crude oil prices? How come Ghana was able to implement a 13% reduction in the prices of same products in its local market?
“As much as we know that the present administration would never be transparent in its economic dealings with the citizenry since it has prioritized promotion of corruption and pursuit of parochial interests, we challenge the president and his economic team to be fair to Nigerians for once and implement a drastic reduction in the pump prices of petroleum products with a view to alleviating the suffering which the masses currently experience.” Sadare said.