The Peoples Democratic Party has urged President Muhammadu Buhari to reduce the pump price of premium motor spirit, popularly called petrol, from N125 per litre to a maximum of N90 per litre.
The party disclosed that the appropriate domestic price for petrol should be between N80 and N90 per litre.
The disclosure was made in a statement through the party’s National Publicity Secretary, Mr Kola Ologbondiyan, who affirmed that such a cost template, if implemented, would ease the economic burden on Nigerians and serve as a palliative for the impact of the COVID-19 pandemic.
“Our party maintains that any further delay in the reduction of fuel price amounts to fleecing of Nigerians at a time government should rather concentrate on efforts that will immediately ease the burden and enable our citizens to battle health and economic concerns worsened by the coronavirus disease,” Ologbondiyan said.
“The party therefore urged agencies of government, particularly the Central Bank of Nigeria, to be wary of attempts by some All Progressives Congress leaders to hijack fiscal procedures and push hazy financial theories that will end up diverting public resources into their hands, away from the poor Nigerians in the informal sector who are in dire need of social remedies due to the impact of the COVID-19 pandemic.”