Fuel Price Hike: PDP Rejects New Price, Asks Buhari To Immediately Revert To Old Fuel Price

The Peoples Democratic Party (PDP) has asked President Muhammadu Buhari to immediately reverse the recent increase in the price of Fuel.

PDP who made this call in a statement by the party's National Publicity Secretary, Kola Ologbodiyan on Friday, described the recent increase in the price of fuel as wicked, unbearable and unacceptable.

Further arguing that APC had no justification to raise the price of fuel above 100 Naira, PDP said that there are practical options to maintain an affordable price.

READ ALSO: NNPC Hike Fuel Price Again To N155, Marketers To Sell At N170 Per Litre

According to PDP, the continued increase in the price of fuel is a product of incompetence and a large scale corruption being perpetrated by elements of the Buhari led administration.

 "The @OfficialPDPNig rejects an increase in the pump price of fuel to N170 per liter by the @OfficialAPCNg government, describing it as wicked, unbearable and unacceptable, particularly given the prevailing excruciating economic crunch already foisted on Nigerians by the @MBuhari  administration.

"The party insists that this increase in the pump price will worsen the already suffocating economic situation in the country. Such hike will also be an additional log tied on the economic neck of Nigerians.

"The PDP holds that the @OfficialAPCNg  and its administration have no justification to increase the cost of fuel to anything above N100 per liter talk less of N170, when there are practical options to maintain affordable price given our production capacity and potentialities.

"It is evident that the continuous increase in the pump price of fuel under opaque and nebulous indices is a product of incompetence and large scale corruption being perpetrated by a few individuals in the @MBuhari administration who are bent on fleecing Nigerians and holding our nation to ransom.

"Our party notes that the @OfficialAPCNg  administration has failed to come clean on the parameters being used for the hike in prices vis-a-vis our production, export and accruing revenue.

"Indeed, the @OfficialAPCNg  administration is not being honest with Nigerians regarding the status and volume of oil production, sales and accruing revenue.

"This is in addition to its failure to fix our refineries and end crude oil theft, allegedly to aid @OfficialAPCNg  interests.

"This appears to provide answers to why the @OfficialAPCNg  administration has failed to offer any explanation on huge fraud going on in the management of our nation's oil resources including the alleged stealing over N9.6 trillion ($25 billion) by @OfficialAPCNg  interests, as detailed in the leaked @NNPCgroup  memo.

"It has also failed to publish details of its sleazy oil subsidy regime, including the involvement of @OfficialAPCNg  interests in the claimed under-recovery for unnamed West African countries, running into trillions of naira while Nigerians are made to bear the burden of high fuel costs.

"Such humongous fraud in the management of our oil resources is responsible for the high costs and unspeakable hardship being suffered by millions of Nigerians.

"It is still not yet late for him to get more competent hands to run our oil sector instead of imposing more hardship on Nigerians.

"President @MBuhari  should also take steps to fulfill his promise to revamp our refineries or accept his failures and apologize to Nigerians.

"Our party urges President @MBuhari  to end the corruption and the stealing of our oil resource under his watch by @OfficialAPCNg  leaders, recover the looted resources and immediately reverse this increase in price of fuel," the statement by PDP read.

It will be recalled that AllNews earlier today reported the recent increase in fuel price.

N170 Fuel Price Wicked, Unbearable, Says PDP

The @OfficialPDPNig rejects an increase in the pump price of fuel to N170 per liter by the @OfficialAPCNg government, describing it as wicked, unbearable and unacceptable, particularly given the prevailing excruciating... pic.twitter.com/80xn0H654N

— Official PDP Nigeria (@OfficialPDPNig) November 13, 2020