13/05/2016
Let's flash back and forget about the party differences “In 2012 when the Peoples
Democratic Party (PDP) government of Dr
Goodluck Jonathan removed fuel subsidy
and increased petrol price to N141 per
litre, crude oil was selling at $111 per
barrel. How then can petrol price be
increased to N145 per litre when crude oil
is now selling at $40 per barrel?
“It is on record that on May 2 this year,
the federal government, in the Petroleum
Product Pricing Regulatory Agency
(PPPRA) Template released in Abuja, told
Nigerians that it was subsidising petrol
at N12.62 per litre.
“If as at May 2, petrol was being
subsidised at N12.62 per litre, and now
that the subsidy of N12.62 has been
removed, what ought to have been added
to the N86.50 pump price should be
N12.62, which would have increased
pump price to N99.12 per litre.
“Increasing petrol pump price by N58.50
when the federal government claimed it
was subsidising the product at N12.62
per litre is clear political 419, which is
aimed at further impoverishing Nigerians
as the government will be making profit of
N45.88 on each litre of petrol bought by
Nigerians.
“How can any government with human
feelings attempt to make profit of N45.88
per litre on Nigerians, who are no longer
getting their salaries regularly? How can
Buhari and his party impose another
N45.88 per litre levy on Nigerians who are
already facing severe hardship? This is
wickedness!”
