The announcement of increment of petrol pump price from N143 Naira to N151 Naira by the federal government on Wednesday has generated mixed reactions from different sectors in the country.
Many Stakeholders including political parties have aired their opinions on the current increment of fuel price.
Topnewsnaija reported that the Pipeline and Product Marketing Company (PPMC) on Wednesday disclosed that the price of premium motor spirit (PMS) is now one hundred and fifty-one naira, fifty-six kobo (N151.56) per litre which will take effect from 2nd September 2020.
Reacting to the petrol pump price increment, the leading opposition party, Peoples Democratic Party, PDP has condemned the federal government action, demanding for the immediate reversal of the price.
In a series of tweet on the official handle of the party, the recent increment is another method the Buhari-led administration has orchestrated to punish the citizens of Nigerian.
The party challenged the government to disclose the parameters used in deciding the increments.
“The @OfficialPDPNig vehemently rejects the fresh increase in the price of fuel to N151 per liter and electricity tariff to N66 per kwh under the @OfficialAPCNg.
“Our party further challenges the @OfficialAPCNg-led Federal Government to publish details of its sleazy and over-bloated oil subsidy regime, including the involvement of APC interests in the claimed under-recovery for market, the appropriate price template for domestic pump price in Nigeria ought not to be above N100 per liter.
“Our party challenges the @OfficialAPCNg and the @MBuhari administration to publish the parameters with which it arrived at the increase of fuel price to N151 per liter given that with the prevailing values in the international.”
PDP Rejects N151 Fuel Price, Hike In Electricity Tariff…Says APC Is Punishing Nigerians
— Official PDP Nigeria (@OfficialPDPNig) September 2, 2020
APC Counters PDP’s Claims On Fuel Price Increment
The ruling party, All Progressive Congress (APC) has countered PDP’s claim on why the Federal Government should reverse the petrol pump price.
According to APC, the opposition party needs to wake from its slumber and embrace the government that works for the citizens, not for a few interests.
Reacting, the party’s former Deputy National Publicity Secretary, Mr Yekini Nabena said the decision to increase the fuel pump price and the hike in electricity tariff was in the best interest of every Nigerian.
“The attention of the APC has been drawn to a shameless statement by PDP on the current petrol price and electricity tariff in the country.
“The pricing template now reflects competitive and market-driven components which are supported by the citizenry.
“In an effort by this administration to put an end to estimated and arbitrary billing for electricity, President Buhari recently directed a nationwide mass metering programme for electricity consumers in the country.” He said.