Don’t consider fuel price hike, PDP tells Nigerian govt

PDP chairman, Uche Secondus. [Photo credit: Concise News]

The Peoples Democratic Party, PDP, on Friday urged the All Progressive Congress, APC-led federal government not to contemplate hiking fuel price from the present N145 per litre, saying such would be unacceptable.

The party, in a statement on Friday by its National Publicity Secretary, Kola Ologbodiyan, alleged its investigations had shown that the federal government has been lying to Nigerians on oil related issues while using the state-owned NNPC to bandy figures to deceive Nigerians.

The Minister of State for Petroleum Resources, Ibe Kachikwu, had on Thursday said the NNPC, has incurred a cumulative loss of N85.5 billion via importing petrol and selling at N145 per litre.

He said the price was fixed in the first quarter of 2016, when crude oil was selling for $49 but now sells for $67 a barrel, noting that the pump price, may no longer be sustainable.

Mr. Kachickwu gave the explanation to the National Assembly joint committee on Petroleum Resources ( Downstream).

The minister, however in a statement on Thursday signed by Idang Alibi, director of press, foreclosed any fuel price hike. He said there was no such plan.

The PDP, however, said the lingering fuel crisis was a ploy by the APC to justify the intended hike.

The party said instead of putting more burden on the people, the APC government should, ”come out clear on sleazes in the oil sector under its watch, particularly the shady oil subsidy payouts and illegal lifting of N1.1 trillion worth of crude using unregistered companies.”

“Any increase in fuel pump price would be an indirect tax on Nigerians to fund APC interests and considering the pains Nigerians have suffered under this inept and unfeeling government, this intended hike will be callous,” the opposition party said.

Support PREMIUM TIMES' journalism of integrity and credibility


Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: New Discovery! Click Here To See A Miracle Device That Can Cure DIABETES, BLOOD PRESSURE, STROKE, ARTHRITIS, PAINS, OBESITY And 50 Other CHRONIC DISEASES Without Drugs Or Herbs.. Click Here Now To See It

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.