Atiku Abubakar Moves To Reduce Petroleum Pump Price

By Ikenga Chronicles November 2, 2018

Atiku Abubakar Moves To Reduce Petroleum Pump Price

The Peoples Democratic Party (PDP) said that its Presidential Candidate, Atiku Abubakar, has a pricing template that will crash the pump price of fuel in the country, if elected Nigeria’s President.

PDP made this known in a statement signed by Kola Ologbodiyan, its National Publicity Secretary and shared on its verified Twitter handle, @OfficialPDPNig.

Part of the PDP statement read: “Our Presidential candidate, Atiku, has worked out a pricing template that will immediately crash the pump price of fuel in the country, since the @MBuhari-led @OfficialAPCNg administration, in its insensitivity, has failed to do the needful in the last three years.

“We completely reject the @MBuhari-led FG’s increase of the official prices of diesel and kerosene. Such increment will bring more economic pressure on the already impoverished nation, as most businesses and homes across the country heavily rely on these products for sustenance.”

PDP said it has found out that given the current subsidy arrangement, the pump price of fuel should be between, N87 and N99.

“Our party is talking with top international players in the oil and gas industry, and these engagements have shown that the appropriate pump price of fuel in the Nigerian market, under the current subsidy regimes of the Buhari Presidency, should be within the borders of N87 to N90.

“With the current price template of crude oil in the international market, the @MBuhari administration has no justification to keep the pump price of fuel at N145 per liter and watch Nigerians groan under the weight of high prices.”

The party went on to reassure Nigerians that its presidential candidate was working on a blueprint that will “end sleazes, ensure appropriate pricing template and free resources to guarantee the availability of product on a national pricing regime.”

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