The Peoples Democratic Party
(PDP) says its presidential candidate will reduce the cost of premium motor
spirit (PMS), popularly know as petrol to N87-N90 per litre.
In a statement by Kola
Ologbondiyan, spokesman of the Peoples Democratic Party (PDP) on Thursday, the
party said former vice-president Atiku Abubakar had consulted with
international players in the oil industry and found that the President
Muhammadu Buhari administration is fleecing Nigerians.
The PDP alleged that the cabals
within the Buhari government are diverting N58 on every litre of petrol sold.
“Our Presidential candidate,
Atiku, has worked out a pricing template that will immediately crash the pump
price of fuel in the country, since the Buhari-led APC administration, in its
insensitivity, has failed to do the needful in the last 3 years,” the PDP said.
“We completely reject the
Buhari-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
“Our Party is talking with top
international players in the oil and gas industry, and this engagement has
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 Buhari 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, while a cabal at the presidency
loot the funds”
“For every N145 paid for a liter
of fuel, the Buhari Presidency cabal diverts a hidden N58 which Nigerians have
continued to pay since the fuel price was increased from N87 to presumably
subsidized cost of N145.”
The PDP also asked the APC
government to account N3.49 trillion “stolen” under the subsidy regime.
“Apart from the N1.4 trillion
allegedly siphoned through sleazy oil subsidy deals, the Buhari-led FG is
burdened to account for the over N3.49 trillion stolen under the hidden N58 per
liter of fuel on over 50 million daily domestic consumption estimated in the
last three years,” PDP said.
“We urge Nigerians not to despair
as our Presidential candidate, Atiku, has already worked out 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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