The Peoples Democratic Party, PDP, is suggesting that the price of Petrol should not exceed N150 per litre in Nigeria, if the ruling All Progressives Congress devotes itself to transparent management of the country and expanding value chain in refining capacity.
The Party subsequently hit at the APC for looking on while the price of petrol rose from N534 to N617 per litre.
The National Publicity Secretary of the main opposition party, Debo Ologunagba, in a statement, described the new price as provocative and extortionate, adding that the recent increment worsened the already suffocating economic situation under the leadership of the APC.
“Even with the removal of subsidy on petroleum products, with a deft, transparent and innovative management of resources, economic potentials, national comparative advantage and expanded value chain in refining capacity, fuel should not sell for more than N150 per litre in Nigeria.”
According to the statement, the present dire situation comes as a consequence of APC’s insensitivity, seething corruption, scandalous cluelessness and lack of capacity to effectively steady and manage the nation’s economy.
