PDP Condemns APC’s N617/Litre Fuel Price Hike, Calls It Provocative
The Peoples Democratic Party (PDP) has strongly criticized the current pump price of N617 per litre for petrol, labeling it as both extortionist and a deliberate provocation by the All Progressives Congress (APC) against the Nigerian people.
In a statement issued by the National Publicity Secretary of the PDP, Hon. Debo Ologunagba, in Abuja, the party accused the ruling APC of displaying extreme insensitivity and callousness towards Nigerians. The PDP argued that the new subsidy regime, which seemingly has the endorsement of the APC-led administration, is exacerbating an already dire economic situation.
Ologunagba stated, “The Party cautions that the increase is worsening the already suffocating economic situation under the APC and has the capability of triggering a very serious crisis in the country if not abated.”
The PDP expressed its dismay that instead of seeking ways to stabilize and grow the economy, the APC administration has neglected the welfare of Nigerians, which is the primary purpose of the government as stated in Section 14 (2)(b) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended). The party accused the government of leaving the citizens at the mercy of market forces and exploitative cabals, demonstrating a lack of accountability.
The PDP expressed alarm over the poorly planned and hastily executed policies of the APC, which it believes are driving Nigeria’s economy towards ruin. The party highlighted the rapidly declining value of the naira, the closure of businesses and production facilities, loss of livelihoods, and the skyrocketing costs of essential goods and services. The PDP attributed this dire situation to the APC’s insensitivity, corruption, cluelessness, and inability to effectively manage the nation’s economy.
The PDP rejected the APC’s argument that the fuel price hike is justified by market forces and comparisons with prices in other countries. The party argued that the N617 per litre price is excessive and unacceptable, considering Nigeria’s economic potential and prospects. The PDP maintained that even with the removal of subsidy on petroleum products, transparent and innovative management of resources, tapping into economic potentials and national comparative advantages, and expanding the value chain in refining capacity, fuel should not be sold for more than N150 per litre in Nigeria.
