PDP Condemns Petrol Price Hike, Suggest New Price

Cat:

Related stories

All Joy As Omo-Agege Meets Old Classmates In Delta State

Commission Projects By Abiola Olawale The immediate-past Deputy President of...

How BRICS Stacks Up Against the G7 Economies

The BRICS sphere is growing, adding five new members and...

Thailand eases visa rules for professionals, wealthy foreigners

Thailand's cabinet this week approved changes to the nation’s...

Why Okunbor Can’t Be Witness In Edo Election Tribunal, EFCC Faults Ighodalo’s Claim

By Kolawole Ojebisi The Economic and Financial Crimes Commission (EFCC)has...

By Agency Report

The PDP made its stand known in a statement by its National Publicity Secretary, Debo Ologunagba, on Wednesday in Abuja.

“Our party insists that the N617 per litre of fuel is excessive, unacceptable and cannot be justified under any guise. This is especially given the economic potentials and prospects within our country,” he said.

Mr Ologunagba added that even with the removal of subsidy on petroleum products, the PDP maintained that fuel should not be sold for more than N150 per litre in Nigeria.

He said that with deft, transparent and innovative management of resources, economic potential national comparative advantage and expanded value chain in refining capacity, the price should not be more than N150.

Mr Ologunagba said the rising cost of fuel had worsened the economic conditions of Nigerians and charged the All Progressives Congress (APC) led administration to seek ways to stabilise and grow the economy.

The spokesperson also said the PDP was alarmed over the fall in the value of naira.

He explained that the situation had forced businesses and production to shut down, made citizens lose their jobs and crippled commercial and social activities.

According to him, millions of families can no longer afford their daily needs as food, medication, and other essential goods and services continue to skyrocket.

The PDP spokesperson said this was not the country that Nigerians yearned for.

He dismissed the argument of market forces and comparison of the price of fuel in Nigeria with other countries, saying the countries being mentioned have functional infrastructure, transportation systems and energy.

Mr Ologunagba added that the currencies of such countries were very strong while their citizens earned far higher than what obtains in Nigeria.

(NAN)

The New Diplomat
The New Diplomathttps://newdiplomatng.com/
At The New Diplomat, we stand for ethical journalism, press freedom, accountable Republic, and gender equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high-quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

Latest News
All Joy As Omo-Agege Meets Old Classmates In Delta StateHow BRICS Stacks Up Against the G7 EconomiesConcerns Mount As Report Ranks Nigeria Amongst Countries With Least Global Living Quality IndexThailand eases visa rules for professionals, wealthy foreignersWhy Okunbor Can't Be Witness In Edo Election Tribunal, EFCC Faults Ighodalo's ClaimGunshots: APC, PDP Bicker Over Disruption Of Edo Gov'ship TribunalFirst Bank Crisis: GHL Recounts How FBN’s Carelessness Almost Killed 93 on Operational Oil Rig (FULL STATEMENT ATTACHED)AG, Finance Commissioner Retained As Ondo Gov.Dissolves CabinetMax Amuchie, Rotarian and Sundiata Post CEO Earns Gulf American University's Honorary Science AwardAgain, Nigeria’s Inflation Rate Soars to 34.80% in December 2024South Korea's impeached president arrested after police march on his homeTributes to Comrade (Dr.) Segun Osoba at 90White House Deal: US Removes Cuba From Terrorism Sponsor ListCrisis Over Alaafin: You Are Liable for Prosecution Over Your Defamatory Acts-Oyo Kingmakers Lash MakindeNLC Chairman Reveals How Verification Exercise Exposed Over 2,000 Ghost Workers In Akwa-Ibom, Hails Gov Eno
X whatsapp