Categories

November 29, 2020

My News on Point

Daily News Update From Top News Blog Around The World | Your News on The Go

New Fuel Price: PDP tackles Buhari

2 min read

The Peoples Democratic Party (PDP) has urged President Muhammadu Buhari to reverse the increase in the pump price of fuel which increased from N159 to N170 per liter.
The party in a statement issued by its National Publicity Secretary, Kola Ologbondiyan, on Friday in Abuja, rejected the increase describing it as unbearable to Nigerians.

Mr Ologbondiyan said it was also unacceptable given the prevailing economic crunch already confronting Nigerians.

He said that the PDP insisted that the increase in the pump price would worsen the already “suffocating economic” situation in the country.

He added that such hike would be an additional log tied on the economic neck of Nigerians.

Mr Ologbondiyan said the government has no justification to increase the cost of fuel to anything above N100 per liter, let alone N170.

He said that there is no such justification when there are practical options to maintain affordable price given Nigeria’s production capacity and potentialities.

Mr Ologbondiyan decried the continuous increase in the pump price of fuel.

He added that the government is yet to come clean on the parameters being used for the hike in prices vis-a-vis Nigeria’s production, export and accruing revenue.

He said that energy officials have withheld the facts regarding the status and volume of oil production, sales and accruing revenue.
.
This, according to Mr Ologbondiyan, was in addition to government’s inability to fix our refineries and end crude oil theft.

He added that fraud in the management of the country’s oil resources is responsible for the high costs and hardship being suffered by millions of Nigerians who could barely afford their meals and basic necessities of life.

He called on President Muhammadu Buhari to take steps in fulfilment of his campaign promise to revamp Nigeria refineries, while urging him to get more competent hands to run the oil sector.

(NAN)

Dangote adbanner 728x90_2 (1)




PT Mag Campaign AD




Source link

Facebook Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow Us
  • Contribute to MyNewsonPoint - Register to become an author to contribute with your knowledge.
  • Send breaking news, releases, photos or videos of happenings around the world Us via
Live Updates COVID-19 CASES
  • World 62,823,924
    World
    Confirmed: 62,823,924
    Active: 17,957,933
    Recovered: 43,403,513
    Death: 1,462,478
  • USA 13,624,648
    USA
    Confirmed: 13,624,648
    Active: 5,309,294
    Recovered: 8,043,020
    Death: 272,334
  • UK 1,617,327
    UK
    Confirmed: 1,617,327
    Active: 1,559,082
    Recovered: ?
    Death: 58,245
  • Italy 1,585,178
    Italy
    Confirmed: 1,585,178
    Active: 795,771
    Recovered: 734,503
    Death: 54,904
  • Nigeria 67,330
    Nigeria
    Confirmed: 67,330
    Active: 3,340
    Recovered: 62,819
    Death: 1,171
  • Ghana 51,476
    Ghana
    Confirmed: 51,476
    Active: 795
    Recovered: 50,358
    Death: 323
//stawhoph.com/afu.php?zoneid=3682068