PDP: Don’t Think Of Another Petrol Price Hike

The Peoples Democratic Party (PDP) has cautioned the All Progressives Congress (APC) and its government to perish any thoughts of further petrol price hike in the country.

The PDP said it was aware of ongoing plans by officials to effect an increase in the price of petrol from N170 per liter, a price it claimed is even unbearable for the majority of Nigerians.

“Our party cautions the APC to immediately perish such contemplations as it would amount to pushing the already impoverished Nigerians to the wall; a situation that might result in public restiveness and acerbation of agitations in the land,” the PDP said in a statement issued by its national Publicity Secretary, Kola Ologbodinyan.

“The party laments that Nigerians are groaning heavily under the weight of economic hardship and high costs occasioned by the unjustified increase in the price of fuel to an unbearable N170 per liter last November, adding that any new hike might become the last straw that can break the camel’s back.

“This is because there is no way our compatriots can survive a further fuel price increase with its attendant increase in cost of goods and services, which will worsen the current agonizing economic situation, where over 90 million citizen live in abject poverty, with an alarming 23% unemployment rate and many more living below N500 a day.

“The PDP restates that the APC and its administration have no justification ever to increase fuel prices to even above N100 per liter, when there are practical options available to maintain affordable price template, given our national production capacity and potentialities.

In telling the administration not to contemplate another petrol price hike, the PDP said: “Our party condemns the bizarre attempt by the APC administration to compare our domestic fuel price to those of other countries where their governments are sincere and working hard in running productive economies that boost purchasing power of citizens.

“With an official N30,000 federal monthly minimum wage, which represents a N1,000 daily wage, compared to a country like Saudi Arabia with monthly 3,000 Riyals; a daily 100 Riyals (N10,161) there is no foundation to base fuel price in Nigeria to that of Saudi Arabian where citizens earn ten times higher that their counterparts in Nigeria.”

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