The Peoples Democratic Party (PDP) has asked the Federal Government to further reduce petrol pump price to N70 per litre.
The government had embarked on phased price reduction in the last few months -from N145 to N125 then N121 on Tuesday.
The party charged the government to immediately reduce the pump price to N70 per litre, to reflect the appropriate pricing template following the fall in the price of crude oil in the international market.
“The PDP completely rejects the N121 per litre price announced by the Federal Government, which has even remained unenforced”, it stated.
The main opposition party described the new price as announced by the government, as highly provocative and a further display of insensitivity to the plight of Nigerians, “particularly as they battle the social and economic impact of the COVID-19 pandemic”.
The PDP insisted that a N121 per litre price amounted to fleecing Nigerians of over N50 per litreof fuel.
“This is in continuation of the N55 per litre overcharge, which Nigerians had borne below the inappropriate N125 per liter, which prevailed for months, earlier than it was introduced down to N123.50 per litre, despite the crash within the worldwide price of crude oil.
“The PDP rejects the pointless price pinching and calls for that the Federal Government, ought to with out additional delay, implement the suitable price in addition to declare and account for the billions of naira accruable as overcharge for the reason that crash in crude oil price,” the get together stated.
The PDP stated failure to cut back the pump price to N70, in addition to the non-declaration of the alleged overcharge wouldn’t be acceptable to Nigerians, “because it solely factors to questions of corruption within the system”.
The get together insisted that the federal government had no justification to retain the pump price of fuel at over N70 per liter.
It challenged the administration to justify its actions by publishing the prevailing touchdown value, depot value, trucking value in addition to the retail outlet administrative value and present why the pump price needs to be above N70 per liter.
The get together urged the National Assembly to defend the curiosity of the folks by prevailing on the federal government to implement the suitable fuel pricing and account for the surplus expenses.