BREAKING: FG Receives Fresh Warning Over Increase In Petrol Price

FG On Sunday Received Fresh Warning Over Increase In Petrol Price.

OnyxNews Nigeria reports that the Peoples Democratic Party has advised the Federal Government of Nigeria led by the All Progressives Congress against the further increase of petrol price in the country.

According to report by The Punch, the PDP said it is aware of discussions and consultation in the administration of APC geared towards a further increase in fuel price from N170 to a higher price.

The country’s major opposition party in a statement titled, ‘Don’t Ever Contemplate Another Fuel Price Increase, PDP Tells APC Administration,’ advised the APC administration to quit such idea.

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“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 statement said.

“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 litre 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 the cost of goods and services, which will worsen the current agonizing economic situation, where over 90 million citizens live in abject poverty, with an alarming 23% unemployment rate and many more living below N500 a day.

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

Also stated in the statement: “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 than their counterparts in Nigeria.

“It is therefore clear that the sordid increases in fuel price in Nigeria are products of nebulous indices coming from an incompetent and overtly corrupt APC administration under whose watch APC leaders had stolen over N15 trillion from our oil coffers and other national sources.

“Our party, therefore, rejects any contemplation towards fuel price increase but urges President Muhammadu Buhari to rather end the corruption in his administration, recover the stolen N15 trillion and seek help in evolving viable options for affordable price template, given our national production capacity and potentialities,” the statement read.