From this morning, the pump price of petrol has been cut down from N97 to N87 per litre. The Federal Government announced the decision on Sunday evening, directing the Petroleum Product Price Regulatory Agency (PPPRA) to immediately effect the change “with immediate effect.” Main opposition party, the All Progressives Congress (APC) described the decision as an action by a sinking government which is desperate to worm itself into the hearts of Nigerians after treating them with disdain for a long time.
The APC position was, however, faulted by Presidential spokesman, Dr Reuben Abati who said that the opposition party is being petty and illiterate about the running of government.
The change in price, according to the government, is in view of recent reduction in the global price of crude oil. The Minister of Petroleum, Dieziani Alison-Madueke, spoke with State House Correspondents on the rationale for the price reduction.
APC’s National Publicity Secretary, Alhaji Lai Mohammed told Daily Times that the government was desperate to hoodwink Nigerians ahead of the forthcoming elections. He expressed disappointment that even with that “desperate act,” the government could not go the whole hog in reducing the prices more “because they are corrupt.”
According to him, world oil prices have come down than more than 100 per cent, hence the reduction by the government ought to have been reduced by more than 50 percent and not the mere N10.00 reduction.
He described it as a gimmick and dishonest method of worming their way into the minds of long suffering Nigerians who are fed up with them Abati faulted the APC reaction, saying that the decision was a logical development in view of the sharp reduction in global fuel prices. He told the Daily Times: “It’s a no-brainer. It is only the petty minds in the APC that will always read politics into every national issue. The Federal Government took the decision in line with the development in the global oil market. We will continue to observe the situation and react appropriately.”
The APC position was, however, faulted by Presidential spokesman, Dr Reuben Abati who said that the opposition party is being petty and illiterate about the running of government.
The change in price, according to the government, is in view of recent reduction in the global price of crude oil. The Minister of Petroleum, Dieziani Alison-Madueke, spoke with State House Correspondents on the rationale for the price reduction.
APC’s National Publicity Secretary, Alhaji Lai Mohammed told Daily Times that the government was desperate to hoodwink Nigerians ahead of the forthcoming elections. He expressed disappointment that even with that “desperate act,” the government could not go the whole hog in reducing the prices more “because they are corrupt.”
According to him, world oil prices have come down than more than 100 per cent, hence the reduction by the government ought to have been reduced by more than 50 percent and not the mere N10.00 reduction.
He described it as a gimmick and dishonest method of worming their way into the minds of long suffering Nigerians who are fed up with them Abati faulted the APC reaction, saying that the decision was a logical development in view of the sharp reduction in global fuel prices. He told the Daily Times: “It’s a no-brainer. It is only the petty minds in the APC that will always read politics into every national issue. The Federal Government took the decision in line with the development in the global oil market. We will continue to observe the situation and react appropriately.”
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