Reduce Fuel Price To N90 Per Litre, PDP Urges FG

The Peoples Democratic Party (PDP), yesterday, described the N125 per litre for pump price of fuel as ‘cosmetic’.
PDP’s message was conveyed in a statement signed by its National Publicity Secretary, Kola Ologbondiyan, yesterday.
The party insisted that given the fall of the price of crude in the international market to below $30 per barrel, the appropriate domestic price for fuel should be between N80 to N90 per litre.
The party, however, charged President Muhammadu Buhari to immediately reduce the pump price of fuel from a ‘cosmetic’ price to an appropriate price that should not exceed N90 per litre.
PDP said the immediate reduction must be done immediately to ease the economic burden on Nigerians and further serve as a palliative for the impact of the COVID-19 pandemic.
The opposition party maintained that any further delay in the reduction of fuel price amounts to fleecing of Nigerians at a time government should rather concentrate on efforts that will immediately ease burdens and enable the citizens to battle health and economic concerns worsened by the Coronavirus disease.
However, the Nigerian National petroleum Corporation (NNPC) has urged Nigerians not to engage in panic buying of Premium Motor Spirit (PMS), as the country has adequate stock of the products to last for over 60-days.
The Group Managing Director of the corporation, Mr Mele Kyari, gave the assurance while briefing newsmen, yesterday in Abuja.
Kyari assured that the NNPC had the support of all stakeholders to ensure adequate supply of petroleum products in the country.
He said: “There is absolutely no scarcity anywhere; our supply is robust, we have fuel that will last this country even for 60-days if assuming we do not import any.
“Of course people because of the pandemic, stay at home, may try to conserve fuel, there is no need to do this.
“Maintain your normal life, we have secured all assurances that trucks will be moving freely across the country throughout this period of difficulty and supply will be sustained’’.
He appealed to Nigerians no to flood fuel stations as there was no need for that.