PDP tells Buhari, Reduce pump price to N90

The Peoples Democratic Party on Sunday charged President, Muhammadu Buhari, to immediately reduce the pump price of premium motor spirit popularly called petrol from N125 per litre to a maximum of N90 per litre.

The Federal Government through the Minister of State for Petroleum Resources, Timipre Silva, had announced the reduction of the pump price hitherto sold between N143 and N145 to N125 per litre.

But the PDP National Publicity Secretary, Kola Ologbondiyan, in a statement said the arrangement fell short of expectations.

He said given the fall in the price of crude oil in the international market to below $30 per barrel, the appropriate domestic price for petrol should be between N80 and N90 per litre.

He explained that such a cost template should be immediately implemented to ease the economic burden on Nigerians and further serve as palliative for the impact of the COVID-19 pandemic.

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