The main opposition party, the People’s Democratic Party (PDP) has assured Nigerians that its presidential candidate, Alhaji Atiku Abubakar, has worked out a pricing template that would immediately crash the pump price of petrol in the country, ThisDay report.
Atiku’s move, the party said, was to ameliorate the sufferings of the common man, which it said had been imposed by three and a half years of the President Muhammadu Buhari-led All Progressives Congress (APC) administration.
The party also warned the national leader of the ruling party, Senator Bola Tinubu, over what it called his unguarded comments about its candidate, said in a statement by its National Publicity Secretary, Mr. Kola Ologbondiyan, said with the current price of crude oil in the international market, the Buhari administration had no justification to keep the pump price of petrol at N145 per litre and watch Nigerians groan under the weight of high prices.
The PDP alleged that for every N145 paid for a litre of fuel, a cabal at the presidency diverted a hidden N58, which Nigerians had continued to pay since the fuel price was increased from N87 to presumably subsidised cost of N145.
The party said it had been in high level talks with top international players in the oil and gas industry, adding that its engagements had shown that the appropriate pump price of fuel in the Nigerian market, under the current subsidy regimes of the APC administration should be within the borders of N87 to N90 per litre.