Politics

Blame PDP Past Officials Who Stole Subsidy Loot-APC Tells Nigerians Over Fuel Price Hike

Vanessa Okwara

The ruling party, APC has reacted to the petrol price increase in the country by blaming PDP and past governments for the situation.
The ruling party was reacting to the PDP’s statement where the opposition party criticised the Buhari administration for increasing the petrol price per litre and the electricity tariff in the country.
The APC said successive PDP governments had foisted on the country a corruption-tainted fuel subsidy regime, which is now affecting the present government.
Part of the statement signed by the party’s acting spokesman, Yekini Nabena, reads: “We call on the PDP to surprise itself and indeed Nigerians by cajoling its cronies who ran the subsidy rackets — many of them in hiding abroad — to return our stolen commonwealth in their possession. “Under the President Muhammadu Buhari administration, the tortuous fuel queues as a result of biting scarcities are gone. The reviewed petroleum products pricing template has resulted in a more transparent, efficient and realistic pricing system for petroleum products and also resulted in constant availability of fuel nationwide. “The pricing template now reflects competitive and market-driven components which are supported by the citizenry. “Commendably, the federal government is already working to ensure that Electricity Distribution Companies (DISCOs) commit to increasing the number of hours of electricity supply every day and also improve on their quality of service. “Perhaps the PDP is also unaware, that the current administration has approved a one-year waiver of import levy on electricity meters so that Nigerians who do not have meters can be supplied as early as possible at a reasonable cost.”
It was earlier reported that Pipelines and Product Marketing Company announced that the price of premium motor spirit popularly known as petrol has been increased to N151.56 per litre. The development comes barely five months after the commodity was reduced to N123 per litre by the federal government.

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