The All Progressives Congress Presidential Campaign
Council (APCPCC) has called on the Peoples
Democratic Party (PDP) led Federal Government to
stop stealing from Nigerians and allow them to enjoy
the relief that has come to consumers of petroleum
products globally.
Buhari's rally at Owerri today
A statement from the Directorate of Media and
Publicity of the party’s presidential campaign said it
was disturbing that in spite of the fall in the global
price of crude oil, Nigerians still buy petroleum
products at pump prices as if the global price of
crude oil had remained at $100 (USD) per barrel.
“The price of diesel which has been deregulated since
2009 still sells at the pump price of N150 and N170
per litre, the same pump price when the international
benchmark per barrel of crude was over $100,” it
said, calculating that Nigerians are being short-
changed by about N50 to N70 on every litre of diesel
sold by government. “Now that the international
benchmark has dropped to $47.5 (USD) per barrel as
at Monday, we ask: where is the deregulation and the
relief which it ought to bring to local consumers of
diesel?”
The Presidential Campaign Council drew attention to
such African countries as South Africa, Zambia,
Tanzania and Kenya where governments have cut the
pump prices of petroleum products to reflect the
changes in the global oil market, and questioned why
Nigeria has not done the same. It described anything
short of that as a fraud that Nigerians should take
note of.
"As for PMS (petrol) the only product the government
agrees as regulated at N97 per litre, the irony is that
it does not even cost much as in the United States, a
country that was importing oil from Nigeria until
recently,” the statement said.
The APC campaign further pointed out that even the
current federal budget is still heavy on subsidy, with
an allocation of N458.68 billion, a scheme that, it
stressed, has become a conduit pipe over the years
for which the children of ruling party leaders have
been feeding.
70 on every litre of diesel sold by government.
“The implication of this is that with average
consumption of about 12 to 15 million litres,
Nigerians are currently extorted of amounts between
N600 Million to N1 Billion daily due to corruption-
induced poor regulatory oversight of the Ministry of
Petroleum Resources. No wonder some few industry
players are smiling to the banks and buying private
jets while small scale industrialists who buy diesel on
daily basis for power generation and transportation
find it difficult to break-even with their businesses.
“Similarly on Kerosene, information available on the
website of the PPPRA puts the Open Market Price at
N114.71 per litre although the market price is
anything above N150 per litre when the global price
for a barrel of crude oil was $65 (USD). Now that
international price of crude is at $47.5 (USD) per
barrel, why are Nigerians still buying kerosene per
litre at the same price? Why are Nigerians not
benefitting from the global shortfall in the prices of
crude by having a cut in the pump prices of
petroleum products?
“We are aware that there are examples in other
African countries where governments have cut the
pump prices of petroleum products to reflect the
changes in the global oil market. Countries like South
Africa, Zambia, Tanzania and Kenya have announced
cuts in pump prices of petroleum products, why can’t
the Nigerian government do same?
“Given the failure of government to do the right thing
by announcing a cut in the pump prices of these
products, we are compelled to draw the conclusion
that the federal government is short-changing
Nigerians ostensibly to fund the campaign of the PDP
presidential candidate.
“The APC Presidential Campaign challenges the
federal government to make explanations on why
Nigerians cannot benefit pricing reliefs on petroleum
products as occasioned by the fall in the global price
of crude oil. Anything should of this is a fraud and
Nigerians should take note.
"As for PMS (petrol) the only product the government
agrees as regulated at N97 per litre, the irony is that
it does not even cost much as in the United States, a
country that was importing oil from Nigeria until
recently.
"Moreover, even the current budget is still heavy on
subsidy with an allocation of N458.68 billion, a
scheme that has become a conduit pipe over the
years for which the children of ruling party leaders
have been feeding.
Source:saharareporters.com/2015/01/12/stop-stealing-nigerians-buhari-tells-pdp

G

Kk

Sincerely I no read am finish, its too long my brother! Ogini its like a Novel Walai but wetyn u dey try talk be say Buhari say make PDP stop stealing abi?? I don understand that way better lol


SAI BUHARI

G
E
J
..........
F
O
R..........PRESIDENT!!!!

ME AM TIRE OF THIS STEALING FROM THIS PDP ABEG

Jona to otueke next month

Campaign talk

Stealing is not Corruption - mr Gej

Yessir! Please throw looters into jail. Then of course, Tinubu can take over affairs by proxy
#Change my yansh!

Fuel Price will definitely be reviews downwards when APC gets there. Let Jonathan keep stealing, he will be called to explain that.

and simplyleo must hear this
Cc imhotep iceberg3 blackking98 Afonjaconehead Afamed helinues

LZAA:

and simplyleo must hear this
Cc imhotep iceberg3 blackking98 Afonjaconehead Afamed helinues

And Abacha never stole

egift:
Fuel Price will definitely be reviews downwards when APC gets there. Let Jonathan keep stealing, he will be called to explain that.

Definitely...........................how far?

Akuko

This aged well Arrewa and helineus, how una dey

Lol... This thread

egift:
Fuel Price will definitely be reviews downwards when APC gets there. Let Jonathan keep stealing, he will be called to explain that.

how far?

Buhari is stupid and too slow

balash:
Kk

Sincerely I no read am finish, its too long my brother! Ogini its like a Novel Walai but wetyn u dey try talk be say Buhari say make PDP stop stealing abi?? I don understand that way better lol


SAI BUHARI

How market

If only we can rewind the hands of time

egift:
Fuel Price will definitely be reviews downwards when APC gets there. Let Jonathan keep stealing, he will be called to explain that.

how about now.