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Fuel Pricing: FG Stealing From Nigerians, APC Alleges - Politics - Nairaland

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Fuel Pricing: FG Stealing From Nigerians, APC Alleges by Emytexboy(m): 1:00pm On Jan 13, 2015
The All Progressives Congress (APC) Presidential Campaign Council (APCPCC) has accused the government of President Goodluck Jonathan of stealing from Nigerians following the refusal of the government to reduce fuel pump price in line with the continued fall in crude oil price.

The APC, in a statement by the Director of Media and Publicity of the campaign organisation, Garba Shehu, said the government is expected to go in line with happenings in the oil sector in the international market and allow Nigerians enjoy the benefits of the crash in oil price.

The Directorate of Media and Publicity of the APC 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 per barrel.

The current situation, the APC said, was a mere move by the government to please some moneybags who are probably friends of the Presidency.

Giving examples of countries that have cut the prices of fuel in line with the drop in global oil prices, the APC said countries like South Africa, Zambia, Tanzania and Kenya have done so, as it asked the government to take a cue from them.

“The current attempt by the government to deregulate the prices of some petroleum products has been completely compromised to satisfy few moneybags to the detriment of the Nigerian people and the economy.

“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.

“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?

“For the Nigerian consumers, unfortunately the collapse of crude oil price since October 2014 has not translated into any change in diesel, kerosene and PMS prices across the country.”http:///L9ZV0FM8Aq
Re: Fuel Pricing: FG Stealing From Nigerians, APC Alleges by Baba419(m): 1:20pm On Jan 13, 2015
This child crying out for the device hope you can use it when it's put in your hand?
Re: Fuel Pricing: FG Stealing From Nigerians, APC Alleges by TCD: 1:43pm On Jan 13, 2015
Its simple logic if crude oil drops , fuel price should also drop to some extent. Price remains constant in nigeria, govt claims they are subsidizing fuel so whose pocket does the excess go to ?

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