It is on record that on May 2 this year, the federal
government, in the Petroleum Product Pricing
Regulatory Agency (PPPRA) Template released in
Abuja, told Nigerians that it was subsidising
petrol at N12.62 per litre.

“If as at May 2, petrol was being subsidised at
N12.62 per litre, and now that the subsidy of
N12.62 has been removed, what ought to have
been added to the N86.50 pump price should be
N12.62, which would have increased pump price
to N99.12 per litre.
“Increasing petrol pump price by N58.50 when the
federal government claimed it was subsidising the
product at N12.62 per litre is clear political 419,
which is aimed at further impoverishing Nigerians
as the government will be making profit of
N45.88 on each litre of petrol bought by
Nigerians.
How can any government with human feelings
attempt to make profit of N45.88 per litre on
Nigerians, who are no longer getting their salaries
regularly? How can Buhari and his party impose
another N45.88 per litre levy on Nigerians who
are already facing severe hardship?

This is wickedness!
In 2012 when the Peoples Democratic Party
(PDP) government of Dr Goodluck Jonathan
removed fuel subsidy and increased petrol price
to N141 per litre, crude oil was selling at $111
per barrel. How then can petrol price be increased
to N145 per litre when crude oil is now selling at
$40 per barrel.

The e-rats here said that they are enjoying the fuel price hike and the negative change.