Petrol at N1,470/litre: Where are the subsidy savings? Atiku questions FG
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Former Vice President and ADC presidential candidate, Atiku Abubakar has questioned why petrol is being sold to Nigerians at N1,470 per litre.
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| Petrol at N1,470/litre: Where are the subsidy savings? Atiku questions FG |
In a statement by his spokesperson, Phrank Shaibu, Atiku said the increase in fuel prices had further worsened the cost-of-living burden on Nigerians.
He noted that every increase in the fuel pump price directly impacts the budgets of households across the country.
He said, “Petrol at N1,470 per litre is not merely a figure at the filling station. It enters the price of transportation, food, school runs, farming, manufacturing and virtually everything Nigerians buy. Every increase at the pump travels directly into the household budget.
“After all the pain imposed on Nigerians, they have a right to ask: where are the subsidy savings and where is the money?”
The ADC presidential candidate added;
“With crude oil around $102.52 per barrel, Nigerians are paying as much as N1,470 per litre. In 2008, when crude oil reached about $147 per barrel, petrol sold at N65 per litre under the Yar’Adua administration. The difference is that government then understood that economic policy must ultimately protect the welfare of citizens,” he stressed.
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