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.

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

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