Browsing: fuel price

According to the newspaper, the PPPRA Executive Secretary, Abdulkadir Saidu, said the retail price of petrol would henceforth be determined by demand and supply of the commodity and the international price of crude oil.

The Peoples Democratic Party has restated its call on the All Progressives Congress and its Federal Government to slash the pump price of fuel to reflect the prevalent slump in the cost of crude oil and petroleum products in the international market.

The Peoples Democratic Party has said that its Presidential candidate, Atiku Abubakar, had worked out a pricing template that could immediately crash the pump price of fuel in the country.

The authorities expressed their commitment to subsidy reform and indicated they were considering options, timing, and modalities of implementing these reforms in light of the decline in oil prices. Therefore, when we hear the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, talking about “price modulation” and the All Progressives Congress leadership talking about “thoughtful but decisive subsidy phase-out”, we should know that this policy is just a simple summary of an updated IMF policy