Browsing: fuel price

The Assistant Inspector General of Police in charge of Zone 2 Police Command, Onikan, Lagos State, Mohammed Ali Ari, has charged the Commissioners of Police in charge of Lagos and Ogun States to ensure adequate and water-tight security within their jurisdictions ahead of the planned strike and protest over the hardship following petrol subsidy removal.

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 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