Donald Duke Promises N300 Petrol Price if Elected in 2027

Donald Duke, the former Governor of Cross River State and presidential candidate for the Peoples Redemption Party, announced his plan to reduce petrol prices to approximately N300 per litre if he is elected president in 2027. During an appearance on Channels Television’s Morning Brief, Duke criticized the current subsidy framework, labeling it unsustainable and asserting that Nigerians should not pay international market prices for locally produced crude oil.

He stated that the cost of producing and refining petroleum for domestic use is significantly lower than the international prices, proposing a pricing model based on actual production costs rather than international benchmarks. Duke highlighted the economic hardship caused by high petrol prices, particularly affecting low-income households.

He suggested that his administration would allocate a portion of crude oil production for domestic consumption to stabilize prices, while the remainder could be sold internationally. Duke's target price of N300 per litre aims to alleviate the financial burden on Nigerians.