Donald Duke Aims for N300 Petrol Price if Elected President

Donald Duke, the former governor of Cross River State and presidential candidate of the Peoples Redemption Party, has promised to lower the price of petrol to approximately N300 per litre if he is elected president in the 2027 general election. During an appearance on Channels Television’s Morning Brief, Duke criticized President Bola Tinubu’s economic policies, particularly regarding the pricing of petroleum products.

He argued that domestic petrol prices should reflect production costs rather than international market prices, stating that the current subsidy regime is ineffective. Duke proposed that Nigeria should allocate a portion of its crude oil production for domestic consumption, allowing for cheaper prices at the pump.

He estimated the production cost of petrol to be around $30 to $45, significantly lower than current market prices. Duke emphasized that high petrol prices disproportionately affect low-income earners and stressed the need for a pricing strategy that supports Nigerian households.