Donald Duke Aims to Cut Petrol Prices to ₦300 if Elected

Donald Duke, the former Governor of Cross River State and the presidential candidate for the Peoples Redemption Party (PRP) in the 2027 election, announced his intention to reduce petrol prices to ₦300 per litre if elected. In an interview on Channels Television’s Morning Brief, Duke criticized the current fuel subsidy regime, labeling it a scam.

He argued that petrol prices should reflect production costs rather than international market prices, stating that the production cost is approximately $45, while local consumers are charged over $100. Duke emphasized the burden high petrol prices place on Nigerians, particularly low-income earners, noting that the basic minimum wage is ₦70,000, which is insufficient for basic needs.

He proposed allocating part of Nigeria's crude oil production for domestic consumption, suggesting that 600,000 barrels could be reserved for local use, with the remainder sold internationally.