Donald Duke Promises N300 Petrol Price If Elected

Donald Duke, the former governor and the Peoples Redemption Party (PRP) presidential candidate for the 2027 elections, stated he would aim to reduce petrol prices to around N300 per litre if he wins the presidency. During an appearance on Channels Television's Morning Brief on October 7, Duke criticized President Bola Tinubu's management of the petroleum sector, arguing that selling petrol at international market prices is unfair to low-income earners.

He described the current subsidy framework as deceptive and emphasized that local consumption should be priced based on production costs rather than global market rates. Duke proposed separating Nigeria's crude oil output into two streams: one for domestic use and another for export, suggesting an allocation of 600,000 barrels per day for local consumption.

He noted that Nigeria produces an average of 1.68 million barrels of crude oil daily and consumes approximately 60.2 million litres of petrol each day. Duke's pricing model aims to alleviate the financial burden of fuel costs on Nigerians and is a central aspect of his economic agenda for the upcoming elections.