PDP Demands Clarity on Tinubu's Petrol Price Intervention

The Lagos State chapter of the Peoples Democratic Party (PDP) has criticized the Federal Government's proposed 30-day petrol price intervention, led by President Bola Tinubu. The PDP is calling for transparency regarding crude oil pricing, the value of the intervention, and plans for sustaining relief after the program concludes.

The party's spokesman, Prince Christopher Odianarewo, questioned the proposed N1,350-per-litre ceiling on ex-gantry costs, seeking clarification on how this figure was determined and who would finance the intervention. The PDP demanded the publication of the exact per-litre value of the discount and the price at which Nigerian crude oil is supplied to local refineries.

Additionally, the party expressed concerns about the impact of dollar-denominated pricing on domestic fuel costs and the lack of protection for consumers after the intervention period. The PDP emphasized the need for sustainable relief, transparent pricing, and accountability rather than temporary measures with unclear financial implications.