The Peoples Democratic Party, PDP has warned the Buhari-led Federal Government against any attempt to increase fuel price in the country.
A statement by the Peoples Democratic Party, PDP National Publicity Secretary, Kola Ologbondiyan in Abuja on Saturday, lamented that Nigerians were already faced with economic hardship following the November 2020 increase in the price of petroleum to N170 per litre, adding that further hike in fuel price would worsen the situation.
He said that Nigerians might not survive a further hike with its attendant increase in cost of goods and services.
“This will worsen the current economic situation, where over 90 million citizens live in abject poverty, with an alarming 23 per cent unemployment rate and many more living below N500 a day,” he said.
He said there was no justification in comparing Nigeria’s pump price with those of other countries whose citizens have better purchasing power.
“With a N30, 000 monthly minimum wage, which represents N1,000 daily wage, compared to countries like Saudi Arabia with a monthly minimum wage of 3,000 Riyals; a daily pay of100 Riyals (N10,161).
“There is no foundation to base fuel price in Nigeria with that of Saudi Arabian where citizens earn ten times higher.
“Our party, therefore, rejects any contemplation towards fuel price increase,” he said.