PDP Reacts to the Proposed Reduction of Oil Pump Price

What is PDP's reaction on the proposed reduction of oil pump price?

PDP National Publicity Secretary, Chief Olisa Metuh noted that besides its deceptive element, the reduction in the N87per litre pump price to N86 and N86.50 per litre for the retail outlets of the NNPC and retail outlets of private business concerns respectively offered too little to cheer.

What are the reactions of the people on the proposed reduction of oil pump price to N86.50?

Managing Director, Highcap Securities Limited, Mr. David Adonri, called it discordant tunes from government. Saying that about a week ago, comment by Minister of Finance that fuel subsidy will gradually disappear starting with increase to N97 per litre was widely reported. Now government was saying price will reduce by 50 kobo in January. We join issues with him and ask, which do we follow?

Olisemeka Ojieh, Managing Director, MD, Petrocarbon Engineering Limited, said reduction was insignificant.

Billy Harry, President, Coalition of South-South Chambers of Commerce, Industry, Mines and Agricultur

e, FOSSCCIMA posited that the reduction was a welcome development

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