Fuel price hike: Atiku tackles FG, says price should have dropped if we truly deregulated

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A few says after he rejected electricity tariff hike, former Vice President and presidential candidate of the Peoples Democratic Party (PDP) in the last election, Atiku Abubakar, has frowned at the sudden increment in the pump price of petrol by the Nigerian government.

Atiku in a tweet on Tuesday said the hike in fuel price did not in any way support certain claims regarding deregulation in Nigeria.

Atiku said his view on the matter stemmed from his experience as a businessman “who is seeing things from an economic perspective.”

He argued that in the US and Europe, fuel prices were far lower than they were in 2019, adding that if Nigeria truly deregulated, then fuel prices should have dropped.

Petrol stations across the country increased the price of Premium Motor Spirit, popularly known as petrol, on Thursday, September 3.

The prices ranged from N155 to N162 per litre across the country observed.

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