Former Vice President, Atiku Abubakar has expressed his disappointment with the sudden increment of the pump price of petrol by the Nigerian government.
Recall that some days ago, the former Presidential candidate of the Peoples Democratic Party (PDP) labeled the recent hike in petrol as a wrongly timed move.
Recall that the Nigerian government through the Petroleum Products Marketing Company (PPMC) had announced a new ex-depot price of N151.56 for petrol.
In a new reaction, the former Vice President queried the reason fr the hike in price of petrol if indeed the oil sector has been deregulated.
See his sector below:
I am a businessman. I look at things from an economic perspective. Questions beg answers. The price of crude is down from where it was in 2019. In the US and Europe, fuel prices are far lower than they were in 2019. If we truly deregulated, shouldn’t fuel price have dropped?
— Atiku Abubakar (@atiku) September 8, 2020