It is ridiculous that people are jubilating because price of fuel dropped by N2 - PENGASSAN boss blasts Nigerians, FG
- The Petroleum and Natural Gas Senior Staff Association of Nigeria has expressed shock that Nigerians are celebrating because the price of fuel has dropped by only 2 naira
- The PENGASSAN chairman for Port Harcourt zone, Azubuike M. Azubuike, compared the price of oil in the international market against the recent reduction, and challenged the federal government to make more significant changes
- He called on the government to pass the Petroleum Industry Bill, stating that that would make more impact in the lives of Nigerians
The reduction of the price of premium motor spirit by N2, has been described as ‘ridiculous’, by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Punch reports.
During a telephone interview, Mr. Azubuike M. Azubuike, Chairman, PENGASSAN, Port-Harcourt zone, expressed shock that some Nigerians were celebrating over the fact that the price of fuel had dropped by only N2.
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NAIJ.com gathers that he challenged the federal government to pass the Petroleum Industry Bill (PIB), instead of making such insignificant reductions.
He stated: “If there is any word like ridiculous, yes, the reduction of the price of petrol by N2 is ridiculous.
“How much is crude oil in the international market? Why is it that people are jubilating over the removal of N2 from the pump price of petrol?
“There are a lot of things that government can do that will make people to be happy.
“For instance, there is no investment in oil and gas due to the non-passage of PIB into law.
“If government should pass the PIB into law, there would a lot of investments in the oil and gas industry and people can get jobs directly and indirectly.
“That is what we want government to do. Nothing can be more ridiculous than removing N2 from the price of petrol and people are jubilating. It is not worth it, and how many filling stations are selling at that new price?
“Reduction by N2 is insignificant and has no economic importance as far as I am concerned.”
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Recall that NAIJ.com previously reported that the strategic intervention in the supply and distribution of petroleum products by the Nigerian National Petroleum Corporation (NNPC), led to a significant reduction in the prices of petrol, and cooking gas nationwide.
Ndu Ughamadu, the group general manager, public affairs division of the NNPC in a statement on Sunday, September 3, said a national survey by oil and gas forum, NNPC’s weekly TV programme, indicated that in the last few weeks, the price of petrol has fallen steadily from N145 per litre to between N142 and N143 per litre in some stations across the country.
Watch this NAIJ.com TV video of Nigerians reacting to the news of reduction of fuel price