Connect with us


NEWS

If we truly deregulated, shouldn’t the price of fuel drop?- Atiku Abubakar questions FG

Published

on

Atiku will contest for presidency in 2023 - Son topnaija.ng

After he recently blast FG over a hike in petrol price, Former Vice President, Atiku Abubakar, questions the Federal government on the reported deregulation of the petroleum sector.

The Federal government hinged the decision for the recent increase in fuel pump prices to the deregulation of the petroleum sector and suspension of subsidies on petroleum products.

In a tweet posted this morning, Atiku asked why the price of petrol isn’t dropping since the government has embarked on deregulation. According to him, fuel prices in US and Europe are far lower than they were in 2019.

”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?” he tweeted

Trending