Fashola Tells FG To Bring Down Oil Price Immediately
Category: Lagos News
Governor of Lagos State, Babatunde Fashola has questioned the Federal Government’s reluctance to cut pump price of Premium Motor Spirit (Petrol) from N97 per litre following the fall in the global oil price.
The Governor said “We should be enjoying cheap fuel if the price of oil has dropped globally. And even as we import the product, a major component has reduced in price. While this has reduced, the
pump price of fuel in the country still remains the same. Then something is wrong. If the price increases in the country when the price of oil goes up globally, then it should also reduce when the price of oil drops.
“I understand that I am not an economist; they (Federal Government) are the economist. But I have some logic and common sense to ask critical questions. For instance, if one buys flour at N10 per kilogram, and the bread was sold at N1 per loaf, if the price of flour drops, the price of the bread should also change.”
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Governor of Lagos State, Babatunde Fashola has questioned the Federal Government’s reluctance to cut pump price of Premium Motor Spirit (Petrol) from N97 per litre following the fall in the global oil price.The Governor said “We should be enjoying cheap fuel if the price of oil has dropped globally. And even as we import the product, a major component has reduced in price. While this has reduced, the
pump price of fuel in the country still remains the same. Then something is wrong. If the price increases in the country when the price of oil goes up globally, then it should also reduce when the price of oil drops.
“I understand that I am not an economist; they (Federal Government) are the economist. But I have some logic and common sense to ask critical questions. For instance, if one buys flour at N10 per kilogram, and the bread was sold at N1 per loaf, if the price of flour drops, the price of the bread should also change.”
You can also send your articles and stories to admin@ackcity.net
Be Our Fan On Facebook
Follow Us @ACKCITY On Twitter
Get updates as they come via;
BB: 2924A048 BB Channel Pin: C00352CD2
WhatsApp: +2348034463786
Advertise: Call: +2348088538618, E-mail: admin@ackcity.net
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