inept and deceitful government # they are exploiting the poor to pay for their flamboyant lifestyle # there is God oo#
WITH the newly adopted modulation model for the pricing of petroleum products nationwide, government has ‘stylishly’ deregulated the downstream sector.
In the new pricing model, Premium Motor Spirit (PMS), otherwise known as petrol, is sold at N86.50, kerosene at N83 and diesel at 74.99 per litre at filling stations.
From all indications, government is believed to be making a profit of N3.83 per litre of PMS, but the Petroleum Products Pricing Regulatory Agency (PPPRA) regard what is perceived as profit as ‘over-recovery.’
Over the years, government has been selling the idea of fuel subsidy removal to Nigerians, communicating how immensely beneficial the measure would be for everyone.
It argued that savings from not paying subsidy could be channeled to the provision and improvement of infrastructure such as roads, schools and hospitals, among others.
In the last few years, subsidy debate has polarised the country. Envisioned as a people-oriented policy to help reduce the price of fuel for Nigerians, it has become a cash cow for the cabal involved in PMS importation.
#AkwaIbom
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