The national chairman of the All Progressives Congress, Comrade Adams Oshiomhole, has commended President Muhammadu Buhari for approving a reduction in the pump price of petrol from N145 to N125 per litre.
Oshiomhole through a statement by his media aide Simon Ebegbulem described the president’s decision proved that the Buhari-led APC government is progressive-minded. He said the petrol price reduction also shows that the Buhari administration is compassionate in its effort to align with the current global economic realities caused by the fall in crude oil prices.
“On behalf of the National Working Committee of our great party, the APC, I commend our dear President, Muhammadu Buhari, GCFR, on his decision, which received the approval of the Federal Executive Council (FEC), to reduce the pump price of petrol from N145 to N125 per litre,” he said.
Oshiomhole claimed the Buhari administration’s decision to reduce the petrol price after the crash in the oil prices is unprecedented, alleging that previous administrations did not take such action when oil prices crashed in the past.
“We doff our hat to all members of the President’s team in the FEC for thinking this decision through and quickly announcing it to palliate the burden that the crash would have had on Nigerians if this decision had not been taken to reduce fuel pump price to N125 per litre,” the APC national chairman said.