{"id":29663,"date":"2020-09-08T13:40:09","date_gmt":"2020-09-08T13:40:09","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=29663"},"modified":"2020-09-08T13:40:09","modified_gmt":"2020-09-08T13:40:09","slug":"atiku-explains-why-price-of-fuel-should-have-dropped","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/atiku-explains-why-price-of-fuel-should-have-dropped","title":{"rendered":"Atiku explains why price of fuel should have dropped"},"content":{"rendered":"

Africa Press-Nigeria:<\/p>\n

Former presidential candidate of the Peoples Democratic Party, PDP, Atiku Abubakar, on Tuesday further expressed his disappointment on the sudden increment of the pump price of petrol by the Nigerian government.<\/p>\n

Atiku said the hike from an economic perspective was bad for Nigeria.<\/p>\n

Recall that the Nigerian government through the Petroleum Products Marketing Company (PPMC) had\u00a0announced a new ex-depot price<\/a>\u00a0of N151.56 for petrol.<\/p>\n

PPMC, which is a subsidiary of the Nigerian National Petroleum Corporation, NNPC, announced the new price in a statement signed by D.O Abalaka of the PPMC.<\/p>\n

\n
<\/div>\n<\/div>\n

Reacting to the increment, President Muhammadu Buhari had\u00a0blamed the COVID-19 pandemic for the hike.\u00a0<\/a><\/p>\n

The president had explained that the outbreak led to a downturn in Nigeria\u2019s finances, a situation that made it difficult to fund the country\u2019s budget.<\/p>\n

In a new tweet, the former Vice President wrote: \u201cI am a businessman. I look at things from an economic perspective. Questions beg for 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\u2019t fuel price have dropped?\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa Press-Nigeria: Former presidential candidate of the Peoples Democratic Party, PDP, Atiku Abubakar, on Tuesday further expressed his disappointment on the sudden increment of the pump price of petrol by the Nigerian government. Atiku said the hike from an economic perspective was bad for Nigeria. Recall that the Nigerian government through the Petroleum Products Marketing […]<\/p>\n","protected":false},"author":62,"featured_media":14396,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,16],"tags":[316,97,65],"class_list":["post-29663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-parties","tag-atiku","tag-buhari","tag-pdp"],"yoast_head":"\nAtiku explains why price of fuel should have dropped - Nigeria<\/title>\n<meta name=\"description\" content=\"Africa Press-Nigeria:Former presidential candidate of the Peoples Democratic Party, PDP, Atiku Abubakar, on Tuesday further expressed\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/atiku-explains-why-price-of-fuel-should-have-dropped\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atiku explains why price of fuel should have dropped\" \/>\n<meta property=\"og:description\" content=\"Africa Press-Nigeria:Former presidential candidate of the Peoples Democratic Party, PDP, Atiku Abubakar, on Tuesday further expressed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/atiku-explains-why-price-of-fuel-should-have-dropped\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-08T13:40:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/2019\/08\/Atiku-Abubakar-Photo-Credit-Channels-NewsAsia-1280x720.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/atiku-explains-why-price-of-fuel-should-have-dropped#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/atiku-explains-why-price-of-fuel-should-have-dropped\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"Atiku explains why price of fuel should have dropped\",\"datePublished\":\"2020-09-08T13:40:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/atiku-explains-why-price-of-fuel-should-have-dropped\"},\"wordCount\":205,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/atiku-explains-why-price-of-fuel-should-have-dropped#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/08\/Atiku-Abubakar-Photo-Credit-Channels-NewsAsia-1280x720.jpg\",\"keywords\":[\"Atiku\",\"Buhari\",\"PDP\"],\"articleSection\":[\"all news\",\"head lines\",\"Parties\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/atiku-explains-why-price-of-fuel-should-have-dropped#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/atiku-explains-why-price-of-fuel-should-have-dropped\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/atiku-explains-why-price-of-fuel-should-have-dropped\",\"name\":\"Atiku explains why price of fuel should have dropped - 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