Oshiomhole, APC Chairman, was against subsidy withdrawal – Atiku

Former Vice President of Nigeria, Mr Atiku Abubakar has said that the government of former President Olusegun Obasanjo started the phased subsidy withdrawal and that the then Nigerian Labour Congresses (NLC) Chiarman, foremer governor of Edo State and current All Progressives Congress national chairman Mr. Adams Oshiomhole stood strongly against the subsidy removal.

Atiku in a tweet reacting to the Petroleum Products Pricing Regulatory Agency (PPPRA) removal of the cap on the price of Premium Motor Spirit (PMS) also known as petrol said that ‘The Obasanjo government in which I served commenced a phased subsidy withdrawal. I was tasked with negotiating with then NLC Chairman and current APC Chairman who stood strongly against it.’

Market forces to determine price of petrol – PPPRA

The PPPRA said. in a document released in Abuja on Thursday entitled, ‘’Market Based Pricing Regime for Premium Motor Spirit (PMS) Regulations, 2020’’., henceforth, the price of PMS would be determined by market forces.

It said that it would continue to monitor trends in the crude oil market and advise the Nigerian National Petroleum Corporation and oil marketers on monthly guiding price for the commodity.

“The price of Premium Motor Spirit (PMS) advised by the agency shall be guiding retail price at which the product shall be sold across the country.

“The regulations may be cited as the Premium Motor Spirit (PMS) Market Based Pricing Regime Regulations, 2020, made this 20th day of March, 2020,”