Gov Fayose Questions Slash of Petrol Pump Price to N85/Litre

Buhari-Fayose (2)

Nigeria – Ekiti state governor, Ayo Fayose has described the Federal Government’s announced reduction of petrol pump price from N87 to N85 per litre as a continuation of APC’s governance by deceit.

“Even secondary school students of economics know that you cannot deregulate and regulate at the same time,” he said in a statement released on Saturday.

“Even now that the price is N87 and subsidy is yet to be removed, Nigerians are buying at between N130 and N300 per litre. What will now happen when they remove subsidy and allow market forces to determine the price?” he asked.

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