The Lagos State chapter of the Peoples Democratic Party (PDP) has called on the Federal Government to disclose details of its proposed 30-day petrol price intervention, demanding transparency on crude oil pricing, the value of the discount and plans to sustain relief after the programme expires.
The party also questioned the proposed N1,350-per-litre ceiling on ex-gantry or landing costs, asking the Government to explain how the figure was calculated and who would bear the cost of the intervention.
The party’s spokesman, Prince Christopher Odianarewo, made the call on Thursday while criticising the fuel pricing measures announced by the President Bola Tinubu-led administration.
The party said the Government’s announcement that the Nigerian National Petroleum Company Limited (NNPC) would sell petrol at cost for 30 days, alongside plans for forward crude oil sales to domestic refineries, required further clarification.
It demanded the publication of the exact per-litre value of the proposed discount, the price at which Nigerian crude oil was being supplied to local refineries, and the calculations underpinning the proposed N1,350 ceiling.
The party also asked the Federal Government to explain what measures would be introduced to protect consumers when the 30-day intervention ended.
“The Lagos PDP demands to know: What is the exact value of the discount, who is financing it, and what happens after the 30 days?” the statement said.
The opposition party further questioned why Nigerian consumers remained exposed to international dollar-denominated pricing and foreign exchange fluctuations despite the country’s domestic crude oil production and refining capacity.
It argued that the pricing of locally produced crude oil and refined petroleum products required greater transparency, particularly as the reported adoption of dollar-based petrol pricing by the Dangote Refinery had intensified concerns about the impact of exchange rate movements on domestic fuel costs.
The party said Nigerians should not have to contend with pricing arrangements that expose their purchasing power to dollar-linked benchmarks without a clear explanation of the cost structure.
It called on the Federal Government to publish the actual price of Nigerian crude supplied to domestic refineries and explain how that price influenced the final cost of petrol sold to consumers.
According to the party, Nigerians need sustainable relief, transparent pricing and accountability rather than temporary interventions whose financial implications remain unclear.
It urged the Government to provide details of who would finance the discount, the parties expected to benefit from the arrangement and the extent to which consumers would enjoy lower pump prices.