If we truly deregulated, shouldn't the price of fuel drop? -- Atiku Abubakar Poses Question To FG

                                    If we truly deregulated, shouldn't the price of fuel drop? -- Atiku Abubakar Poses Question To FG | GO247BLOG.COM

Former Vice President, Alhaji Atiku Abubakar, has posed a question to the Federal Government of Nigeria on the reported deregulation of the petroleum sector.

 

The Buhari's led administration hinged the decision for the recent increase in fuel pump prices to the deregulation of the petroleum sector and suspension of subsidies on petroleum products.

 

In a tweet posted this morning, Atiku, who was PDP Presidential candidate in the last general election, asked why the price of petrol isn't dropping since the government has embarked on deregulation. According to him, fuel prices in US and Europe are far lower than they were in 2019.

''I am a businessman. I look at things from an economic perspective. Questions beg 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’t fuel price have dropped?'' he tweeted

 

If we truly deregulated, shouldn

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