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Thursday, October 7th, 2004 HOME | Previous Page U.S. oil prices lower than Nigeria’s, says NCP By Segun Adeleye Reporter, Abeokuta   Blaming the continuous increase in the prices of petroleum products in the country on the ineptitude of President Olusegun Obasanjo to nip bunkering in the bud, the National Conscience Party (NCP) has said that even in the United States, a petroleum consuming nation, fuel sells at lower prices than in Nigeria. The party, which vowed to align with civil rights groups and other progressive forces to ensure the success of the October 11 sit-at-home strike called by the Nigeria Labour Congress (NLC) over the latest hike in the price of petroleum products, said a litre of petrol in the U.S.  sells at approximately N44.5 after social security and unemployment benefits have been factored in. Addressing journalists in Sagamu on Tuesday, newly elected chairman of the party in Ogun State, Mr Benjamin Oguntayo, alleged that the masses were being misguided by the Obasanjo administration policy of deregulation. Claiming that the increase was calculated to make poor Nigerians poorer so that they could be bought over by politicians in 2007, he added that no other Organisation of Oil Exporting Countries (OPEC) sells oil for domestic consumption as high as Nigeria. “Petroleum is cheaper in all other oil producing countries, including Gaza that has been experiencing war since its creation. Yet, here in Nigeria, the President, who is the first to increase the price of oil in 1976 when he was Head of State, keeps punishing Nigerians for his ineptitude to nip bunkering in the bud. “The President deceives Nigerians, using the word deregulation. If deregulation would allow competition as the masses are being made to believe, why is it that the price of oil increases the same day throughout the nation with government directive? Oguntayo queried. Copyright� 2004. All Rights Reserved. Independent Newspapers Limited Block5, Plot 7D, Wempco Road, Ogba, P.M.B. 21777, Ikeja, Lagos State, Nigeria. www.independentng.com e-mail: [email protected] Designed By Powered By DNet.

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