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Fuel to sell for N40 per litre, Tam David-West clears the air

Tam David-West has denied saying Buhari will crash price of petrol to N40 – David-West said at no time did he ever make such com­ment stressing that he was misquoted by the media – He said he only canvassed that some 14 items currently listed in the petrol pricing template be re­moved as that would help crash pet­rol price to N40.

David-West said some of the 14 items included, Petroleum Equal­ization Fund (PEF) charges, trans­porters margin, lithering expenses among other charges, currently con­tained in the pricing template tend to increase the cost of petrol. ‘‘I signed the contract for the re­finery in Port Harcourt in 1985. And I can tell you that there is nothing wrong with our refineries. But the is­sue is just that some people bent on sabotaging the efforts of government are frustrating plans to ensure that the refineries produce at optimal ca­pacity. David-West equally berated proponents of the co-locating of re­fineries, arguing that such idea was a waste of resources.

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