Accord Party presidential aspirant Gbenga Olawepo-Hashim has criticized the Federal Government's justification for high petrol prices, describing the fuel subsidy debate as 'accounting magic.' He argued on Channels Television's Politics Today that petrol could sell for about N605 per litre if the government reviewed its domestic crude pricing structure. Olawepo-Hashim cited data from the Nigerian National Petroleum Company Limited (NNPCL) indicating that producing a barrel of crude in Nigeria costs about $30, suggesting that current pump prices are inflated by government pricing policies.
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