A faction of Peoples Democratic Party, PDP in Ogun State has lashed out to President Goodluck Jonathan over the deregulation of the petroleum sector describing the action as a demonstration of hatred for the masses.

In a press release signed by the factional Publicity Secretary of the party, Malik Ibitoye, the party said the government of the All Progressives Congress have continued to show arbitrariness in anti-people policies.

The party described as unthinkable, the decision of the government to deregulate the sector at a time when the country is going through economic hardship especially on oil.

The party said it was not surprised at the manner with which the price of the product was hiked adding that the decision has further demonstrated what PDP was saying during the electioneering campaign.

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It said the Federal Government, under President Buhari, has succumbed so cheaply to the pressure from the oil magnates in the country adding that it was beginning to doubt the ability of the President to rescue the nation from doldrums.

The statement read, “The fuel price increment is arbitrary, anti-people, anti-democratic, retrogressive and it must be condemned by all right thinking persons regardless of party affiliation.

“It is unthinkable that Buhari’s government would ever think of foisting increase in fuel pump price on Nigerians, who have been made to go through months of fuel scarcity and hyper-inflation in the last couple of months.

“We in the Ogun State chapter of the PDP are not surprised by what is being revealed daily by the government that promised to change the life of the people for the better; it only confirms what we said repeatedly before, during and after the last general elections in the country.

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“Indeed the Federal Government, under President Buhari, has succumbed so cheaply to the pressure from the oil magnates in the country.

“We are beginning to doubt the ability of President Muhammadu Buhari to rescue Nigeria from the doldrums because he has added more insult upon injury for Nigerians in a country where there is no electricity, no job, and no security.”

The party expressed fear that the price of the product might jump to over N200 in few months, throwing its weight behind Nigeria Labour Congress to resist the deregulation.

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“Our fears are that it would not stop at that as petrol price may go beyond N200 per litre in the next few months because we could see the marketers’ jubilations that they have won the battle.

“We want to agree with the Nigeria Labour Congress (NLC) that said in a statement that “the unilateral increase in prices of petroleum products today by government represents the height of insensitivity and impunity and shall be resisted by the NLC and its civil society allies.”

“With what the APC government has done, we only pray that Nigerians would not further be pushed to the precipice as it appears that we have indeed boarded a one chance bus with this apparently insensitive government,” the statement further read.