By Emmanuel Aziken

South-South caucus of All Progressives Congress, APC, has endorsed the deregulation of petrol prices and urged Nigerians across board to be patient with government towards achieving the overall objective of the policy.

National Vice-Chairman, South-South of the party, Prince Hilliard Eta, in a statement with all six state chairmen of the party in the zone, said it had become apparent that the subsidy regime was no longer tenable and was only being enjoyed by a few individuals in the country.

“The subsidy was intended as a palliative by government to cushion the effect of the relatively high cost of petrol and related products. However, in a bizarre twist, most of the people involved in the importation, distribution and marketing of petroleum products blatantly indulge in underhand practices to create a never ending artificial scarcity which shot prices very high as recently experienced in the country.”