Adebayo Promises N200 Petrol, Gas, Aviation Fuel Within 12 Months

Amarachi Ihesiulo

September 7, 2026
3 min read
Adewole Adebayo

The presidential candidate of the Social Democratic Party (SDP), Adewole Adebayo, has promised to reduce the prices of petrol, cooking gas and aviation fuel to no more than N200 per litre within 12 months if elected president in 2027.

Adebayo made the pledge during the News Agency of Nigeria (NAN) Personality Interview Series in Abuja on Sunday, outlining a fuel pricing policy centred on increased domestic refining and a return to what he described as the original structure of Nigeria’s petroleum subsidy.

He said an SDP administration would revive existing government-owned refineries and create conditions for modular refineries to operate across the country, arguing that Nigeria could significantly reduce dependence on imported petroleum products by processing more crude locally.

According to him, Nigeria’s ageing refineries should not automatically be regarded as obsolete, noting that some refineries in the United States have remained operational for more than a century.

Adebayo also proposed reserving 450,000 barrels of crude oil for domestic consumption under his planned petroleum policy.

He said the government would refine the crude and sell other petroleum products, including naphtha, heavy fuel oil, diesel and kerosene, with proceeds used to support regulated prices for petrol, cooking gas and Jet A1.

“SDP will pick cooking gas, petrol and Jet A1; those three, we will put them under a regime where the price does not go past N200,” he said.

The SDP candidate described the prolonged debate over fuel subsidy as a distraction from what he identified as Nigeria’s more fundamental problem — inadequate domestic refining capacity.

He argued that Nigerians should not be forced to buy imported petroleum products at international prices when the country has crude oil resources and existing refining infrastructure that could be restored.

Adebayo further linked his proposed fuel policy to a broader plan to reduce the cost of transportation and other essential services.

He pledged to expand public transportation and rail services, proposing a system under which workers and students would access public transport through employment and student identification cards without making direct payments.

Under the proposal, employers would contribute six per cent of workers’ salaries towards transportation costs.

He also promised to limit housing expenses to seven per cent of workers’ salaries, while pledging free education and healthcare under an SDP government.

“The summary of it is that transportation costs cannot go more than six per cent of your salary and housing costs should not be more than seven per cent of your salary; education and healthcare should be free,” he said.

Adebayo added that agriculture and food security would remain priorities in his administration, with the aim of lowering food prices and easing the cost-of-living burden on households.

Meanwhile, the Independent National Electoral Commission (INEC) has warned political parties and candidates against abusive, inflammatory and inciting language as campaigns ahead of the 2027 general elections gather momentum.

Amarachi Ihesiulo

Ihesiulo Grace Amarachi is a Nigerian journalist, writer and media professional serving as the Editor-in-Chief of TheTraffic.NG, a digital news platform covering national and international affairs. Her editorial interests span politics, business, aviation, health, technology, entertainment, sports and social development. She is committed to credible journalism, insightful reporting and compelling storytelling that informs public discourse and keeps readers abreast of important developments in Nigeria, Africa and beyond.