ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL. (PHOTO). #PRESS RELEASE.

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 APC PRESIDENTIAL CAMPAIGN COUNCIL PRESS STATEMENT ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL At his press conference in Abuja on Friday, Alhaji Atiku Abubakar reiterated his proposed  “production subsidy” for locally refined petrol, which he said would reduce pump prices. He went further to ask President Bola Tinubu to slash the cost of diesel and petrol at the pump. That proposal raises important legal, fiscal and practical questions that he must answer. Section 205(1) of the Petroleum Industry Act 2021 provides that unrestricted free-market conditions shall determine wholesale and retail prices of petroleum products. The Nigerian Midstream and Downstream Petroleum Regulatory Authority, in a statement on Saturday, explained that it neither fixes pump prices nor issues administrative price templates, except where the statutory conditions for intervention are met. The PIA provisions guide its function.  At the moment, “No such market fail...
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IRAN: 194 DIED OF ALCOHOL POISONING AFTER FAKE CLAIMS IT CURES CORONA-VIRUS.{PHOTOS}.

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     Ahwaz University of Medical Sciences spokesman Ali Ehsanpour told the country’s official news agency IRNA that rumours on social media claiming alcohol could cure the coronavirus plays a big role in the deaths.
Iranian prosecutors announced 17 arrests as part of its investigation.
The sale and consumption of alcoholic beverages are prohibited among Muslims in Iran. Under Iranian law, those who produce, buy or sell alcohol can be sentenced to prison and receive lashes.
Health officials said Saturday the death toll in Iran is at 1,556 out of 20,600 cases. And 7,635 patients who were treated for the virus known as COVID-19 have been discharged from hospitals.
The virus, which emerged in Wuhan, China last December, has spread to at least 167 countries and regions around the globe, while the tally of confirmed cases more than 304,000, according to data compiled by U.S.-based Johns Hopkins University.
The global death toll is now approaching 13,000, causing a chain reaction as governments place countries on lockdown to stem the spread.
Italy, China, Iran, and Spain continue to be the most affected countries.
Despite the rising number of cases, a vast majority of those infected suffer mild symptoms and recover, with almost 92,000 patients having recovered.
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