A political observer Gbadebo Adeyemi has kicked against the federal government reintroduction of subsidy for premium motor spirit, known as petrol, through the back door, saying that it has no business in a deregulated market.

This comes on the heels of oil marketers pointing out that since the Federal Government had insisted that it would not increase the petrol price, it must then be subsidizing the commodity secretly, based on the prevalent exchange rate reality.

He noted that the Nigeria Governors' Forum who also pushed for subsidy removal should channel their energies toward getting licence as a state or region to own refineries as their allocations have increased.

Adeyemi however added his voice to the oil marketers, who called on the President to personally inspect Nigeria’s refineries and ensure that the facilities are revamped as the way forward.