olapluto:

I think it is very fraudulent. Oil prices have dropped to what it was 6 years ago. I think it is time Nigerians asked for the subsidy payments to stop.
Jonathan is very desperate now and wont mind giving his wife to Bode George if it will guarantee votes.

FastShipping:
It should be 65 Naira.

Jonathan only reduced it by about $0.07. Meanwhile, it has reduced by average of $1.80 in the U.S and other countries in the last two months.

simplemach:
i wonder when grown ups like you will start thinking straight and not like a sick dog. What then will u say about the global drop in oil price, is it the Nigerian elections?

olapluto:

I think it is very fraudulent. Oil prices have dropped to what it was 6 years ago. I think it is time Nigerians asked for the subsidy payments to stop.
Jonathan is very desperate now and wont mind giving his wife to Bode George if it will guarantee votes.

mikeansy:


Is the pump price in US equivalent to that of naija?

Collynzo9:

You were buying subsidized fuel at N65 years ago.
I believe this N87 price is without subsidy.

Caseless:
feeb, sharrap!

focus7:
Election inducement I guess, to be raised to 150naira after the re-eletion right.

olapluto:

You will implicate GEJ seriously if you make this pronouncement. GEJ will have to account for trillions of Naira from this hour.

Collynzo9:

You think they have been spending the same 2012 - early 2014 amount on subsidy all this while?
The amount spent kept reducing with crude oil price until it got to this point.

Zuria:
Filling stations would effect this new pump price in 2weeks time

olapluto:

You are making this up? No proof!

hombre:
Compare the percentage reduction in the price of PMS with the percentage reduction in the price of crude oil.One can but conclude that this is just a pure scam.
Haba!
U people should fear God na....
Hope they won't still tell us the PMS is still being heavily subsidized o.
What about AGO and DPK?
Are they not by-products of crude oil?
God help Nigeria...

Collynzo9:

Crude oil prices haven't fallen up to that extent.

major466:

You don't expect petroleum markers who bought their products before the announcement sell at the new price rate.

mikeansy:


How can they reduce at the same rate when we export crude and import pms?

hombre:


Bro this is simple. Factor in the transportation costs per barrel of refined products. And make other deductions,it still doesn't add up. Ok let's assume that the handling costs increases by a percentage that is not too high. The percentage reduction on crude price is high na. From an average of 100 to 46. Bros do the mathematics na....
Pls this is not rocket science Oº°˚˚°º .