PETROL TO SELL AT N150/LITER-The Executive Secretary
of PPPRA, Farouk Ahmed.
There is a serious pressure on PPPRA and oil marketers to wait till after election before the hike up the price of
petroleum product. It is all just because of election that GEJ is not increasing the price of petrol now in the face of rising dollars.

Oil marketers are said to be losing billions of
naira buying dollars at a lesser price to import petrol only to buy back dollars at a margin they did not make on the product. Oil subsidy thieves are not ready to let go.

GEJ waited till after the last election before he gave us the new year present of petrol increase. He is going to do it again after this coming election. I don't see any new govt APC/KOWA party doing any increase because that will destroy their govt that has yet to have a foundation, but I see GEJ/PDP doing it because
they are on ground already.

AT N1= 155, PETROL WAS N87,landing cost of N74.35 per litre of PMS as at the close of business on Friday, January 16, 2014, the addition of distribution margin of N15.49 per litre would translate to an open market price, or pump price of N89.84 per litre.Govt still claim to subsidize N2.84 per liter, selling to public at N87.

NOW WITH DOLLARS AT 225, THE PETROL PRICE IS X,
WHAT IS X?
155 …….87
225……..X
BY CROSS MULTIPLICATION, 225*87 =155X
225*87/155= X
21825/155 =X
X = 140

With the speculative N250/dollars, you can be sure that
petrol price will be well over N160, Because logistics and other inputs will increase geometrically.

This is not a postulation, it is a fact. Stop GEJ before he
stop us from living. If he had fixed the refinery he promised the last time and stop stealing through subsidy, I don't see any reason why petrol should be more than N50/liter. Now there is petrol in the country but marketers are not willing to sell at a loss, that is why we are having scarcity. GEJ is seriously begging them to wait till after election, because any increase now will impact his success at the poll. He has given us N10 rebate/reduction, but will be getting back N70 after the election.

YOUR PVC IS YOUR POWER TO LIBERATE YOURSELF. GEJ IS GOING TO INCREASE FUEL PRICE AGAIN, ONLY
WAITING FOR THE ELECTION TO BE OVER.

That is 100% sure

NIGERIANS SINS AGAIN GOD AND DECIDED TO PUNISH THEM BY BRINGING GOODLUCK LET'S REPENT AND GOD WILL HAVE MERCY ON US.

propaganda.

By june...subsidy will be totally removed take it or leave it...

Gej must go now

Propaganda; in any case petrol is 100 naira a litre.

What's the assurance that same won't happen even if GMB wins? After all the article says the oil marketers are losing billions of naira. All does GMB have plans to cushion this loss of money? If there is what do you think it is?

kestolove95:
By june...subsidy will be totally removed take it or leave it...

Gej must go now

Do u want subsidy or not?

signz:


Do u want subsidy or not?

. Why will I. Want subsidy. Ma boss?...if gej go..no subsidy if he stays...den. we hv no option dan. To buy pms at #150

Trust that headless man at your own peril.

Front page pls, let nigerians kn why they must nt vote gej march 28.

Nigerians must resist every temptation to reelect Jonathan. Things must Change for the better. Sai Buhari.

Even if Buhari wins, the price will still go up. In fact for the good of Nigeria, subsidy has to go.