You bought at 87 with subsidy

To buy at 85 without subsidy

Great news!

OrlandoOwoh:

When Jonathan removed subsidy, was the price of PMS
increased or reduced?

The increment was in consonance with the prevailing global price at that time. There is no basis or justification for this N2 paltry reduction by Buhari.

anonimi:


Make una come see this bloody LIAR disciple of Alhaji LIE Mohammed
When did early January become two weeks to elections of March 28 or even Feb. 14
Moreover N10 reduction is not in the same league with N2 official price reduction at which NO ONE is buying
Plus the crude oil price has reduced heavily since January when Jonathan reduced pump price by N10.
So what is the EXCUSE of the dull, daft and dumb megida aka The CONFUSED One

2012-2014- Global oil price averaged $90 - Jonathan increased from 65-97(32), he could not give #2 difference in 3 years but gave a #10 difference TWO weeks before election and still owed oil marketers till the end of his tenure...

2015 - oil price price at below $40 and a #2 decrease

This fuvktard is here arguing date with me. Look at this moniker twice, NEVER quote the moniker again whether mistakenly or intentionally..

Mr. Dumdum who thinks he is smart but he's actually all about stupidity with his Garri-filled brain.

While we collect as much as 950 from bus conductors APC government is giving us 2 naira change.

Chai! Nigerians enjoy your proposed 2 naira change.

50 naira per liter will mk sense by nxt yr 2016....

so dat 500 naira account upgrade for unlimited free browsing using all networks via www.ictvpn.net will reduce.......

chukkiephil:
yea yea just like when you called him a thief for trying to remove subsidy!! is it not what Buhari is trying to do now? iranu

Do you have a brain problem or is it just the inability to comprehend?

[jonathan met it at 65 so bringing it to 87 from the 97 naira he took it to.uote author=OLADD post=41334745]

Jona reduced the PMS price from N97 to N87 but Lai Mohammed and APC cried blue murder. Today, while in govt, all APC-led administration could do was a N2 reduction! What a scam![/quote]

iblawi:


Lol

That matter pain Nigerians die.

New year for that matter, people vex for the man but I enjoyed the protest sha..
#Occupynigeria

Oya answer my kwestion nau...

shizzy7:

2012-2014- Global oil price averaged $90 - Jonathan increased from 65-97(32), he could not give #2 difference in 3 years but gave a #10 difference TWO weeks before election.

2015 - oil price price at below $40 and a #2 decrease

This fuvktard is here arguing date with me. Look at this moniker twice, NEVER quote the moniker again whether mistakenly or intentionally..

Mr. Dumdum who thinks he is smart but he's actually all about stupidity with his Garri-filled brain.

Lol

Abeg forget this biafra boys.

They can never appreciate good people.

ISpiksDaTroof:


Do you have a brain problem or is it just the inability to comprehend?

a mad man thinks Everybody is mad except himself, check yourself mate

shizzy7:
New year for that matter, people vex for the man but I enjoyed the protest sha..
#Occupynigeria

Oya answer my kwestion nau...

How will you get it? Am in Abj and you are in Ghana I guess.

iblawi:

How will you get it? Am in Abj and you are in Ghana I guess.

Ah aha ah
Yepa, Why Ghana?
You couldn't think of any place within Nigeria......
Its just a guess sha.

iblawi:

How will you get it? Am in Abj and you are in Ghana I guess.

Ah aha ah
Yepa, Why Ghana?
You couldn't think of any place within Nigeria......
Its just a guess sha.

I will send Dangote to abuja, so just drop it at the airport, he will deliver it to me. I trust him he's my boy :p :p

shizzy7:
Ah aha ah
Yepa, Why Ghana?
You couldn't think of any place within Nigeria......
Its just a guess sha.

I will send Dangote to abuja, so just drop it at the airport, he will deliver it to me. I trust him he's my boy :p :p

oh sorry I tot that was where you met some of those Ghanaian friends of yours. Am sorry.

OK no p.

Bawo ni ma se ba e so ro.

Not only enemies, very dull minds that rushing to comment on mere reading the headline of a particular news. The more you read their comments, the more u question the sancticity of their minds. What can one say about people who can not differeciate btw reduction in price without subcidy and reduction with subcidy being factored in. They are pathetic species of homosapien. They need prayers.

Qdubs:
Bad belle is allowed!!! Most of the comments na from enemies of Progress!

OLADD:


The increment was in consonance with the prevailing global price at that time. There is no basis or justification for this N2 paltry reduction by Buhari.

"Prevailing global price" is not a determinant of the amount PMS is sold locally. Countries fix their own prices. The US does belong to OPEC but produces oil, how does the "prevailing global price" affect the prices of petroleum products in the country?

OrlandoOwoh:

"Prevailing global price" is not a determinant of the amount PMS is sold locally. Countries fix their own prices. The US does belong to OPEC but produces oil, how does the "prevailing global price" affect the prices of petroleum products in the country?

Wrong. Nigeria's fuel price is determined to a large extent by international crude price simply because of our inability to refine locally. Don't forget that we have to export our crude for refined imported products. We would not be able to control our local price until all the refiners are made to work at optimal capacity. By then. we'll be able to adequately determine all the cost of production, distribution and marketing. That's it.

i have read thru many comment on this issue and I begin to ask myself why do we allow most of our views be coloured with sentimental judgement?
I won't decieve myself into believing that we should not criticizes this government. blind criticism although should be condemned.
This information should gear good response from the populace.. considering the following antecedent... the past government planned on removing subsidy which was suppose to increase fuel price to around 140naira or so, while it was at that time sold for 97naira. we thank God and well meaning Nigerians for aborting such plans.
from d information we obtain from d news above, we are looking at buying fuel for 85,86,87 naira even after the removal of subsidy...
if u ask me, this is more a tenable plan and very accommodating plan for the masses of this country.. this shlould ensure availability of this product in the market nd the price regulated by the government...
in as much as I want to agree that our government can do much better, however this to me is encouraging.

OLADD:


Wrong. Nigeria's fuel price is determined to a large extent by international crude price simply because of our inability to refine locally. Don't forget that we have to export our crude for refined imported products. We would not be able to control our local price until all the refiners are made to work at optimal capacity. By then. we'll be able to adequately determine all the cost of production, distribution and marketing. That's it.

Could you then give me the global price of PMS locally?

honeric01:
You bought at 87 with subsidy

To buy at 85 without subsidy

Great news!

No Man United vs Stoke on FP?? https://www.nairaland.com/2824426/stoke-city-vs-manchester-united

Lol..... The price obeyed Einstein law of Gravitation

OLADD:


Na force of gravity.

Amberon:
if our government is a sane one, then petrol shouldn't even sell above 30 naira. because crude oil is at its lowest price in the international presently. So naturally, a fall in the global oil price should also mean a fall in petrol for consumption. but our useless government with their corrupt ways won't adjust the price to this effect.

about last year, the U.S govt slashed the price of gas by a third the normal price because gas got cheaper. Our useless government should learn.

How much is naira to dollar?? Dummy.

Compound fool.... compare the price of petrol in Nigeria with that of other world's top crude oil exporters. dunce!! Even countries with zero drop of oil sell cheaper petrol.

koladebrainiac:


How much is naira to dollar?? Dummy.

a better comparison will b converting the prices to dallar
@#87 in January when dollar sells for #197, a liter sold for 87/197=0.44 dollars per litre.

now,
@85 and dollar sells for #260, a liter is actually been sold at 85/260=0.3 dollars per liter.


I think it's still a step-up

Infinitikoncept:

It was never removed, the modulation is different

Modulation: Amplitude or Frequency?

menxer:


Modulation: Amplitude or Frequency?

Your sarcasm is good. Google it cox my phone won't allow me post link in a quote

wristbangle:


$35

PMS is different from crude. SHM

Saurab:


PMS is different from crude. SHM

Check my analysis well.

I do know PMS is different from crude pls

" where I signed
up on it yesterday is that the price will be
far below N87."
- Kachikwu.

So N85 is far below N87?
Lord have mercy!

Saurab:

PMS is different from crude. SHM

My dear, it is SMH not SHM

etim20:
I believe u to be more educated than dis but to be frank, I am totally disappointed in u. In as much as u decide to toll opposition lane shouldn't make u to be a sadist. GEJ met PMS at N65 per litre,he hiked it to about N150 per litre when a barrel is sold at $120 or there about in the global oil market, which he was forced to reduced it to N97 and later N87 per litre and did nothing with his cannibal economic team when oil was sold at $45 per barrel, and now PMB inherited it with oil being sold at $45 per barrel and has rolled out plans to reduce the price in the first quarter of 2016 in which oil today is sold at $49 per barrel globally. Which means when we get to second and third quarter of 2016, PMS is likely to be sold below N40 per litre. Pls criticise and wail when and where necessary.

what iz dis one saying, are you listening to the news at all? Oil is been sold at 38dollars per barrel. Even IMF is saying that by 2016 it will fall to 20dollars per barrel when Iran resumes it's own exporting.

wristbangle:


Check my analysis well.

I do know PMS is different from crude pls

What analysis? I just what is the current average price of PMS around the world?