Observant:
No more N45 for PMS, wasn't that the estimate of this administration? Did they suddenly forget the mathematics.
From my calculation the government is making North of N15 per litre on the current price with the subsidy now totally gone.

Too sad the 15 million useful idiotic walking dead that brought us to this junction remain oblivious whilst roaming in search of the remnant of GEJ of attack.


So innocent Nigerians should applauded him for negligence of common Street men

Observant:
No more N45 for PMS, wasn't that the estimate of this administration? Did they suddenly forget the mathematics.
From my calculation the government is making North of N15 per litre on the current price with the subsidy now totally gone.

Too sad the 15 million useful idiotic walking dead that brought us to this junction remain oblivious whilst roaming in search of the remnant of GEJ of attack.

efilefun:
Sure-P under BUHARI laiye!!! I could remember PTF under Buhari, everybody felt the goodies of that project, only people who are blind from the truth will dispute this. There are some schools still having PTF buildings, I could remember getting free textbooks and co from PTF, tell me how many people felt the effect of sure -P?? It was just another avenue to siphone public funds.

MabraO:
Children without sense re just too much in this section

And is it that Nigeria is cursed with prople that don't want anything good in this country?
U buying petrol #86.50 yet some people re still complaining
Dem swear for una?

aspabay:
Laziness is a cancker worm.

efilefun:
Sure-P under BUHARI laiye!!! I could remember PTF under Buhari, everybody felt the goodies of that project, only people who are blind from the truth will dispute this. There are some schools still having PTF buildings, I could remember getting free textbooks and co from PTF, tell me how many people felt the effect of sure -P?? It was just another avenue to siphone public funds.

Akainzo:
Canada is an oil producing country, with numerous local refineries, the price of PMS is:

1. @CBN Rate of 200/$: 172/ltr
2. @Aboki Rate of 300/$: 258/ltr.

We must be doing something in Nigeria to sell it at 86.50/ltr.

kay29000:
True. I can remember my school getting hundreds of lockers with PTF on it back in the mid 90s.

efilefun:
Sure-P under BUHARI laiye!!! I could remember PTF under Buhari, everybody felt the goodies of that project, only people who are blind from the truth will dispute this. There are some schools still having PTF buildings, I could remember getting free textbooks and co from PTF, tell me how many people felt the effect of sure -P?? It was just another avenue to siphone public funds.

anonimi:



What is the MINIMUM wage in Canada?
What is the MINIMUM wage in our country

Why compare apples and oranges?

Chimezie250:
Market forces to determine price of fuel, Nigerians are not ready for it now, if it's allow within one month all those marketer's will create artificial scarcity, then the price will increase

JayJohnson:



Ineffectual buffoon wailer!
Cry me a river!!
Buffoons are liable to die young!!!
Wailers are liable to die young!!!!

Observant:


I would have been highly disappointed if one of you walkers didn't write the above quoted.
Walking Useful Idiotic Zombie, keep looking for GEJ and Wailers. The heartbreak of realizing and accepting that you have been scam most be excruciating.

Take heart in ur Zombie walk now that you are totally lost.

Observant:


I would have been highly disappointed if one of you walkers didn't write the above quoted.
Walking Useful Idiotic Zombie, keep looking for GEJ and Wailers. The heartbreak of realizing and accepting that you have been scam most be excruciating.

Take heart in ur Zombie walk now that you are totally lost.

grandstar:
Economic ignorance litters this srticle.

In a fully deregulated market, government does not fix a price. People sell at any price they deem fit. For instance, the price of food stuff is fully deregulated. The government does not fix the price of garri or tomato.

At a fixed price of 86.50, the price is fixed so it is not deregulated!

Also a subsidy still exist because the petrol is imported at the official exchange rate of 197. If the naira is devalued to its true rate of 230-240. the price of petrol will shoot up by 20% which raise the price close to 100naira

The price of diesel is fully deregulated. That is why the price is much higher than petrol. There is no fixed price. The benefit is that supply is abundant and scarcity super rare.

The same should be done for petrol and kerosene

grandstar:
Economic ignorance litters this srticle.

In a fully deregulated market, government does not fix a price. People sell at any price they deem fit. For instance, the price of food stuff is fully deregulated. The government does not fix the price of garri or tomato.

At a fixed price of 86.50, the price is fixed so it is not deregulated!

Also a subsidy still exist because the petrol is imported at the official exchange rate of 197. If the naira is devalued to its true rate of 230-240. the price of petrol will shoot up by 20% which raise the price close to 100naira

The price of diesel is fully deregulated. That is why the price is much higher than petrol. There is no fixed price. The benefit is that supply is abundant and scarcity super rare.

The same should be done for petrol and kerosene

cutetopsey:
Am optimistic that before the end of Buhari adminstration, the price of PMS will come down to #3.00 since Nigeria is the biggest producer of oil in Africa and yet it was gathered that the same fuel that sells for N86.50 per litre (without payment of subsidy) in Nigeria goes for between N4 and N5 in Venezuela and N22 in Libya......


Therefore, we couldn't expect less from our government....and we are not asking for too much......we must sell below other countries since we are the giant of Africa.


BTW, You can now successfully get rid of excess body fats, check my signature for more details.

sweetgala:


Such an idea can only work in a society where some business ethics exist and a solid regulatory system is in place to punish any deviation. In many countries the world over the government sets the price of petrol and diesel and allow for an offset plus or minus a limited percentage. The natural competition causes the companies to find how to reduce cost.

In Nigeria the marketers and stake holders would have an agreement to make artificial scarcity and increat the price if left to their imaginations