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FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash - Politics (2) - Nairaland

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Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices / FG May Reduce Minimum Tax Rate Next Year / Coronavirus: FG May Reduce 2020 Budget By ₦1 Trillion (2) (3) (4)

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Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by holicupp(m): 7:48am On Mar 14, 2020
nonsense news
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by BrickDevo: 7:48am On Mar 14, 2020
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1 Like

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by dollarsplenty(m): 7:49am On Mar 14, 2020
The reality of our crude oil's failure to be sold forced FG to make this necessity
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by GOFRONT(m): 7:49am On Mar 14, 2020
It is like our Oil has tested positive to Corona Virus..

2 Likes

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by femmy2010(m): 7:50am On Mar 14, 2020
okpalaAnambra:
Law of demand and supply rarely work in Nigeria if not the FG isn't even supposed to determine this..I mean it should naturally take care of itself
NIGERIA IS A ZOO AND THERE'S NOTHING ANYONE CAN DO TO HELP IT

SPLIT THIS COUNTRY ZOOGERIA NOW!

Slowpokes calling his Country a ZOO when you have no other.

God bless my Country,NIGERIA

2 Likes

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by Okoroawusa: 7:52am On Mar 14, 2020
I Love PMB.

This govt has really done well in reducing the effects of this Coronavirus pandemic on Nigeria and Nigerians both health wise n economy wise.

How long they are able to hold it together is left to be seen but for now....they are doing well
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by osato45: 7:52am On Mar 14, 2020
I don't think they would remove it because, marketers would start hoarding when they speculate government wants to increase pms price again
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by ayoyonet(m): 7:53am On Mar 14, 2020
We're waiting
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by oldman112(m): 7:53am On Mar 14, 2020
And same government wants to ban generator, we that don't have car and hardly cook what are we going to use it for. Nigeria needs a stick.

1 Like

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by Perfecttouchade: 7:54am On Mar 14, 2020
They are buying time so that oil price will regain strength and there won't be need to reduce price anymore cheesy

4 Likes

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by somehow: 7:54am On Mar 14, 2020
okpalaAnambra:
Law of demand and supply rarely work in Nigeria if not the FG isn't even supposed to determine this..I mean it should naturally take care of itself
NIGERIA IS A ZOO AND THERE'S NOTHING ANYONE CAN DO TO HELP IT

SPLIT THIS COUNTRY ZOOGERIA NOW!
which animal breed are you in the zoo?
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by Viiictor10(m): 7:55am On Mar 14, 2020
If not for the useless government we have Nigeria shouldbbe able to stand,,, what a zoo

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by berrystunn(m): 7:57am On Mar 14, 2020
okpalaAnambra:
Law of demand and supply rarely work in Nigeria if not the FG isn't even supposed to determine this..I mean it should naturally take care of itself
NIGERIA IS A ZOO AND THERE'S NOTHING ANYONE CAN DO TO HELP IT

SPLIT THIS COUNTRY ZOOGERIA NOW!

Is that all you need ?
Do you have a Nigeria passport anywhere around you?
Split it into 3 ,
See if you can fly with it.
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by Bluffly: 7:59am On Mar 14, 2020
okpalaAnambra:
Law of demand and supply rarely work in Nigeria if not the FG isn't even supposed to determine this..I mean it should naturally take care of itself
NIGERIA IS A ZOO AND THERE'S NOTHING ANYONE CAN DO TO HELP IT

SPLIT THIS COUNTRY ZOOGERIA NOW!
Some products are essential and if left for the forces of market to determine, the greedy nature of Nigerian businesses won't even allow market forces to come to play as mostly whatever goes up never come down. In the law of Demand and Supply there are exceptional cases as well.

1 Like

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by DavidEsq(m): 8:00am On Mar 14, 2020
emeijeh:
The price should have been lowered, but the demons inside these APC chihuahuas will resist it.

"Na Kyari dey run things "


See this guy still dey wait o....he never realize say na SCAM!!!

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by StaffofOrayan(m): 8:02am On Mar 14, 2020
Bros
Educational budget is low for a reason
It is understandable if the North doesn't understand this simple logic, but the south?




Babatunde40:
The fraud in this government is scary. What do you have to discuss? Will government still be paying subsidy with the massive drop in oil price?

Let me explain: An item sells for N15 but people can pay only N10. Government subsidies that stuff by paying the N5 difference to enable people pay the N10 they can afford. Now, the price of that item has dropped to N7. Imagine the government still allows the people to continue to pay N10 and the same government claims it's still paying the N5 subsidy.

To who is the government paying the N5 since the price is now N7? Even the extra N3 extra charge, who takes it? Is the price not supposed to drop automatically to N7?

With this example, can you see the massive fraud in this useless government

4 Likes

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by StaffofOrayan(m): 8:03am On Mar 14, 2020
Bluffly:

Some products are essential and if left for the forces of market to determine, the greedy nature of Nigerian businesses won't even allow market forces to come to play as mostly whatever goes up never come down. In the law of Demand and Supply there are exceptional cases as well.

Example of such products
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by dbtt: 8:12am On Mar 14, 2020
I reside in Canada and immediately the crash, retail oil price drop immediately. You don't mull over things like that.

In Nigeria, any thing that goes up rarely come down.

5 Likes 1 Share

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by valentineuwakwe(m): 8:15am On Mar 14, 2020
story story...this can never happen in nigeria where nothing comes down.......we will be surprise they will come up with something else to say they cant bring the price down....maybe coronavirus has affected depot or tanker dirvers!
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by Bluffly: 8:16am On Mar 14, 2020
StaffofOrayan:


Example of such products
Example is still the petrol as the Nigerian Economy/Environment has made it essential. It has effects on Transportation then goods and services. The cost of Petrol pump price can either improve the quality of living or reduce it.
It is essential because we have one major means of transport which is by road both public and private and for the conveyance of goods and services. It is essential because at the moment Nigerians use it to provide themselves electricity as the Nigerian government has failed in making electricity readily available. Small businesses rely on it as well
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by bigpicture001: 8:17am On Mar 14, 2020
...FG will only b stupid to reduce price of petroleum in Nigeria...

It is actually a bitter- sweet phenomenon
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by bigpicture001: 8:19am On Mar 14, 2020
dbtt:
I reside in Canada and immediately the crash, retail oil price drop immediately. You don't mull over things like that.

In Nigeria, any thing that goes up rarely come down.

Our situation an theirs is totally different...

They run market economy on petroleum,we run regulated price ceiling cuz of poverty in our land
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by Wettoid123: 8:21am On Mar 14, 2020
It is long overdue now for the reduction of price just that things are not working in fhis country.

1 Like

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by Kingspin(m): 8:26am On Mar 14, 2020
Oil price goes up and comes down globally almost every month.

Only in Nigeria oil price is fixed like Zuma oil.

1 Like

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by StaffofOrayan(m): 8:35am On Mar 14, 2020
Nigeria is not the only country in the world with this conundrum
Yet they reduced fuel prices at the pump.
If the world price of cocoa crashes, it only makes sense that chocolate gets cheaper in every chocolate shop, even in Switzerland with a "chocolate economy"

It's really not that complicated.

Bluffly:

Example is still the petrol as the Nigerian Economy/Environment has made it essential. It has effects on Transportation then goods and services. The cost of Petrol pump price can either improve the quality of living or reduce it.
It is essential because we have one major means of transport which is by road both public and private and for the conveyance of goods and services. It is essential because at the moment Nigerians use it to provide themselves electricity as the Nigerian government has failed in making electricity readily available. Small businesses rely on it as well

5 Likes 1 Share

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by Mendelssohn(m): 8:38am On Mar 14, 2020
okpalaAnambra:
Law of demand and supply rarely work in Nigeria if not the FG isn't even supposed to determine this..I mean it should naturally take care of itself
NIGERIA IS A ZOO AND THERE'S NOTHING ANYONE CAN DO TO HELP IT

SPLIT THIS COUNTRY ZOOGERIA NOW!

Move to wuhan if you're this frustrated oga.
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by Bluffly: 8:39am On Mar 14, 2020
StaffofOrayan:
Nigeria is not the only country in the world with this conundrum
Yet they reduced fuel prices at the pump.
If the world price of cocoa crashes, it only makes sense that chocolate gets cheaper in every chocolate shop, even in Switzerland with a "chocolate economy"

It's really not that complicated.

Actually if you look at those countries, most people are indoors, events cancelled, businesses closed, commitments postponed or suspended. Demand Fallen.
But here people are just going about there businesses as they believe the pandemic isn't for a black man.

Also remember that Nigeria as a people and economy is weird
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by Brymofundzz: 8:45am On Mar 14, 2020
grin grin
Sholaco:
Reduce the price after all...you promised a litre to be #40....
grin
Sholaco:
Reduce the price after all...you promised a litre to be #40....
Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by StaffofOrayan(m): 8:47am On Mar 14, 2020
You are only making excuses for unnecessary wickedness on the part of the gov't.

I won't be surprised if Nigeria actually increases fuel prices.

Nigeria is 'weird' because her citizens accepts it all, most times even makes excuses for wickedness

Bluffly:

Actually if you look at those countries, most people are indoors, events cancelled, businesses closed, commitments postponed or suspended. Demand Fallen.
But here people are just going about there businesses as they believe the pandemic isn't for a black man.

Also remember that Nigeria as a people and economy is weird

3 Likes 1 Share

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by Brymofundzz: 8:48am On Mar 14, 2020
Babatunde40:
The fraud in this government is scary. What do you have to discuss? Will government still be paying subsidy with the massive drop in oil price?

Let me explain: An item sells for N15 but people can pay only N10. Government subsidies that stuff by paying the N5 difference to enable people pay the N10 they can afford. Now, the price of that item has dropped to N7. Imagine the government still allows the people to continue to pay N10 and the same government claims it's still paying the N5 subsidy.

To who is the government paying the N5 since the price is now N7? Even the extra N3 extra charge, who takes it? Is the price not supposed to drop automatically to N7?

With this example, can you see the massive fraud in this useless government
kudos

1 Like

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by WinkWrld: 8:48am On Mar 14, 2020
It will be reduced first week in April.
Saudi Arabia already promised to flood the market with crude. So our crude wont be valued

1 Like

Re: FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash by Nobody: 8:52am On Mar 14, 2020
The negativity is getting too toxic. There is no news that some people will not find domething to gripe over. People should contribute constructively or shut up.

When did Nigerians become this entitled and whiney?

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