Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,156,803 members, 7,831,613 topics. Date: Friday, 17 May 2024 at 10:21 PM

FG To Reduce Petrol Price To ₦130 From ₦145 - Politics (5) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG To Reduce Petrol Price To ₦130 From ₦145 (46951 Views)

Local Refining Will Reduce Petrol Price By N70/ltr – Marketers / NNPC: Subsidy Removal To Reduce Petrol Consumption By 30% / FG To Reduce Petrol Pump Price From ₦125 To ₦123.5 Per Litre (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Keemsleek005(m): 4:53pm On Mar 18, 2020
Officialgarri:

I'm tired of wailers. On one thread, many said why hasn't the fuel price been reduced. The president is clueless and wants to loot, so he wouldn't reduce the price .

Now, just look at the comment of the guy above.

And here we go. An opposing opinion from same wailers.


[img]https://i./3Q9I.gif[/img]

I just screamed now the same people were insulting the goverment for not reducing the pump price, now theres a remour its going to happen see another twist from them. Men am tired of people in these country. I think they should reduce it more lol . maybe 100 naira if that is possible make we hear word small from the so called intelligent people that know economy more than the economy team.
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by anonimi: 4:54pm On Mar 18, 2020
mvem:
that's not the reason for the oil reduction...less demand due to less consumers and industrial activities had lead to reduction in Oil price.

Barawo bubu will fix the price again.


www.nairaland.com/attachments/2015650_image_jpeg9f360c5ab7736510df54c882e9dbf188

1 Like

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by BreconHills(m): 4:54pm On Mar 18, 2020
kazak:
i think the petroleum price should be reduced to as much as half of the price. a 10% price increase will not be enough to make the needed impact on the local economy of the average Nigerian

the price of petroleum products in the country is extremely critical to the going concern of any individual in the country. if the price is reduced, the average cost of expenditure will automatically reduce

Even though it may not translate to instant, deflation, but at least it will stabilize it.



Deflation is much worse than inflation bro. Deflation is caused by low demand for goods and services. Deflation hurts business because prices must drop severely below break even to stimulate demand. Deflation means everybody might as eat their capital!

Pump price is one contributor to inflation but it is not the only one. The main contributor is weakness of the NGN against the USD. There is not much anyone can do about that.

1 Like

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by olutops(m): 4:56pm On Mar 18, 2020
see you, let them reduce it o, before they start saying snake swallow the profit...even the reduction ought to be from 145 to 70

GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by ikorodureporta: 4:59pm On Mar 18, 2020
Bluffly:

Countries are reducing stress on their citizens at this time, and. You are suggesting otherwise.

Reducing the price in Nigeria will not change anything. Instead, the prices of commodities will go up if there's a future increase from d reduced price

The govt shl look into the prices of deregulated products instead
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by jericco1(m): 4:59pm On Mar 18, 2020
caprini1:
Canada deffered mortgages and rents with 2 months.

You can imagine
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by NairaMaster1(m): 5:04pm On Mar 18, 2020
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by modsfucker: 5:04pm On Mar 18, 2020
Why not kuku scrap subsidy totally?

1 Like

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by morningsta(m): 5:05pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?

That is what you get when you have clueless schoolcert holders occupying key positions in government. When the price of crude goes up again, they will review upwards again not minding the fact that it will have ripple effect on goods and services. The difference should be diverted to other critical sectors.
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by BabaO2: 5:06pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?
Who will account for the excess? There will be many leakages

1 Like

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by StivoeDevoe: 5:06pm On Mar 18, 2020
let the govt reduce it more 80 is very ok
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Efegoma(m): 5:06pm On Mar 18, 2020
And you are the referee of the wailers.
haba air your own opinion.


Officialgarri:

I'm tired of wailers. On one thread, many said why hasn't the fuel price been reduced. The president is clueless and wants to loot, so he wouldn't reduce the price .

Now, just look at the comment of the guy above.

And here we go. An opposing opinion from same wailers.


[img]https://i./3Q9I.gif[/img]
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by friday2011(m): 5:07pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?

See you, your talk reminds me of those days growing up, when we get a cash gift from an outsider /school, and you innocently gave it to your mummy to keep for you, we no dey see the money collect again, when you ask, she will remind you how she has been feeding you from pregnancy...

Make them reduce am now, abeg, if possible #100, see its high time we stop this hope mentality towards the promises from politicians, we want sharp sharp results. No time.

3 Likes

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Efegoma(m): 5:09pm On Mar 18, 2020
What will happen when the price of crude goes up again after COVID19 (coronavirus) is gone?
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by translux(m): 5:11pm On Mar 18, 2020
Anything different from N65 is a hoax
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by tfelicityk(m): 5:11pm On Mar 18, 2020
Rubbish... I was expecting it to be at #27
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Indispensable85(m): 5:12pm On Mar 18, 2020
Not good enough.
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Tomilola360: 5:14pm On Mar 18, 2020
Wailers and Zombies no get sense.

How is this 15naira reduction going to affect the poor man. just 15naira. mschwwwww
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Bato93: 5:14pm On Mar 18, 2020
Our over dependence on oil is telling on our economy. Now oil is $27/per barrel, this simply means our budget for year 2020 is not achievable and national assemly has asked the govt to reduce the budget size since the chunk of expected income is from oil whose prize has reduce drastically. It is high time we encourage other income lines.

2 Likes

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Baslyramond: 5:14pm On Mar 18, 2020
Trump is giving out$1000 for each of his citizen and we are still here planning to reduce oil price when all over the world has reduced their crude oil price
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Mizwisdom(f): 5:22pm On Mar 18, 2020
Baslyramond:
Trump is giving out$1000 for each of his citizen and we are still here planning to reduce oil price when all over the world has reduced their crude oil price


Don't worry Buhari will give you N1000 for suffering from Corona virus
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Mizwisdom(f): 5:24pm On Mar 18, 2020
Tomilola360:
Wailers and Zombies no get sense.

How is this 15naira reduction going to affect the poor man. just 15naira. mschwwwww


Instead of buying fuel for N1450/10 litres, you'll pay N1,300, saving N150 for transport or bread that you will eat as night food.
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by blowjohn(m): 5:24pm On Mar 18, 2020
Stephendeals:
undecided

Th country af tire u ba

1 Like

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by blowjohn(m): 5:28pm On Mar 18, 2020
Mizwisdom:



Instead of buying fuel for N1450/10 litres, you'll pay N1,300, saving N150 for transport or bread that you will eat as night food.

Who is the nocturnal human between the 2 of u?

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by blowjohn(m): 5:30pm On Mar 18, 2020
morningsta:


That is what you get when you have clueless schoolcert holders occupying key positions in government. When the price of crude goes up again, they will review upwards again not minding the fact that it will have ripple effect on goods and services. The difference should be diverted to other critical sectors.


U and I know that not one new hospital or stadium or factory will spring up.
No pension arrears nor salaries will be cleared.
No nothing will change if the money is channelled into that.
Even electricity might just get worse
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Fuckgovt: 5:31pm On Mar 18, 2020
Only N130 and we shld clap 4 them?

2 Likes

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by dangwarmai(m): 5:35pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?
And later na you go say wia is dat money? Abegi dem dey right. Useless monkey.
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by orisa37: 5:36pm On Mar 18, 2020
Reduce to N100 and stop subsidy completely.
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Sterope(f): 5:39pm On Mar 18, 2020
Some decisions in this delicate times undecided
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by k2money(m): 5:44pm On Mar 18, 2020
Some people are still wailing, they just finds a way to go against the FG. Some failures are using the FG as an excuse for the failure.
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by RemoveKebab: 5:45pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?
nigga I no like this government at all but
What you wrote here is trash.

FG try small for this one.
But they can do better. N15 makes no difference.

(1) (2) (3) (4) (5) (6) (7) (Reply)

New Photo Of Ibrahim Babangida (IBB) All Smiles In His Minna Residence. / General Gowon Sitting And Eating On The Floor In Benin In 1967 (Throwback Photo) / Buhari Gets Rousing Reception In Lagos - Dele Momodu Mocks Buhari, APC (Video)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 59
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.