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Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija - Politics - Nairaland

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Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 8:32pm On Jan 26, 2015
DIESEL PRICE DROP ALL OVER THE WORLD

1 Like

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 8:34pm On Jan 26, 2015
New delhi, India

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by kokosheen(m): 8:35pm On Jan 26, 2015
We practice voodoo economics, so you should rather expect the price to go up.....

1 Like

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by otokx(m): 8:36pm On Jan 26, 2015
It will only come down if GEJ is no longer president.

3 Likes

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 8:38pm On Jan 26, 2015
ghana

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 8:41pm On Jan 26, 2015
south africa

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by stevecantrell: 8:43pm On Jan 26, 2015
otokx:
It will only come down if GEJ is no longer president.

I'm inclined to believe you.

1 Like

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 8:45pm On Jan 26, 2015
CHINA

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 8:47pm On Jan 26, 2015
CANADA

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 8:54pm On Jan 26, 2015
UK

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 9:09pm On Jan 26, 2015
MALAYSIA

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 9:56pm On Jan 26, 2015
UGANDA

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by iluvnaija: 10:43pm On Jan 26, 2015
If you want change, vote out this govt in few weeks time.

3 Likes

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 12:41am On Jan 27, 2015
POLAND

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 12:43am On Jan 27, 2015
IVORY COAST

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 12:45am On Jan 27, 2015
SOUTH KOREA

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 12:49am On Jan 27, 2015
SPAIN

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 12:58am On Jan 27, 2015
ISREAL

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by agabusta: 1:10am On Jan 27, 2015
Diesel that they claimed has been fully deregulated, its price refused to come down. Whereas, cheaper diesel price will help the economy and make business cheaper to run as most businesses, factories, govt agencies and even Aso Rock sef runs on diesel.

Na only God go save us from this cabal that is holding the country and its leadership by the jugular.

4 Likes

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 1:34am On Jan 27, 2015
ITALY

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 1:39am On Jan 27, 2015
MALAWI

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 1:41am On Jan 27, 2015
NETHERLANDS

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 1:43am On Jan 27, 2015
KENYA

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by Nobody: 1:47am On Jan 27, 2015
Why do you want a drop in the price of diesel? you guys said the drop in petrol is bad and that he did it because election is around the corner, so the great GEJ is not reducing the price of diesel until after the election.
Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by EmoBoy(m): 1:52am On Jan 27, 2015
You can see clearly from the graph as it was stated that average prices for diesel are 1 dollar. Last I checked 1 dollar converts to 167 naira.
I hope you know where I'm driving at?
Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by sammyj: 2:02am On Jan 27, 2015
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Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 7:37am On Jan 27, 2015
Ozin:
Why do you want a drop in the price of diesel? you guys said the drop in petrol is bad and that he did it because election is around the corner, so the great GEJ is not reducing the price of diesel until after the election.
c response... I dnt blame u ... forget politics, Our Government is milking us dry

1 Like

Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by Sibrah: 8:30am On Jan 27, 2015
Abracadaba govt.
Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by EmoBoy(m): 9:38am On Jan 27, 2015
chamboy:
c response... I dnt blame u ... forget politics, Our Government is milking us dry

Did you know that the government doesn't control the prices of diesel?
Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by chamboy(m): 10:06am On Jan 27, 2015
EmoBoy:


Did you know that the government doesn't control the prices of diesel?
Who does, Tell me what I don't know
Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by EmoBoy(m): 11:07am On Jan 27, 2015
chamboy:
Who does, Tell me what I don't know

The prices of diesel are in the control of the private sector. Government stopped subsidizing the prices of diesel years ago.
Re: Diesel Price Still ₦147..... When Would Drop In Oil Price Affect Diesel In Naija by Nobody: 11:21am On Jan 27, 2015
EmoBoy:


The prices of diesel are in the control of the private sector. Government stopped subsidizing the prices of diesel years ago.

This is an even bigger reason for prices to fall, because prices in a deregulated market are supposed to be subject to market forces which are a mix of supply, demand and cost of production. So if we import diesel from a global market and prices are falling in other countries, it is common sense to expect a similar fall in Nigeria.

OP is right.

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