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Nairaland Forum / Nairaland / General / Politics / PMS To Go Up Immediately After The Election If GEJ Wins (816 Views)
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PMS To Go Up Immediately After The Election If GEJ Wins by adeyemik: 8:44pm On Mar 09, 2015 |
PETROL TO SELL AT N150/LITER-The Executive Secretary of PPPRA, Farouk Ahmed. There is a serious pressure on PPPRA and oil marketers to wait till after election before the hike up the price of petroleum product. It is all just because of election that GEJ is not increasing the price of petrol now in the face of rising dollars. Oil marketers are said to be losing billions of naira buying dollars at a lesser price to import petrol only to buy back dollars at a margin they did not make on the product. Oil subsidy thieves are not ready to let go. GEJ waited till after the last election before he gave us the new year present of petrol increase. He is going to do it again after this coming election. I don't see any new govt APC/KOWA party doing any increase because that will destroy their govt that has yet to have a foundation, but I see GEJ/PDP doing it because they are on ground already. AT N1= 155, PETROL WAS N87,landing cost of N74.35 per litre of PMS as at the close of business on Friday, January 16, 2014, the addition of distribution margin of N15.49 per litre would translate to an open market price, or pump price of N89.84 per litre.Govt still claim to subsidize N2.84 per liter, selling to public at N87. NOW WITH DOLLARS AT 225, THE PETROL PRICE IS X, WHAT IS X? 155 …….87 225……..X BY CROSS MULTIPLICATION, 225*87 =155X 225*87/155= X 21825/155 =X X = 140 With the speculative N250/dollars, you can be sure that petrol price will be well over N160, Because logistics and other inputs will increase geometrically. This is not a postulation, it is a fact. Stop GEJ before he stop us from living. If he had fixed the refinery he promised the last time and stop stealing through subsidy, I don't see any reason why petrol should be more than N50/liter. Now there is petrol in the country but marketers are not willing to sell at a loss, that is why we are having scarcity. GEJ is seriously begging them to wait till after election, because any increase now will impact his success at the poll. He has given us N10 rebate/reduction, but will be getting back N70 after the election. YOUR PVC IS YOUR POWER TO LIBERATE YOURSELF. GEJ IS GOING TO INCREASE FUEL PRICE AGAIN, ONLY WAITING FOR THE ELECTION TO BE OVER. 3 Likes |
Re: PMS To Go Up Immediately After The Election If GEJ Wins by Baawaa(m): 8:47pm On Mar 09, 2015 |
That is 100% sure |
Re: PMS To Go Up Immediately After The Election If GEJ Wins by Kakpos: 8:48pm On Mar 09, 2015 |
NIGERIANS SINS AGAIN GOD AND DECIDED TO PUNISH THEM BY BRINGING GOODLUCK LET'S REPENT AND GOD WILL HAVE MERCY ON US. 2 Likes |
Re: PMS To Go Up Immediately After The Election If GEJ Wins by milkymesh: 8:50pm On Mar 09, 2015 |
propaganda. 1 Like |
Re: PMS To Go Up Immediately After The Election If GEJ Wins by kestolove95(m): 8:50pm On Mar 09, 2015 |
By june...subsidy will be totally removed take it or leave it... Gej must go now 2 Likes |
Re: PMS To Go Up Immediately After The Election If GEJ Wins by otokx(m): 9:21pm On Mar 09, 2015 |
Propaganda; in any case petrol is 100 naira a litre. |
Re: PMS To Go Up Immediately After The Election If GEJ Wins by eph12(m): 9:23pm On Mar 09, 2015 |
What's the assurance that same won't happen even if GMB wins? After all the article says the oil marketers are losing billions of naira. All does GMB have plans to cushion this loss of money? If there is what do you think it is? 1 Like |
Re: PMS To Go Up Immediately After The Election If GEJ Wins by signz: 9:25pm On Mar 09, 2015 |
kestolove95: Do u want subsidy or not? |
Re: PMS To Go Up Immediately After The Election If GEJ Wins by kestolove95(m): 9:29pm On Mar 09, 2015 |
signz:. Why will I. Want subsidy. Ma boss?...if gej go..no subsidy if he stays...den. we hv no option dan. To buy pms at #150 |
Re: PMS To Go Up Immediately After The Election If GEJ Wins by Caseless: 9:35pm On Mar 09, 2015 |
Trust that headless man at your own peril. |
Re: PMS To Go Up Immediately After The Election If GEJ Wins by gebest: 9:38pm On Mar 09, 2015 |
Front page pls, let nigerians kn why they must nt vote gej march 28. |
Re: PMS To Go Up Immediately After The Election If GEJ Wins by egift(m): 9:40pm On Mar 09, 2015 |
Nigerians must resist every temptation to reelect Jonathan. Things must Change for the better. Sai Buhari. 1 Like |
Re: PMS To Go Up Immediately After The Election If GEJ Wins by ok01: 9:41pm On Mar 09, 2015 |
Even if Buhari wins, the price will still go up. In fact for the good of Nigeria, subsidy has to go. |
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