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Nairaland Forum / Nairaland / General / Politics / PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre (36170 Views)
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Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Jetline: 8:37pm On Jul 01, 2020 |
obailala:You live in the UK but you don't know how to make good analysis. Is the cost of living in UK and Nigeria the same? How about the minimum wage in both countries?Do you expect the price of a bottle water in UK and Nigeria to be the same?How about the cost of producing the bottle water in both countries...hope comparable? That's is why the pump price of petrol in UK will always be higher.In summary,N143 /litre is way high for average NIGERIANS living on a minimum wage of N30,000,sorry,some states have not implemented the new wage.ECONS 101. 2 Likes 1 Share |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by COMPAQ(m): 8:39pm On Jul 01, 2020 |
juvewalex: Yes it has actually. When petrol was reduced to N123, crude had fallen to $20 and now its back up to $41. 1 Like |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by COMPAQ(m): 8:43pm On Jul 01, 2020 |
Jetline: The issue should actually be the wages in Nigeria not the price of petrol. I've always said that if I were president of Nigeria,I'd sack 50% the civil service ,but double salaries for the remaining. Nigeria needs a vibrant middle class. There is not point if 1mln people are earning N50k. Its better if 350k people are earning N150k. Because their purchasing power can attract industry. One reason Toyota,Samsung, LG, etc can never produce massively in nigeriabis because there are not enough people to buy their products. 1 Like |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by COMPAQ(m): 8:47pm On Jul 01, 2020 |
cjrane: Because the subsidy was far more then. Don't you get it!! Besides don't forget that naira has also devalued by about 100% from 199 to 400 1 Like |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by OdefaGirl(f): 8:48pm On Jul 01, 2020 |
So, instead of going down..... the price is scaling up again and things keep being hard for some people.... it's not funny. |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by COMPAQ(m): 8:49pm On Jul 01, 2020 |
lexander: Govt didn't remove subsidy the first time. When crude prices crashed then, the import price was lower than pump price. So for that period government was not paying any subsidy. Doesn't mean they removed it. But when crude prices went back up, subsidy came through the back door again. 1 Like |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by officialfestus(m): 8:50pm On Jul 01, 2020 |
Kriss216:the gen got you covered like electricity insurance because you'll be expecting 5-6 hours of power |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by officialfestus(m): 8:51pm On Jul 01, 2020 |
Nigeria jaga jaga, buhari jaga jaga |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by COMPAQ(m): 8:52pm On Jul 01, 2020 |
Fourwinds: Managing the.money is a separate issue. What you are saying is like two wrongs. And reason why govt gets away with it is because we are all docile. Only George Floyd was killed and the whole America rose up. Yet our politicians commit far worse atrocities, but we all sit down and hope for our own opportunity to be as corrupt as them 1 Like |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by ProT: 8:54pm On Jul 01, 2020 |
DAVE5:Funny though. Actually, I wish it could, but truth is we are too divided on parochiality (religion, ethnicity, etc), to allow such sensible "movement" against the thieving political class. 1 Like |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by COMPAQ(m): 8:56pm On Jul 01, 2020 |
kitsall123: Don't you get it. Many people have refinery licences, but it makes no sense because our regulated price is TOO LOW!!!! 1 Like |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Fourwinds: 8:59pm On Jul 01, 2020 |
COMPAQ:look im not docile.. The law didnt permit me to carry arms. I didnt vote this government but some people did may be because of kongo of rice and 5 naira. I saw what they did in first term so i wanted a different government |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by COMPAQ(m): 9:05pm On Jul 01, 2020 |
Fourwinds: Who said anything about arms. Did anyone protesting in Yankee carry arms. If Femi falana calls for one million man match to nass , he'll be lucky if 100 people show up. |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Fourwinds: 9:06pm On Jul 01, 2020 |
COMPAQ:so how will people survive when they buy a litre of fuel for 500 naira and above. Consider transportation. If you are earning welll and living fine. Know there are thousands and millions Nigerians that didnt eat two times today even some didnt eat. Will they no move(travel) a distance of 6km within their state. Do you recommend trekkin for such distance almost every day |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Lush100(m): 9:07pm On Jul 01, 2020 |
Oga, Nigeria's Oil is 3 months future purchases. It's not supposed to take effect immediately but in 3 months time. obailala: |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Nobody: 9:07pm On Jul 01, 2020 |
Fourwinds: The last paragraph of that my comment you originally quoted.... I'll repeat the point again If you want Dangote to pay higher salaries to his workers , then get your senator or rep to consider a law that allows cement workers working for Dangote cement to form a union that would agitate for their rights, or if such a union exists, then pass a law that would raise the minimum wage, and make it mandatory for the private sector. |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by COMPAQ(m): 9:08pm On Jul 01, 2020 |
the real test will come when crude process go up past $50. At that price petrol should be like N170. We'll see if government has the liver to take petrol price that high. |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Fourwinds: 9:10pm On Jul 01, 2020 |
COMPAQ:having people to march is not the problem . It is the same Nigerians that will insult those who are prepared to do it. Remember BBOG |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by COMPAQ(m): 9:11pm On Jul 01, 2020 |
Fourwinds: The solution to that is that wages need to go up. And that's why Nigerians should rise up instead of being docile. We should stop begging for the crumbs of subsidy and demand wages that enable people to eat at the table. |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by ProT: 9:11pm On Jul 01, 2020 |
Jahwinaboy:Forget Nigerians; they are strongly built for suffering. |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by DAVE5(m): 9:13pm On Jul 01, 2020 |
ProT: Sad but true |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by COMPAQ(m): 9:13pm On Jul 01, 2020 |
Fourwinds: Then that is our problem. Then if we can't confront the real issue then no point complaining. We have been bound to the philistines and instead of doing something about it, we don't. |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Fourwinds: 9:14pm On Jul 01, 2020 |
kikero:you talk about lawmakers i laughed. What came to my mind was thieves. Just think about how Dangote can corner them with some Ghana must go |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Nobody: 9:17pm On Jul 01, 2020 |
Fourwinds: Democracy is hardwork. It isn't about voting and going home. All those prosperous democracies were built in part by people who were willing to take on the corrupt elite.(some of whom, from a historical perspective, make Nigerian polticial elites look benevolent). Democracy is hardowork. TO make it work, we must work hard with the system. within the system 1 Like |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by rejoice4eva(m): 9:24pm On Jul 01, 2020 |
obailala:The great defender. Apc pro. continue. 1 Like |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by obailala(m): 9:45pm On Jul 01, 2020 |
rejoice4eva:Defender of What? information? I just shared basic information; how's that a crime? Oh I see! knowledge must hurt you so badly, that explains your discomfort. Education Haram! Low key Boko haram ideologist! 1 Like |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by obailala(m): 9:55pm On Jul 01, 2020 |
Jetline:I said Nigeria has one of the lowest pump prices for petroleum products globally. That's a simple statement of fact! No where did I mention that N143 was affordable for an average Nigeria; that's a totally different topic, so please learn to stay focused. 1 Like |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by obailala(m): 9:58pm On Jul 01, 2020 |
Lush100:Are you saying the petrol we buy in filling stations in Nigeria were imported 3 months ago? Cos you seem to be mixing crude sales and petrol import. 1 Like |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by obailala(m): 9:59pm On Jul 01, 2020 |
OhBiafra:okoko |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by otokx(m): 10:07pm On Jul 01, 2020 |
Nigerians have refused to react preferring BBN, EPL, fear women, religious gatherings, so no qualms. Labour is licking tom tom. |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Jahwinaboy(m): 10:13pm On Jul 01, 2020 |
nextstep:I agree with you but how best do we sensitise and orientate our youths so that we all can be on the same page? Got any idea on this? |
Re: PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre by Jahwinaboy(m): 10:16pm On Jul 01, 2020 |
ProT:I tell you. This drives me mad at times to see how we suffer everyday yet no solution on ground or hope in sight. Damn, something needs to be done. 1 Like |
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