Martins301:
I was in shock when I went to the filling station in Omaha, Nebraska USA yesterday and noticed that the price of fuel has actually dropped by 50% in last 6 months when I finished topping the gas.


This consistent drop in price is in
direct relation to dropping oil prices
worldwide. And all over the world,
price of fule has dropped for all citizens, even in Russia!


SO THE QUESTION FOR OUR PRESIDENT IN NIGERIA

How come our Petrol prices have NOT dropped a dime though price
of oil keeps dropping everywhere all over the world?


Instead the so-called smart politicians are actually talking about INCREASING price of fuel?


Exactly what kind of ECONOMY are we running in NIgeria that does NOT
respond to supply and demand? Is it CAPITLISM?; SOCIALISM? CABALISM?
KLEPTOKISM? or GOODLUCKISM?


Please DONT tell me we import fuel
from abroad is the reason. The PRICE WE BUY IT FROM WHEREVER WE BUY IT FROM HAS DROPPED BY ALMOST 50% SINCE JUNE LAST YEAR and yet we still pay the same?


https://m.facebook.com/story.php?story_fbid=408482755977667&substory_index=0&id=291095354383075&refid=7&_ft_=qid.6100026736820175852%3Amf_story_key.-3153294864913038611%3Aei.6100026739417268781.6019341441110.19.0&__tn__=%2As

quinnboy:
Wait

Mynd44:
Oil prices are reducing but your currency is also going down. That is something to think about.

But when you think of it really, the percentage drop in oil prices and the Naira ain't equal so there should be some deficit but this is Nigeria. No economic theory works here. It is just anyhow

*shrugs*

Martins301:


Please use hypothetical values to explain your point so that laymen will understand

Mynd44:

Martins301:


I no say u go f**k up when I throw d question gv u. . . .voodoo economist

Martins301:


For what? Are you an Nairaland member?

Martins301:


I no say u go f**k up when I throw d question gv u. . . .voodoo economist

quinnboy:
make I ask my economics teacher....Oº°ºooOº°ºoo yeah, I am "AN" nairaland member.