Please Nairalanders, kindly research to see if its true.

My Sister's friend who has a filling station says he still buys at 91naira from the depot on friday and the government asked them to sell at 87naira which is a great loss to them.

They ought to have reduced the depot price 2weeks prior to the reduction so as to let marketers sell their old stock.

Please anybody who has an idea should please, tell this to the world.

Thanks.

PS:
Mode, I will like this topic to hit front page cos we need contributors so as to unravel this misery.

Wen it was increase dey did. Dat easily but now it has been reduced..effctin it iz now a problem for dem...na na poor peopl dey suffer dem self for dix country pas rich men

kestolove95:
Wen it was increase dey did. Dat easily but now it has been reduced..effctin it iz now a problem for dem...na na poor peopl dey suffer dem self for dix country pas rich men

I'm trying to get a neutral perspective from this.

As a business man, your motive is to make profit. If the policy of increasing and reducing is fair then there shouldn't be any problem.

In south africa, the government only deal with price stabilisation and not wanting the masses to be ripped off.

Prices of petrol is being announced every first week of the month (wednesday). So reflect international oil prices.

So the marketers have ample time to prepare for gain or loss. Unlike Nigeria's case it was just over-night.