According to the latest petroleum pricing statistics from the Petroleum Products Pricing Regulatory Agency (PPPRA), the federal government’s daily spending on petrol subsidy has dropped to N1.1bn as at Tuesday from an average of  N2.06bn in June and N1.6bn in July, Daily Trust reports.

The Latest figures from the PPPRA showed that the government is now paying N29.99 as subsidy on every litre of petrol consumed in the country, down from N51.61 per litre in mid-June and N42.35 paid mid-July.
The pricing template dated Tuesday August 18, 2015 said that the Expected Open Market Price (EOMP) or total cost of petrol was N116.99 per litre down from N129.35 in June. This is against a regulated retail price of N87 per litre.

Prior to the last two months, oil price had been unsteadily rising and a rise in crude oil prices, by implication, means a rise in subsidy paid by government to marketers to import the product. The Head, Energy Research at Ecobank, Dolapo Oni also noted that the resumption of petrol refining at Warri and Port Harcourt refineries could also have contributed to a slight reduction in fuel subsidies,

http://energymixreport.com/petrol-subsidy-drops-by-n1bn-now-n29-99litre/

Cc: Lalasticlala

Good news everywhere, everyday! When a righteous man is in power you will know.

PDP wailers would say "It's due to fall in oil price" and maybe GEJ's reforms bla bla bla

kokoA:
Good news everywhere, everyday! When a righteous man is in power you will know.

so on point!

socialmediaman:
PDP wailers would say "It's due to fall in oil price" and maybe GEJ's reforms bla bla bla

Don't mind them. Nothing entertains me better than watching them wail as Buhari rights the wrongs of their clueless paymaster..so let them pls

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Way to go... i hope the Subsidy nonsense can be totally scrap

I bought fuel at 110 per litre so i don't see how this impacts on my car budget

Buari's body language at work!







According to APC zombies.

Which filling station sell like that make I go buy

Ezenwammadu:
I bought fuel at 110 per litre so i don't see how this impacts on my car budget

Ezenwammadu, Eze wailer 1 of Nigeria will allways have something to wail about.

Sai Buhari!

drss:
Proud wailer.Wailing for Nigeria becos its becoming a zoo.

if you can survive in a zoo, then u can suck my ballz, man.

Walahi talahi Nigeria iz blessed

Barcanista and his wailing brothers. Another good news from agent of change.. sorry for spoiling your day with such news.

PMB is more than magician, God bless him with more knowledge and health, if dis continue for another 4years, foreigner will beg 2 come 2 Nigeria

All its takes 2 put tinz right, started from urself, when u r good everytin will fall in places

God bless Nigeria

I expected you to say 150 naira as a wailer.....

Wonderful development.

drss:
Buari's body language at wor

According to APC zombies.

Are you sure your senior wailers authorized you to make this statament ? Because it makes no sense.

Even your senior wailers are rejoicing and praising buhari on this.

Nigerians with our foolishness, government payout dropped because crude oil is already at a 6 year low. My question is why are we still paying N1.1B per day? When crude oil is selling below $42 for WTI?

GudluckIBB:



Are you sure your senior wailers authorized you to make this statament ? Because it makes no sense.

Even your senior wailers are rejoicing and praising buhari on this.

Proud wailer.
Wailing for Nigeria becos its becoming a zoo.

atlwireles:
Nigerians with our foolishness, government payout dropped because crude oil is already at a 6 year low. My question is why are we still paying N1.1B per day? When crude oil is selling below $42 for WTI?

You didn't ask these questions when GEJ was president and we spent much more on subsidy. How can you convince me you are not a bloody hypocrite?

Pls fellow nlanders i no know wetin dis 1 com mean, na im b say fuel price go drop or wetin? Make smbody enligthen me pls!

JEGA01:
You didn't ask these questions when GEJ was president and we spent much more on subsidy. How can you convince me you are not a bloody hypocrite?

Ask your fada if he is a bloody hypocrite, you son of a bitchhhh.

Ezenwammadu:
I bought fuel at 110 per litre so i don't see how this impacts on my car budget

be a good citizen report it to appropriate agency or to sss, d same occurred in my area in Benin last week, d following day, d station was seal off.

atlwireles:


Ask your fada if he his a bloody hypocrite, you son of a bitchhhh.

The thing pain am

JEGA01:

almajiri, did not expect anything less.

Vanityupnvanity:
Pls fellow nlanders i no know wetin dis 1 com mean, na im b say fuel price go drop or wetin? Make smbody enligthen me pls!

d fuel price still remain 87 naira, but d extra price paid by govt has be reduce from 51 to 29 naira

atlwireles:


almajiri, did not expect anything less.

I asked this hypocrite of a bigot a simple question o! See what he is resorting to.

An almajiri is going to be your president till there will stop being Nigeria. Learn to live with it Or die a pre-mature death.

We don't have fuel subsidy in Nigeria according to Bubu, how could Bubu lower what doesn't exist?

[s]

JEGA01:
I asked this hypocrite of a bigot a simple question o! See what he is resorting to.

An almajiri is going to be your president till there will stop being Nigeria. Learn to live with it Or die a pre-mature death.

[/s]

Whose president look at this dumbass.

atlwireles:
[s][/s]
Whose president look at this dumbass.