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Nairaland Forum / Nairaland / General / Politics / Venezuella Hikes Fuel Price By Over 1000% Over Struggling Economy. (922 Views)
Reps To Increase Fuel Price By N5 For Roads / NNPC Mega Stations Increase Fuel Price By N4/litre / See Wat Fashola Told GEJ When There Was Oil Slump+Hike In Fuel Price In 2014(Pic (2) (3) (4)
Venezuella Hikes Fuel Price By Over 1000% Over Struggling Economy. by Iroh88(m): 8:54am On Feb 18, 2016 |
VENEZUELA Seems Nigeria is weathering the storm a lot better than other oil dependent countries, yet PDP supporter no go let us see road. Imagine hiking the price of petrol by over 60% in today's Nigeria!! Putting this into perspective, they hiked the price to over 300Naira. Cc: Lalasticlala, Mynd44. |
Re: Venezuella Hikes Fuel Price By Over 1000% Over Struggling Economy. by meracool(m): 9:50am On Feb 18, 2016 |
Diversification with Good power supply will encourage local Manufacturing Industries |
Re: Venezuella Hikes Fuel Price By Over 1000% Over Struggling Economy. by Bevista: 9:52am On Feb 18, 2016 |
@Op, correct your title. It is 60 fold, not 60%. That is over 5000%. --- Nigerians should brace up for increase in fuel prices and resultant high inflation, once the government bows to the pressure of devaluation. I'm actually more worried about the instability that will arise due to organized labour embarking on industrial action and calling for wage increase to counterbalance the effect of devaluation/inflation on REAL wage. 2 Likes |
Re: Venezuella Hikes Fuel Price By Over 1000% Over Struggling Economy. by Iroh88(m): 11:24am On Feb 18, 2016 |
Bevista:By bad. You are actually right. |
Re: Venezuella Hikes Fuel Price By Over 1000% Over Struggling Economy. by Emekamex(m): 11:29am On Feb 18, 2016 |
The more serious reason that real diversification should be quickened and not just playing mere rhetorics as is the case now. 1 Like |
Re: Venezuella Hikes Fuel Price By Over 1000% Over Struggling Economy. by obailala(m): 11:32am On Feb 18, 2016 |
Iroh88:Op thats actually 6000% Sometimes I keep wondering what will happen in Nigeria is we finally succumb and devalue, petrol prices will suddenly skyrocket to about N140/litre and it's either a massive protest starts again across the nation or the FG will be forced to resume payment of subsidies. Obviously the price of all imported commodities from rice to tomato paste will also double. God help us! |
Re: Venezuella Hikes Fuel Price By Over 1000% Over Struggling Economy. by tuniski: 11:46am On Feb 18, 2016 |
obailala:there is no easy way out. The only painful thing is the wastefulness of govt at this austerity time. Why welfarist package when there is no money? The 500bn naira is 1st a misplacement and a sadly a conduit of corruption! |
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