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FG May Increase Petrol Price Soon - Marketers - Politics (3) - Nairaland

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FG May Increase Petrol Price To N180 Per Litre / IPMAN Threatens To Increase Petrol To N160 Per Litre / No Plans To Increase Petrol Price - NNPC (2) (3) (4)

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Re: FG May Increase Petrol Price Soon - Marketers by AreaFada2: 10:18am On May 09, 2016
1miccza:
Smh chai!!! Naija we've been seriously scammed..

Somebody who choses to be led along the road by a blind person should NOT complain when they both end up inside the gutter. grin cheesy

1 Like 1 Share

Re: FG May Increase Petrol Price Soon - Marketers by Nobody: 10:19am On May 09, 2016
Buhari hmmm...
Re: FG May Increase Petrol Price Soon - Marketers by great664(m): 10:19am On May 09, 2016
Nbote:


And yet some of U who seem to have read it and seen d obvious still want to find a way to ignore the clear facts. First d govt claims there wasn't plans for subsidy and den it turns out dey are still paying subsidy after all but that is by the way.. Subsidy payments didn't jus start with dis govt or even the previous so it begs d question as to why there hasn't been upward reviews all thru d period Oil prices kept soaring reaching an all-time high. Jus few weeks ago, a report indicated dis govt was paying higher for subsidy which is confusing considering their initial claims concerning subsidy payments. Since d bolded indicates review of price of petrol upwards with increasing Oil price, then it is only logical petrol price was supposed to have been reviewed downwards with the crash of oil prices dis past year..

Don't mind abobaku omenka ... Supporting everything irrespective of how it affect the masses, why was there not review f price when it was $28/barrel so that the masses will benefit ,,, they hide the product and sell even above modulated price, now that there is a "Proposed" increase they have started making plans for increase.... Modafucking mofos

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Re: FG May Increase Petrol Price Soon - Marketers by yaki84: 10:20am On May 09, 2016
citizenisb:



http://punchng.com/fg-may-increase-petrol-price-soon-marketers/


obailala come n see this.

now tell us whether btw me n u who is confused in the subsidy matter?

lemme tell u how price modulation work, the govt fix the price of commodity, brings in d product at a lesser price n sell to its citizens at their determined price. they make gains from it, but when the price of that product increase, since there is already a fix n determine price by the govt, they use the monies gained during the period the product was less costly to augment for the increase. they aint paying subsidy, they aint subsidising aanything. the only bailout for them is they promised to review the price every 3mnths. nnpc/ppmc did the price review last on march ending, lets wait n see what june ending will bring to us.

I still remeber I told us that increase in crude price will expose the corruption n weakness of price modulation. am vindicated,

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Re: FG May Increase Petrol Price Soon - Marketers by 1miccza: 10:21am On May 09, 2016
AreaFada2:


Somebody who choses to be led along the road by a blind person should NOT complain when they both end up inside the gutter. grin cheesy

My brother this one is not just blind but deaf,dumb and a cripple also. Chai!!

3 Likes 1 Share

Re: FG May Increase Petrol Price Soon - Marketers by henrygale(m): 10:22am On May 09, 2016
When price falls in the international market,no one talks about reduces prices at our end, but u hear increase in pump prices as soon as there is an increase in crude price in the international market. Then,dey use different grammars to do cover up!
This country and our govts(past and present) na wa!
Re: FG May Increase Petrol Price Soon - Marketers by ephi123(f): 10:26am On May 09, 2016
omenka:
Most you seem not o have read even a single line but just the title. A portion of the article was even highlighted to reflect the reason behind the imminent rise yet you people just couldn't spare a second to read it before commenting.

The suspicion that there might soon be a price hike is due to the marginal rise in the price of crude at the international market- it is not the FG's fault.

You guys should get a grip on your emotions already. It sucks.

Crude is still very low compared to the levels it was 2 years ago, $45 today. If FG is planning to increase prices when it's not even back to the 70s or 80s, I wonder what will happen when it rises significantly..

Right now petrol is still more or less the same price as it was when crude was $100+ in 2014. if Nigerians did not benefit at the pump from low crude prices, why should they "benefit" from "marginal increase in crude"? Government should be held accountable, even if you are going to defend them, it shouldn't be done blindly...
Re: FG May Increase Petrol Price Soon - Marketers by yaki84: 10:26am On May 09, 2016
omenka:
Most you seem not o have read even a single line but just the title. A portion of the article was even highlighted to reflect the reason behind the imminent rise yet you people just couldn't spare a second to read it before commenting.

The suspicion that there might soon be a price hike is due to the marginal rise in the price of crude at the international market- it is not the FG's fault.

You guys should get a grip on your emotions already. It sucks.


do u know d meaning of fault!

whose fault is it?

na we the common men on the street de run nnpc?

na we say make dem adoot price modulation instead of total deregulation of the product even when oil is almost worthless?

so whose fault is it omenka? I guess pdp.

I said it in this forum that we shud pray price of crude shudnt rise if not the weakness of price modulation will be too bad for nigerians.
Re: FG May Increase Petrol Price Soon - Marketers by David25(m): 10:27am On May 09, 2016
citizenisb:


http://punchng.com/fg-may-increase-petrol-price-soon-marketers/

oh really? in that case here is my opinion, fu_uck "FG"
Re: FG May Increase Petrol Price Soon - Marketers by carboblanko(m): 10:29am On May 09, 2016
P
great664:
. What most are complaining is government selfishness....

When there was reduction of price globally, did the govt of Nigeria reduce price for the masses?

Now that there is a proposed increase which is yet not official the government has started making plan to increase....

Hope you get it now that the GOVT don't give a fukc about the Masses...
Calm down bro. The truth is that as long as we rely on importation of fuel we will continue to have these challenges. The the only realistic and sustainable solution is to refine our crude here. But as long as we continue to import we would be exposed to many variables that may be beyond our control which will in turn determine the price we pay at the pumps
Let's encourage the refining of our crude here and bring relief to everyone.
Re: FG May Increase Petrol Price Soon - Marketers by yaki84: 10:30am On May 09, 2016
Nusaf:

Nigeria had the resources to subsidise the product then, is just that the money was just being stolen by some corrupt govt officials.


the monies were stolen by nigerians of all regions, religions n strata.

nnpc constitute nigerians from all walks of life.
Re: FG May Increase Petrol Price Soon - Marketers by obailala(m): 10:38am On May 09, 2016
yaki84:



obailala come n see this.

now tell us whether btw me n u who is confused in the subsidy matter?

lemme tell u how price modulation work, the govt fix the price of commodity, brings in d product at a lesser price n sell to its citizens at their determined price. they make gains from it, but when the price of that product increase, since there is already a fix n determine price by the govt, they use the monies gained during the period the product was less costly to augment for the increase. they aint paying subsidy, they aint subsidising aanything. the only bailout for them is they promised to review the price every 3mnths. nnpc/ppmc did the price review last on march ending, lets wait n see what june ending will bring to us.

I still remeber I told us that increase in crude price will expose the corruption n weakness of price modulation. am vindicated,
When you use the money gained to augment the increase, what do you call that?.... Isn't that subsidising?.... If it isn't subsidising, so why is Kachikwu talking of total removal of subsidy now?


Look man, you are in a hurry to claim Kachikwu, a first class brain is confused, but you only end up exposing your own intellectual vulnerability.
Re: FG May Increase Petrol Price Soon - Marketers by yre231(m): 10:40am On May 09, 2016
Its the rise in price of crude oil suppose to be advantage or disadvantage to a country like Nigeria?
citizenisb:



http://punchng.com/fg-may-increase-petrol-price-soon-marketers/
Re: FG May Increase Petrol Price Soon - Marketers by grandstar(m): 10:54am On May 09, 2016
Governmemt should deregulate the price as done fully with diesel and not just an increase in the price
Re: FG May Increase Petrol Price Soon - Marketers by 9jatatafo(m): 10:55am On May 09, 2016
Nusaf:

Nigeria had the resources to subsidise the product then, is just that the money was just being stolen by some corrupt govt officials.

Another excuse
Re: FG May Increase Petrol Price Soon - Marketers by almonrea(m): 12:05pm On May 09, 2016
citizenisb:



http://punchng.com/fg-may-increase-petrol-price-soon-marketers/
Shame on your all,Why the price of crude is going down,Nigerians are paying more for. Petrol. If the government of today cannot solve this problem,let them hands Off
Re: FG May Increase Petrol Price Soon - Marketers by asha80(m): 12:09pm On May 09, 2016
grandstar:
Governmemt should deregulate the price as done fully with diesel and not just an increase in the price

http://www.premiumtimesng.com/news/headlines/203099-nigeria-set-fully-deregulate-downstream-petrol-sell-n100-litre.html

1 Like

Re: FG May Increase Petrol Price Soon - Marketers by citizenisb: 12:17pm On May 09, 2016
One of the meetings was held at the headquarters of the State Security Service in Abuja where the Minister of State for Petroleum Resources, Ibe Kachikwu, and his counterpart in the Ministry of Labour and Employment, Chris Ngige, met with heads of security agencies to finetune possible security response should Nigerians pour into the streets to protest the policy.

Official spokespersons for key petroleum industry agencies were evasive when asked for comments Sunday afternoon.

NNPC spokesperson, Garbadeen Mohammed, said reports of the planned introduction of deregulation by government was new to him.

Full deregulation policy, which involves opening up the downstream petroleum industry for participation by all players, particularly the private sector, is widely considered the panacea for the incessant fuel supply crisis in the country.

With full deregulation, there will be fair competition, with the burden of petroleum products supply and distribution shared between private investors and government, with both having equal access to all aspects of industry operations, ranging from refining, sourcing, to marketing and distribution.

While government will continue to monitor and enforce compliance with established standards, products pricing will be determined by the prevailing market forces in an atmosphere of competition.

Over the years, government bore the burden of subsidy payments on petroleum products consumed in the country.
Re: FG May Increase Petrol Price Soon - Marketers by citizenisb: 12:17pm On May 09, 2016
Barring any last-minute change in plans, the federal government will, in a few days, introduce policy changes heŕalding the full deregulation of the downstream sector of the Nigerian petroleum industry, officials well briefed on the matter have told PREMIUM TIMES.

Nigerians may have to brace up for a minimum of 27.17 per cent hike in fuel price nationwide, the officials said.

The policy, they say, is likely to push the pump price of petrol to about N110 per litre at NNPC-owned filling stations and higher at other independent outlets.

Amid fears of a possible backlash reminiscent of the reaction by Nigerians in January 2012 when former President Goodluck Jonathan attempted to introduce a similar measure, PREMIUM TIMES learnt that no formal announcement of the policy would be made by government.

Industry sources familiar with the plan said government was on the verge of discreetly giving permission to petroleum products marketers to gradually adjust their pump prices as early as midweek to signal the formal take-off of deregulation in the country.
Re: FG May Increase Petrol Price Soon - Marketers by owoademola: 12:18pm On May 09, 2016
honeywealth75:
AND D SUFFERING CONTINUE. I BEG WEY MY GARRI AND KULI KULI
hope it will never end in you.
Re: FG May Increase Petrol Price Soon - Marketers by Nobody: 1:27pm On May 09, 2016
1 litre of petrol = N1,000= grin
Re: FG May Increase Petrol Price Soon - Marketers by lumeneng22: 3:34pm On May 09, 2016
Then expect all the oloriburuku pastors and their save Nigeria gangs to occupy ojota as usual.
Re: FG May Increase Petrol Price Soon - Marketers by citizenisb: 3:48pm On May 09, 2016
God save the Nigerian economy from HYPERINFLATION!!!!
Re: FG May Increase Petrol Price Soon - Marketers by fistonati(m): 11:41pm On May 09, 2016
But you failed to mention that when the oil price come down at the so-called market the prices didn't come down. Who's fooling who. You need serious education
omenka:
Most you seem not o have read even a single line but just the title. A portion of the article was even highlighted to reflect the reason behind the imminent rise yet you people just couldn't spare a second to read it before commenting.

The suspicion that there might soon be a price hike is due to the marginal rise in the price of crude at the international market- it is not the FG's fault.

You guys should get a grip on your emotions already. It sucks.
Re: FG May Increase Petrol Price Soon - Marketers by bishopRtrinity: 4:14am On May 10, 2016
The present situation will determine what will happen 2019 election .. Chikena
Re: FG May Increase Petrol Price Soon - Marketers by Nobody: 4:55pm On Oct 06, 2016
honeywealth75:
AND D SUFFERING CONTINUE. I BEG WEY MY GARRI AND KULI KULI



Why did u follow me? smiley
Re: FG May Increase Petrol Price Soon - Marketers by 989900: 5:19pm On Oct 06, 2016
It is inevitable if the Naira keeps falling while we're importing products.

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