pump price reduction spreading to calabar

Mudiaga Affe, Calabar
Motorists in the Calabar South axis of the Cross River State capital have continued to throng into a filing station along Mayne Avenue that has dropped the price of Premium Motor Spirit from N145 to N139 per litre.

Already, vehicular activities along the busy Mayne Avenue are experiencing traffic jam as a result of the development.
Southern City News observed on Friday that the fuel consumers have ignored other filing stations along the busy road for the station, which is located at Webber Street by Mayne Avenue following the reduction in price.

A motorist, Amaka Uche, described the development as surprising, considering the harsh economic realities in the business world.
According to Uche, it is shocking to note that at a time when most ventures are folding up due to low patronage, the company has reduced the price of PMS for the purpose of payback to loyal customers.

He said, “This development is surprising to us. I am sure motorists did not expect this to come at this time, especially now that the economy is down. We commend the management of the filing station for this.”
Another fuel consumer, Mr. Kufre Archibong, who said he had been a loyal customer, noted that the gesture was a welcome development.

An official of the petrol station told Southern City News that the compensatory promotion was a way of giving back to the society.
He said, “We saw what our customers went through during that period of scarcity and we felt bad. We are to fill the gap of that suffering; that was why we made up our mind that we shall do something for the people when there is steady supply of PMS.
“In the past, you see hundreds of trucks loading from Calabar depot to be taken out of the country, but the situation has changed. We used to consume 400, 40 metric tons on a daily before the subsidy and the bulk of the product which has been subsidised found their way out of the country. The field is now level for those who genuinely need to invest. Now I am coming down to N139, another can go below,” he said.
The company’s senior manager said the quantity of tankers loading the product from Calabar depot had dropped since the removal of subsidy.

www.punchng.com/motorists-surge-calabar-filling-station-reduction-pms-n139/

Good one

Woaw ftc, I dedicate it to my Brand new bundle of joy
Baby I love you.

I hv always knwn it will come to dis eventually.D laws of demand and supply will eventually push d pump price down.
In no time,others will follow suit and things will normalize.All these are just passing phase in our country.God will make d wilderness pass away and together we will smile by His grace!!!

I'm seeing other filling stations folding up in the near future.

just 6 naira difference? ??

falconey:
just 6 naira difference? ??

It means a lot my brother if not you won't see motorists thronging into the petrol station.

I hope to see such changes in Lagos too.

Beremx:
It means a lot my brother if not you won't see motorists thronging into the petrol station.

I hope to see such changes in Lagos too.

the change won't be strongly felt in lagos ma'am, we have the highest rate of consumption of the pms. whether the price is low or high the demand will still be high in lagos due to the commercial activities.

falconey:


the change won't be strongly felt in lagos ma'am, we have the highest rate of consumption of the pms. whether the price is low or high the demand will still be high in lagos due to the commercial activities.

true talk

ZOMBEIS WILL START MASTURBATINg ON 6 NAIRA DIFFRENCE. if i be president 4 dis country i dont need to brainwash people because hardship has already don the job

Whats the new gist? As long as we are paying over #100 per litre, I see no reason to see this as UHURU!

What's the difference? .
was expecting from 145 to 100


let's look how it turn out to be sha

Kk

Telecommunication industry started like this n we know wat it is today.

Way to go!

CALABAR ABI NOT LAGOS

good one

Why are they reducing the money secretly?

Fall in PMS rise DPK/AGO :PFall in PMS rise DPK/AGO

Sometimes I wonder if some pple tink b4 dey talk.... Maybe u for go tif 6 naira make dem come catch u make u knw wetin dem go do u

N6 my foot,make thunder fire APC any were them gather

Some few filling station in Lagos had started to reduce it gradually..#143,#142,and #140 by October it would be 130 naira per litre

Abeg make dem reduce am too for enugu where I dey live

Simple laws of demand and supply. ITS better fuel is readily available and costly than when it's scarce. Cos whether you like it or not it will still cost us more when hoarders steps in and starts selling for ridiculous prices(like what happened before subsidy was removed when fuel was being sold for more than N200 as a result of its scarcity) .

As time goes on and supply increases, the demand will decrease and price will naturally go down as a result of competition.

Jabioro:
Some few filling station in Lagos had started to reduce it gradually..#143,#142,and #140 by October it would be 130 naira per litre

sai babaaaaaaaa

Buhari 2019-2023 loading

d change is coming as we can all see

No more subsiScam .... Petrol station go soon start promo.....

The price will gradually go down.

Pyno30:
Why are they reducing the money secretly?

because they are all members of secret societies

Well, am waiting for when we will be buying fuel at the rate of N50 per litre

Change in progress