I had predicted the fall of petroleum pump price at the commencement of this deregulation but some pocket economists on Nairaland thought otherwise. I have friends who own filling station who had hitherto hoarded fuel thinking that I hey will hit it big.: now they are not finding it funny because of low patronage

falconey:
just 6 naira difference? ??

N6 *1,000,000 =N6,000,000

buhari can only return us to wwhere pdp left us

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

You won't know the value of that 6naira until you meet a stockbroker.

989900:
Things are changing.

......after four years of wilderness journey.

I wonder o. Let the government increase the price of petrol by the same meagre #6 and see whether this same sets of people won't be the first to hang them. We are talking about the law of demands here. Human wants is insatiable and no matter how much a marketer is making, he/she will always want to make more and build a heaven on earth. They understand the effect of a little price change on their revenue. When most customers refuse to patronise other marketers, it will force them to reduce price also. And this might continue like that until it became almost impossible to reduce price further without incurring a loss. This is what happened in the telecom industry when Etisalat came onboard. We pray for more reductions like this.

MVLOX:
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

falconey:
just 6 naira difference? ??

Oga na gradually o. If by every month,6naira dey commot,change don happen be dat o!

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

exactly. same example i was givin smone a week ago bt he was like "this wan different frm tht wan" this is fuel

I just bought it now @135 in zaria kaduna state.

falconey:
just 6 naira difference? ??

wen last u dash out ordinary 5naira? try go steal 1naira 4 market weda u'll live to tell d story

sai baba

One of the reasons subsidy payment was high was due to petroleum products illegally transported out of the country for higher gains by some greedy fellows. Another was cooking the books to claim money for products which were never imported.

Hence, the removal of subsidy is a bitter pill that will later have visible benefits on the health of Nigeria.

He is still making close to 35 naira as profit on every litre of pms sold and his rate of turnover will increase cos more people will patronize him

It's more of a business decision than giving back to customers

I wonder o. Na u dey mind them. Let the government increase the price of petrol by the same meagre #6 and see whether this same sets of people won't be the first to hang them. We are talking about the law of demands here. Human wants is insatiable and no matter how much a marketer is making, he/she will always want to make more and build a heaven on earth. They understand the effect of a little price change on their revenue. When most customers refuse to patronise other marketers, it will force them to reduce price also. And this might continue like that until it became almost impossible to reduce price further without incurring a loss. This is what happened in the telecom industry when Etisalat came onboard. We pray for more reductions like this.

MVLOX:
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

I started buying it for N140 in Lagos last week...

If it like make it be 10naira a liter it knw concern me 4 leg or hand ooo .

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.

When gej reduced it by 10 naira before 2015 elections, zombies mocked it that they don't need 10 naira change. Now you guys are praising 6 naira change.
It it because it's buhari?

Hypocrisy of the highest order!

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

Brainless! 3 months ago you were buying it 86.50.

Two nnpc filling stations along lekki epe expressway sell @135. Some independent marketers along dt axis also sell @135

BABANGBALI:
sai babaaaaaaaa

Buhari 2019-2023 loading

I think say it don load. Still loading? Sorry!!!

DonCortino:

Brainless! 3 months ago you were buying it 86.50.

Yes I was with the help of subsidy

competition Nd promotion soon to set in.......Eventually the prize of PMS would drop......I see a better Nigeria....

One day, we will get it right.keep it up PMB!!!

picture or i donbilive it

sweettweet:
Two nnpc filling stations along lekki epe expressway sell @135. Some independent marketers along dt axis also sell @135

Good to hear this!!!

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.

already in Lagos...nnpc along awoyaya selling for 135 and jimken along Lagos ibadan road selling for 140

Nice. I love this. I was so happy when I saw it at N140 in Ibadan today. I hope it can come down to N100 before the end of the year.

antispexish:
pump price reduction spreading to calabar
www.punchng.com/motorists-surge-calabar-filling-station-reduction-pms-n139/

dats goodnews shaa,but how are we sure there was no adjustment in their metres,u can trust anyone in naija anymore..

falconey:
just 6 naira difference? ??

It means alot o. At 145 naira par litre , 1k will give you just 6.9 litres, meanwhile, at 139 naira par litre you get a whopping 7.2 litres. Cumulatively, that is something.


Yes , price war has just started in calabar. I SEE HOPE.

antispexish:
pump price reduction spreading to calabar
www.punchng.com/motorists-surge-calabar-filling-station-reduction-pms-n139/

THANK GOD FOR D REMOVER OF D SUBSIDY COS IT'S NOT MENT 4 D POOR

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.

fuel is #135 in sangotedo, Ajah Lagos. Not even any queue at the station there. Ask questions...