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FG Responds To Call For Petrol Price Increase - Politics - Nairaland

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FG Responds To Call For Petrol Price Increase by free2ryhme: 9:36pm On Sep 05, 2016
The Nigerian government says it will not increase the pump price of petrol despite a demand that it should consider the removal of the price cap.

This is coming as a reaction to a request made by the forum of former Group Managing Directors of the Nigerian National Petroleum Corporation (NNPC) on Sunday.

They had called for the removal of the price cap of 145 Naira per litre, which was set in May by the Minister of Petroleum, Dr. Ibe Kachikwu, insisting that it was not harmonious with the liberalisation policy of the Federal Government.

A statement by the NNPC’S spokesman, Mr Garba Mohammed, said the 145 Naira per litre price cap did not go well together with the liberalisation policy when factors such as the foreign exchange rate, crude cost and Nigerian Ports Authority charges remain uncapped.

The price cap had been set when the dollar exchange rate at the parallel market was less than 300 Naira, with the government saying the decision was to ensure that marketers do not sell petrol at their desired price.

Giving the government’s position on the request for price review, the acting Executive Secretary the Petroleum Products Pricing Regulatory Agency (PPPRA), Sotonye Iyoyo, said that the agency would not accept the advice.

Mrs Iyoyo pointed out that the proposal was the personal opinion of the former Group Managing Directors of the NNPC.

“I am not aware that the government is planning any fuel price increase. We are in a liberalised market already,” she insisted.

On his part, the spokesman for the NNPC, Garba Mohammed, also described the advice, saying it was just an “opinion”.

The former Group Managing Directors of the NNPC also expressed concern over the declining production level of crude oil in Nigeria and its consequences on the environment and the nation’s revenue.

They fear that if the current situation is left unchecked, it could lead to the crippling of the NNPC and the nation’s oil and gas sector.

Nigeria’s crude oil production had dipped by 700,000 barrels per day (bpd) to 1.56 million bpd in the last few months due to attacks on oil installations in the Niger Delta region.

A group that calls itself the Niger Delta Avengers has claimed responsibility for most of the attacks.

It had, however, few weeks ago, said it had agreed to a ceasefire and was ready for negotiations with the Federal Government.



http://www.channelstv.com/2016/09/05/nigerian-government-responds-call-petrol-price-increase/

1 Like

Re: FG Responds To Call For Petrol Price Increase by free2ryhme: 9:37pm On Sep 05, 2016
this might be the last straw breaking the camel's back

23 Likes 1 Share

Re: FG Responds To Call For Petrol Price Increase by BeeBeeOoh(m): 9:38pm On Sep 05, 2016
Talk & deny government..

19 Likes 3 Shares

Re: FG Responds To Call For Petrol Price Increase by abokibuhari: 9:41pm On Sep 05, 2016
God will fight our battle for us

18 Likes 4 Shares

Re: FG Responds To Call For Petrol Price Increase by HolyHero: 9:42pm On Sep 05, 2016
Dangote lost 5.5billion dollars and he is still breathing fine.
I lost my 1k yesterday and my chest is doing me somehow

227 Likes 19 Shares

Re: FG Responds To Call For Petrol Price Increase by Nairastake: 9:46pm On Sep 05, 2016
Look at them, we all know you guys can lie for Africa...

24 Likes 2 Shares

Re: FG Responds To Call For Petrol Price Increase by Hiploko(m): 9:47pm On Sep 05, 2016
HolyHero:
Dangote lost 5.5billion dollars and he is still breathing fine.
I lost my 1k yesterday and my chest is doing me somehow
ahahahahahhahahahhahahahaahahahhahahahah..... Nairaland no go kee person... Hahahahhahaha

50 Likes

Re: FG Responds To Call For Petrol Price Increase by alexiej(m): 9:57pm On Sep 05, 2016
They should increase it naw. See how they said it sef, as if they are doing us a favour by not increasing it. Kuku increase it and spoil the country finish!

11 Likes 1 Share

Re: FG Responds To Call For Petrol Price Increase by jopretty(f): 10:27pm On Sep 05, 2016
HolyHero:
Dangote lost 5.5billion dollars and he is still breathing fine.
I lost my 1k yesterday and my chest is doing me somehow
hahahhahahahahahahahahhahahaa...oh lawd! Una no go kill person oo. I'm practically rolling on the floor cos of this comment.

35 Likes

Re: FG Responds To Call For Petrol Price Increase by amuokuko: 11:10pm On Sep 05, 2016
The same story we heard before thee recent increase to #145...

Buhari pls do quick increase am, Omenka nwoke onye awusa must trek with his political flat-file for this Corn-three...

16 Likes 3 Shares

Re: FG Responds To Call For Petrol Price Increase by DaudaAbu(m): 11:39pm On Sep 05, 2016
Tne news was specific;.

Former GMDs of the NNPC cannot be speaking for the FG , they are expreessing their opinion.

4 Likes

Re: FG Responds To Call For Petrol Price Increase by LasgidyPort: 1:23am On Sep 06, 2016
Nairastake:
Look at them, we all know you guys can lie for Africa...

You seem to be confused. The FG has come out to debunk a rumour and you are still saying its a lie.

Now, pls tell us what the truth is. Because it seems you know more than the FG; remember to also tell us when the increment will take effect and the price.

9 Likes 4 Shares

Re: FG Responds To Call For Petrol Price Increase by Nobody: 4:47am On Sep 06, 2016
Everything is just disorganized!!!

very "Nigerian" undecided

1 Like

Re: FG Responds To Call For Petrol Price Increase by otokx(m): 4:58am On Sep 06, 2016
Why don't we believe what he is saying?
Re: FG Responds To Call For Petrol Price Increase by eleojo23: 5:19am On Sep 06, 2016
I hope they will not change their mind later because this government is as unstable as water.

They say something today and change it tomorrow.

10 Likes 1 Share

Re: FG Responds To Call For Petrol Price Increase by onatisi(m): 5:45am On Sep 06, 2016
DaudaAbu:
Tne news was specific;.

For GMDs of the NNPC cannot be speaking for the FG , they are expreessing their opinion
The same tactics which has been used in the past will be used again , they will create an artificial fuel scarcity that to even buy a gallon of petrol for 500 naira will be difficult,after 3 weeks it is Nigerians themselves who wil be calling for the increase as long as they can get it to buy.

33 Likes 5 Shares

Re: FG Responds To Call For Petrol Price Increase by GMBuhari: 5:51am On Sep 06, 2016
It would have been nice if they increased it


Ugandans and Country developers too must feel the hardship


I know some basteurds will quote me to insult me , as they did yesterday


But they wouldn't be thinking of taxing petrol to increase country's revenue if some born basteurds weren't doing GEJ's Bidding by blowing up pipelines and cutting Nigeria's revenue


So let them tax it if they want, teachers must collect salary , students much chop , traders must trade and if no money is coming from the government , same steeeeewpyd people will blame buhari

1 Like

Re: FG Responds To Call For Petrol Price Increase by ConqueredWest: 5:56am On Sep 06, 2016
GMBuhari:
It would have been nice if they increased it


Ugandans and Country developers too must feel the hardship


I know some basteurds will quote me to insult me , as they did yesterday


But they wouldn't be thinking of taxing petrol to increase country's revenue if some born basteurds weren't doing GEJ's Bidding by blowing up pipelines and cutting Nigeria's revenue


So let them tax it if they want, teachers must collect salary , students much chop , traders must trade and if no money is coming from the government , same steeeeewpyd people will blame buhari

Ask God for a new brain angry

54 Likes 5 Shares

Re: FG Responds To Call For Petrol Price Increase by GMBuhari: 5:58am On Sep 06, 2016
So now you know your name is Bas as i said in my first post ??

ConqueredWest:


Ask God for a new brain angry
Re: FG Responds To Call For Petrol Price Increase by princemillla(m): 5:59am On Sep 06, 2016
Ee make sense jooo..... I Don dey plan to remove my tyre if petrol will sell for 152. (v6 users thought tho) grin
Re: FG Responds To Call For Petrol Price Increase by veekid(m): 8:12am On Sep 06, 2016
If buhari doesn't know the way out; he should just resign now; abi ...... this suffering is much now.
Which one be hike in PMS pump price again

3 Likes

Re: FG Responds To Call For Petrol Price Increase by simplemach(m): 8:13am On Sep 06, 2016
Hmmmmm
Re: FG Responds To Call For Petrol Price Increase by realestniggah: 8:13am On Sep 06, 2016
oga seun please disable this your anti botspam

this nonsense just dey give ban anyhow

1 Like

Re: FG Responds To Call For Petrol Price Increase by Ayoswit(f): 8:13am On Sep 06, 2016
k
Re: FG Responds To Call For Petrol Price Increase by Emeka71(m): 8:14am On Sep 06, 2016
And now I have seen very well how the possibility of petrol selling for N40.00 per litre even before this year runs out. Maybe 4 of Nigeria's refineries shall be functional.

1 Like

Re: FG Responds To Call For Petrol Price Increase by hazyfm1: 8:14am On Sep 06, 2016
angry angry angry angry


IF I HEAR

1 Like

Re: FG Responds To Call For Petrol Price Increase by Sciencs(m): 8:14am On Sep 06, 2016
angry

Increase it and see people march 2 Aso-rock d next day. Infact this govt should tag those bunch of eediots as wicked souls 4 suggesting the idea of increasing frm N145.

Awon oloshi akp'omo lekun j'aiye!!. angry

2 Likes

Re: FG Responds To Call For Petrol Price Increase by holluwai(m): 8:15am On Sep 06, 2016
HolyHero:
Dangote lost 5.5billion dollars and he is still breathing fine.
I lost my 1k yesterday and my chest is doing me somehow

Lol, your own better as na 5k I lost and e don be like say I dey craze small small. Everybody don run leave house for me.

14 Likes 1 Share

Re: FG Responds To Call For Petrol Price Increase by Phiniter(m): 8:15am On Sep 06, 2016
Re: FG Responds To Call For Petrol Price Increase by czaratwork: 8:16am On Sep 06, 2016
That is how it starts. They are testing the waters to see if we will react.

8 Likes

Re: FG Responds To Call For Petrol Price Increase by Phiniter(m): 8:17am On Sep 06, 2016
GMBuhari:
It would have been nice if they increased it


Ugandans and Country developers too must feel the hardship


I know some basteurds will quote me to insult me , as they did yesterday


But they wouldn't be thinking of taxing petrol to increase country's revenue if some born basteurds weren't doing GEJ's Bidding by blowing up pipelines and cutting Nigeria's revenue


So let them tax it if they want, teachers must collect salary , students much chop , traders must trade and if no money is coming from the government , same steeeeewpyd people will blame buhari


Eyah... You must be having serious nightmares about Ugandans... It shall be well my brother, just bath with holywater every night and they won't visit you again... Chai...

7 Likes

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