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Senate Recommends Increase In Prices Of Petrol And Diesel - Politics - Nairaland

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Senate Recommends Increase In Prices Of Petrol And Diesel by 360metrosports: 5:54pm On Jun 01, 2017
More Hard Times Await Nigerians As Senate Recommends Increase In Fuel Prices

Abuja – In spite of the biting hardship Nigerians are going through, more miseries are set to be inflicted on them through impending fuel price increase.

The proposed increase of N5 per litre on Premium Motor Spirit (PMS) otherwise called petrol and as well as on diesel, was made by the Senate Committee on Works in its final report on a Bill titled “The National Road Fund (Est, etc) Bill, 2017 (SB 21)”.

The import of the proposed fuel levy charge is that, end users (motorists) will pay N5 tax on every litre of fuel bought at any fuel station.


The Senate Committee on Works under the leadership of Senator Kabiru Gaya in the report, also advocated for the implementation of a special 0.5 percent levy on commercial vehicles passengers fares, all in a bid to raise money to pay for road constructions and maintenance.

The Bill which is part of the 11 economic reform Bills initiated by the Senator Bukola Saraki led leadership of the Senate, as contribution to economic recovery by the country, has already been endorsed by the House of Representatives.

Details later…

http://independent.ng/more-hard-times-await-nigerians-as-senate-recommends-increase-in-fuel-prices/

3 Likes 5 Shares

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by Teebouye995(m): 5:58pm On Jun 01, 2017
gez its time sango and amadioha come out of retirement, form a formidable partnership n strike out all these politicians that got notyn good to offer nigerians

2nd FTC ever, 1st was a few mins ago....all glory to God.

Dedicated to all well-meaning Nigerians. E go better

240 Likes 11 Shares

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by dumie(f): 6:01pm On Jun 01, 2017
This government is seriously anti-Nigeria
Their aim is to impoverish the masses

148 Likes 7 Shares

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by kolafolabi(m): 6:04pm On Jun 01, 2017
The hardship is too much o Lord.

To pay salary - Na wahala
To sign budget - Na problem
To build refineries - Na story
To fix road - Na trouble
To increase Electricity Mega Watts - Tomorrow no dey end

Which kind country be this God? We need your divine intervention

202 Likes 16 Shares

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by NwaEzefuNaMba(m): 6:04pm On Jun 01, 2017
which one come be this again kwa? shebi na them yan us say them go reduce fuel price if we vote them into power? Apc okwa una abiara ozo? you see why people are shouting and yelling for Biafra? the current structure ain't working for an average man! the constitution that established the house of assembly is outdated and should be dump into archive already! ewere ike tinye ofu onye na aka ona eme ka osi masi ya.

43 Likes 3 Shares

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by GavelSlam: 6:08pm On Jun 01, 2017
Your Senate.

3 Likes

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by Kemperor: 6:09pm On Jun 01, 2017
The Change is just beginning...

53 Likes 2 Shares

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by Nobody: 6:15pm On Jun 01, 2017
Useless thieves pushing trashy bills. Isn't it this cluelessly useless APC govt headed by the presidiot that promised to stabilize oil price? grin what a bunch of deformed lunatics who deserve the garbage cans and trash bins come 2019...

43 Likes 6 Shares

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by Ribajae(m): 6:42pm On Jun 01, 2017
God I thought recession was a temporary something as described by oxford dictionary...
angry

49 Likes 1 Share

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by decatalyst(m): 6:43pm On Jun 01, 2017
Teebouye995:
gez its time sango and amadioha come out of retirement, form a formidable partnership n strike out all these politicians that got notyn good to offer nigerians

I pray suffering and hardship visit them. Sickness that will bedrid them with no cure money can buy be their portion.

The governors stealing and withholding worker's salaries are not being forced to pay. Crime rate is already on the high side, yet these shameless and useless bunch of people want to increase price of fuel?sad

18 Likes 2 Shares

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by AdeniyiA(m): 7:08pm On Jun 01, 2017
Those people should be stoned...! undecided angry

9 Likes

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by PatriotTemidayo: 7:17pm On Jun 01, 2017
Senate does not have such power, they can only advice, they cannot hike fuel price, only the executives through PPPRA does.

Let the executive be honest and not hang its heartlessness on the senate.

12 Likes 1 Share

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by brainpulse: 7:31pm On Jun 01, 2017
Where are the supporters of Speaking and Dino. Senate is the enemy of Nigerians and the masses.

11 Likes

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by malton: 7:32pm On Jun 01, 2017
This has to be the most heartless government Nigerians have had to endure.

All they know how is tax tax tax.

Vagabonds in power!

And before you think it, save the economic explanations. We ain't interested.

31 Likes

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by idris4r83(m): 7:32pm On Jun 01, 2017
The thunder that will fire all these senators is still doing ramadan fasting.

38 Likes 1 Share

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by ephi321(f): 7:32pm On Jun 01, 2017
kolafolabi:
The hardship is too much o Lord.

To pay salary - Na wahala
To sign budget - Na problem
To build refineries - Na story
To fix road - Na trouble
To increase Electricity Mega Watts - Tomorrow no dey end

Which kind country be this God? We need your divine intervention

It's a sad case.

It's not like Nigerians were enjoying before, but these past 2 years have been significantly worse.

51 Likes 1 Share

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by Segadem(m): 7:32pm On Jun 01, 2017
angry
AdeniyiA:
Those people should be stoned...! undecided angry
stone ke, they need visitation from boko haram

5 Likes

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by LockDown69(m): 7:32pm On Jun 01, 2017
We are dead! shocked
Re: Senate Recommends Increase In Prices Of Petrol And Diesel by STFUand4kMeHARD(m): 7:32pm On Jun 01, 2017
PatriotTemidayo:
Senate does not have such power, they can only advice, they cannot hike fuel price, only the executives through PPPRA does.

Let the executive be honest and not hang its heartlessness on the senate.

Exactly!

1 Like

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by rozayx5(m): 7:32pm On Jun 01, 2017
APC : HARDSHIP

BUHARI : FAILURE


BUHARIS TEAM: MISFITS

Nigeria? a zoo


end of story

51 Likes 2 Shares

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by whirlwind7(m): 7:32pm On Jun 01, 2017
grin
When will these bloody crooks recommend a cut in their pay as palliative measure to bring down the cost of running government?

These breed of politicians seemed to have made a deal with the devil to dispatch helpless citizens to their early graves.

27 Likes 4 Shares

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by adebsam(m): 7:32pm On Jun 01, 2017
Iyalaya won o

1 Like

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by Newbiee: 7:32pm On Jun 01, 2017
God punish them

2 Likes

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by Segadem(m): 7:32pm On Jun 01, 2017
PatriotTemidayo:
Senate does not have such power, they can only advice, they cannot hike fuel price, only the executives through PPPRA does.

Let the executive be honest and not hang its heartlessness on the senate.

huu
Re: Senate Recommends Increase In Prices Of Petrol And Diesel by brainpulse: 7:33pm On Jun 01, 2017
PatriotTemidayo:
Senate does not have such power, they can only advice, they cannot hike fuel price, only the executives through PPPRA does.

Let the executive be honest and not hang its heartlessness on the senate.

its the same na. They are recommending is same as advice and we all know if they wanted it by force they know how to hand twist the executive. We now know senate is the enemy of the masses

1 Like

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by Nobody: 7:33pm On Jun 01, 2017
We have no choice...


Should have removed fuel subsidy in 2012....but no, cheap fuel price was better than sensible economic decisions.



Thing is....so long as we keep on importing fuel to meet our needs....expect price increases.

And so long as oil stays at $50 ......that means no cash for subsidies....expect price increases.

We need more refineries....and better public transport.

5 Likes

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by veekid(m): 7:33pm On Jun 01, 2017
Make dem kuku kill us now

3 Likes

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by caxlani: 7:33pm On Jun 01, 2017
GavelSlam:
Your Senate.
Re: Senate Recommends Increase In Prices Of Petrol And Diesel by gurunlocker: 7:33pm On Jun 01, 2017
We must enjoy this change together.....

4 Likes

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by davodyguy: 7:33pm On Jun 01, 2017
Sick people

I wish I know the name of the chairman of that committee.

Whilst it is necessary to have a special funds for roads projects, its also necessary to note issues as

1) Corruption: that endemic corruptive nature of Nigerians. Who manages the funds? How can we ensure its judiciously used?
2) Why can't the Senate urge the CBN to reduce the exchange rate for fuel importers, thereby that 5 naira would not be noticed by Nigerians?. Here it is. Fuel importers get Dollars at 305 naira. CBN can reduce the exchange rate for fuel importers by N5 hence the price drops to 140, whilst the 5naira on top goes for the road


Note that Ambode that is fixes all the roads in Lagos State and touching every councils isn't doing so by performing magic.

Every month, he deducts 70% from the federal allocations to each of the 20LGA. Many people wouldn't know this

The policemen stationed at strategic locations in Lagos gets supported via the Lagos State Security Trust Fund. Many people contribute to these funds, whilst its used to service the policemen on special duties.

We can't fix all roads, without special funds

8 Likes

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by Nobody: 7:33pm On Jun 01, 2017
Teebouye995:
gez its time sango and amadioha come out of retirement, form a formidable partnership n strike out all these politicians that got notyn good to offer nigerians

hahaha....
and Nigerians abroad always say "hey, its not greener in the other side"

Rihanna found love in a hopeless place.

I found myself in a useless place

9 Likes

Re: Senate Recommends Increase In Prices Of Petrol And Diesel by BTT(m): 7:33pm On Jun 01, 2017
Finally, the shit is coming home...
Goats all of them.

1 Like

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