PPPRA: We No Longer Fix The Price Of Petrol - Politics (2) - Nairaland
Nairaland Forum / Nairaland / General / Politics / PPPRA: We No Longer Fix The Price Of Petrol (14602 Views)
Buhari Submits PIB To National Assembly, Scraps NNPC, PPPRA In New Bill / PPPRA Increases Price Of Petrol From N140.80 To N143.80 Per Litre / PPPRA Sacks 34 Staff To Employ Hadiza, Buhari's Daughter - Sahara Reporters (2) (3) (4)
| Re: PPPRA: We No Longer Fix The Price Of Petrol by masterpix(m): 6:32am On Jun 29, 2020 |
post=91184547:Were was you and your darling president in 2016 and the worst ever in 2017 that scarcity reach the all time high peak worst ever. Can't forget that year as I have to pay 5times of the normal price in the history of festive time, tho 2018 and 2019 was normal price only this you can talk of as they were no increase of the commodity. 3 Likes |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by jericco1(m): 6:34am On Jun 29, 2020 |
Story story |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by VisioDirect: 6:34am On Jun 29, 2020 |
This means Dangote is about commence production. |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by TroubleMaker47(m): 6:42am On Jun 29, 2020 |
That mean your agency has become redundant! Close!!! |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by ucheHapers(m): 6:44am On Jun 29, 2020 |
They would deny this story tomorrow, just watch |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by kingjoe(m): 6:47am On Jun 29, 2020 |
These guys are just confused and funny at the same time.they want to say something but they don't know how to say it. Let me tell you what they want to say- THERE is going to be an increase in pump price of petroleum products very soon once there is increase in cost of crude in the international market".but we will oppose it let me tell you guys. Crude oil has been between 25- 35 dollars per barrel for some time now.and the pump price of pms is 123-125naira.so let's assume it increases to 75dpb .the cost will rise to 200 -250 naira.we can't take it. Why? We cannot suffer for the government's incompetence. Why haven't them repaired our refineries over the years or build new ones even the modular ones. Why should they not be able to protect our borders from smugglers to neighbouring countries.(they argue that due to our relatively low price compared to our neighbours ,smuggling it there is a lucrative business.) The country is disorganized and corrupt that forex meant for importation is hard to get through the banks .there is no guarantee of forex through banks which leads to overpriced black market |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by Franklyspeakin: 6:47am On Jun 29, 2020 |
Kaiiii so u HV finally come out. Bro u have finally seen something good abt bubu to talk about for a long while. Welcome and this is one buharis policy that I like. Bit its like petroleum marketer's in my state have gone to form union. Same price every WHR 123.50. post=91184547: |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by Oyiboman69: 6:49am On Jun 29, 2020 |
post=91184547: 1 Like
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| Re: PPPRA: We No Longer Fix The Price Of Petrol by Awoo88: 6:50am On Jun 29, 2020 |
If you don't fix price, please don't fix the number of importers. You can fix quality instead |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by ofiko123(m): 6:53am On Jun 29, 2020 |
So who now fixes the price of petroleum?? |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by adecz: 6:54am On Jun 29, 2020 |
Can any Nigerian identify any single benefit the good people of this country have gained during the government of Buhari? Just one benefit!! I am waiting!! 
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| Re: PPPRA: We No Longer Fix The Price Of Petrol by JuicePac(m): 6:55am On Jun 29, 2020 |
Noted |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by fredoooooo: 6:56am On Jun 29, 2020 |
post=91184547: God bless Nigeria |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by ojaysam25(m): 7:05am On Jun 29, 2020 |
So what are your duties then...syphoning money abi
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| Re: PPPRA: We No Longer Fix The Price Of Petrol by yangzi470(f): 7:12am On Jun 29, 2020 |
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| Re: PPPRA: We No Longer Fix The Price Of Petrol by Newphil: 7:13am On Jun 29, 2020 |
Dangote refinery will soon come on stream, hence the need to liberalised the downstream. |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by hush15: 7:13am On Jun 29, 2020 |
jarawa: Price is about to go up... Nigerians should brace up for impact. |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by Chirowman(m): 7:22am On Jun 29, 2020 |
good |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by codedguy1(m): 7:26am On Jun 29, 2020 |
kingjoe: Anyone who thinks what these idiots are saying is a good thing is dreaming. You have just captured it very well. They are a bunch if confused, insensitive, selfish, wicked and parochial people who think they are intelligent. Unless there is resource control, any form of allowing international crude prices determine our fuel price is just hogwash. You have no refinery working and you want yo allow crude price determine your local consumption. Either way the people get to suffer. 1 Like |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by toprealman: 7:32am On Jun 29, 2020 |
nateDZA:Or Aramco |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by jayson87: 8:12am On Jun 29, 2020 |
They don start again. We don't fix price, but still price regulated...
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| Re: PPPRA: We No Longer Fix The Price Of Petrol by TenthMan(m): 8:32am On Jun 29, 2020 |
This agency should be merged with the Department of Petroleum Resources (DPR) and that so called DPR needs to be upgraded to a proper Commission. The NNPC should be removed from the Ministry of Petroleum Resources and be made into a full business entity subject to every regulation in the country. It should not be protected as if it is a regulatory agency. And it needs to stop acting as if it is above the law. NNPC is a business and should be treated as such. By now that agency should be selling shares to the public. Some proportion of its equity. We should try as much as possible to have a single strong regulatory agency for the oil and gas industry. A single strong, versatile and vibrant Commission/Agency. Such an agency must be versatile enough to regulate while also ensuring that opportunities are created for business and investment so that local industry and investors can utilize these benefits to create value for the country. Every organization/MDA in Nigeria is trying to claim relevance. Especially the ones that fear the merger or scrapping. This is the same thing you see with Civil Defense trying to avoid being merged with the Police. These agencies are all afraid of the proposed merger and scrapping which will affect many MDAs. Hence they are all struggling to claim they are performing one special function. They even go as far as sponsoring labor organizations to take their sides. They are also lobbying the legislature to be on their side. This is the same thing with NOSDRA who is supposed to handle only Tier 3 Spills. But is today uselessly fighting even its parent Ministry (Ministry of Environment) for relevance. It goes beyond its mandate in many cases. Constantly tries to malign other agencies in the media with ignorant and unverified claims and in a shameless and clandestine manner, proposes bills to take over everything concerning environmental protection in the oil and gas industry. An organisation that was erroneously established which should have no function until their is a National Oil Spill. By their name they are to Detect and Respond to National Oil Spills and not regulate. But they have gone beyond this mandate. The question is that these agencies were created without thought with duplicity of function, making the oil and gas industry groan under this weight of regulatory burden. The shocking thing is that with all these agencies in Nigeria, the country is still lacking adequate regulatory enforcement. The masses still suffer from unwholesome practices. The PPPRA should be merged with the Department of Petroleum Resources, including PEF, etc. All regulators in the Ministry of Petroleum Resources should be merged with the DPR. As for the NNRA, why are they only focused on Oil ad Gas? Cede the full regulation of radiation activities in the oil and gas industry to the DPR like the aspect of HSE, while the NNRA Focuses on other industries/sectors. The DPR should then have its name changed to a commission of sort. Nigerian Oil and Gas Regulatory Commission/Nigerian Petroleum Regulatory Commission/Nigerian Hydrocarbons Regulatory Commission. The price control function can be performed by the DPR. Firstly, let the prices be established by commerce in the free market. Equip Depot owners and marketers to be able to import the product while we work out our refining capacity problems. In such a situation prices will shift to maintain the balance between supply and demand. The new DPR should then ensure that no marketer hoards the product. Serious surveillance, which is also part of their function anyway. Let there be no artificial scarcity and let there be no diversion. When this is done, demand and supply will continue to determine market value. Price Control which the PPPRA is stylishly doing cannot be a long term thing because in the long run it will eventually lead to shortages, rationing, inferior product quality, and black markets. Various countries that have attempted fixing gasoline prices have recorded these disadvantages. The Stephen Oransanye Report still needs to be critically looked at. Critically. Then these duplication of functions needs to be adequately addressed. It will reduce cost of Governance and allow Nigerians benefit from proper regulation which sets out to protect them from unwholesome practices. https://www.lawyard.ng/wp-content/uploads/2020/04/Steve-Oronsaye-Report.pdf 2 Likes |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by Nobody: 9:11am On Jun 29, 2020 |
post=91184547:Stop lying fuel scarcity stopped under Jonathan |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by Tjaywest(m): 9:23am On Jun 29, 2020 |
post=91184547: na God go punish all these zombies wey de follow this wicked president and its cabinet. after putting Nigerians in so.much hardship, I can't believe we still have people like this. Nigeria have a long way to progress... |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by YaxxVille(m): 2:21pm On Jun 29, 2020 |
I thought fixing of petrol price is your sole job. You should as well close down the office then. |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by awele186: 2:48pm On Jun 29, 2020 |
Smh This agency should be merged with the Department of Petroleum Resources (DPR) and that so called DPR needs to be upgraded to a proper Commission. The NNPC should be removed from the Ministry of Petroleum Resources and be made into a full business entity subject to every regulation in the country. It should not be protected as if it is a regulatory agency. And it needs to stop acting as if it is above the law. NNPC is a business and should be treated as such. By now that agency should be selling shares to the public. Some proportion of its equity. We should try as much as possible to have a single strong regulatory agency for the oil and gas industry. A single strong, versatile and vibrant Commission/Agency. Such an agency must be versatile enough to regulate while also ensuring that opportunities are created for business and investment so that local industry and investors can utilize these benefits to create value for the country. Every organization/MDA in Nigeria is trying to claim relevance. Especially the ones that fear the merger or scrapping. This is the same thing you see with Civil Defense trying to avoid being merged with the Police. These agencies are all afraid of the proposed merger and scrapping which will affect many MDAs. Hence they are all struggling to claim they are performing one special function. They even go as far as sponsoring labor organizations to take their sides. They are also lobbying the legislature to be on their side. This is the same thing with NOSDRA who is supposed to handle only Tier 3 Spills. But is today uselessly fighting even its parent Ministry (Ministry of Environment) for relevance. It goes beyond its mandate in many cases. Constantly tries to malign other agencies in the media with ignorant and unverified claims and in a shameless and clandestine manner, proposes bills to take over everything concerning environmental protection in the oil and gas industry. An organisation that was erroneously established which should have no function until their is a National Oil Spill. By their name they are to Detect and Respond to National Oil Spills and not regulate. But they have gone beyond this mandate. The question is that these agencies were created without thought with duplicity of function, making the oil and gas industry groan under this weight of regulatory burden. The shocking thing is that with all these agencies in Nigeria, the country is still lacking adequate regulatory enforcement. The masses still suffer from unwholesome practices. The PPPRA should be merged with the Department of Petroleum Resources, including PEF, etc. All regulators in the Ministry of Petroleum Resources should be merged with the DPR. As for the NNRA, why are they only focused on Oil ad Gas? Cede the full regulation of radiation activities in the oil and gas industry to the DPR like the aspect of HSE, while the NNRA Focuses on other industries/sectors. The DPR should then have its name changed to a commission of sort. Nigerian Oil and Gas Regulatory Commission/Nigerian Petroleum Regulatory Commission/Nigerian Hydrocarbons Regulatory Commission. The price control function can be performed by the DPR. Firstly, let the prices be established by commerce in the free market. Equip Depot owners and marketers to be able to import the product while we work out our refining capacity problems. In such a situation prices will shift to maintain the balance between supply and demand. The new DPR should then ensure that no marketer hoards the product. Serious surveillance, which is also part of their function anyway. Let there be no artificial scarcity and let there be no diversion. When this is done, demand and supply will continue to determine market value. Price Control which the PPPRA is stylishly doing cannot be a long term thing because in the long run it will eventually lead to shortages, rationing, inferior product quality, and black markets. Various countries that have attempted fixing gasoline prices have recorded these disadvantages. The Stephen Oransanye Report still needs to be critically looked at. Critically. Then these duplication of functions needs to be adequately addressed. It will reduce cost of Governance and allow Nigerians benefit from proper regulation which sets out to protect them from unwholesome practices. https://www.lawyard.ng/wp-content/uploads/2020/04/Steve-Oronsaye-Report.pdf [/quote] |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by alphaNomega: 4:28pm On Jun 29, 2020 |
post=91184547:I swear this was one of the single, greatest grudge I had against the previous administration! The fuel scarcity that was regular every December, slowly started involving the months of November and January. Anytime I think of it, I get mixed feelings because the present admin is not doing any better in other aspects but you this Christmas/New year fuel scarcity, they really solved the issue. Last time this happened was in 2017 and ever since, no bastard has reared his head to hoard petroleum products! 1 Like 1 Share |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by alphaNomega: 4:33pm On Jun 29, 2020 |
Tjaywest:We know the present administration is not doing well for everyone. But ask yourself this question, when was the last time you enjoyed a New year holiday under the previous admin without hustling for fuel? People and their families spent holidays in front of gas stations! Some were even stranded on the road because some fellow Nigerians who were privileged to import petroleum products decided to steal from the government and make you and I suffer for it. Stealing is going on till today and we would never know the gravity of the situation until an opposition wins the next election. Just ask yourself, be honest, when was the last time you enjoyed a fuel scarcity-free new year holiday with the former admin? |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by alphaNomega: 4:35pm On Jun 29, 2020 |
adecz: Apart from 2017 Christmas/New year, we do not have to suffer to buy fuel during yuletide anymore. |
| Re: PPPRA: We No Longer Fix The Price Of Petrol by alphaNomega: 4:36pm On Jun 29, 2020 |
Igbochief001:Stop saying this. It must be that you need medical help to remember some events or you were a child during the Jonathan administration. |
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