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Nairaland Forum / Nairaland / General / Politics / Petrol Price May Hit ₦190 As Oil Nears $60 (12717 Views)
Diesel Price May Hit N1,500/litre, 75% Filling Stations Closed – Marketers / Oil Nears $56, FG May Reintroduce Fuel Subsidy / Petrol Price May Hit N180 As Oil Nears $50 (2) (3) (4)
Petrol Price May Hit ₦190 As Oil Nears $60 by adenigga(m): 5:15am On Feb 08, 2021 |
Marketers have said with the current realities in the global crude oil markets, the price of Premium Motor Spirit (petrol) in Nigeria should be between N185 and N200 per litre, unless the government wants to subsidise the product, ’FEMI ASU reportsSource: https://m.punchng.com/Business/Petrol-price-may-hit-N190-as-oil-nears-$60
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Re: Petrol Price May Hit ₦190 As Oil Nears $60 by Nobody: 5:16am On Feb 08, 2021 |
Wonder why we cannot just face reality and DEREGULATE. Niger is exporting fuel because they sell fuel at N377 per liter...and as such they have the profits to fix their refienry and upgrade it if need be, Nigeria is subsidising fuel...with our limited dollar earning, and even then, we are finding it difficult to keep up the subsidising because the oil price is not high enough for us to earn the revenue to do so. Deregulaiton is the answer...since 1993. 4 Likes 2 Shares |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by Nobody: 5:22am On Feb 08, 2021 |
Key points from the article The upturn in global oil prices last week has again brought to the fore marketers’ concerns over the non-implementation of the full deregulation of the downstream petroleum sector as the pump prices of petrol have been left unchanged for more than two months. Still paying subsidy, but wait... The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, told our correspondent that the implementation of the new freight rate would lead to petrol price increase. At the bolded is why we should not be subsidisng fuel, and why we should let the marketers determine the price. But love for cheap fuel is what got us here...(and is one of the reasons why Nigerians even voted APC self). Also, fuel smuggling is happening...because in neighbouring countries, they sell fuel above N300 per liter...so why won't someone smuggle fuel out of the country and make a profit? Yet, we won't face reality and remove subsidy. 3 Likes 2 Shares |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by Icyexpressions: 5:25am On Feb 08, 2021 |
Who let the dog out? 1 Like |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by Tolumiide: 5:25am On Feb 08, 2021 |
I don't care anymore. If they like, they should increase it to ₦910 per litter. Nothing in this country will give me headache again. 65 Likes 3 Shares |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by pickatyouu: 5:25am On Feb 08, 2021 |
Petrol don turn crypto, wey we go dey expect all time high. Useless government 26 Likes 2 Shares |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by siraj1402(m): 5:25am On Feb 08, 2021 |
Let's go there. |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by femi4: 5:26am On Feb 08, 2021 |
We are going to N200 per litre....sai Baba 10 Likes |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by IamPlato(m): 5:26am On Feb 08, 2021 |
... My people we need a leaders with fresh brain not the ones with Agege bread brain. My people help grow my YouTube channel watch time and subscribe... The link in my signature is a video of Nigerian youths discussing insecurity in Nigeria, it's a very powerful and exposing conversation you need to watch. The solution to Nigeria's problem was stated there. If my signature doesn't work then check my profile for my post on insecurity in Nigeria Click to watch |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by ArmaniUhuru: 5:27am On Feb 08, 2021 |
Hope the darling daddy chanter is seeing what his darling daddy’s olodo leadership is causing his darling country. 31 Likes 4 Shares |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by ratiken(m): 5:27am On Feb 08, 2021 |
What an irony of a country with massive crude deposits and multi refineries yet cannot refine crude for her own consumption. Make no mistake about it, the entire globe thinks Nigerians are crazy...... and we are. Someone up there is making excuses already for this nonsense. I think the masses are already close to fighting for their lives or die of outright hunger. 29 Likes 4 Shares |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by Nobody: 5:27am On Feb 08, 2021 |
Sai Baba Sai Change At least we at vulturebbqrillz will be buying fuel at 50 naira per litre to grill our vultures while the rest of Nigerians will be buying at 190 naira. 41 Likes 7 Shares |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by bayelsaowei(m): 5:29am On Feb 08, 2021 |
Mtsheew |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by FreeSpirited: 5:30am On Feb 08, 2021 |
I will prefer it's doubled or tripled sef...maybe enough suffering will push Nigerians to have sense and do proper revolutionary protest, not the Endsars some old fools refuse to join cos they think the youth are selfish and senseless 35 Likes 4 Shares |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by Kaduna1stson: 5:32am On Feb 08, 2021 |
We should be grateful for once in this country, Buhari is really trying. If it's during the regime of the otuoke drun.kard. , fuel was selling for over #780. 3 Likes 2 Shares |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by 234GT(m): 5:34am On Feb 08, 2021 |
Time to buy a horse for daily commuting. 10 Likes |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by otownmp3: 5:35am On Feb 08, 2021 |
My comment on front page |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by WiszyFraud: 5:39am On Feb 08, 2021 |
Damnnn.. This govt just love anything wey go cus more suffer to the already suffering citizens 2 Likes |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by Nobody: 5:40am On Feb 08, 2021 |
234GT: Horse is more expensive than car in terms of upkeep. 5 Likes |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by Tedpgrass: 5:41am On Feb 08, 2021 |
Biko why . |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by Oshokalo: 5:45am On Feb 08, 2021 |
FreeSpirited:abi na,protest that will involve everybody |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by rawtouch: 5:48am On Feb 08, 2021 |
ghen ghen |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by Nobody: 5:51am On Feb 08, 2021 |
FreeSpirited: The problem is, if we reduce fuel to N40 per liter...which is what you want am sure...the marketers and NNPC won't earn enough of a profit to even import the fuel they want to sell, and at the end of the day, there would be massive scarcity and fuel would be sold on the black market for N600 or more per liter. Plus, it would have a negative effect on our economy. And we would drain our forex revenues sustaining low oil prices |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by nanauju(f): 5:52am On Feb 08, 2021 |
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Re: Petrol Price May Hit ₦190 As Oil Nears $60 by Seniorwriter(m): 5:52am On Feb 08, 2021 |
Soon to be #200 per liter That's what this present clueless FG wants. Population 200million+ PMS price #200+ per litre. SMH We are in a very big mess with these crop of leadership personnel in all strata of governance. I'm surprised Occupy Nigeria Group Members are docile even with all these occurencies ...i expect by now they'll take to the street as per their resolve back then on fuel hike issues Only in Nigeria you'll see activists change like chameleon!!! Proactivity Leads To Productivity !!!! @SeniorWriter 4 Likes |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by naijadrivablog: 5:53am On Feb 08, 2021 |
If you no get money, buy 4 cylinder car jeje |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by pretydiva(f): 5:54am On Feb 08, 2021 |
Buhari scammed over 180 million people. Choi. The economy is getting worse by the day 4 Likes |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by Nobody: 5:55am On Feb 08, 2021 |
Seniorwriter: Niger is poorer than we are, and they pay N377 per liter for fuel As a result, they have the profit to repair and maintain their single refinery effectively. Not like Nigeria, where we import fuel at above N200 per liter, and waste millions paying subsides to keep prices low. Money that couldd have been used for....refinereis. |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by Nobody: 5:56am On Feb 08, 2021 |
Imagine an oil producing state being adversely affected by an increase in oil prices So unlike before, increase in oil prices should no longer come as good news to Nigerians, because while government revenue is increasing, expenditure is equally increasing for the populace. Even the crude that is the one good eye we have is now shooting us in the foot 8 Likes |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by gambia(m): 5:56am On Feb 08, 2021 |
It's much expected, Buhari is a failure, anyday, anytime. 2 Likes |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by Anneka101(f): 5:59am On Feb 08, 2021 |
I know the price would definitely get to 200 before the end of the year |
Re: Petrol Price May Hit ₦190 As Oil Nears $60 by jacoik(m): 6:01am On Feb 08, 2021 |
ArmaniUhuru:lolxxxxx hahahaha I swear guy u captured it well. darling daddy chanters lolxxxxx |
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