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Subsidy: Petrol Price Will Come Down, Says NNPC - Politics (2) - Nairaland

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Falana Says NNPC’s Decision To Increase Pump Price Of Petrol Is Illegal / Subsidy: Petrol Hits N1,200 Per Litre In Ebonyi / Without Subsidy Petrol Will Cost ₦462/litre, Says NNPCL (2) (3) (4)

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Re: Subsidy: Petrol Price Will Come Down, Says NNPC by ceaser: 12:54pm On Jun 01, 2023
This Mele Kyari is one of the criminals that deserve to be sentenced to execution by the peoples court.

3 Likes

Re: Subsidy: Petrol Price Will Come Down, Says NNPC by Postinor: 12:56pm On Jun 01, 2023
I trust tinubu's decisions,he is a great economist,he is 💯 better than a trader in anambra
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by dondodo: 12:56pm On Jun 01, 2023
Obi is coming
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by Vision101(m): 12:57pm On Jun 01, 2023
@LeoDeKing
Competition will force down the price, yet you pegged the price, total bullshit.

Truly, removal of subsidy is synonymous to liberalisation of the industry, but then, why fixing prices?

Besides, Petroleum marketers have association, that is the where a price is fixed. Any marketer who sells in defiance to the agreed price will be sanctioned.

So stop the dogshit of prices coming down on account of any imaginary competition.


@me
Nnpc didn't peg any price. Nnpc fixed their retail economic price. Any marketer is at liberty to fix their own economic price either lower or higher.

If you want to buy fuel now you have to shop around for the lowest price. No regulated price anymore.

5 Likes

Re: Subsidy: Petrol Price Will Come Down, Says NNPC by fabolouz1(m): 12:58pm On Jun 01, 2023
Same thing that was said since president obj.time.
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by thisisit: 12:59pm On Jun 01, 2023
WOE UNTO YOU NNPC MGT & MINISTER OF PETROLEUM FOR THE LAST 8 YEARS.
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by sammysneh(m): 1:00pm On Jun 01, 2023
Which way naija,this country na hell fire nothing wey pesin wan tell me

I sha hear say with ur Apc card u will get fuel at 198 per litre

1 Like

Re: Subsidy: Petrol Price Will Come Down, Says NNPC by iReddington: 1:00pm On Jun 01, 2023
LeoDeKing:
[b][/b]
Competition will force down the price, yet you pegged the price, total bullshit.

Truly, removal of subsidy is synonymous to liberalisation of the industry, but then, why fixing prices?

Besides, Petroleum marketers have association, that is the where a price is fixed. Any marketer who sells in defiance to the agreed price will be sanctioned.

So stop the dogshit of prices coming down on account of any imaginary competition.

NNPC only fixed priced at their own retail outlets, other marketers of the commodity can set their own prices. That's the competition he's talking about.

3 Likes

Re: Subsidy: Petrol Price Will Come Down, Says NNPC by Omoawoke: 1:00pm On Jun 01, 2023
Petroleum is a necessity and it is a different product from laptop.
The sellers have the bargaining power and determine the price in the market.
This is dumb
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by Blestedo75: 1:01pm On Jun 01, 2023
Pseudo economics. What has ever come down in Nigeria. Even cement which market has been liberalized, has it come down. Build refineries and stop this speculation on Dangote refinery for price regulation.
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by lordswill03: 1:01pm On Jun 01, 2023
When exactly
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by freemanq(m): 1:04pm On Jun 01, 2023
If nnpc pen their price at over 500, what the hell is this Animal talking about?
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by Festflor: 1:06pm On Jun 01, 2023
Damage control?
Don't try to woo us. We are already aggrieved and fed up with this unholy alliance of the new bad government.

Re: Subsidy: Petrol Price Will Come Down, Says NNPC by MrAmbrose(m): 1:07pm On Jun 01, 2023
Let's hope so.
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by Truthshscrazy: 1:08pm On Jun 01, 2023
LeoDeKing:
[b][/b]
Competition will force down the price, yet you pegged the price, total bullshit.

Truly, removal of subsidy is synonymous to liberalisation of the industry, but then, why fixing prices?

Besides, Petroleum marketers have association, that is the where a price is fixed. Any marketer who sells in defiance to the agreed price will be sanctioned.

So stop the dogshit of prices coming down on account of any imaginary competition.
Interesting
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by Leonstokes: 1:08pm On Jun 01, 2023
Thanks for sharing information... mybkexperience.com
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by chrisxxx(m): 1:09pm On Jun 01, 2023
nairalanda1:
Prices will come down

It happened with the GSM sector. SIM cards were expensive in 2001. So expensive that as a student, I laughed when someone like V -mobile came advertising with their then N20000 package. (Just the sim).

Now, thanks to competiton, the prices of a SIM are so low, I've gone through over 5 of them in the last 14 years. Lol.

The same thing will happen with fuel...but it won't be below 200 naira anymore. That ship has sailed.
Do you have head at all? How do u compare communication with oil?

1 Like

Re: Subsidy: Petrol Price Will Come Down, Says NNPC by slowice(m): 1:09pm On Jun 01, 2023
We have no working refinery but you expect price to fall.... Lol


They failed to do the first things but went on to implement the last things but still expect positive results.... No be juju be that?

1 Like 1 Share

Re: Subsidy: Petrol Price Will Come Down, Says NNPC by ELKHALIFAISIS(m): 1:09pm On Jun 01, 2023
It will be better they rename Nigeria to will... because I never see have in their statements from empty promises to another emptiness
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by SmartyPants(m): 1:10pm On Jun 01, 2023
LeoDeKing:
[b][/b]
Competition will force down the price, yet you pegged the price, total bullshit.

Truly, removal of subsidy is synonymous to liberalisation of the industry, but then, why fixing prices?

Besides, Petroleum marketers have association, that is the where a price is fixed. Any marketer who sells in defiance to the agreed price will be sanctioned.

So stop the dogshit of prices coming down on account of any imaginary competition.

NNPC did not fix the prices for the market. It set its own price internally which is actually lower than most places.

3 Likes

Re: Subsidy: Petrol Price Will Come Down, Says NNPC by patbaba3: 1:10pm On Jun 01, 2023
peekspot:

https://punchng.com/subsidy-petrol-price-will-come-down-says-nnpc/

it will come down like diesel came down...just dey play...dey play oo
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by SmartyPants(m): 1:12pm On Jun 01, 2023
SoNature:
The price of PMS can never drop if we don't have functional refineries. In fact, NNPC has become the world's most useless oil corporation. An oil corporation that is more interested in building roads and hospitals instead of having functional refineries.

Of course, it can drop with out functional refineries. The issue has always been that there is not enough competition in this market because subsidy allows operators an easy way to make money. Remove subsidies and force everyone to compete for their profits and see if they won't adjust prices to market realities.
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by Cuntface: 1:12pm On Jun 01, 2023
LeoDeKing:
[b][/b]
Competition will force down the price, yet you pegged the price, total bullshit.

Truly, removal of subsidy is synonymous to liberalisation of the industry, but then, why fixing prices?

Besides, Petroleum marketers have association, that is the where a price is fixed. Any marketer who sells in defiance to the agreed price will be sanctioned.

So stop the dogshit of prices coming down on account of any imaginary competition.



It's too early to start wailing.
If there's a pro active president, there should be moves to stop this robbery first before announcing the removal of subsidy

1 Like

Re: Subsidy: Petrol Price Will Come Down, Says NNPC by Menclothing: 1:12pm On Jun 01, 2023
Sell the 4 refinery
Allow modular refinery for now

2 Likes

Re: Subsidy: Petrol Price Will Come Down, Says NNPC by drololaaof: 1:14pm On Jun 01, 2023
peekspot:

https://punchng.com/subsidy-petrol-price-will-come-down-says-nnpc/
Various allusions and deductions have been said, but non have come up with solutions other tha removal of subsidy .
Whereas NOBODY have proffer why our refinery are not working and or to build more refineries.
Other oil producing nations make provision for their citizens
The much touted palliatives will not go round .
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by MrBroke(m): 1:17pm On Jun 01, 2023
Cashout season, had the whole idea, just a month on this and hundreds of million if not billions will be made by this xbox controllers then price goes bearish. It has always been the system, those who anticipate gets the pay
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by dalaman: 1:20pm On Jun 01, 2023
Shut up Mele Kyari. Pump price will.nevee come down without subsidy, stop lying to people. The average price of PMS per liter all over the world where it isn't subsidized is 1.2 dollars which is above 600 naira. So stop lying.

1 Like

Re: Subsidy: Petrol Price Will Come Down, Says NNPC by dalaman: 1:22pm On Jun 01, 2023
Postinor:
I trust tinubu's decisions,he is a great economist,he is 💯 better than a trader in anambra

Tinubu doesn't know what he is doing for now. He doesn't have good options though.
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by Acidosis(m): 1:22pm On Jun 01, 2023
Come down to N499, yeah??
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by Nobody: 1:24pm On Jun 01, 2023
LeoDeKing:
[b][/b]
Competition will force down the price, yet you pegged the price, total bullshit.

Truly, removal of subsidy is synonymous to liberalisation of the industry, but then, why fixing prices?

Besides, Petroleum marketers have association, that is the where a price is fixed. Any marketer who sells in defiance to the agreed price will be sanctioned.

So stop the dogshit of prices coming down on account of any imaginary competition.

Seeing the comment, I was tempted to explain things further to you.

Then I saw your name and was shocked: has your nairaland account been hacked?

1 Like

Re: Subsidy: Petrol Price Will Come Down, Says NNPC by NinjaMetahuman: 1:28pm On Jun 01, 2023
LeoDeKing:

Competition will force down the price, yet you pegged the price, total bullshit.

Truly, removal of subsidy is synonymous to liberalisation of the industry, but then, why fixing prices?

Besides, Petroleum marketers have association, that is the where a price is fixed. Any marketer who sells in defiance to the agreed price will be sanctioned.

So stop the dogshit of prices coming down on account of any imaginary competition.
if these allegations are true, then the whole subsidy is dead on arrival.
Any company or group companies that form association to determine price in a capitalist economy will been seen as profiteers and anti competition companies. And those companies will be heavily fined.

I just hope this is not true sha.
Re: Subsidy: Petrol Price Will Come Down, Says NNPC by na2016: 1:35pm On Jun 01, 2023
LeoDeKing:
[/b]
Competition will force down the price, yet you pegged the price, total bullshit.

Truly, removal of subsidy is synonymous to liberalisation of the industry, but then, why fixing prices?

Besides, Petroleum marketers have association, that is the where a price is fixed. Any marketer who sells in defiance to the agreed price will be sanctioned.

So stop the dogshit of prices coming down on account of any imaginary competition.

[b]The prices were pegged for their stations. not for independent and other major marketers

3 Likes

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