9jatriot:
That seems to suggest that a large percentage of the fuel usage in the country were for our neighbors

Buying power is fast dwindling among Nigerians too.

CodeTemplar:
The fuel even finishes much faster these days. Some sellers are altering it.

For whatever unconfirmed reasons, I feel that's true. Fuel finishes very fast these days for no reason at all.

With time, only genuine oil businesses will remain operational. All these swindlers will go out of business on their own. The scam structure has collapsed.

CodeTemplar:
The fuel even finishes much faster these days. Some sellers are altering it.

I thought it was just me.

StarRiderr:
If I see people writing on this forum with the quote (Children of hate) when it comes to our nation's affairs I begin to imagine are we as a people living in different country because me I'm experiencing more hardship in this present administration than previous one why would someone with a functioning brain and also having same experience with me would keen in defending this administration whenever someone stand to protest the current situation in the country!!! Nawa oooo

you are right.

Offpoint1:

Seems you no get sense, it crashed because people can't afford to buy fuel again... Is that good news to you burukutu drinker?

Do you think it was only Nigerians consumed what was sold in Nigeria before? Reasonable volume of fuel previously sold, particularly in Lagos was snuggled to neighboring countries but now that the subsidy has been removed, the business is no longer as lucrative as before.

are you aware that the crunch of this subsidy removal was passed down to the consumers while the stations smiled home with millions at the expense of the consumers
most of the fuel stations will buy fewer quantities cuz of cost even some of them will no longer operate
just like the consumers some people packed their cars while some reduce fuel purchase and movement, so everyone adjusted

Tealcrestmedia:


If he sells all his old stock at old price, how will he afford restocking at the new price?

The first reason there will be a drop in fuel consumption is because it's not smuggled across our borders anymore not because of civil servants.

taylor89:
E never crash reach my side oo

Insignificant crash

Na wa o

Old stock sold @ new price

Now they don't want to import @ new price

olatade:
We're getting there.

Getting where ?

Mjshexy:
I was expecting to see #200

you too like ship ship things

Lmao

Who is talking of importing fuel when Almighty Dangote refinery was commissioned and there are artisanal refiners in the niger delta.Nonsense.

Parachoco:
If is too expensive for you, go sell the Pangolo Car or Generator you dey manage


I no force you use car or generator

No b by force to do wetin your power no reach.

Shut up joor...... indomie generation

AskNgige2:


Mehn, from kubwa to airport I used to go with 1k,. Now 5k will still show red when I come back

It's well

is it an 8plug engine?

Until our lazy leaders encourage home made economy nothing dey happen. We have oil , we have all the raw materials, we have engineers , so what is stopping use from producing these things.

502 to 495 is a crash??...... op which type of craft are you flying....
Sounds more like turbulence to me.
The flight to uncertainty popularly called ElDorado continues...

Mjshexy:
I was expecting to see #200

you get sense

And your topic said 'crash'

cyberguy72:
is it an 8plug engine?

Corolla na

Checking dictionary for new meaning of "crashed"

Propaganda never tire una, ndi mgbu

taylor89:
E never crash reach my side oo

Normally, good news don't reach your side. If it is bad news now, you will be the one to experience.

May the evil you wish Nigeria happen to you and your family.

jchioma:
This is the expected outcome. Demand is at an all-time low, prices may crash if the trends continue. It's all about purchasing power and the scale of preference, now scale of neccesity in Nigeria.



Eod

is fuel local commodity to you?
maybe you are taking fuel to be biggi soft drink that you think it's price is determined by demand and supply.
let only 10 or 1m people be buying fuel price will still depends on international market price.

lexy2014:


is tinubu part of those suffering today and enjoying tomorrow abi na only you?

Tinubu ve suffered yesterday and he is now enjoying today.....it's not like the man was born Rich. He was once a Uber driver, did lot of menial job to survive but now he is reaping all his efforts.... U can only hate the old man out of jealousy because I can't expect miracle from him within this short period of time. A country me ND u already know that has almost completely collapse u want him to build in a winkle of eye. B4 u start talking rubbish that he is part of the problem then u should b ready to explain how fair he is when he was a governor. Tinubu Is the only selfless politician I've ever seen. Post his time as governor he never contest for any political office instead he is breeding ND rising young politicians.

oloriooko:
in short, you made money selling old stock at new price and this eediot is publicly declaring his criminal act, he should be arrested for making such condemnable statement
and he's succinctly telling nigerians to brace up for another scarcity with the new pump price
when shall we get things rite

How will they buy new stock if they sold the old stock at old price?

bentenny:
Its currently 580-600 naira per litre at my location

I have been buying at the rate of 540, today now they increased it to 560, I got 17.eighty something ltrs for 10k. I totally don't understand this their writeup bcuz me I no feel any crash in price.

The Nation newspaper calls an N8 reduction a "crash".

Lollz.

Tinubu's paper trying to whitewash the disastrous economic moves

SuccessfulRichi:
People have adjusted to gas. I think the fuel prices might get even lower

Some persons are using gas

Oizee:
I have been buying at the rate of 540, today now they increased it to 560, I got 17.eighty something ltrs for 10k. I totally don't understand this their writeup bcuz me I no feel any crash in price.

Check the source of the info and you will know why!

If the price no come down to #250 - #300, thunder fire the markerters and the petrol

dre11:


https://thenationonlineng.net/petrol-price-crashes-at-depots-amid-low-demand/