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Subsidy Removal Drags Down Petrol Consumption By 28% - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Subsidy Removal Drags Down Petrol Consumption By 28% (37641 Views)

Salako: Reducing Petrol Consumption, Vehicles On Roads Achievement By Tinubu / NNPC: Subsidy Removal To Reduce Petrol Consumption By 30% / Weak Export Drags Down Nigeria’s Trade Balance By 86% (2) (3) (4)

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Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Dididrumz(m): 10:07pm On Jul 07, 2023
Ok
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Nobody: 10:07pm On Jul 07, 2023
Imagine being a major oil producer in the world and your citizens cannot afford to buy the petroleum products from that oil, due to unmitigated hardship.

Quite sad.. !

E go be!

19 Likes 1 Share

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Successpz: 10:14pm On Jul 07, 2023
Assuming you say this during Goodluck Jonathan REGIME, it's would have been Better. All the People You support since I know you as been Disaster in one way or the other. that's how you keep supporting your Darling Daddy for Good 8 years. Am sure you know what the past 8years looks like.
post=124281915:
Dearest Sane Nairaland members,
All of us at [/b] are checking on you.
Times are hard
It is for the best future for us all.
No pain No Gain.
Guide your mental health.
Cut down on excesses and frivolity.
Keep joining us to pray for a better Nigeria 🇳🇬.

God bless Nigeria 🇳🇬 🇳🇬 🇳🇬

We Love You all ❤️ 😍 💖


[b]Addendum : Enemies of Nigeria,
Skip this comment, it ain't for you.
Check the first line to see who it was addressed to.
Thanks.

14 Likes

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by OmekaguGCFR1: 10:15pm On Jul 07, 2023
Lies in the land of descendant of fallen angel (hoduduwah ) it cheap and we buy it at 50/per litre is just that we shout ronu and every thing is settled

1 Like

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by sevo(m): 10:15pm On Jul 07, 2023
post=124281915:
Dearest Sane Nairaland members,
All of us at [/b] are checking on you.
Times are hard
It is for the best future for us all.
No pain No Gain.
Guide your mental health.
Cut down on excesses and frivolity.
Keep joining us to pray for a better Nigeria 🇳🇬.

God bless Nigeria 🇳🇬 🇳🇬 🇳🇬

We Love You all ❤️ 😍 💖


[b]Addendum : Enemies of Nigeria,
Skip this comment, it ain't for you.
Check the first line to see who it was addressed to.
Thanks.

Suffer no dey tire you...e no dey tire you... Chai!!

20 Likes 4 Shares

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by sirray001: 10:16pm On Jul 07, 2023
ChatterHouse:
smiley

People have been trekking what's the need of cars
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by emma2002(m): 10:18pm On Jul 07, 2023
it has not come down enough.

Compare the gross revenue is still twice the size before.

66m litres x NGN187 < 48m litres x NGN505

From traffic on the road you can tell...

2 Likes

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Zealag(m): 10:19pm On Jul 07, 2023
It will soon get to 1% and that 1% will be tinunbu convoy.Me I have park my Lexus es and will continue jumping bike no offense grin

10 Likes

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by STRI1: 10:22pm On Jul 07, 2023
That's majorly because of the smugglers in Benin republic, Cameroon and Togo

2 Likes 1 Share

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Gajagojo: 10:23pm On Jul 07, 2023
Diggys:
IT IS NOW CHEAPER TO USE COMMERCIAL BUSES THAN PERSONALCARS.

RENEWED SHEGE

THE PAINFUL THING IS THAT TOWARDS NEXT ELECTION, NIGERIANS WILL FORGET ALL THESE SUFFERING AND VOTE BASE ON TRIBE.
Was there any candidate that would not remove subsidy

5 Likes 1 Share

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by FLYFIRE(m): 10:25pm On Jul 07, 2023
And the petrol burns like dry leaves

5 Likes

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by MrDoGood(m): 10:27pm On Jul 07, 2023
Now Our atmosphere is okay. No too much carbon monoxide cool

1 Like

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Eriokanmi: 10:27pm On Jul 07, 2023
Thats not an achievement. It's because the poor people can't afford it. Civil servants parked their vehicles at home, only going to work 3 times a week because their lean salary can't buy fuel at 500 naira a litre.

Those defending this madness are the worst hit, unfortunately. They're only suffering and smiling. They've been coming out in groups gradually to attack tinubu over the hardship in the land. This is just the beginning

21 Likes 2 Shares

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Inner19(m): 10:32pm On Jul 07, 2023
People are no longer buying petrol for their generator to use like before when there is no light.

People are learning to cope.

1 Like

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Menclothing: 10:34pm On Jul 07, 2023
We are using gas here
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by JIBO4REAL(m): 10:37pm On Jul 07, 2023
BabaCommander:
28% only?
Even with domestic consumption falling....

What happened to the so called protest in neighboring countries? Abi na scam?
Or is it still being smuggled to Niger Republic and other neighboring countries even at the current price?

I mean, our domestic c

Yes it’s still smuggling to our neighboring country but it’s not more profitable as it’s used to be …
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Teejayadex: 10:38pm On Jul 07, 2023
Wealthy Nigerians and investors that are buying drums of fuel for business and lifestyle are japaing, the talika ones that doesn't have Okada or tiger gen are saying it will favor them and their family after voting base on tribalism and hatred

12 Likes

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Eriokanmi: 10:41pm On Jul 07, 2023
Zupay:


After screaming SAI BABA for eight years!☹️
grin
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by rulin247: 10:41pm On Jul 07, 2023
Ok
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by zinaunreal(m): 10:43pm On Jul 07, 2023
From fry pan to fire 🔥

1 Like

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by olajac: 10:45pm On Jul 07, 2023
Ok
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by ollysunmoses: 10:46pm On Jul 07, 2023
When the man said"reducing the purchasing power and let widen the tax net" . This is what he meant and there is more coming

5 Likes

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by airsaylongcome: 10:52pm On Jul 07, 2023
Day169:
Possibly from reduced smuggling of petroleum products across the borders.

Lol. Really?! You haven’t noticed a marked reduction in vehicular traffic?

1 Like

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by frowland(m): 10:54pm On Jul 07, 2023
God1000:
True, Our roads have become very empty because so many people cannot even fuel their vehicles anymore

Is this dividends of democracy?


Yes it is 100%. Spending money to ‘burn’ hydrocarbon is waste. It’s like throwing money into fire. Use the money you are supposed to burn 🔥 in your car to better your live instead. Drink 🍺, merry, have fun around your neighborhood.

2 Likes 2 Shares

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by airsaylongcome: 10:55pm On Jul 07, 2023
emma2002:
it has not come down enough.

Compare the gross revenue is still twice the size before.

66m litres x NGN187 < 48m litres x NGN505

From traffic on the road you can tell...

Gross revenue does not mean anything without cost price. The petrol stations are in very bad state economically. Make more gross revenue but very scant profit

2 Likes

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by NewDea4: 10:56pm On Jul 07, 2023
Islie:


https://leadership.ng/subsidy-removal-drags-down-petrol-consumption-by-28/

It's a lie the figures have always been inflated

1 Like

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by KarinaSlim(f): 10:56pm On Jul 07, 2023
No wonder I don't hear generator sound again in my area when NEPA takes light.

9 Likes

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Shikena(m): 10:56pm On Jul 07, 2023
Approximate population/relative market size of Nigeria vs neighboring countries:

Benin Republic: 13m
Niger Republic: 27m
Chad: 16m
Cameroon: 27m
Total: 83m

Nigeria: 211m
Combined total (Nigeria + Neighbours): 294m
Nigeria: 72%
Neighbours: 28%
Shikena! grin

BabaCommander:
28% only?
Even with domestic consumption falling....

What happened to the so called protest in neighboring countries? Abi na scam?
Or is it still being smuggled to Niger Republic and other neighboring countries even at the current price?

I mean, our domestic c

4 Likes 2 Shares

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by keymatt(m): 10:56pm On Jul 07, 2023
In other words, Nigeria's business environment has shrinked by a whooping 28% just one month after the mandate thief sneeked through the roof into Aso Rock. 🤣
...but nevertheless, it will still favor me and my family.
Sign
Agbado. grin grin grin

10 Likes 1 Share

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by airsaylongcome: 10:57pm On Jul 07, 2023
STRI1:
That's majorly because of the smugglers in Benin republic, Cameroon and Togo

Common now! Smuggling was responsible for the 28% reduction? Do you know how many people have stopped purchasing petrol for their cars and generators?

4 Likes

Re: Subsidy Removal Drags Down Petrol Consumption By 28% by BigIyanga: 10:57pm On Jul 07, 2023
So restricted movement of goods and services . An Economy that is dependent on petroleum products for movement of people, goods and services .. is likely going to face some contractionary pressure.

1 Like

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