God bless him,Nigeria at this point needs more generous and emphatic individuals to step up and support the government efforts.

AnonPoet:
Fuel subsidy: Management of Peace Mass Transit has announced that fares to all it's travel destinations across the country will not be increased despite the recent hike in fuel prices.



https://www.facebook.com/100064458351123/posts/pfbid02HbQwd4w9CJhNuhNbSNc653nqS891QJY5QwtVFvwCYMFZU5sgaY6ijGXs5XCunG6nl/?mibextid=cr9u03

Dem try o

greatiyk4u:


The current fare before subsidy wahala is enough to give him good returns at this high PMS price rise.

He charges nsukka to Enugu 1500
By 15 persengers =15×1500=22,500

He uses 10 litres for the journey and 1500 for driver allowance
Total 6000@ 600/litre of PMS+1500=7500

22500-7500=15,000 per trip of one bus
Any reason for increment?

That's a healthy gross profit margin but you haven't factored other business costs. Salaries and overheads, maintenance costs etc.

HacheNoire:
Meaning he was already making mad profit before increase

You people will never be satisfied.

Making mad profit as if he is the only one into the business.

/
He will kill the competition with turnover.

/

Reminds me of what Dangote did with Cement price. Dude dropped price and forced lots of competitors out. Afterwards, Baba jack up price to high heavens.


PMT Onyishi wants to play a fast one on everyone

AnonPoet:
Fuel subsidy: Management of Peace Mass Transit has announced that fares to all it's travel destinations across the country will not be increased despite the recent hike in fuel prices.



https://www.facebook.com/100064458351123/posts/pfbid02HbQwd4w9CJhNuhNbSNc653nqS891QJY5QwtVFvwCYMFZU5sgaY6ijGXs5XCunG6nl/?mibextid=cr9u03

business strategy 101 bring in enough customers keep them with the old price and get the innoson fleet of buses that uses gas and continue to cash out

Bro do you travel with GUO?
which terminal??

IamR:
GUO Transport, you dey hear?

ifeco4:


You people will never be satisfied.

Making mad profit as if he is the only one into the business.

Is he running the business at a loss?

He only accepted a cut in his profit which is commendable, and does not change my earlier statement.

Big lies...go to the pack at akpakpava road in benin city of EDO state and see if they have not changed their prices.. comfirm before u commend

Nbote:
Is this temporary or permanent because there's no way it is sustainable on the long run

Make the name , get customers, then increase Price

JayArmaniGozman:

Bro do you travel with GUO?
which terminal??

Awka, Utako and Iyana Ipaja

Market#strategy. anyway,#it#a#win-win.

Mere advert.
Cannot do it for weeks.

But its sustainable if he get another source of income where he gets easy money to sustain it.

Na so, them dey find who Dem wan kill again

I cant use PMT

This is very impressive and thoughtful kudos to the chairman/ceo of this company.

Igbos to the world

Nsukka to the world

Nigeria shall be great again if we all join hand together

Hespee93:


GUO, PMT and others transportation buses use AGO

They are not affected by fuel subsidy removal be that.

juman:
Mere advert.
Cannot do it for weeks.

But its sustainable if he get another source of income where he gets easy money to sustain it.

Even if he will increase price, it should not be more than 20% because his buses are running on Diesel

HacheNoire:
Meaning he was already making mad profit before increase

Transportation business is a very profitable one. It's just that the initial cost of taking off is high.

He did well by not increasing transport cost. It's not about making mad profit. If you put maintenance costs and the costs of paying drivers, the profit is low. It's only big because of the number of buses.

He will still make profit but much less. But if the other transporters increase theirs, he will have more customers.

Blaze14k:


He use to charge 50k to lagos while others charged way much lesser. Are you happy now?

50k transport by road!
Fear God or read the topic well if comprehension is a problem to you!

HarunaWest:
I sha na dey board PMT, their drivers can be careless atimes.

You get am. For road na peace mass you go dey see for inside bush, you go see them under trailer, dem even dey catch fire. There's no accident wey peace mass never get.
God is good remains the best

Osidoshit:
Big lies...go to the pack at akpakpava road in benin city of EDO state and see if they have not changed their prices.. comfirm before u commend

Same thing said by 2 or more other posters here.
For them to have now come out to lie about it or are not aware of what their park managers have done,is not only deceptive,but f oolishness by trying to hoodwink the public.

seborrhic:

50k transport by road!
Fear God or read the topic well if comprehension is a problem to you!

Those are the kind of topic apc zombies like to hear from igbos

Houseofglam7:
🎵highway to hell🎵

u just enter nairaland to type rubbish

TruthinAction:


Transportation business is a very profitable one. It's just that the initial cost of taking off is high.

He did well by not increasing transport cost. It's not about making mad profit. If you put maintenance costs and the costs of paying drivers, the profit is low. It's only big because of the number of bussse.

He will still make profit but much less. But if the other transporters increase theirs, he will have more customers.

You said it all.

See your reasoning. It is his choice to assist. Profit dey tire person?

HacheNoire:
Meaning he was already making mad profit before increase

HacheNoire:
Meaning he was already making mad profit before increase

Your submission may not be true, it could be business strategy, the lower the price the more people want to travel.