Large consignments of Premium Motor Spirit, popularly called petrol, being imported by major oil marketers, are to hit Nigeria from next week and may force down the price of the commodity, both major and independent dealers stated on Sunday. It was also gathered that crude oil refiners were currently releasing refined petroleum products on credit to dealers from Nigeria, following the recent unification of the country’s exchange, which boosted the confidence of operators.

https://punchng.com/nnpcl-marketers-fuel-vessels-arrive-next-week-ipman/

Fake news

Laheelow:
Large consignments of Premium Motor Spirit, popularly called petrol, being imported by major oil marketers, are to hit Nigeria from next week and may force down the price of the commodity, both major and independent dealers stated on Sunday. It was also gathered that crude oil refiners were currently releasing refined petroleum products on credit to dealers from Nigeria, following the recent unification of the country’s exchange, which boosted the confidence of operators.

https://punchng.com/nnpcl-marketers-fuel-vessels-arrive-next-week-ipman/

I hope we won't be back here talking about another subsidy

Rayban25:
Fake news

Is a fake news by punch because is not about the price of fuel skyrocketing

If we are to look at it now, you will likely be a peter obi supporter

Most of you do not really love this country

Ikaeniyan0:
Is a fake news by punch because is not about the price of fuel skyrocketing

If we are to look at it now, you will likely be a peter obi supporter

Most of you do not really love this country

When we warned you people against supporting a known criminal you called us rabid dogs...now the criminal has come to tax everyone while feeding you gullible elements with fake news...false hope and propaganda..its now us that dosent love the country?

Enjoy your yoruba lokan now

Rayban25:


When we warned you people against supporting a known criminal you called us rabid dogs...now the criminal has come to tax everyone while feeding you gullible elements with fake news...false hope and propaganda..its now us that dosent love the country?

Enjoy your yoruba lokan now

You're deviating from the topic of the thread

Price of fuel will likely drop soon, that's what the thread is about.

Ikaeniyan0:
You're deviating from the topic of the thread

Price of fuel will likely drop soon, that's what the thread is about.

It is good news

But practically, how is that possible?

what will make the price come down?

Reduced fuel price or what?

I have never seen a useless report like this.

NNPC imported petrol at 465 naira to a dollar. You imported yours at 700
naira to a dollar and you are claiming you will crash the price.

This is business not miracle.

Toh as our imaginary daily consumption figure has been exposed

Ikaeniyan0:
Is a fake news by punch because is not about the price of fuel skyrocketing

If we are to look at it now, you will likely be a peter obi supporter

Most of you do not really love this country

You know it's fake news but still want to argue..

just bought 500 at northwest this morning..

The fake news peddler even said "may come down" ... which means he doesn't know what he's talking about

Ikaeniyan0:
You're deviating from the topic of the thread

Price of fuel will likely drop soon, that's what the thread is about.

Ode who is deviating? I've told you that it wont come down as they project it to your saying am deviating. Wait till then and see

ZombiePUNISHER:


You know it's fake news but still want to argue..

just bought 500 at northwest this morning..

The fake news peddler even said "may come down" ... which means he doesn't know what he's talking about

You dey mind am? Most of these ones wey dey talk just open mouth like say na naija them just enter yesterday e wan form knowledgeable

Truth coming up small small

Government should continue to encourage the use of CNG and electric vehicles let the oil marketers start drinking their petrol

Rayban25:
Fake news

How is it a fake news??

jmoore:
I have never seen a useless report like this.

NNPC imported petrol at 465 naira to a dollar. You imported yours at 700
naira to a dollar and you are claiming you will crash the price.

This is business not miracle.

Its propaganda to give people false hope now.

In my area its 545 per liter. I spend 15k to full my tank...imagine if na suv that consumes more fuel how much will I now spend? Most times I dey jejely use along

Most of them making noise here are children that havent started paying bills

We pray so, cos the hike in prices of goods and services is suffocating the ordinary Nigerian

Op read the article again, if you import fuel at an exchange rate of 700. How do you intend to crash the price.

Ikaeniyan0:
Is a fake news by punch because is not about the price of fuel skyrocketing

If we are to look at it now, you will likely be a peter obi supporter

Most of you do not really love this country

This one thinks wishful thinking and positive affirmations is what will reduce the fuel price.

You guys don't know what you've gotten yourself into, please have you ever seen any commodity in Nigeria that the price went up and later came down, talk more of removing 100% subsidy once on fuel that is also a major determinant of price of other commodities.

There's price hike on Foods
There's price hike on Pharmaceuticals
There's price hike on Clothing
There's price hike on Transportation
There's price hike on Electricity
There's price hike on Housing

All thanks to our darling president Tinubu for removing subsidy once without putting things in place.

Yet it's Obi supporters that's giving you headache.

You aren't wise.

That will be fine.

nedu666:
Op read the article again, if you import fuel at an exchange rate of 700. How do you intend to crash the price.

There lots of mysteries surrounding subsidy and fuel importations. I read the details of the news. The marketers even that the oyinbos gave them the fuel on credit.

Whether 700 naira or not they know what they're doing

Patiently go through the arictle and see for yourself whether this government have not taken the right step?
Tinubu is a genuise and he deserves our credit.

Ikaeniyan0:
You're deviating from the topic of the thread

Price of fuel will likely drop soon, that's what the thread is about.

you deviated too by bringing politics into it....

Nothing comes down in Nigeria, go and ask bag of water or bottle of Sprite.

Rayban25:
Fake news

Because it's not a bad news.
Obi people, smh.

Says who?

marlow1962:
Nothing comes down in Nigeria, go and ask bag of water or bottle of Sprite.

Have you also ask gas and diesel sellers?

Pigs... don't want the progress of the country

That will be pleasant.

Ikaeniyan0:
You're deviating from the topic of the thread

Price of fuel will likely drop soon, that's what the thread is about.

I saw that news in another outlet but felt it was a deception. They NNPCL and Marketers will import the petrol from world market and the gasoline price is $250/gal,a gallon contains approximately 4liters/gal. So am comfused, is it that they are importing a sub standard product or reduced gasoline quality?

Bobloco:


I hope we won't be back here talking about another subsidy

If the government brings back subsidy, it would be a mistake

nedu666:
Op read the article again, if you import fuel at an exchange rate of 700. How do you intend to crash the price.

It is false hope. Punch wants people to buy their papers.

The fact is petrol is not cheap to make. Even when we had subsidy, the government was refining fuel in substandard refineries abroad to keep subsidy costs low. And it still cost money.

One way prices could come down is if the marketers realize that keeping fuel expensive means they are not selling much. So they would cut prices to attract more customers.

But fuel is not going below 200 naira again. Unless the naira grows stronger.