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Nairaland Forum / Nairaland / General / Politics / Subsidy Removal Drags Down Petrol Consumption By 28% (37894 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 Ayomivic(m): 6:52am On Jul 08, 2023 |
Islie: Law of demand. The higher the price the lower would be demand 1 Like |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by odimbannamdi(m): 6:54am On Jul 08, 2023 |
thisisit: I agree. This isn't good omen at all. A family member wanted to launch a snack production business this quarter, but he is really having a re-think as logistics transportation costs will take a huge chunk out of his pocket, not even mentioning production costs. There is nearly no sane country that doesn't subsidize energy one way or another. Energy subsidy will drive production and the gains from the production will offset the cost of the subsidy 3 Likes 1 Share |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Ezmans: 7:00am On Jul 08, 2023 |
God1000:no, it shows nigerians are poor |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by nairalanda1(m): 7:05am On Jul 08, 2023 |
A lot of pro-subsidy people are going to soon be asking for the subsidy to come back. But honestly, it should not. As time goes on, domestic refining might improve, and prices may 'come down' Harsh as it sounds, subsidy should have gone since the early 1990's. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by lexy2014: 7:09am On Jul 08, 2023 |
Day169: How did it now amount to 28% when previously no one knew how much petrol nigeria consumed? How was smuggling of petroleum products carried out across the borders? |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by lexy2014: 7:12am On Jul 08, 2023 |
nairalanda1: But subsisdy was gone since 2020. Which subsisdy did Tinubu remove again in 2023? In your second paragraph, you aren't even sure of what you are saying...."might improve"...."may come down". Doesn't this show that all your theories are just a fabrication? |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Dhury: 7:13am On Jul 08, 2023 |
SirLakes:person wey no fit afford 550 per liter na em go feed Camel 1 Like |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by lexy2014: 7:15am On Jul 08, 2023 |
JIBO4REAL: That means removal of fuel subsidy didn't stop smuggling. Are you aware that all previous "subsidy removals" were done because of "our neighbouring countries"? |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by lexy2014: 7:18am On Jul 08, 2023 |
risos: How did subsidy petrol get to neighboring countries? |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Advision: 7:23am On Jul 08, 2023 |
[/quote][quote author=BabaCommander post=124281932]28% only? Was also wondering. A 28% decline seems to suggest most of the fuel was consumed in Nigeria |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Nobody: 7:24am On Jul 08, 2023 |
Government should ensure 24hrs power, that figure will get to 50%, and this will stabilize price of PMS. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Nobody: 7:26am On Jul 08, 2023 |
masseratti:We are...he gave you a realistic breakdown of how that figure of 28% reduction was reached |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Hardtotrust: 7:33am On Jul 08, 2023 |
BabaCommander: You are waiting for a neighboring country to protest for you? 1 Like |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Afamed: 7:38am On Jul 08, 2023 |
post=124281915: You said it well my comrade 2 Likes 1 Share |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Quicksilver5: 7:39am On Jul 08, 2023 |
make we dey manage |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by okoolori(m): 7:48am On Jul 08, 2023 |
Yankiss: Go and get a life. IPOB ASS LICKER |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by coputa(m): 7:50am On Jul 08, 2023 |
thisisit:You nailed it.The productivity of Nigerians has dropped considerably which will affect its per Capita income and ultimately the nations GDP. The economy is seriously retrogresing because of this bad policy 1 Like |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by wildernessVoice: 7:53am On Jul 08, 2023 |
This is bad news. Evidence that people are suffering by excessive trekking and not going where they ought to go. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by OgunkeelAllMod: 7:54am On Jul 08, 2023 |
The stupid , thoughtless policy of emilokan,frog eyed, druggie has created an unknown, unheard of, unprecedented hardship on average Nigerian sufferhead masses!!! useless afonjati jati lot!na una go suffer am pass |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Alawode01(m): 7:55am On Jul 08, 2023 |
Yes,many people now short cost for footwagin. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by nairalanda1(m): 7:55am On Jul 08, 2023 |
Yankiss: Yeah, but eventually, we would get increased domestic refining coming up, as all them license holders for refineries don't have a choice, but to start work. It may lead to a reduction in prices, but the era of prices below 200 naira is over. Petrol costs money to refine. Government has been protecting us from high fuel prcies for 5 decades, and it has cost us too too much. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by oneMalik: 7:55am On Jul 08, 2023 |
Whoever is rich enough to own a car should be able to afford fuelling and that's why you see some are still driving . God1000: 1 Like |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by coputa(m): 7:56am On Jul 08, 2023 |
okoolori:The fuel price hike does not know AREWA,AFENIFERE or OHANEZE it cuts across board 2 Likes |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by mabea: 7:57am On Jul 08, 2023 |
Zupay:You and your likes are the real enemies of Nigeria. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by jattopeter(m): 7:59am On Jul 08, 2023 |
What ever happens it's the poor and the low class that will be at the receiving ends. Please How many political elite, politicians that you saw standing on queve during the cashless Policy , How many of them you saw looking for cash during that Period, How many of them has reduced their convoy because of this fuel Subsidy? Average Nigerians will suffer for it seriously. How many people you saw putting up Generator again like before? We have long way to go. Yankiss: 1 Like 1 Share |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by okoolori(m): 8:01am On Jul 08, 2023 |
coputa: And I said and repeat that you should get a life unless you are gaining front eh subsidy that is milking us dry... A sensible and patriotic person won't be commenting that thrash you are saying... Oh seems you are in abroad and you want Nigeria to be like abroad but you still wanna be buying cheap stuffs... While you are buying at higher rate there.... Let the petrol subsidy removal be... Good thing don't come easy.... Na so Europe and America start... Abi Na subsidy largesse dem take train you to school ni |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Zupay: 8:02am On Jul 08, 2023 |
mabea: For not being sycophants and not screaming SAI BABA?🙄 1 Like |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by nairalanda1(m): 8:07am On Jul 08, 2023 |
coputa: So we keep the subsidy, and in a few years , when we are paying more than our revenue to keep the thing running, and really running out of money, you would he happy then. okoolori: So why did you guys support Tinubu in his misguided attempt to stop subsidy removal in 2012 then? |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by odigbosky(m): 8:09am On Jul 08, 2023 |
During that fuel hike and no cash wahala I bought a 30,000 mAh power bank....what a saver I have not bought fuel for my gen for over a month now...like I never buy fuel 500+ The little fuel in my gen was fuel from NnPc at 189 or so. I only on the generator when I want to blend.. This was me who use to fill my 25 litre at NnPc for like 6k. The day my last fuel go finish and I buy fuel 500. I go come here come cry...for now my power bank day rescue me. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Ellasure: 8:19am On Jul 08, 2023 |
this report of 28 percent reduction is not true because the Nigerian public was never informed of the earlier true figures. some people in love with subsidy management and the sweetness are still hanging around to propagate false naratives backed with imaginary fuel consumption figures. we only hope that the PBAT will not succumb to various schemes coming out from evil pots of thinking and tactics to portray the knowledge of economic not well being of the Nigerian nation. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by tolexy007(m): 8:22am On Jul 08, 2023 |
our ICT man, that can do without coming to office with his car, now come to office without yellow bus now. he Said for him t drive to office now, he will have to spent minimum of 5k to buy fuel to and fro. But if he take public bus to and fro with b 2200. to cut the story short. baba don park car for house o 1 Like |
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