₦airaland Forum

JUST IN: We’re Not Responsible – FG Speaks on Increase in Fuel Price | #Politicsnigeria

The Federal Government has distanced itself from the recent increase in fuel prices, citing the Nigerian National Petroleum Company Limited’s (NNPCL) decision to raise prices in response to prevailing market conditions.

The price hike, which saw fuel prices jump from N897 to N1,030 in Abuja, N855 to N998 in Lagos, and similar increases across other regions, has sparked outrage among Nigerians.

According to Minister of Information and National Orientation, Mohammed Idris, the NNPCL’s decision was not influenced by the federal government.

Idris said that the government can no longer fix petroleum prices due to the Petroleum Industry Act (PIA). The minister attributed the price increase to factors such as the Middle East crisis and global market volatility.

Idris noted that the subsidy regime ended in May 2023, and the NNPCL had been paying differential costs to maintain prices. However, the company can no longer absorb these losses.

The minister appealed to Nigerians to understand the situation, assuring that prices would eventually decrease.

Source : https://politicsnigeria.com/just-in-were-not-responsible-fg-speaks-on-increase-in-fuel-price/

You understand or i should explain

Let me confess. Na me increase am. I think say Tinubu go find me something as I help am increase suffering for Nigeria. Sorry, Na hunger make me do am.

The price of fuel would eventually come down. It's part of the learning curve

Shadomaan7:
The price of fuel would eventually come down. It's part of the learning curve

Alright

Every Nigerian is just even too weak to fight anymore..just last year we were buying fuel for 197. Now 1350 does this even make sense? I'm a Yoruba but to be very honest, shame on all Yorubas especially the ones who fought for Tinubu to be president. I HAVE ALWAYS KNOWN THAT TINUBU WILL MAKE A MESS BUT I DIDN'T BELIEVE IT WILL BE THIS FAST AND THIS HARD. LIKE WHY? WHAT WILL HE ACHIEVE WITH ALL THESE? IS HE NOT THE PRESIDENT AND YET THE MINISTER OF PETROLEUM?
Ever since he came in it's been one problem to the other.

The price of oil in the international market is now around $100 per barrel. That is the price of our crude oil, not refined oil. The refined oil is what we buy from the international market. The price of refined oil is now around $130 per barrel. That's the price of the refined oil.

So, if we are buying refined oil at $130 per barrel, that means we are buying it at about N1,000 per litre.

If we are buying it at about N1,000 per litre, we are paying about N3,000 at the petrol stations, and that means we are paying about N3,000 at the petrol stations, and that means we are paying about N3,000 at the petrol stations.

If we are buying it at about N1,000 per litre, that means we are paying about N3,000 at the petrol stations.

Shadomaan7:
The price of fuel would eventually come down. It's part of the learning curve

Bots of babablu

Correct.
It's the fault of that Agulu man called Peter Obi.

Useless fools.
Federal Government of Stupidity

Chimkatinubu

Shamelessness. You are not responsible as if I am the one in charge of Nigeria's affairs.

One day the people would have had enough and they will fight back.
Even the fearful will become fearless and take to the streets.

Anarchy looms if we continue like this.


One thing I noticed about the leadership of National Orientation Agency(NOA) lately is how they have been talking nonsense these days. Nigerians have been calling them out for not performing their duties and the DG thinks the best way to perform his duties is by dishing out nonsense statements here and there.
Just yesterday he said we should take permission before using the National anthem, an anthem that add no value to our lives, an anthem that we don't even want to sing.

So na my papa Dey responsible ?

When has this government ever been responsible

Chief commander of failure


What a shameful being we have a preesido


When campaign come, you will be responsible as a day time wizard

This government is not to be trusted anymore, different version of stories everyday

All these years wey excess money dey una no gree fix local refineries. Corruption finish naija

Madness

But you're responsible for selling Nigeria crude and resources and lavishing the funds

Lobatan

wetin consign Middle East crisis with this nonsense 🙄 😒 ? Nah Middle East cause increase in cement price, gas Etc? Pa EMILOKAN should do something urgently

Tell us who is responsible so that we can face them

Noted.

Is tinubu not the minister of petroleum?Is NNPCL not a government agency whose staff are paid by the government?Who appoint the MD of NNPCL?

The situation tire even the Government official s

Is the Ministry of Petroleum not part of Nigeria government?


I keep on wondering what Tinubu is urging his minister to echo out as his achievements.


Thank God, it happened in my life time, we would have thought we missed great opportunities if Tinubu and Buhari were not allowed to rule this country.


Since I was born, I haven't seen a government worse than what we have now, very insensitive wicked, drug baron

Shadomaan7:
The price of fuel would eventually come down. It's part of the learning curve

Only if dangote have strong competitors else

In other words, no more government in Nigeria.

Hmmmm

We Nigerians are responsible for the increase, not you...O ye' innocent irresponsible FG

I said it the other day that, a time will come, this government will claim they never increased petrol price since it came on board.

Wereys dey disguise..




Strengthen the Naira and let's see pump price will not coke down..

Odes!

Yes.
You are irresponsible.