₦airaland Forum

United States President Donald Trump has directed gasoline retailers across the country to reduce pump prices without delay.

He argued that declining global crude oil prices should translate into immediate relief for American motorists.

Trump issued the directive in a post on his Truth Social platform, accusing fuel retailers of keeping prices unnecessarily high despite crude oil trading at about $68 per barrel.

“Gasoline retailers must get their prices down immediately”, the president declared, urging companies to “do what they know is right” by passing lower costs on to consumers.”

He warned that his administration would not tolerate price gouging, describing the practice as illegal and cautioning retailers that those who ignore the call to lower prices could face “big problems.”

The president also suggested that gasoline should sell for about $2.50 per gallon, insisting that Americans ought to enjoy the benefits of the recent decline in global oil prices rather than continue paying elevated prices at filling stations.

Trump’s latest intervention comes amid renewed debate in the United States over the gap between movements in crude oil prices and the cost of refined petroleum products.

Consumer groups frequently accuse retailers of failing to quickly reflect lower international prices at the pump.

Trump also turned his criticism toward California, faulting the state’s fuel tax regime for adding to motorists’ financial burden.

He argued that California’s gasoline taxes had become excessively high, claiming they were on course to surpass the value of the fuel itself if left unchecked.

According to the president, neither the federal government nor California residents should accept policies that keep fuel prices artificially high when crude oil prices are falling.

He maintained that consumers should not shoulder avoidable costs.

Daily Trust reports that Trump’s directive mirrors a similar position recently taken by the Nigerian government.

On Monday, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, directed petroleum marketers to immediately reflect the decline in global crude oil prices in the pump prices of Premium Motor Spirit (PMS).

He argued that Nigerians should benefit from the easing of international oil prices.

While reiterating that the downstream petroleum sector remains fully deregulated, Lokpobiri stressed that deregulation should not become an excuse for profiteering.

He warned that regulators must ensure operators do not exploit consumers through excessive pricing, insisting that lower crude prices should be passed on to motorists.

The minister maintained that although the government no longer fixes petrol prices under the deregulated regime, it retains the responsibility of protecting consumers from unfair market practices.

The position also echoes recent concerns raised by the Federal Competition and Consumer Protection Commission (FCCPC), which questioned why petrol prices in Nigeria have not fallen significantly despite the sharp decline in global crude oil prices.

Following a market surveillance exercise, the Commission said refiners, depot operators, marketers and retail outlets had only implemented marginal reductions that were not commensurate with the easing of international oil prices.

FCCPC Executive Vice Chairman and Chief Executive Officer, Tunji Bello, said that although the Commission does not regulate petrol prices in Nigeria’s deregulated downstream sector, it has a statutory responsibility to protect consumers from exploitative practices.

He argued that if marketers are quick to raise pump prices whenever crude oil prices increase, consumers should equally benefit when international prices decline.

Bello warned that the Commission would investigate and sanction any operator found engaging in anti-competitive conduct, price manipulation or consumer exploitation.

Source: https://dailytrust.com/cut-petrol-prices-now-trump-orders-retailers/

Trump, who isn’t even contesting for re-election, personally came out on Truth Social to direct fuel retailers to slash pump prices immediately, warning them against gouging. He didn’t hide behind his Energy Secretary.

Yet here in Nigeria, the same man who doubles as Minister of Petroleum, and is busy eyeing re-election, has not uttered a single word as marketers exploit Nigerians despite crashing crude prices.

This is the same president whose only real energy is reserved for collecting foreign loans and spending them.

Insecurity killing people daily? Silence.

Inflation choking families? Silence.

No power, no jobs? Silence.

Mass kidnapping of school children. Silence.

But petrol prices? Not a single official statement from his office.This lackadaisical, tone-deaf leadership is unacceptable. Tinubu should address Nigerians directly on this matter, not through proxies.

Tinubu can ease price pressure by opening temporary free-market import licenses for fuel marketers to import at competitive landed costs. Once new entrants flood supply, monopoly pricing breaks, competition forces margin compression, and prices naturally reset lower before incumbents lose market share.

Is he ordering the world petroleum body?

This man said they have ended killing of Christians in Nigeria, lol. Trump is fast becoming a joke

Tinubu over to you and Dangote o

Lol. This man must think he's the master of the universe or sth

Prices are dictated by market forces, bro. Next time you have a proper rethink before starting a needless war

malali:
Trump, who isn’t even contesting for re-election, personally came out on Truth Social to direct fuel retailers to slash pump prices immediately, warning them against gouging. He didn’t hide behind his Energy Secretary.

Yet here in Nigeria, the same man who doubles as Minister of Petroleum, and is busy eyeing re-election, has not uttered a single word as marketers exploit Nigerians despite crashing crude prices.

This is the same president whose only real energy is reserved for collecting foreign loans and spending them.

Insecurity killing people daily? Silence.

Inflation choking families? Silence.

No power, no jobs? Silence.

But petrol prices? Not a single official statement from his office.This lackadaisical, tone-deaf leadership is unacceptable. Tinubu should address Nigerians directly on this matter, not through proxies.

This has been the main reason why Trump has been soft on Iran, avoiding a full escalation of the war because of possible effect on oil pricce.
Otherwise, Iran would not last one month under USA full military fire!

Trump knows that high gasoline prices would damage the Republican party's during the upcoming midterm election.

They are already sure of a poor outing due to Trumps tyrannical behavior and lots of bad policies. High fuel prices would only make things worse for them. Majority of Americans already blame it on him.

Tinubu should follow suit, he should order dangote, NNPC, importers of petroleum products to cut petrol price now

And some people here were saying FG cant do anything about dangote fuel price...Nigerians are indeed finished...the smart ones no pass 5%

With mouth abi you pay dem subsidy Taco for a reason

Goo0dHardDick:
Is he ordering the world petroleum body?

This man said they have ended killing of Christians in Nigeria, lol. Trump is fast becoming a joke

Read and understand. No digrace (disgrace) yasef, as una people dey write am.

Trump was speaking to retailers in the USA. Where did you get your “world petroleum body from”?

He was not talking of crude prices, but petrol prices.

Petrol is that liquid that runs people’s vehicles.

When will tifnubu tell dangote to do same?

malali:
Trump, who isn’t even contesting for re-election, personally came out on Truth Social to direct fuel retailers to slash pump prices immediately, warning them against gouging. He didn’t hide behind his Energy Secretary.

Yet here in Nigeria, the same man who doubles as Minister of Petroleum, and is busy eyeing re-election, has not uttered a single word as marketers exploit Nigerians despite crashing crude prices.

This is the same president whose only real energy is reserved for collecting foreign loans and spending them.

Insecurity killing people daily? Silence.

Inflation choking families? Silence.

No power, no jobs? Silence.

But petrol prices? Not a single official statement from his office.This lackadaisical, tone-deaf leadership is unacceptable. Tinubu should address Nigerians directly on this matter, not through proxies.

The Tinubu family owns Ondo Petrol.
He is making more money.

Orders or beg?



xxxxxxxxxxxxxxxx

THATS GOOD, no be ONLY in 9JA PRICE GOES UP and NEVER COMES DOWN

grandstar:
Trump wants the Republicans to do well in the midyerm elections.

E go hard.


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mikeapollo:
This has been the main reason why Trump has been soft on Iran, avoiding a full escalation of the war because of possible effect on oil pricce.
Otherwise, Iran would not last one month under USA full military fire!

Iran won’t last one month under us artillery or boots on ground which one WELL I UNDERSTAND THE SIDE EFFECTS OF YOUR MEDICATIONS HALUCINATION BUT I MUST SAY YOUR DOCTORS ARE TOP NOTCH, BETTER TO SPEND SIX MONTHS IN YABA LEFT THAN TO GET A PARTIAL STROKE

na opposite for my country we no they hear that one...

Flangelo12:
E go hard.


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My broda, you no lie

Why don't you sell your own for 2.5 dollars.
Easy to talk.

malali:
Trump, who isn’t even contesting for re-election, personally came out on Truth Social to direct fuel retailers to slash pump prices immediately, warning them against gouging. He didn’t hide behind his Energy Secretary.

Yet here in Nigeria, the same man who doubles as Minister of Petroleum, and is busy eyeing re-election, has not uttered a single word as marketers exploit Nigerians despite crashing crude prices.

This is the same president whose only real energy is reserved for collecting foreign loans and spending them.

Insecurity killing people daily? Silence.

Inflation choking families? Silence.

No power, no jobs? Silence.

But petrol prices? Not a single official statement from his office.This lackadaisical, tone-deaf leadership is unacceptable. Tinubu should address Nigerians directly on this matter, not through proxies.

People will just pick up phone to type rubbish! Trump is not contesting but the mid term elections is coming in November, if his party loses the house to Democrats all his plans for the remainder of his term will come to an end hence the reason for this type of aggressive directives that is going nowhere because market forces determines the price of petrol in the US
Meanwhile keep comparing Nigeria to the US as if they don't have their own serious problems. In my area this morning 3 dead from gunshots, gun running everywhere una go dey Nigeria dey the rubbish.

Tell them wicked souls

Blaming the economy and leaders while they are the real problem to the ordinary citizens like we

TRUMP has spoken









Who born AFRICANS leaders to talk.

The 4 people who voted that Tinubu will do something about the petroleum are the biggest problem of this country.

Trump can't cut fuel prices or order retailers to cut fuel prices in the USA.

Let me even add one issue for many retailers in the USA...most of their profits are made from the shops that are attached to the fuel stations, not from selling fuel, and indeed many fuel stations in the US have had to shut down over the years because profits.

What trump is doing is going to affect a lot of buisnesses adversely...if he had the power, that is

At any rate, no US leader can implement price controls unilatterally

malali:
Trump, who isn’t even contesting for re-election, personally came out on Truth Social to direct fuel retailers to slash pump prices immediately, warning them against gouging. He didn’t hide behind his Energy Secretary.

Yet here in Nigeria, the same man who doubles as Minister of Petroleum, and is busy eyeing re-election, has not uttered a single word as marketers exploit Nigerians despite crashing crude prices.

This is the same president whose only real energy is reserved for collecting foreign loans and spending them.

Insecurity killing people daily? Silence.

Inflation choking families? Silence.

No power, no jobs? Silence.

But petrol prices? Not a single official statement from his office.This lackadaisical, tone-deaf leadership is unacceptable. Tinubu should address Nigerians directly on this matter, not through proxies.

Tinubu and Buhari were two people who had no business leading a complex, populated country like Nigeria. They're tribal chauvinistas interested only in their personal riches, power, and their tribe. Tinubu is even worse, placing his tribal folks every single place.

The moment TNB said "eki lo kan" should have been the end of his career

That is a "commendable" example of a president that is alive.



Not a country that is ruled by a deaf mute.

Proxies are advanced in age touts.



See ya mate!


He talks only when he wants to obtain a loan and spending.

cr7lomo:
And some people here were saying FG cant do anything about dangote fuel price...Nigerians are indeed finished...the smart ones no pass 5%

Who told you that what trump said is going to have any effect? Una sabi full una selves.

malali:
Trump, who isn’t even contesting for re-election, personally came out on Truth Social to direct fuel retailers to slash pump prices immediately, warning them against gouging. He didn’t hide behind his Energy Secretary.

Yet here in Nigeria, the same man who doubles as Minister of Petroleum, and is busy eyeing re-election, has not uttered a single word as marketers exploit Nigerians despite crashing crude prices.

This is the same president whose only real energy is reserved for collecting foreign loans and spending them.

Insecurity killing people daily? Silence.

Inflation choking families? Silence.

No power, no jobs? Silence.

But petrol prices? Not a single official statement from his office.This lackadaisical, tone-deaf leadership is unacceptable. Tinubu should address Nigerians directly on this matter, not through proxies.

So the minister of state oil's statement is not from the government. USA doesn't regulate prices and Nigeria doesn't either. Is their any difference between an official of government making announcement after FEC meeting and the president making the same announcement. Fortunately hatred kills the hater and doesn't kill the hated.

favour32:
That is a "commendable" example of a president that is alive.



Not a country that is ruled by a deaf mute.

Proxies are advanced in age touts.



See ya mate!


He talks only when he wants to obtain a loan and spending.

Oya make we see if the price will come down now. People wey nor sabi anything.

favour32:
That is a "commendable" example of a president that is alive.



Not a country that is ruled by a deaf mute.

Proxies are advanced in age touts.



See ya mate!


He talks only when he wants to obtain a loan and spending.

Trump can't lower fuel prices, unless he orders a release of crude oil stored in the strateigic oil reserve, which would bring down prices due to the surplus effect.

As for Nigeria, forget about it. APC has made the country too poor, and also past mistakes over the decade means that we are too broke to even force a price reduction without it adversely affecting the petroleum sector, leading to job losses....and more debt indirectly