Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,165,251 members, 7,860,581 topics. Date: Friday, 14 June 2024 at 12:57 PM |
Nairaland Forum / Nairaland / General / Politics / Petrol Subsidy Drops By N1bn, Now N29.99/litre (1461 Views)
Petrol Subsidy Returns As Nigeria Pays N28 Per Liter / Oby Ezekwesili Speaks On Petrol Subsidy Removal / FG Returns Petrol Subsidy, Retains Official Pump Prices (2) (3) (4)
Petrol Subsidy Drops By N1bn, Now N29.99/litre by midolian(m): 5:46pm On Aug 21, 2015 |
According to the latest petroleum pricing statistics from the Petroleum Products Pricing Regulatory Agency (PPPRA), the federal government’s daily spending on petrol subsidy has dropped to N1.1bn as at Tuesday from an average of N2.06bn in June and N1.6bn in July, Daily Trust reports. The Latest figures from the PPPRA showed that the government is now paying N29.99 as subsidy on every litre of petrol consumed in the country, down from N51.61 per litre in mid-June and N42.35 paid mid-July. The pricing template dated Tuesday August 18, 2015 said that the Expected Open Market Price (EOMP) or total cost of petrol was N116.99 per litre down from N129.35 in June. This is against a regulated retail price of N87 per litre. Prior to the last two months, oil price had been unsteadily rising and a rise in crude oil prices, by implication, means a rise in subsidy paid by government to marketers to import the product. The Head, Energy Research at Ecobank, Dolapo Oni also noted that the resumption of petrol refining at Warri and Port Harcourt refineries could also have contributed to a slight reduction in fuel subsidies, http://energymixreport.com/petrol-subsidy-drops-by-n1bn-now-n29-99litre/ Cc: Lalasticlala |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by kokoA(m): 5:49pm On Aug 21, 2015 |
Good news everywhere, everyday! When a righteous man is in power you will know. 9 Likes 2 Shares |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by socialmediaman: 5:52pm On Aug 21, 2015 |
PDP wailers would say "It's due to fall in oil price" and maybe GEJ's reforms bla bla bla 3 Likes |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by midolian(m): 5:53pm On Aug 21, 2015 |
kokoA:so on point! socialmediaman:Don't mind them. Nothing entertains me better than watching them wail as Buhari rights the wrongs of their clueless paymaster..so let them pls 2 Likes |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by Femolacaster(m): 5:53pm On Aug 21, 2015 |
bbcode processing failure 2 Likes |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by Nobody: 5:54pm On Aug 21, 2015 |
Way to go... i hope the Subsidy nonsense can be totally scrap 2 Likes |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by Ezenwammadu(m): 6:02pm On Aug 21, 2015 |
I bought fuel at 110 per litre so i don't see how this impacts on my car budget 3 Likes |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by Aminat508(f): 6:03pm On Aug 21, 2015 |
2 Likes |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by drss(m): 6:05pm On Aug 21, 2015 |
Buari's body language at work! According to APC zombies. 1 Like |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by goodmorning40: 6:06pm On Aug 21, 2015 |
Which filling station sell like that make I go buy |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by midolian(m): 6:06pm On Aug 21, 2015 |
Ezenwammadu:Ezenwammadu, Eze wailer 1 of Nigeria will allways have something to wail about. Sai Buhari! drss:if you can survive in a zoo, then u can suck my ballz, man. 5 Likes
|
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by sathel(m): 6:07pm On Aug 21, 2015 |
Walahi talahi Nigeria iz blessed |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by espn(m): 6:07pm On Aug 21, 2015 |
Barcanista and his wailing brothers. Another good news from agent of change.. sorry for spoiling your day with such news. 3 Likes |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by skyface00(m): 6:08pm On Aug 21, 2015 |
PMB is more than magician, God bless him with more knowledge and health, if dis continue for another 4years, foreigner will beg 2 come 2 Nigeria All its takes 2 put tinz right, started from urself, when u r good everytin will fall in places God bless Nigeria 1 Like |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by ionsman: 6:09pm On Aug 21, 2015 |
I expected you to say 150 naira as a wailer..... 1 Like
|
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by madridguy(m): 6:09pm On Aug 21, 2015 |
Wonderful development. |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by GudluckIBB(m): 6:14pm On Aug 21, 2015 |
drss: Are you sure your senior wailers authorized you to make this statament ? Because it makes no sense. Even your senior wailers are rejoicing and praising buhari on this. 4 Likes |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by atlwireles: 6:18pm On Aug 21, 2015 |
Nigerians with our foolishness, government payout dropped because crude oil is already at a 6 year low. My question is why are we still paying N1.1B per day? When crude oil is selling below $42 for WTI? 1 Like 1 Share |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by drss(m): 6:30pm On Aug 21, 2015 |
GudluckIBB:Proud wailer. Wailing for Nigeria becos its becoming a zoo. 1 Like |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by Nobody: 6:32pm On Aug 21, 2015 |
atlwireles:You didn't ask these questions when GEJ was president and we spent much more on subsidy. How can you convince me you are not a bloody hypocrite? 2 Likes |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by Vanityupnvanity(m): 6:33pm On Aug 21, 2015 |
Pls fellow nlanders i no know wetin dis 1 com mean, na im b say fuel price go drop or wetin? Make smbody enligthen me pls! |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by atlwireles: 6:36pm On Aug 21, 2015 |
JEGA01: Ask your fada if he is a bloody hypocrite, you son of a bitchhhh. 1 Like 1 Share |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by Jesusloveyou: 6:37pm On Aug 21, 2015 |
Ezenwammadu:be a good citizen report it to appropriate agency or to sss, d same occurred in my area in Benin last week, d following day, d station was seal off. 1 Like |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by Nobody: 6:40pm On Aug 21, 2015 |
atlwireles:The thing pain am |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by atlwireles: 6:41pm On Aug 21, 2015 |
JEGA01: almajiri, did not expect anything less. |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by Jesusloveyou: 6:45pm On Aug 21, 2015 |
Vanityupnvanity:d fuel price still remain 87 naira, but d extra price paid by govt has be reduce from 51 to 29 naira 1 Like |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by RockMaxi: 6:48pm On Aug 21, 2015 |
This is a bad news for those holding the country by the jugular during the era of stealing is not corruption. |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by Nobody: 6:50pm On Aug 21, 2015 |
atlwireles:I asked this hypocrite of a bigot a simple question o! See what he is resorting to. An almajiri is going to be your president till there will stop being Nigeria. Learn to live with it Or die a pre-mature death. |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by Mogidi: 6:51pm On Aug 21, 2015 |
We don't have fuel subsidy in Nigeria according to Bubu, how could Bubu lower what doesn't exist?
|
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by atlwireles: 6:56pm On Aug 21, 2015 |
[s] JEGA01:[/s] Whose president look at this dumbass. |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by Splashme: 6:56pm On Aug 21, 2015 |
Seriously, was Buhari paying subsidy? I expected fuel subsidy to be zero We bought fuel for between $110 - #150 the last three months he has been in power |
Re: Petrol Subsidy Drops By N1bn, Now N29.99/litre by Nobody: 8:02pm On Aug 21, 2015 |
atlwireles: |
What Is The Difference B/w Pdp & Apc? / Islamic State: If 10 Muslims Rape A Non-muslim Woman, She Becomes Muslim / Niger Delta Country Will Be As Confused As Nigeria
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 29 |