The Official Price Of Petrol In Nigeria Is Now N125 Per Litre - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › The Official Price Of Petrol In Nigeria Is Now N125 Per Litre (1475 Views)
| The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by tunene66(op): 5:54pm On Mar 18, 2020 |
ANNOUNCEMENT: The official Price of Petrol in Nigeria is now N125 per Litre. A Price Modulation Mechanism is being introduced, to be managed by the Petroleum Products Pricing Regulatory Agency (PPPRA), to henceforth adjust the price in line with the market price of crude oil. https://twitter.com/NigeriaGov/status/1240318731781386242 1 Like
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| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by Bigii(m): 5:59pm On Mar 18, 2020 |
God bless Atiku  Turaki has taught them economics 101 and pol 202. Thank you for teaching president Abba kyari his job  3 Likes |
| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by Nobody: 6:03pm On Mar 18, 2020 |
Bad news brought about good news. Hence, the drop in pump price in World market Meanwhile, we still rejoice from all of us@ certifiedconglomerate |
| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by NaijaRoyalty(m): 6:06pm On Mar 18, 2020 |
Bigii:You're so right my brother 2 Likes |
| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by orisa37: 6:14pm On Mar 18, 2020 |
tunene66: |
| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by kponkedenge(m): 6:16pm On Mar 18, 2020 |
Are you sure? I just bought fuel while going home now and it was still N145. When will it finally be adjusted nationwide? |
| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by orisa37: 6:17pm On Mar 18, 2020 |
Don't increase electricity price please. |
| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by Nobody: 6:19pm On Mar 18, 2020 |
Bigii:He hasn't. Infact, both APC and PDP by setting the price instead of allowing marketers set the price have shown they don't know economics. The best decision now is to completely remove subsidy. So long as government sets prices there is a subsidy 1 Like |
| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by donpapa(m): 6:19pm On Mar 18, 2020 |
Nice one |
| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by Mynd44(mod): 6:40pm On Mar 18, 2020 |
| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by Sirsuky(m): 6:45pm On Mar 18, 2020 |
They try small if they did not reduced it nothing can we do but never the less this Government need to step up their method of governance For what am seeing are the group of clueless people |
| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by tunene66(op): 6:53pm On Mar 18, 2020 |
Mynd44:The actual price as announced via the verified twitter handle of the Government of Nigeria and NNPC is =N=125 per litre https://twitter.com/NNPCgroup/status/1240317696732004352
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| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by REDshouse(m): 7:14pm On Mar 18, 2020 |
kikero:you are the one that dont know economics... why will u allow marketer to fix price of a common product petrol ...something the marketers can just sit down on a round table and increase price at will at the shortest notice .... |
| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by Nobody: 7:30pm On Mar 18, 2020 |
REDshouse:Because if you let marketers control the price, the economics of competition will bring it down. Plus, if you bought shoes at 8000 a pair and you wanted to sell them at 10000 a pair, and government intervened and said you should sell it at 4000 a pair while they pay you a subsidy of 2000 naira for every pair sold, would you agree? Because you would lose 1000-3000 naira per pair, and you won't have any profit to invest in new shoes, new shops, etc Because that is how a subsidy works.And that is why we don't have new refineries and why NNPC cannot repair old ones, and a big part of why smuggling takes place, why we are going into debt and so on |
| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by RichBoy247: 7:43pm On Mar 18, 2020 |
Bigii:So, you think Buhari or PPRA listens to that Cameroonian bisexual called Atikuchukwu. Buhari is President till 2023, get used to that so that you don't die of anger, hatred, bitterness and depression 1 Like |
| Re: The Official Price Of Petrol In Nigeria Is Now N125 Per Litre by REDshouse(m): 3:55pm On Mar 19, 2020 |
kikero:and in a situation that u have few cartel deciding the price of commodity in the market... what do u do ...u regulate as a government.... |
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