Buhari Reduces Petroleum Price To N125 Per Litre - Politics

Buhari Reduces Petroleum Price To N125 Per Litre - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Buhari Reduces Petroleum Price To N125 Per Litre (58414 Views)

Buhari Reduces Petroleum Price To N125 Per Litre by todaynewsreview(op): 6:47pm On Mar 18, 2020

In compliance with the Federal Government directive after it's weekly Federal Executive Council (FEC) meeting, the Nigerian National Petroleum Corporation (NNPC) reviewed pump price all over the country to N125/litre. This is contained in a press release via their Twitter handle. Screenshot below:

PMS PRICE ADJUSTMENT

In compliance with the directives of the Honourable Minister of State for Petroleum Resources on PMS pricing, the Corporation has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices accordingly.

Effective 19th March 2020, NNPC Ex-Coastal price for PMS has been reviewed downwards from N117.6/litre to N99.44/litre while Ex-Depot price is reduced from N133.28/litre to N113.28/litre.

These reductions will therefore translate to N125/litre retail pump price.

Despite the obvious cost implication of this immediate adjustment to the Corporation, NNPC is delighted to effect this massive reduction of N20/litre for the benefit of all Nigerians.

Accordingly, all NNPC Retail stations nationwide have been directed to change the retail pump price to N125/litre.

Mele K. Kyari
Group Managing Director, #NNPC
Abuja – 18th March 2020

https://mobile.twitter.com/NNPCgroup/status/1240317696732004352

13 Likes 3 Shares

Re: Buhari Reduces Petroleum Price To N125 Per Litre by omofranyoung(m): 6:50pm On Mar 18, 2020

Nice one.....
Las las.....we go dey alright.

26 Likes

Re: Buhari Reduces Petroleum Price To N125 Per Litre by bestpunterever: 6:53pm On Mar 18, 2020

amen

Re: Buhari Reduces Petroleum Price To N125 Per Litre by Iyiataata92: 7:05pm On Mar 18, 2020

Mele Kyari/Abba Kyari
Whats even the difference?

116 Likes 1 Share

Re: Buhari Reduces Petroleum Price To N125 Per Litre by DEmejioba1: 7:15pm On Mar 18, 2020

Iyiataata92:
Mele Kyari/Abba Kyari

Whats even the difference?

U get problem Sr.

105 Likes 6 Shares

Re: Buhari Reduces Petroleum Price To N125 Per Litre by sagitariusbaby(m): 7:18pm On Mar 18, 2020

Someone should tell His Excellency, the Executive Problem of the Federal Republic of Nigeria that it has to be 80 naira or we are not taking it

427 Likes 23 Shares

Re: Buhari Reduces Petroleum Price To N125 Per Litre by blezzy080: 7:25pm On Mar 18, 2020*

Confused lots

1 Like 1 Share

Re: Buhari Reduces Petroleum Price To N125 Per Litre by hisgrace090: 7:44pm On Mar 18, 2020

Long overdo!

8 Likes 1 Share

Re: Buhari Reduces Petroleum Price To N125 Per Litre by todaynewsreview(op): 8:29pm On Mar 18, 2020

sagitariusbaby:
Someone should tell His Excellency, the Executive Problem of the Federal Republic of Nigeria that it has to be 80 naira or we are not taking it

65 Likes 1 Share

Re: Buhari Reduces Petroleum Price To N125 Per Litre by helinues: 8:39pm On Mar 18, 2020

Nice one

Re: Buhari Reduces Petroleum Price To N125 Per Litre by sotall(m): 8:40pm On Mar 18, 2020

The person who did the mathematics is mad!

Crude oil price crashed from $70 to $30.

That's more than 50% reduction.

Price of fuel was 145 naira....now it should be about 70 naira.

This government is scam undecided

678 Likes 49 Shares

Re: Buhari Reduces Petroleum Price To N125 Per Litre by NothingDoMe: 8:52pm On Mar 18, 2020

sotall:
The person who did the mathematics is mad!

Crude oil price crashed from $70 to $30.

That's more than 50% reduction.

Price of fuel was 145 naira....now it should be about 70 naira.

This government is scam

lol

108 Likes 1 Share

Re: Buhari Reduces Petroleum Price To N125 Per Litre by obailala(m): 9:01pm On Mar 18, 2020*

todaynewsreview:
In compliance with the Federal Government directive after it's weekly Federal Executive Council (FEC) meeting, the Nigerian National Petroleum Corporation (NNPC) reviewed pump price all over the country to N125/litre. This is contain in a press release via their Twitter handle. Screenshot below:

CC: lalasticlala

Another pointless political move by the government.

The current low oil price presents a fantastic opportunity for the govt to do away with the subsidy regime for good. But instead, they choose to still modulate / control and peg the price. What then happens when oil price rises again?

42 Likes 3 Shares

Re: Buhari Reduces Petroleum Price To N125 Per Litre by Humphrizy(m): 9:53pm On Mar 18, 2020*

Finally... This is literally the best news of the Day..But it would have been better if it's reduced to #65.. FG just dey fry akara on top people head,e be like say na Porpo calculator dem been use fix up the figures.

Meanwhile..If you need Pure Original Honey.. bling/Whatsapp 081 0166 6771 let's talk about it...We will survive in dx country...No shaking

26 Likes 1 Share

Re: Buhari Reduces Petroleum Price To N125 Per Litre by tuoyoojo(m): 9:53pm On Mar 18, 2020

Would this lead to reduction in price of food stuff

8 Likes

Re: Buhari Reduces Petroleum Price To N125 Per Litre by Aammee77: 9:53pm On Mar 18, 2020

In compliance to Atiku's order
Atiku will Cum.... grin

25 Likes 1 Share

Re: Buhari Reduces Petroleum Price To N125 Per Litre by daddytime(m): 9:53pm On Mar 18, 2020

Lol

Is the difference in crude price or present-day economic doomsday occasioned by sister Corona #20 equivalent worth?

Very confusing, yet funny.

2 Likes 1 Share

Re: Buhari Reduces Petroleum Price To N125 Per Litre by maak400: 9:54pm On Mar 18, 2020

This move should ordinarily reduce transport fare and the prices of other commodities in the market, but in naija when prices go up, it never comes down. It always defy gravity angry

121 Likes 4 Shares

Re: Buhari Reduces Petroleum Price To N125 Per Litre by maynation(f): 9:54pm On Mar 18, 2020

It will take several months before this will be effective. No be naija again?? grin

15 Likes 2 Shares

Re: Buhari Reduces Petroleum Price To N125 Per Litre by Kylekent59: 9:54pm On Mar 18, 2020

Arise 'O' compatriots......

Peace and unity.

No wonder light dey today wella

No wonder PHCN hasn't intermittent power supply.

5 Likes 1 Share

Re: Buhari Reduces Petroleum Price To N125 Per Litre by Nobody: 9:54pm On Mar 18, 2020

It should be 70 Naira.

30 Likes 2 Shares

Re: Buhari Reduces Petroleum Price To N125 Per Litre by Nobody: 9:54pm On Mar 18, 2020

sotall:
The person who did the mathematics is mad!

Crude oil price crashed from $70 to $30.

That's more than 50% reduction.

Price of fuel was 145 naira....now it should be about 70 naira.

This government is scam

Big Scam

42 Likes 1 Share

Re: Buhari Reduces Petroleum Price To N125 Per Litre by ExAngel007(f): 9:54pm On Mar 18, 2020

Okay

Re: Buhari Reduces Petroleum Price To N125 Per Litre by Emmanuelhector(m): 9:54pm On Mar 18, 2020

Biafra will sell fuel at #12

19 Likes 1 Share

Re: Buhari Reduces Petroleum Price To N125 Per Litre by Jm879316: 9:54pm On Mar 18, 2020

Humphrizy:
Finally... This is literally the best news of the Day

what’s finally about this

21 Likes

Re: Buhari Reduces Petroleum Price To N125 Per Litre by BLESSICA: 9:54pm On Mar 18, 2020*

15 Likes

Re: Buhari Reduces Petroleum Price To N125 Per Litre by Aboguede(m): 9:54pm On Mar 18, 2020

Buhari is working grin

Obiano is working

Somebody said palm wine tapper but I catch like this grin

Re: Buhari Reduces Petroleum Price To N125 Per Litre by badmrkt(m): 9:54pm On Mar 18, 2020

What about those who bought @133.28 per litre from the depots??

9 Likes

Re: Buhari Reduces Petroleum Price To N125 Per Litre by Truthbites: 9:54pm On Mar 18, 2020

Guys reduce to #67 biko

6 Likes

Re: Buhari Reduces Petroleum Price To N125 Per Litre by Mruwa1(m): 9:55pm On Mar 18, 2020

sotall:
The person who did the mathematics is mad!

Crude oil price crashed from $70 to $30.

That's more than 50% reduction.

Price of fuel was 145 naira....now it should be about 70 naira.

This government is scam

lol now u know

14 Likes

Re: Buhari Reduces Petroleum Price To N125 Per Litre by Humphrizy(m): 9:55pm On Mar 18, 2020

sagitariusbaby:
Someone should tell His Excellency, the Executive Problem of the Federal Republic of Nigeria that it has to be 80 naira or we are not taking it

Lwkmd......Big man...I hail ooh

3 Likes

Re: Buhari Reduces Petroleum Price To N125 Per Litre by LesbianBoy(m): 9:55pm On Mar 18, 2020

Rubbish

4 Likes

1 2 3 4 5 6 7 Reply

Petroleum Price Surges To N1400 Per Litre As Nigerian Government Keeps Mum • Nigeria Minimum Wage In Numbers: From N125 In 1981 To Over N490k Demand In 2024 • N125: Have They Started Selling Fuel At The New Pump Price In Your Area? • 2 • 3 • 4

Caption This Photo Of Peter Obi And Wike (Throwback) • Eze Ndi Igbo Nairaland By-Election 2013: Nominations • It is An Honour To Be Despised By Fools - Kadaria Ahmed.. Nigerians React