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Nairaland Forum / Nairaland / General / Politics / Fuel Official Price To Increase _FG (941 Views)
Buhari Reduces Petroleum Price To N125 Per Litre / Minimum Wage: FG Planning To Increase Petrol Price To N185 – Fayose / FG May Increase Petrol Price To N180 Per Litre (2) (3) (4)
Fuel Official Price To Increase _FG by dedollarman(m): 7:52am On Feb 16, 2018 |
( I will take Nigeria to the next level ) bahari promise Nigerians this week NIGERIAN'S HERE. UR NEW LEVEL. BEINGS There are indications that the federal government may increase fuel price to address the problem of fuel scarcity which has lasted for over three months now. Bauchi State governor, Mohammed Abubakar gave the hint yesterday while briefing state House correspondents after the National Economic Council meeting presided over by Vice- President Yemi Osinbajo at the Presidential Villa. He said the Group Managing Director of the Nigeria National Petroleum Corporation ( NNPC) ,Maikanti Baru briefed council on the reason why the fuel scarcity still persists. According to him , a NEC committee headed by the Gombe State governor, Ibrahim Dakwambo will interface with NNPC with a view to determining the correct price for PMS considering the price of the product in countries bordering Nigeria. He said “The second issue that was discussed was the issue of the scarcity of petroleum product. The problem was addressed by the Group Managing Director of the NNPC. “The issue is of course caused by an inter-play of the change rate of the Naira and the Dollar and the price of crude oil at the international market which affects the landing cost of refined products in Nigeria. “And in the process makes the operation of the current price regime almost impossible without some measure of nile return for whoever is in the process. “As at today, most of not all independent marketers have stopped importing, refine products into Nigeria. It is only the NNPC that has been doing it. And the NNPC has been suffering a lot of set backs. The highest amount of under recovery. “By under recovery it means the inter-play between the landing cost of a liter of the PMS in Nigeria and the love-vendor price of that product. If the product lands at N170 for example and you sell at N145, immediately you know that you have an under recovery of about N25 for each liter of fuel. “So submitted his report and the National Economic Council has a committee that has been interfacing with all revenue generating agencies of the federal government under the chairmanship of the governor of Gombe State. That committee has been charged with the responsibility of interfacing with NNPC with a view to determining the correct price for PMS considering the price of the product in especially countries that are bordering Nigeria. Because that is one of the reasons that encourages smuggling of the products to these areas, ” he added. Copyright LEADERSHIP. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP. Contact Read More at: https://leadership.ng/2018/02/15/fg-sets-review-fuel-price/ |
Re: Fuel Official Price To Increase _FG by CROWNWEALTH019(m): 7:54am On Feb 16, 2018 |
We going to the next level We get cow as president 4 Likes |
Re: Fuel Official Price To Increase _FG by Firefire(m): 7:55am On Feb 16, 2018 |
The fraudulent criminal will take Nigerians to the next level of hardship. Chai Barber! 5 Likes |
Re: Fuel Official Price To Increase _FG by sinistermind(m): 8:00am On Feb 16, 2018 |
I remember that about 2 years ago, when the price was increased to 141/145, they said market forces will cause price to fall. 2 years later, they plan increasing it to probably 180 or 190 per litre. We have entered one chance with this govt. 6 Likes |
Re: Fuel Official Price To Increase _FG by blackfase(m): 8:01am On Feb 16, 2018 |
Talking about next level....lol 1 Like |
Re: Fuel Official Price To Increase _FG by stepo707: 8:02am On Feb 16, 2018 |
Next level of hardship. 1 Like |
Re: Fuel Official Price To Increase _FG by eTECTIVe(m): 8:10am On Feb 16, 2018 |
Hahahahaha... Some of us already know na... We jus wanted to see how long dey intended to kip fooling demselves and Nigerians... Dey thought dey could manage it till afta d elections next year cos even ediots know any further increase in d price of fuel is a huge setback on d govt's reelection plans considering their already battered image 3 Likes 1 Share |
Re: Fuel Official Price To Increase _FG by Omeokachie: 8:14am On Feb 16, 2018 |
By the time Buhari and his gang are through with Nigerians.... 1 Like
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Re: Fuel Official Price To Increase _FG by dollarcoolcat(m): 8:14am On Feb 16, 2018 |
Next level.. Make man no talk abeg 1 Like
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Re: Fuel Official Price To Increase _FG by Nenejeje(f): 8:30am On Feb 16, 2018 |
kuku kee us now kill us and finish the job weyrey government 1 Like |
Re: Fuel Official Price To Increase _FG by BeeBeeOoh(m): 8:36am On Feb 16, 2018 |
Why am I even bordering myself when hardship doesn't know you are supporting Buhari? Barber kari on jare Sai Barber Barber till we all die and he rule himself #OnToTheNextLevel 2 Likes |
Re: Fuel Official Price To Increase _FG by stevecantrell: 8:39am On Feb 16, 2018 |
Once bitten twice shy...
Or you want a second bite ? 1 Like
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Re: Fuel Official Price To Increase _FG by baralatie(m): 8:42am On Feb 16, 2018 |
next level things 1 Like |
Re: Fuel Official Price To Increase _FG by lurvy: 8:49am On Feb 16, 2018 |
What a shame! 1 Like |
Re: Fuel Official Price To Increase _FG by izombie(m): 8:55am On Feb 16, 2018 |
The funny thing about this next level buhari will be taking nigeria to is that the chief zombies like sarrki, ngene, omenka will still follow dey queue for fuel. And thats if they can afford the next level price. 2 Likes
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