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Fuel Official Price To Increase _FG - Politics - Nairaland

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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)

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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.


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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 grin

We get cow as president cheesy

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. shocked

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

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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

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

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

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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