chuksville:
All these is to seek for votes abi. After winning it'll increase to 300 per litre. Continue.

the same way rice was reduced to 8,000 naira in Feb 2015, by April rice increase to 12,000.
If the jobless aggressive lazy idiotic pigs of bia-fra terrorist are in doubt,
Google is your friend.

With BORROWED funds!

reducing it at that price will need alot of subsidy oooo....

apc shouldnt be bothered about elections.....they are doing a mistake trying to copy the tactics of fee dee fee to win....

they shouldnt care about other parties......

he has been using indirect taxing to stiffle Nigerians. now he wants to reduce his life span not fuel. For us to take him serious, let him refund the exccess he has rob since he implented the new fuel regime.

Another round of December Fuel scarcity again

2lateBiafra:
We will soon start buying electric cars

Where you wan CHARGE am....??
U go use “ I pass my Neighbor” abiii

Hungry blogger spreading baseless news.. Your moniker was registered 24 hrs ago to disseminate garbage well done

That's a good one. Sai Buhari?

https://www.youtube.com/watch?v=whkK2QVD1xA

9jahitplay:


Barring any last unforeseen circumstances the Federal Government is set to reduce the price of fuel to 95 Naira per litre .

Our source in the presidency said president Buhari who oversees the Petroleum ministry is set to make the reduction which would take effect from the first week of November.

The cost reduction of fuel our sources claim is not in anyway related to the current price in per barrel of oil .It is alleged that the Presidency are desperately looking for measures that would boost the electoral chances in next years General elections.

Presently the presidency is in consultation with stakeholders in the oil industry in both the upstream and downstream sectors to see ways the reduction could be feasible .Already fears are been raised about the possibility of such reduction and the implications it would have in the polity .Buhari who according to sources is adamant and insisting on going ahead with the plan reduction with high hopes of endearing the electorates to his government.

How the crisis that may follow with such a reduction without adequate consultations with oil stakeholders and OPEC is yet to be ascertained .

The Petroleum Product Pricing Regulatory Agency [PPPRA] and the Department of Petroleum Resources [DPR] have been asked to enforce strict compliance with the new pricing regime as soon as it becomes effective.

Already the Federal Government claims to be paying subsidy for the landing cost of PMS .

The new measure is a reversal of government’s policy on the matter.

When reminded of the technical difficulties involved with such a hasty reduction our source who craved anonymity claims that this is politics and remains strictly politics.

Recall in January 2015 the government of Goodluck Jonathan reduced the price of fuel from N97 per litre to N87 per litre on the eve of the general elections.
Source:
http://www.naijahitplay.com/2018/10/unbelievable-president-buhari-set-to.html?m=1

9jahitplay:


Barring any last unforeseen circumstances the Federal Government is set to reduce the price of fuel to 95 Naira per litre .

Our source in the presidency said president Buhari who oversees the Petroleum ministry is set to make the reduction which would take effect from the first week of November.

The cost reduction of fuel our sources claim is not in anyway related to the current price in per barrel of oil .It is alleged that the Presidency are desperately looking for measures that would boost the electoral chances in next years General elections.

Presently the presidency is in consultation with stakeholders in the oil industry in both the upstream and downstream sectors to see ways the reduction could be feasible .Already fears are been raised about the possibility of such reduction and the implications it would have in the polity .Buhari who according to sources is adamant and insisting on going ahead with the plan reduction with high hopes of endearing the electorates to his government.

How the crisis that may follow with such a reduction without adequate consultations with oil stakeholders and OPEC is yet to be ascertained .

The Petroleum Product Pricing Regulatory Agency [PPPRA] and the Department of Petroleum Resources [DPR] have been asked to enforce strict compliance with the new pricing regime as soon as it becomes effective.

Already the Federal Government claims to be paying subsidy for the landing cost of PMS .

The new measure is a reversal of government’s policy on the matter.

When reminded of the technical difficulties involved with such a hasty reduction our source who craved anonymity claims that this is politics and remains strictly politics.

Recall in January 2015 the government of Goodluck Jonathan reduced the price of fuel from N97 per litre to N87 per litre on the eve of the general elections.
Source:
http://www.naijahitplay.com/2018/10/unbelievable-president-buhari-set-to.html?m=1

This information is mere rumour hence it shouldn't been taken serious until it is confirm from a reliable source

APC is a fraud party, and shouldn't be taken serious
zombie should keep on licking the ass of thr fraud master

news source not recognized

buhariguy:
the same way rice was reduced to 8,000 naira in Feb 2015, by April rice increase to 12,000.
If the jobless aggressive lazy idiotic pigs of bia-fra terrorist are in doubt,
Google is your friend.

Yoruba Muslim spoted,enemy of progress

Another government Magic..... after election get ready to buy fuel 350per liter.

lie Mohamed at it again

A very very bad move which will never impact the the economy in any way rather it will make things worse If at all the news is real .

9jahitplay:


Barring any last unforeseen circumstances the Federal Government is set to reduce the price of fuel to 95 Naira per litre .

Our source in the presidency said president Buhari who oversees the Petroleum ministry is set to make the reduction which would take effect from the first week of November.

The cost reduction of fuel our sources claim is not in anyway related to the current price in per barrel of oil .It is alleged that the Presidency are desperately looking for measures that would boost the electoral chances in next years General elections.

Presently the presidency is in consultation with stakeholders in the oil industry in both the upstream and downstream sectors to see ways the reduction could be feasible .Already fears are been raised about the possibility of such reduction and the implications it would have in the polity .Buhari who according to sources is adamant and insisting on going ahead with the plan reduction with high hopes of endearing the electorates to his government.

How the crisis that may follow with such a reduction without adequate consultations with oil stakeholders and OPEC is yet to be ascertained .

The Petroleum Product Pricing Regulatory Agency [PPPRA] and the Department of Petroleum Resources [DPR] have been asked to enforce strict compliance with the new pricing regime as soon as it becomes effective.

Already the Federal Government claims to be paying subsidy for the landing cost of PMS .

The new measure is a reversal of government’s policy on the matter.

When reminded of the technical difficulties involved with such a hasty reduction our source who craved anonymity claims that this is politics and remains strictly politics.

Recall in January 2015 the government of Goodluck Jonathan reduced the price of fuel from N97 per litre to N87 per litre on the eve of the general elections.
Source:
http://www.naijahitplay.com/2018/10/unbelievable-president-buhari-set-to.html?m=1

Beware of fake news! Which one is Naijahitplay and 'our sources at the presidency'

is this an old campaign news abi something new..if so, for where e 1 for follow reduce am? yeye

mankan2k7:
verily I say unto u, even if d fuel is free, d lifeless pathological dullard is going back to daura

Only idiiots will buy this nonsense even if it is true...He will reduce it to 95Naira now and thereafter increases it to 250Naira per litre if he wins next year ..

Atikulating in progress..no time

Right now as much as I like Buhari, unfortunately this cannot happen. The landing cost of 1 litre of PMS 145+53= N198.

This is the amount of subsidy being paid. Since we do not have functional refineries, we are subject to the price fluctuations of the crude oil price.

Thus reducing the cost to N95 a litre would mean an increase in the amount government is spending as unappropriated subsidy which would not be reasonable because of dwindling profit margin from the sale of crude oil and importation of PMS.

This is why previous governments since Obasanjo who kept paying for TAM at the refineries without ensuring that we had them functioning should be held accountable for their mismanagement and maladministration while the culprits should be jailed for 100 years while their assets are seized and sold to recover our money.

It would hit the government harder and I don't think this is possible.

In 15 months or thereabout Dangote's refinery would be operational and the South western part of Nigeria would experience its indirect effect through expanding economic activities, while the price of petrol will begin to fall. So it doesn't matter who becomes President by 2020, the cost of PMS will come down.

By the way Tony Elumelu former UBA chairman is set to lead a consortium to invest $2.5bn in an oil lease investment in Nigeria, and he has said that Nigeria's economic outlook is bright or else no foreign investor will be thinking of sinking such money into Nigeria.