Ok

K

Let it come down further

E no go still better for APC for making us celebrate and anticipate fuel at 500 naira as against 150 naira

Iyalaaya yin ni APC

ogolemati:
something is really wrong with you,why won't you wait even if it's in next 4years. una agbero chairman said wait patiently. After 500 it will get to 50

You go tell us why u dey laff.. zombie no dey feel economic heat?

Please Avoid 3rd Mainland Bridge Route For Now, it Has Been Blocked, Because Emi Lo Kan is Going Back Abuja

May or MUST en fire 🔥 burn all of una ..

Validated:
Stop day-dreaming, not possible, otherwise I will start exporting Dangote gasoline to US/Canada for $1 (N1650) per litre

Are you an illiterate? Government regulates who can export petrol from the port mugu.

Fuel is not exported in your luggage. All these touts just talk without knowing anything

All these illiterates sef

Validated:
Stop day-dreaming, not possible, otherwise I will start exporting Dangote gasoline to US/Canada for $1 (N1650) per litre

If you had what it takes to get the license you would not be here commenting rubbish on Nairaland.

Ojuntana:
Local refining has always been a solution

However, it must be said that Nigerians should be amazed at how fuel price dropped to 935 when the majority of fuel is imported.

I thought imported petrol can't be cheap below exchange rate. How come imported petrol is now competing with locally refined fuel at the rate of $0.6 when petrol is being sold $0.8 on average at the cheapest rate worldwide? What happened to all the calculations of landing cost that we used to be bamboozled with?

If there's no subsidy presently and Nigerian petrol is still far cheaper than US, UK and our neighbours and is actually comparing with Saudi and Libya in terms of price, that shows that subsidy payment has been a scam all along. Nigerians were being robbed blind.
All those who ever paid subsidy or protested against its removal should be shot

That is the more you look,the less you see that has been happening in Nigeria for a long time.
This is why I support T-Pain.
It is a gradual thing.

Make I bend , una too like cruise for this country.

mightyhaze:
You go tell us why u dey laff.. zombie no dey feel economic heat?

but you tout,thugs and agbero said agbero chairman na master builder.he built Lagos from the sea.he is building Nigeria.so I should not laugh again because you are inside economic heat .are you alright

I may not understand all these long epistle but I know simply that they more the merrier,meaning,if there are more refineries,there will be competition,with that,prices will come down,to what extent?I don't know,it's just simple economics.

unbiasedTruth:
It was met at N87

And the minimum wage for workers then was #18,000 . Balance ur analysis mumu

Ofemannnu:

That is the more you look,the less you see that has been happening in Nigeria for a long time.
This is why I support T-Pain.
It is a gradual thing.

You support T-pain that what?

Is he not among those who fought against subsidy removal?

What has he done except suffer Nigerians for nothing?

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lailo:

And the minimum wage for workers then was #18,000 . Balance ur analysis mumu

Why did it increase 288.9% under Tinubu's APC?

I don't think that is possible. I doubt it can drop below ₦900.

Mad ppl every where…. U Dnt knw diff btw may nd will…. May is Jst speculation so we r goin to wait till may dt will never come abi…. God will punish all APC supporters even tinubu supporters will go to Hell fire.. because d bible said love ur neigbour as u love urself.. did dy love us? Person dy use 20 cars where sm cnt even boast of 100k for aza even sm 10k nd we ar here supporting nonsense…. Eoni jere

2027 campaign has begun

If it comes down, then it's obvious 2027 election is at stake, nothing else.

ajebuter:
Let it come down further

E no go still better for APC for making us celebrate and anticipate fuel at 500 naira as against 150 naira

Iyalaaya yin ni APC

Mile calm down.

Let's face reality no more subsidy

ogolemati:
but you tout,thugs and agbero said agbero chairman na master builder.he built Lagos from the sea.he is building Nigeria.so I should not laugh again because you are inside economic heat .are you alright

Bring ur skull mk I knock sense put..u no sabi read?

unbiasedTruth:
It was met at N87

Yaradua regime, the price of fuel was 65 naira per litre ...GeJ regime met it at 65 per litre but was later raised to 87 naira per litre couple with heavy subsidy and additional borrowing... and during the Bihari regime, it was raised to 340 naira per litre due to heavy subsidy and additional borrowing.

Bihari and GeJ add to the country's debt, whereas Baba Tinubu pays it off and reduces our debt servicing burden by 50% in the first quarter of this year.


Now, comparing the price of fuel per litre when it was heavily subsidized to the same fuel when it is no longer subsidized is absurd....perhaps you do not understand the meaning of subsidy... Google will help you.

may, will, shall...
FEAR = False Evidence Appearing Real

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Max24:
I don't think that is possible. I doubt it can drop below ₦900.

It should. It truly the Warri refinery is truly working.
We'll be depending less on imported refined petrol. Exchange rate might drop to ₦1,300 and petrol to ₦780

Blitzking:

Economic sabotage.. death penalty if caught in asia

This should be applied here also.....

Why is it the marketers thats always knowing the value fuel prices may crash to?

Let it first reach ₦500 before talking

That's only possible if demand in Chicago is higher than supply.

ajebuter:
Let it come down further

E no go still better for APC for making us celebrate and anticipate fuel at 500 naira as against 150 naira

Iyalaaya yin ni APC

That N500 is about $0.3

Even under PDP, it wasnt that low.

blabulu2000:


Yaradua regime, the price of fuel was 65 naira per litre ...GeJ regime met it at 65 per litre but was later raised to 87 naira per litre couple with heavy subsidy and additional borrowing... and during the Bihari regime, it was raised to 340 naira per litre due to heavy subsidy and additional borrowing.

Bihari and GeJ add to the country's debt, whereas Baba Tinubu pays it off and reduces our debt servicing burden by 50% in the first quarter of this year.


Now, comparing the price of fuel per litre when it was heavily subsidized to the same fuel when it is no longer subsidized is absurd....perhaps you do not understand the meaning of subsidy... Google will help you.

Resist the urge to shalaye