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Nairaland Forum / Nairaland / General / Politics / We Won’t Fix Petrol Prices Again – NMDPRA (25960 Views)
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We Won’t Fix Petrol Prices Again – NMDPRA by Islie: 8:01am On Jun 03, 2023 |
"We told the NNPC to recover its costs because they know how much it cost them to import the product and sell it." The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will no longer fix prices or release templates for Premium Motor Spirit (PMS), popularly called petrol. https://www.premiumtimesng.com/news/headlines/602193-we-wont-fix-petrol-prices-again-nigerian-agency.html 10 Likes 2 Shares
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Re: We Won’t Fix Petrol Prices Again – NMDPRA by jullary(m): 8:03am On Jun 03, 2023 |
Good. Let the competition start. It should be a competitive market, las las the price will definitely comes down without subsidy. 74 Likes 3 Shares |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by KingKO22: 8:07am On Jun 03, 2023 |
Good At worst petrol should not be more than 450 in Nigeria No matter how bad international market is 74 Likes 2 Shares |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Standing5(m): 8:47am On Jun 03, 2023 |
Corrupt bunch. 10 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Blaze14k: 9:17am On Jun 03, 2023 |
KingKO22: Some of you who support tinubu are so unintelligent. What this implies is the importers will determine the price of the market including dangotes refinery 47 Likes 6 Shares |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by NwaNimo1(m): 9:17am On Jun 03, 2023 |
Dangote go fix price...... ![]() ...Price fixing! 19 Likes 1 Share |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by LagosBoi2(m): 9:18am On Jun 03, 2023 |
Majority agrees that subsidy regime needs to go but my concern here is that, if they say refining locally will not bring down the price of petrol significantly i.e dangote and getting our local refineries to work, if other companies starts importing too taking away NNPC's market monopoly, that too will not bring it down significantly, what then will bring down the price of petrol significantly? Already Buhari has borrowed heaven and earth. Buhari has truly set traps for Tinubu. He will have to prove his brilliance once again in this difficult task ahead. May God help Him 48 Likes 4 Shares |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by ironheart(m): 9:18am On Jun 03, 2023 |
After pegging the price so high to favour your paymasters. Its sad that subsidy had already been paid for until the end of june. Why are we so evil in this country? 9 Likes 1 Share |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Sisora(m): 9:18am On Jun 03, 2023 |
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Re: We Won’t Fix Petrol Prices Again – NMDPRA by WorriorPlus: 9:18am On Jun 03, 2023 |
They scammed the masses into this deregulation nonsense. They stole the resources in the name of subsidy for years. They looted the oil sector for years through NNPC, and turned the same conduit pipe into a private sector. The same NNPC that was sold to those who looted Nigerian treasury dry. They now want to leave the masses in the hands of a monopolistic entity called NNPC to finally drive the masses into perpetual hardship. They promised to fix the refineries within few months into power. SCAM The promised to provide 24 hour power supply if voted into power. SCAM. Do you know that if these two important sectors were in good shape, no one will complain about subsidy removal? 26 Likes 3 Shares |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Angelfrost(m): 9:18am On Jun 03, 2023 |
Right direction so far...! 2 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by nairalanda1(m): 9:18am On Jun 03, 2023 |
Essentially, this means the subsidy is over. 58 Likes 1 Share |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by bigdammyj: 9:18am On Jun 03, 2023 |
Noted. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Omoapena(m): 9:18am On Jun 03, 2023 |
This country is gradually killing its citizens, removing subsidy outrightly isn't a right decision to take, at least reduce the subsidy by 50% and watch how things unfold for 1year, by then, people would have adjusted then remove the remaining 50% after a year... God will save this country from this incompetent leaders 19 Likes 1 Share |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by iHateFraudsters: 9:18am On Jun 03, 2023 |
Good Las las we go dey alright. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Melezenawii: 9:18am On Jun 03, 2023 |
NLC and TUC apply for your license and sell to Nigerians at #100 Lobatan 15 Likes 1 Share |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Sisora(m): 9:18am On Jun 03, 2023 |
Nonsense. How can market forces operate when there's no free entrance? Only one supplier in the market. Of course it'll need to be regulated. 4 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by NzogbuNzogbu: 9:18am On Jun 03, 2023 |
No wahala Can this Ahmed agency now be scrapped I don't even understand this government sef 2 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by isax(m): 9:19am On Jun 03, 2023 |
Okay |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by mytime24(f): 9:19am On Jun 03, 2023 |
K |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by nairalanda1(m): 9:19am On Jun 03, 2023 |
ironheart: If you were in business, would you agree to government fixing your price to help the poor.? 57 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by bashlek(m): 9:20am On Jun 03, 2023 |
Good. The forces of demand & supply will determine the equilibrium. The price will come down in the long run 10 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Cheeryfeet: 9:20am On Jun 03, 2023 |
I think this is good, once there is adequate competition, the prices will definitely drop as more and more people get into it. 8 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by datola: 9:21am On Jun 03, 2023 |
Yes. It's fine. But your agency too should be scrapped and the directors including you sacked. 5 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Gangster1ms: 9:21am On Jun 03, 2023 |
After the damage has been done.. Nonsense 2 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by flexyrule(m): 9:22am On Jun 03, 2023 |
Clowns 1 Like |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Kiddogarcia(m): 9:22am On Jun 03, 2023 |
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Re: We Won’t Fix Petrol Prices Again – NMDPRA by flokii: 9:22am On Jun 03, 2023 |
Change the name to Nigerian National Petroleum Products Importation Limited not NNPCL.. Useless organization 2 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by foleskay(m): 9:22am On Jun 03, 2023 |
Tinubu is starting on a wrong foot. Why will u abandon your prepared speech and start making vague statements like subsidy is gone. There should have been a Six month transition programmes ahead and atleast a functional refinery working before making subsidy. Jonathan even bought sure p buses that were conveying students free of charge. So what has tinubu put in place before announcing such outrageous statement. APC is truly a scam. Ole buhari gbe..ole tinubu gba. ![]() 10 Likes |
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