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Nairaland Forum / Nairaland / General / Politics / We Won’t Fix Petrol Prices Again – NMDPRA (25958 Views)
Reno Omokri Compares Petrol Prices In Ghana And Nigeria / Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero / NNPC Hikes Petrol Prices Across Nigeria. List. (2) (3) (4)
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Re: We Won’t Fix Petrol Prices Again – NMDPRA by Helpfromabove1(m): 9:22am On Jun 03, 2023 |
N |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by hush15: 9:23am On Jun 03, 2023 |
jullary: The more important question will be what is considered as market forces... Cos something tells me that it's these politicians they are referring to. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by flokii: 9:23am On Jun 03, 2023 |
Sisora: They have planned the Monopoly well for Dangote.. those ab0kis know what they are doing. Soon market forces will affect prices of PMS in Nigeria while same product will be way cheaper in Niger Republic. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by omohayek: 9:24am On Jun 03, 2023 |
This is a huge step in the right direction. The next steps must be to ensure (i) that the import requirements are quick and easy to meet - so no nonsense with needing to beg some "director" or "chief" somewhere for a license, and (ii) that there are no burdensome import tariffs put in place to tilt the playing field in favor of Dangote. The second point is particularly important, as many Nigerians are particularly gullible whenever monopolists wheel out faux-nationalist rhetoric about "independence" and "self-sufficiency". There is nothing intrinsically wrong with imports, and paying over the odds for a commodity product like petroleum makes no sense from either an economic or a strategic point of view. 3 Likes 1 Share |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by FireUpNow(m): 9:25am On Jun 03, 2023 |
Las las petrol will sell for N1,000 and above. Nigerians don enter one chance for allowing babablublu to come in. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by John4B: 9:27am On Jun 03, 2023 |
Good news! Let their be competition. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Dittodat: 9:27am On Jun 03, 2023 |
Good. Let the market determine the price. That's the way its supposed to be. 2 Likes 1 Share |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Cheeryfeet: 9:27am On Jun 03, 2023 |
Blaze14k:You don't know the forces of demand and supply, nor the law of competition. They can only determine the prices to the extent they monopolize the market, but as many that can get into the business, the prices will definitely crash. Its a given. Remember what happened when gsm came in newly. Mtn and Econet monopolized the market but immediately glo came in, the price crashed 6 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by nairalanda1(m): 9:27am On Jun 03, 2023 |
datola: The MMDPRA is not a price setting agency. It is replacing the old price setting agency. No more price regulation All as the new PIA prescribes. 1 Like |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by AfonjaScud: 9:27am On Jun 03, 2023 |
Blaze14k: What indicates the fact that he is a Tinubu supporter ? Can you now see how unintelligent, silly, stupid and infantile you are ? You think and write exactly like the Obi supporters - emotions rather than the brain controls you. 8 Likes 1 Share |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by omohayek: 9:27am On Jun 03, 2023 |
Sisora:Did you miss the following passage? Mr Ahmed further disclosed that marketers are now free to source their foreign exchange anywhere around the world to import petroleum products and recover their costs without impediments.Of course, we still have to see whether it will be this free in practice (and what sort of tariff will be imposed on the imports), but it looks like there will be no shortage of competition going forward. 2 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by unite4real: 9:28am On Jun 03, 2023 |
jullary: Just as it came down after subsidies were removed from diesel and kerosene right? 1 Like |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by unite4real: 9:29am On Jun 03, 2023 |
Cheeryfeet: Just as it came down after subsidies were removed from diesel and kerosene right? |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Godstiger(m): 9:30am On Jun 03, 2023 |
Na to remove subsidy be the problem,but what is being put into place to caution its aftermath effects |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Bedotfarms: 9:32am On Jun 03, 2023 |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Bedotfarms: 9:33am On Jun 03, 2023 |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by zinaunreal(m): 9:33am On Jun 03, 2023 |
Omoapena: The just removed it without and control measure and that's really bad . Shows they have no plans and have no idea what they are doing at all. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Chetas81(m): 9:35am On Jun 03, 2023 |
KingKO22:Under your naira currency petrol should be 120 per liter, subsidy have nothing to do with our refinery and our oil |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by gidjah(m): 9:36am On Jun 03, 2023 |
KingKO22:I want to. Believe this too.all this public looting has to stop.Open market system would sure bring down the price gradually though if them no form oil impoters cabal on this !! |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by ariesbull: 9:38am On Jun 03, 2023 |
If they can guarantee their availability...no wahala with the price ! . Let's see the action of organised labour so that we can know if they can bite And why can't we just build modular refinery to bring down these costs of finished products ? |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by grandstar(m): 9:38am On Jun 03, 2023 |
It is very important at this juncture for government to liberalize the importation of refined crude oil products. Presently, the cost of a license is about N500m or more. This is just insane. 1 Like |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by gidjah(m): 9:38am On Jun 03, 2023 |
NzogbuNzogbu:thinking in that pattern just now too sir.most of this regulation /deregulation bla bla should be scrapped off. Most of them are redundant and publicly financially tasking .Even task force in oil company ,since we now have open market, only the best oil importers will sure sell most |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Blackdisciple(m): 9:39am On Jun 03, 2023 |
All those positions it's not fit for people from other region like the southerners... |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Gentew(m): 9:39am On Jun 03, 2023 |
Blaze14k: I thought you're intelligent..... who is determining the price of airtime and data when deregulation took place in the telecommunications sector. Same is going to happen in power and oil & gas 2 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Chetas81(m): 9:39am On Jun 03, 2023 |
gidjah:when last do you heard caba in oyinbo Man sentence ____ cabal- poor -hustle - / have no respect in British territory |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Ade3131: 9:39am On Jun 03, 2023 |
jullary: Which mumu market are you competing with? Dangote refinery will be the only refinery we have for some time until the other government refineries are fixed imported fuel will cost as much as the price of dollar per liter. You don't expect the importers to sell lesser than they sourced the product. 1 Like |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by nairalanda1(m): 9:40am On Jun 03, 2023 |
unite4real: You raise a good point, but the problem is....things are not cheap. Yeah , prices of kero and diesel have gone up, because until 2013, the government spent millions upon billions of naira protecting you from the real price of the things. And in the process we were having scarcity from time to time (am old enough to recall queues for kerosene) Look, things cost money. Because the people who bring the kerosene to you, all want to be paid...from the refinery worker, shipper, etc...all want to be paid. And it also costs money to repair, maintain, and upgrade refining facilities. And they wont get paid if we were paying something like N20 for a liter of kerosene. If you are getting something for cheap...either 1) it was made substandardly or 2) someone somewhere is paying for it. At a heavy cost. 2 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by mastermaestro(m): 9:42am On Jun 03, 2023 |
Omoapena: Oga the shit keeps growing every year because of inflation. Let the removal be total for once! Enough of cowardly policies. Sitting on the fence does not bring about development. Subsidized petroleum products make their way to neighboring countries at the expense of Nigeria. How long should we continue to feed the monster? You guys should stop crying. Subsidy is gone! Say goodbye to it and be at peace with reality. ![]() 4 Likes 1 Share |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by erico2k2(m): 9:44am On Jun 03, 2023 |
jullary:Come down more than the country it was imported from?? 1 Like |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by dododawa1: 9:44am On Jun 03, 2023 |
God bless NIGERIA |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Menclothing: 9:45am On Jun 03, 2023 |
Omoapena: You are part of the evil 50 percent what so we should be paying subsidies for neighboring countries Fuel subsidy no more 1 Like |
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