Islie:


https://newtelegraphng.com/ipman-dangote-could-crash-fuel-price-to-n515/?utm_source=rss&utm_medium=rss&utm_campaign=ipman-dangote-could-crash-fuel-price-to-n515

helinues:
Let him crash it first.

The news of crashing don dey turn to suspense

Islie:


https://newtelegraphng.com/ipman-dangote-could-crash-fuel-price-to-n515/?utm_source=rss&utm_medium=rss&utm_campaign=ipman-dangote-could-crash-fuel-price-to-n515

helinues:
Let him crash it first.

The news of crashing don dey turn to suspense

bellosulaiman:
499 naira per liter would be more soothing to the ears

AKPOSbaba:
FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”

In a telephone interview with Vanguard, the former minister argued that Nigeria produces millions of barrels of crude oil daily, and if properly harnessed will boost the performance of the industry.

His words: “I want to assure you that by the time he takes over, petrol will be dispensed at N40 per litre. This is possible and he has the credibility to make it work.

The major assignment of the president-elect when he is eventually inaugurated is to restore confidence to the industry.

He noted that the president-elect is familiar with the petroleum industry, adding that he is a straight forward person that has respect for democratic principles.

“As military head of state, he dealt with the Federal Executive Council with the tenets of democracy. Buhari will build new refineries to make petroleum products available for the masses. No responsible government will allow the masses to suffer.

SOURCE..http://www.vanguardngr.com/2015/04/buharill-reduce-petrol-to-n40l-david-west/

Watinhapen:
Is 515 naira crash? He should make it 300-350. 515 is still very high.

ElevationD:
What’s the business of IPMAN with suggesting or determining the cost of petroleum products for Dangote?

With the yeye idea, if fir example, Dangote wanted to sell at 300, these greedy IPMAN people, would make it higher, so that they can benefit more. That’s the challenge with diesel price today.

dododawa1:
RUBBISH


MY

EXPECTATION IS

#300 /#250

DANGOTE THIS

DANGOTE THAT

THE MAN WANT TO BECOME RICHEST MAN ON EARTH NOT

NIGERIA PROGRESS

Brushstrokes20:
Bullocks😏
If it ain't #300 or less, that is no crash!

anthonykezy:
Oil slump: Bring down fuel price immediately, Fashola tells FG ON DECEMBER 7, 2014

Lagos—As the global oil prices slid further downward, Governor Babatunde Fashola of Lagos State, yesterday, asked the Federal Government to review downward the pump prices of Premium Motor Spirit, PMS,  from N97 per litre in the country in tandem with the slump in world oil price. President Jonathan and Gov Babatubde Fashola of Lagos The Organisation of Petroleum Exporting Countries, OPEC, had last Friday, on its website pegged the oil price at $66.27 per barrel.

Fashola who blasted FG for its reluctance to adjust the pump price of   PMS, made the remarks while addressing hundreds of youths at the  Lagos State and After School  Graduation Development Centre,  AGDC, IGNITE Employability Project 5, Ikeja. He lamented that Nigerians were not receiving fair treatment from the central government like others in oil producing nation.

Fashola said, “Now we should be enjoying cheap fuel if the price of oil has dropped globally. Even as we import the product, a major component has reduced in price and while this has reduced, the pump price of fuel in the country still remains the same. “Then something is wrong. If the price increases in the country when the price of oil goes up globally, then it should also reduce when the price of oil drops. “I understand that I am not an economist; they (Federal Government) are the economists. But I have some logic and common sense to ask critical questions. For instance, if one buy flour at N10 per kilogram, and the bread was sold at N1 per loaf. If the price of flour drops, the price of the bread should also change,” Fashola added.

The governor, therefore, urged President Goodluck Jonathan led administration to follow the footstep of other countries that have reduced the pump price of oil products for their citizens. Fashola noted that the oil sector of the country had not been improved to address challenges confronting the nation especially unemployment, saying “The economy is not doing well. Some of you (audience) are compelled to try to survive through whatever means.”

On how the oil sector would have addressed the unemployment challenges, he said. “If we are trying to build refinery with Dangote in Lekki Free Zone, LTZ, in Epe; and the construction alone would require 8, 000 workers. It means that they must get to work and back. So there is need for transportation service, there is need for food and other services during work and post construction. “So if we stop importing fuel, and start building refineries and doing other things right the economy will lift. If you build a gas grid for the country and rough estimate indicated that investing $5 billion, many businesses will began to get gas and some of the power installation can also convert to gas and others, there would be sudden positive effect on the country’s economy.”

Source: http://www.vanguardngr.com/2014/12/oil-slump-bring-fuel-price-immediately-fashola-tells-fg-2/

Islie:


https://newtelegraphng.com/ipman-dangote-could-crash-fuel-price-to-n515/?utm_source=rss&utm_medium=rss&utm_campaign=ipman-dangote-could-crash-fuel-price-to-n515

fabolouz1:
Still expensive. If bua refinery and others still in the pipeline comes on stream pump prices of p.m.s should be around 300-350.

Druss:
Does Nigeria not have anti-trust laws?

PlasmaTV:
Could, would, shall, will..
We are tired of empty promises.

SoNature:
Before the gloating over how Dangote could crash the price of every petroleum product, the government should address the issue of Dangote importing crude oil from the UnIted States. It's a embarrassing that Nigeria is a major crude oil producing country but its major refinery imports from a faraway country.

lamentor78:


Except Dangote will sell at his own filling station at that price,have you considered smugglers

Khyrvxjzy:

who dey promise you, abi he no one better for you ni

dangote na your government

igbo

3kay945:
Hmm.. fingers are crossed.
Crash should be 250 to 300 na.