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Nairaland Forum / Nairaland / General / Politics / MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 (40953 Views)
Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers / Femi Adesina: When Petrol Went To N145 Under PMB, Nigerians Held Their Peace / Fuel At N145/litre No Longer Sustainable – NNPC (2) (3) (4)
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MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Islie: 10:33am On Jun 11, 2016 |
PMS not yet deregulated Inflation projected to hit 14.7% in May By Ejiofor Alike and Obinna Chima http://www.thisdaylive.com/index.php/2016/06/11/moman-petrol-sales-drop-40-since-price-adjustment-to-n145/ |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by doingood: 10:37am On Jun 11, 2016 |
No money to buy fuel. No light. Nigerian are use to managing their life anyhow, and some how. 85 Likes 1 Share |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by princefunmmy(m): 10:38am On Jun 11, 2016 |
Ok. |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by seyema(m): 10:42am On Jun 11, 2016 |
This hardship is real 23 Likes |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by megainvest: 10:51am On Jun 11, 2016 |
Of course. The volumes being smuggled out of the country have drastically reduced because the incentive has been removed. 207 Likes 11 Shares |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Nobody: 10:51am On Jun 11, 2016 |
Great 1. Low volume of circulation of money 2. Low attraction of diversion due to high cost 3. Drop in car purchase 4. Surge in demand for public transport system 5. Rise in sack of bank workers 6. Improved competition among retailers 7. Prioritisation of movement by road users 8. Ramadan period 9. Drop in corruption 10. Absence of subsidy payment 11. Confidence in APC govt to improve power ![]() 120 Likes 3 Shares |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by ImpersonatorSS: 10:51am On Jun 11, 2016 |
Sure...Very true... I've cut down the use of my car drastically and saved more than when PMS was even N86.50k 72 Likes |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Shukuakukobambi: 10:55am On Jun 11, 2016 |
megainvest: Exactly!! This is the real reason. I'm very happy with this situation. 61 Likes 2 Shares |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Project400: 11:00am On Jun 11, 2016 |
Fact remains that sales on rice and tomatoes have equally dropped. It doesn't mean people stopped eating, they simply changed their taste - from fresh tomatoes to pepper and onions; from parboiled rice to garri; from air conditioned SUV to keke; from kerosene to bamboo sticks and charcoal. I do not think the new transition is worth celebrating. Reduction in PMS sales is not good for anyone. It is bad market to the CEO of gas stations, to the people, and to the government. 66 Likes 6 Shares |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by bondingman: 11:00am On Jun 11, 2016 |
inflation projected to hit 14.7% in MayI wonder what's buhari's target ![]() 15 Likes 2 Shares |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Maisuya1: 12:16pm On Jun 11, 2016 |
I don't think sales droped because people still drive their cars, but smuggling across the northern boarders have droped as the profit margin is no more worth the risk 35 Likes |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by adaweezy(m): 12:48pm On Jun 11, 2016 |
Maisuya1:It ain't smuggling that caused the low sales,when I go to work everyday whilst passing Ikeja I discovered that traffic jams are rare and the only traffic this days is either caused by traffic light or accidents. Cars are fewer. 59 Likes 3 Shares |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by DaBullIT(m): 1:28pm On Jun 11, 2016 |
Most hold ups are caused by accident or stubborn drivers and mostly from queues Bovas sells petrol for 142 as of today in some areas in Osun state Just saying People have not abandoned their cars I think availability of fuel everywhere is the reason why there's less traffic and / or hold ups 15 Likes |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Nutase: 1:59pm On Jun 11, 2016 |
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Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by bettercreature(m): 2:01pm On Jun 11, 2016 |
DaBullIT:It's 137 naira in my area,this is not about motorist its about people who are using fuel to power generator,since most states dont pay salaries,people are not able to afford fuel to power their generator 26 Likes 3 Shares |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by mankan2k7(m): 2:25pm On Jun 11, 2016 |
Person wey no collect salary for d past 6 months na him go buy petrol 23 Likes 1 Share |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Nobody: 2:27pm On Jun 11, 2016 |
In my house we now use 600 naira petrol for 3 nights (7:30pm-past 9) or anytime the fuel finishes. People hardly drive around unnecessarily $ I have stopped going out except it's "very important". Also,those that use gen in my area like it's Nepa light have stopped. 15 Likes 2 Shares |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by AntiWailer: 2:34pm On Jun 11, 2016 |
That is better Instead of them claiming they paid billions of subsidy on Petrol nobody bought. The right thing is to adjust when the economy calls for it is to sacrifice for the future. I hope our useless leaders sacrifice too. 15 Likes 2 Shares |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by laprince(m): 2:34pm On Jun 11, 2016 |
Oops! Well, one's got to buy fuel according to one's pocket. 1 Like |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by sammyj: 2:36pm On Jun 11, 2016 |
Maybe fuel consumption and patronage might have reduced. However, the traffic flow reduction is a big lie because I get to the office late and get home late from work of lately due to the late heavy traffic during peak periods in the week! !! ![]() |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by johnstar(m): 2:36pm On Jun 11, 2016 |
Dm don gv us 45naira ;DChange |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by BUHARIISCURSED(m): 2:36pm On Jun 11, 2016 |
Keneking:olodo ![]() 46 Likes 3 Shares |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by femi4: 2:37pm On Jun 11, 2016 |
Maisuya1:Not all the time unlike when the price was 86.50 5 Likes |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by NigerDeltan(m): 2:37pm On Jun 11, 2016 |
Ok |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by AntiWailer: 2:38pm On Jun 11, 2016 |
megainvest: God bless u bro. U understand. 8 Likes 1 Share |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by alizma: 2:38pm On Jun 11, 2016 |
megainvest:YOUR BRAIN DE THERE. 8 Likes |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by SailorXY: 2:38pm On Jun 11, 2016 |
megainvest:Nigerians can sha deceive themselves eh PEOPLE ARE BROKE! EoD 12 Likes
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Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by brunofarad(m): 2:39pm On Jun 11, 2016 |
following |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Segadem(m): 2:39pm On Jun 11, 2016 |
Mr. Akin Akinfemiwa do you think we are Sule? |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Mmirianu: 2:39pm On Jun 11, 2016 |
Hmm..i just dey watch una |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by chizobamgbume(m): 2:39pm On Jun 11, 2016 |
Bought new lanterns. This economy no be am. 3 Likes |
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Nobody: 2:40pm On Jun 11, 2016 |
I think it has something to to with generators.. People use less generator thanks to fuel price. My area almost everyone uses generator over night and even for hours during the day.. But now, everyone just dey economize 5 Likes |
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