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MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 (40841 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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Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Nobody: 3:29pm On Jun 11, 2016
Shukuakukobambi:


Exactly!! This is the real reason.

I'm very happy with this situation.
And they were receiving subsidy for the smuggled products

2 Likes

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by sammhi(m): 3:29pm On Jun 11, 2016
megainvest:
Of course. The volumes being smuggled out of the country have drastically reduced because the incentive has been removed.
not any smuggling jare..people can't afford 145 per litre..how many people can fill their tank? Lagos roads are now free..with reduced traffic. ...is that due yo smuggling too?
even generators owners can't afford petrol anymore..fact
nor this your deluded smuggling thoery

2 Likes

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Shukuakukobambi: 3:31pm On Jun 11, 2016
kITATITA:

And they were receiving subsidy for the smuggled products

Nigerian stylee cheesy
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by femmy2010(m): 3:34pm On Jun 11, 2016
megainvest:
Of course. The volumes being smuggled out of the country have drastically reduced because the incentive has been removed.

This explains it all .

2 Likes

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Eyop: 3:36pm On Jun 11, 2016
chronique:
My brother,I don't use heavy equipments o. I noticed the consumption when fridge isn't on and when it is on,isn't much. How much is that yamaha gen you're talking of?

If you have the big Gen that can power your refrigerator, I will suggest you use that if phcn does not supply power just to power your refrigerator and use the small gen for TV, Musical set, Fan and lights which I still will suggest energy saving bulbs. The last time i bought it was #42,000 and that was before the foreign exchange ish. But I guess it should be up to #55k now or more but you can Google John Holt and make your inquiry. They are located at kudirat abiola, Oregun Ikeja. But trust me, that Gen is super and you will have peace of mind compared to the substandard one.

1 Like

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Youngzedd(m): 3:37pm On Jun 11, 2016
People are getting wiser now.

Green energy is taking over.

3 Likes

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by mikolo80: 3:39pm On Jun 11, 2016
Project400:
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.
less waste in the system

1 Like 1 Share

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Truth234(m): 3:46pm On Jun 11, 2016
AntiWailer:
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.

Its not better but an okay situation given the circumstances. The issue now is how feasible is it that the government can curtail the activities of NDA? We are currently losing about 600,000 barrels per day.

But by my analysis there is no way we will have 14.7 percent inflation rate in May, from 12.8 percent in April.

Some of these journalists self.
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by niggi4life(m): 3:49pm On Jun 11, 2016
shugadun8:
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.
my brother, I think you are referring to me, I hardly sleep at night before without Gen, even when d weather is cold, but now, I don't switch on the gen without a genuine reason o! I have even stopped subscribing for my DSTV because there is no electricity to watch it...The thing get as e be ooo. Make God just help us o

3 Likes

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Koleman(m): 3:57pm On Jun 11, 2016
Its simple! To sell more reduce your price in relation to other marketers!

6 Likes

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Nobody: 3:58pm On Jun 11, 2016
I have a Charcoal iron and I also have a steel-fabricated iron (they sell it in the market) that I put on my small "camp" gas cooker to heat it up to iron. I prefer the steel-fabricated iron because it is lighter.


Ademat7:
how do u iron your cloths?

1 Like

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by COMPAQ(m): 4:02pm On Jun 11, 2016
The drop can never be due to only one reason. I would expect that all the reasons given on this thread are correct to varying degrees. It's a pity we don't have proper statistics in this country. It would have been useful to know exactly how much less cars there are on the streets, how much less people are showing up to buy petrol in jerry cans for generator and how many people are leaving cars at home or car pooling.

2 Likes

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by phlemzy: 4:07pm On Jun 11, 2016
Truly, sales dropped. Most filling stations that were so excited during the period of scarcity now print big banners, hang right in front of their stations because they feel people are not aware that they have fuel for sale. I was shocked to even see one write boldly in its banner "NOW N140". Its hitting them hard too.

1 Like

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Suntzung: 4:17pm On Jun 11, 2016
#PMB Policy at work! God Bless Nigeria

2 Likes

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by hustler86(m): 4:19pm On Jun 11, 2016
doingood:
No money to buy fuel. No light. Nigerian are use to managing their life anyhow, and some how.

The way we de survive 4dis kontri, omoh na God ooo smiley
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by ceaser: 4:26pm On Jun 11, 2016
blackpanda:
Why are they complaining. The day price of fuel was increased, all the petrol stations rushed to increase the pump. Even those that were still selling old stock. So dont complain when nigerians cant afford ur fuel. Is better u start drinking it or use it to make soup! grin

They must to use that thing drink garri by fire by force. I seriously wish that product even has an expiry date sef.

1 Like

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by ASL33: 4:28pm On Jun 11, 2016
Eyop:

cool
It depends on what you are powering with your Gen. An original Yamaha 950 sold by John Holt should last about 9 hours full tank which is just 4 litres of fuel.
pls where can I buy this gem and how much?
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by ceaser: 4:31pm On Jun 11, 2016
TheTransformer:
Since I bought a 500 watts inverter and 200AH battery in May, I use 10 litres of fuel per week, previously I was using 4 litres of fuel per day (which is equal to 28 litres of fuel per week)!

PS: I am off the national grid. EKEDC (NEPA) cut my light in September 2015.

Dey enjoy una life dey go jàre. Nonsense NEPA. Who dem epp?
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by ceaser: 4:33pm On Jun 11, 2016
Ademat7:
how do u iron your cloths?

DC pressing irons are available that are powered by 12 volts car battery or 150 watts solar panel. Even you can use your gen to iron all your clothes within 2 hrs tops.
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Pavarottii(m): 4:37pm On Jun 11, 2016
naijaboy756:
Omor see Zombies seeking routes of explanation/justification for Buhari's clueless-ness. Hardship and suffering justifed.... Till when eeeee...Wheeew!!!
O boi u see d matter abi? I just tire 4 people. I no know d kind jazz wey buhari use 4 some people. E strong ooo. Some of them, if dey sack dem 4 back. Dem go still say na life, no be buhari.
Which way Naija?

1 Like

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by adaweezy(m): 4:59pm On Jun 11, 2016
ladyF:

Lucky you then... I still see traffic on my own routes. God dey sha! cry
What route?? I still go on to GRA or Secretariat/shoprite.
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by lohresloco: 5:03pm On Jun 11, 2016
buhari the "distabilzing entity" - Tinubu 2003
Keneking:
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 shocked
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by santos2020: 5:06pm On Jun 11, 2016
Bad market for car sellers because of fuel price
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Nobody: 5:09pm On Jun 11, 2016
Keneking:
Great


11. Confidence in APC govt to improve power shocked

I am telling you once more....let me get you a job. Are you paid to post and waste your time here?
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Nobody: 5:16pm On Jun 11, 2016
chronique:
Pls what type of gen do u use? 1500 petrol lasts me for roughly 5-6hrs a night(8-12pm). And I hardly have light at home. Most nights,I buy at least 2k fuel...
it's beta pass neighbor,i buy from a filling station with very correct litre and inside transparent 5litre keg. That 600 fuel will almost fill the 5litre keg, so I divide it into 3,tilt the gen towards the fuel outlet $ open that outlet slightly, grin forget it aye ti gbon,it will last ova 2hours $ i'll charge my phone $ do everything I need to do before it goes off, meanwhile i'm complaining that the gen is consuming too much fuel $i have taken it to the mechanic now for better conservation of fuel.
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by ladyF(f): 5:27pm On Jun 11, 2016
adaweezy:

What route?? I still go on to GRA or Secretariat/shoprite.
A lot of routes I pass tho. Even today sef, traffic dey. The only days I don't see traffic is Sundays.
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by tee10: 5:38pm On Jun 11, 2016
megainvest:
Of course. The volumes being smuggled out of the country have drastically reduced because the incentive has been removed.

According to globalpetrol prices.com Nigeria sill has one of the cheap pump price in the world

http://www.globalpetrolprices.com/gasoline_prices/

Thus smuggling is still very much attractive

This drop is largely due to changing consumer habits and poor state of d economy

Most states are owing salaries

1 Like

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by gloryman91: 5:53pm On Jun 11, 2016
Keneking:
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 shocked
The real change is here needed in Nigeria. Up PMB.

1 Like

Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Mavrick2012: 5:59pm On Jun 11, 2016
Keneking:
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 shocked
i have read @dropshot,@obiagelli,@passinshot criticise this govt when they feel its necessary,but u,good bad worse you are always praising the govt.so bank sack is also "great"?lol
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Suntzung: 6:07pm On Jun 11, 2016
NIGERIA SAI HARD MAN!
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by chronique(m): 6:18pm On Jun 11, 2016
Haba?? I can't even bend my gen. Pretty heavy to lift.
shugadun8:
it's beta pass neighbor,i buy from a filling station with very correct litre and inside transparent 5litre keg. That 600 fuel will almost fill the 5litre keg, so I divide it into 3,tilt the gen towards the fuel outlet $ open that outlet slightly, grin forget it aye ti gbon,it will last ova 2hours $ i'll charge my phone $ do everything I need to do before it goes off, meanwhile i'm complaining that the gen is consuming too much fuel $i have taken it to the mechanic now for better conservation of fuel.
Re: MOMAN: Petrol Sales Drop 40% Since Price Adjustment To N145 by Nobody: 6:18pm On Jun 11, 2016
Well, i still drive my car like i used to.

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