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Nairaland Forum / Nairaland / General / Politics / A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard (34106 Views)
Lauretta Onochie Protesting Against Jonathan's N140 Per Litre Of Fuel (Throwback / Fuel At N145/litre No Longer Sustainable – NNPC / NNPC To Sell Fuel Below N145, PPPRA Releases Official statement (2) (3) (4)
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Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Joaks(m): 9:12pm On Jun 17, 2016 |
antispexish: antispexish: antispexish:It also happens here in Abuja,where some filling stations are selling @132 per litre like Azman filling station @Wuzse zone 5 |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by AminuRano87(m): 9:13pm On Jun 17, 2016 |
ItsMeAboki:Correct that's my Filling Station I bought at 140 in AA RANO Sharada station kano |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by daisidgreat(m): 9:14pm On Jun 17, 2016 |
still going somewhere. my opinion anyways |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by segzybam(m): 9:16pm On Jun 17, 2016 |
I just bought mine right now for 140 |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Reference(m): 9:16pm On Jun 17, 2016 |
So we can see how free market fights corruption. Not running around in a red cape sealing off premises like some deranged super hero. Rather let people vote with their feet. So that if you gouge prices or rig dispensers you will go bankrupt and those willing to work hard in providing the best prices ethically will thrive. If power and the energy sector had been properly deregulated and liberalised, we will have made far more progress. 3 Likes |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by anyicash(m): 9:17pm On Jun 17, 2016 |
Love Machine:For the past 16 years, there were no steady circulation of fuel, they might sell 86 naira for a week, and for months d price will go up at the price of 210 due to artificial scarcity they normally create..cos they were busy sharing the fraudlent subsidy money monthly...sometimes when they import the fuel after they must have taken the subsidy money paid by FG..they will smuggle the fuel to nearby countries where they normally sell at higher prices, meanwhile living the average citizens to suffer in penury..also making the FG to spend billions of naira to common Criminals yearly in the name of Fuel Subsidy...i will advice you to exercise patience and watch this admistration, u will later thank God for given us Buhari as our leader..thank you. 3 Likes |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Hassan209: 9:20pm On Jun 17, 2016 |
yeah! azman & amasco selling @ 140 here in kano |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by francdec4(m): 9:22pm On Jun 17, 2016 |
I thought i was the only one who observed this. i filled up my car only to make a little trip and the next day it has finished. i thought my tank was leaking and took it to the auto guys lol and behold it was intact. Naija nawaoo. but recently s fuel wey dem dey sell for most filling stations dry quick finish for inside car ![]() |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by kawazaki(m): 9:24pm On Jun 17, 2016 |
Please let me know, when we get back to 87Naira per litre |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Reference(m): 9:28pm On Jun 17, 2016 |
The next logical step for government is to start a tax regime on imported fuel sometime early next year and gradually ratchet it up to give an extra boost to those seeking to build refineries and those already down the line. |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by antispexish(m): 9:30pm On Jun 17, 2016 |
kawazaki: we might never get back to 87 naira but some few things will happen you will be buying fuel at its real price you will not be cheated your government will not be duped into paying trillions to few people in the name of subsidy. 3 Likes |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by kooto(m): 9:30pm On Jun 17, 2016 |
well we have started experiencing different prices, we should not forget that the government placed fuel price be 135-145, they all went for 145 per litre, to me the benefits of this deregulation is when n the price falls below 135 per litre. |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by kawazaki(m): 9:33pm On Jun 17, 2016 |
antispexish: I quite agree....I love the part of not paying trillions to few people I wish we took this decision Jan 2012, but alas, we 'the masses' we played as pawns again each other 1 Like 1 Share |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Reference(m): 9:38pm On Jun 17, 2016 |
kawazaki: It is not about price but productivity. Price comes last. If increased productivity, efficiencies and competition permits 87, so be it, but that is not the goal. That is an NLC type socialism argument in which they cry for higher wages not minding productivity levels then watch helplessly as inflation robs them at gun point. It is a consistent track record of productivity that has made 2 gig data sell for N1000 today and a bag of cement relatively stable despite the terrible inflation. Where we cry is where we are not producing enough such as forex, foodstuff and fuel. So price is not the matter, making stuff is. 3 Likes |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Nobody: 9:39pm On Jun 17, 2016 |
anyicash:You don't have to wait before things can get better. |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by tbaba1234: 9:40pm On Jun 17, 2016 |
Reference: That will take prices up again and the current price is already hard for most Nigerians. Refineries take a long time to build. Dante's refinery is expected to come online in late 2018. That will reduce the cost depending on crude prices at the time. Instead, create the environment for investment in petrochemicals and other industries. Speak to investors and do your best to create the legal regulatory and policy environment to support them. 1 Like |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Reference(m): 9:44pm On Jun 17, 2016 |
antispexish: Exactly. That is how to face corruption. Let the consumers face the importers or producers eyeball to eyeball without the government middleman rigging the fight in favour of one. And so that our precious forex will be preserved for critical items not consumer goods such as petrol. |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by booblacain(m): 9:52pm On Jun 17, 2016 |
DaBullIT: Just a few months ago it was N87, now they tell you it is sold for N143 and you are praising Buhari. |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Reference(m): 9:53pm On Jun 17, 2016 |
tbaba1234: I am not saying large rates, something like 1 - 5% tax and not now but when the effects of the CBN's forex policy are wearing off and not permanently but only until local production starts. You need that to wean us off imported fuel if not local refiners may find their weaning period too tough. 1 Like |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by chudionu58(f): 9:55pm On Jun 17, 2016 |
Why haven't the champagne popping compound fools told us the price per litre of Kerosene and Diseal? |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Emeka71(m): 9:55pm On Jun 17, 2016 |
Reference:Yes Buhari is working . |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Coolgent(m): 9:58pm On Jun 17, 2016 |
Devident of subsidy removal is beginning to yield good results! And some illiterate nairalanders who does not even have C in economics are telling us PMB is dullard. Sai Buhari Sai Kacikwu Sai Subsidy removal |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Bluffly: 10:01pm On Jun 17, 2016 |
If the FG is serious to have taken a step to liberate the market, they should also learn to be proactive. If FG wants to play smart, they should simply sll at 60 naira, since there is no subsidy and leave the marketers to sell at whatever price they want. When everyone goes to buy only from NNPC, they will be forced to also regulate downwards their pump price. 2 Likes 1 Share |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by okezed: 10:06pm On Jun 17, 2016 |
tbaba1234:who remove it? |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Reference(m): 10:07pm On Jun 17, 2016 |
booblacain: Yes we must praise him for doing what is right because he has traded it with political capital. Consider the difference between 87 and 145 to be the interest accrued on the loan we took when Murtala and Obasanjo nationalised the oil industry and kicked out the multinational players who should be refinery operators today. We have spent 40 long years discovering the fact that government has no business in business. Surely 40 years in school must cost something. 3 Likes |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by grandstar(m): 10:14pm On Jun 17, 2016 |
Dreal11247:And bring back scarcity and epic fuel queues 1 Like |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Reference(m): 10:19pm On Jun 17, 2016 |
Bluffly: Haba. Why are we back to this basic argument and chasing our tails. Hear this for the hundreath time: 'Government cannot control the price of anything it does not monopolise'. It is not producing enough fuel to go round thus it cannot dictate prices. It is a minority fuel producer. It is like saying that government should set the rates of tenancy on properties when it builds only 2,000 units a year. People will merely collect the houses and sublet them out at market rates. You won't see a single house to rent. It will promote corruption. Such was fuel and forex subsidy. It doesn't work. 1 Like |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by olanrewajuab(m): 10:22pm On Jun 17, 2016 |
lekkie073:My brother i can seriously testify to that,i complained to the mechanic thinking its from the car. |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by mcnuel001(m): 10:31pm On Jun 17, 2016 |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Reference(m): 10:34pm On Jun 17, 2016 |
olanrewajuab: Not only that. Some of the petrol bought lately are really toxic. It can knock one out. But once again, quality issues will come to the fore when availability is no longer a problem and with abundance comes choice. Anyone selling poor quality products will lose patronage and will disappear. May I remind us that the Airtel of today should have been the largest GSM network. Their failures have pushed them struggling for third place. The true market has no mercy and no sentiments. 3 Likes 1 Share |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by Doyin2(m): 10:38pm On Jun 17, 2016 |
Reference: Forex,Foodstuff and Fuel. Can we call them the 3Fs of Nigeria's economic woes? ![]() |
Re: A Litre Of Petrol Now Sells Below N145 In Some Stations — Vanguard by tundexijim(m): 11:05pm On Jun 17, 2016 |
Love Machine: Only wailers won't see good thing abt this administration. there is trend towards good governance and thats what we should care abt and not overnight events...if u like see if u like no see all I know is buhari will be there till 2023.. |
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