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Nairaland Forum / Nairaland / General / Politics / Petrol Has Been Deregulated- Thru The Back Door... (756 Views)
Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? / Amosun: How Tinubu Escaped Through The Back Door At Ogun APC Rally / Sokoto: Gang Up Against Tambuwal’s Plot To Return Through ‘back Door’ (2) (3) (4)
Petrol Has Been Deregulated- Thru The Back Door... by DZTech: 7:27pm On Mar 19, 2020 |
u read d tweet: - https://twitter.com/NigeriaGov/status/1240318731781386242 did u miss it? lemme ep u joor - "A Price Modulation Mechanism is being introduced, to be managed by the Petroleum Products Pricing Regulatory Agency (PPPRA), to henceforth adjust the price in line with the market price of crude oil." so. d deed is done. without d slightest hint of noise, protest or discussion. did I predict dis one dis year? I'll have to check. enjoy! |
Re: Petrol Has Been Deregulated- Thru The Back Door... by fastlane84: 7:36pm On Mar 19, 2020 |
Elaborate please thank you |
Re: Petrol Has Been Deregulated- Thru The Back Door... by Nobody: 7:57pm On Mar 19, 2020 |
For deregulation to happen, the government has to announce that 1. It is no longer setting the price of fuel 2. Pricing is now in the hands of oil companies and marketers 1 Like |
Re: Petrol Has Been Deregulated- Thru The Back Door... by ojesymsym: 8:00pm On Mar 19, 2020 |
As long as government fixes a price, it is not yet deregulated. That's why I always laugh when people say GEJ tried to deregulate PM's in 2012 when he also fixed a price. DZTech: |
Re: Petrol Has Been Deregulated- Thru The Back Door... by Xisnin(m): 8:23pm On Mar 19, 2020 |
DZTech:Nothing to see here. Price fixing is the opposite of deregulation. When was the last time the government announced the price per kg of Garri? That is your cue. |
Re: Petrol Has Been Deregulated- Thru The Back Door... by DZTech: 12:01am On Mar 20, 2020 |
Xisnin:in developed nations, many deregulated products r under caveat of govt's ditrect management- from petrol and diesel to dairy products. in d us, govt gives farmers subsidies or buy up excess stock- just to stabilize prices. d UK govt regulates pump price on a regular basis, pardon d pun. grants and stimulus packages r also ways of helping specific industries. so when prices change with external factors, it's deregulated- despite occasional govt interventions. |
Re: Petrol Has Been Deregulated- Thru The Back Door... by DZTech: 12:03am On Mar 20, 2020 |
Xisnin:how many direct govt subventions do farmers enjoy? fertilizer, seedlings, tools, training, etc? and u still think d price of ur garri is market driven? |
Re: Petrol Has Been Deregulated- Thru The Back Door... by DZTech: 12:09am On Mar 20, 2020 |
ojesymsym:d price in 2012 was d exact price of a litre as landed in a filling station, based on source at d time- d us. interestingly, it was also d naira equivalent price of 1 litre of petrol in d us, as at 31/12/2011. considering wholesale purchase, transportation costs, etc I expect d marketers had a healthy margin. I checked. u can too |
Re: Petrol Has Been Deregulated- Thru The Back Door... by DZTech: 12:11am On Mar 20, 2020 |
kikero:kindly read my previous discourse to see why ur summation is slightly off course. cheers! |
Re: Petrol Has Been Deregulated- Thru The Back Door... by DZTech: 12:14am On Mar 20, 2020 |
fastlane84:kindly read thru my previous discourse with oers above. if u still have questions, lemme know! |
Re: Petrol Has Been Deregulated- Thru The Back Door... by poiZon: 7:57am On Mar 20, 2020 |
ojesymsym:So by removing 20naira that is deregulation? Hmmm |
Re: Petrol Has Been Deregulated- Thru The Back Door... by DZTech: 5:05pm On Mar 20, 2020 |
poiZon:it's ridiculous, but how can they do more? we use about $19 to produce a barrel. at under $30 per barrel, wots d gain? we're in serious trouble. |
Re: Petrol Has Been Deregulated- Thru The Back Door... by Hbabarb: 5:09pm On Mar 20, 2020 |
This is not a good news, this Country ehnn |
Re: Petrol Has Been Deregulated- Thru The Back Door... by GeorgeTheCoder: 5:18pm On Mar 20, 2020 |
kikero: Go and read the communique again. That is exactly what the government has done. |
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