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Nairaland Forum / Nairaland / General / Politics / Who Have Noticed That Fuel Price Has Been Increased (810 Views)
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Who Have Noticed That Fuel Price Has Been Increased by Vicboi1(m): 2:49pm On Aug 06, 2020 |
Good day everyone, I just noticed that they have been an increment on fuel prices in the stations over here they are now selling 150 per litre. How about your location, have they been an increment yet? Kindly say so 1 Like |
Re: Who Have Noticed That Fuel Price Has Been Increased by Goldp5988(f): 2:50pm On Aug 06, 2020 |
I notice that too. |
Re: Who Have Noticed That Fuel Price Has Been Increased by OkuFaba(m): 3:03pm On Aug 06, 2020 |
I only noticed that 1k fuel no dey full as e suppose. |
Re: Who Have Noticed That Fuel Price Has Been Increased by yomi007k(m): 8:29pm On Aug 06, 2020 |
Vicboi1: I bought at N148 yesterday and NNPc station along ikorodu, Lagos. What's your location? |
Re: Who Have Noticed That Fuel Price Has Been Increased by Vicboi1(m): 6:48am On Aug 07, 2020 |
yomi007k:Owerri , imo state seems they have increased it because it was 143-145 |
Re: Who Have Noticed That Fuel Price Has Been Increased by JAMO84: 7:08am On Aug 07, 2020 |
You better get use to it. Government is no longer paying subsidies, there will always be increment anytime the prices of crude oil increase at the international market until we can refine locally. I expect a litre of PMS to get to 200 naira before the end of 2020 |
Re: Who Have Noticed That Fuel Price Has Been Increased by Whazar(m): 7:10am On Aug 07, 2020 |
Next level |
Re: Who Have Noticed That Fuel Price Has Been Increased by yomi007k(m): 8:48am On Aug 07, 2020 |
Vicboi1: Yea...i got it last week at 143 |
Re: Who Have Noticed That Fuel Price Has Been Increased by SIONKPO1(m): 8:48am On Aug 07, 2020 |
Those programmed APC Zombies will stay away from this thread,we all will suffer it |
Re: Who Have Noticed That Fuel Price Has Been Increased by Nobody: 8:59am On Aug 07, 2020 |
JAMO84: Correction...so long as government sets the price, there is a subsidy. If government was really serious about subsidy removal, there would be no need for price setting |
Re: Who Have Noticed That Fuel Price Has Been Increased by BlackfireX: 9:19am On Aug 07, 2020 |
But this is not what I was told when I was voting for them in 2015 and 2019. |
Re: Who Have Noticed That Fuel Price Has Been Increased by JAMO84: 11:46am On Aug 07, 2020 |
kikero:There's a big difference between subsidy and regulation |
Re: Who Have Noticed That Fuel Price Has Been Increased by Vicboi1(m): 12:40pm On Aug 07, 2020 |
yomi007k: Its increasing then |
Re: Who Have Noticed That Fuel Price Has Been Increased by Nobody: 12:53pm On Aug 07, 2020 |
JAMO84: No, there is a subsidy. If there wasn't. 1.The government won't be passing a budget for it....see here 2.The control of the price would be in the hands of the marketers, and the importers, not the government. 3.And anyway, if it was 'regulation' as you put it,it is still a bad economic practice, as it is, in principle, forces marketers to sell fuel below the actual cost...so goverment has to pay them or they would make losses. What government has done now is 1)Since 2017, made NNPC the sole importer of fuel 2.Forces NNPC to sell at a loss to marketers 3.Pays NNPC the 'subsidy'....which may rise or fall depending on how much NNPC loses to selling fuel. That's why removing subsidy, and allowing marketers to control the price, while bringing about high prices, ends up allowing for massive investment, and jobs, since there is no loss. It is never good economic practice anyway for government to be controlling, or even 'regulating' prices of anything. |
Re: Who Have Noticed That Fuel Price Has Been Increased by GamalNasser: 12:55pm On Aug 07, 2020 |
It has been 150 since Monday and e no affect us the children of Adonai !!! You Nigerians must learn |
Re: Who Have Noticed That Fuel Price Has Been Increased by aljharem(m): 1:24pm On Aug 07, 2020 |
Yes it has increased. Mobil @ 149.50 ngn Una go learn say Fulani no fit rule this country. They destroy whatever they touch |
Re: Who Have Noticed That Fuel Price Has Been Increased by Nobody: 1:44pm On Aug 07, 2020 |
aljharem: 1.So what do you have to say about Jonathan increasing fuel prices in 2012 from N65 to N97? 2.Also, tribe aside, what this government is even doing(by setting prices for fuel...and not allowing people to set their own price...so that competition and investment eventually bring down the price) is wrong. And from your comment, you want government to force the price of fuel down to a point where it would become unprofitable for most marketers to be in business... I.E bring back the bad old days of fuel scarcity. If you want more refinereis, and increased domestic production, while you should not support this Buhari's government increase, you would be better off supporting a government that ends price controls on fuel. Or would you like it if you bought shirt at N1500, and govt forced you to sell it at N500 instead of the N2000 you originally wanted to sell it at? GEJ did the right thing in 2012 by originally increasing fuel from N65 to N140. I wish he had hands off controlling the price...by now we would have ten refinereis, more jobs and the price of fuel would have been below N120 per liter. |
Re: Who Have Noticed That Fuel Price Has Been Increased by Nobody: 1:47pm On Aug 07, 2020 |
Whazar:F**k + f**k next devil. |
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