The Federal Government would on January 1 next year reduce the pump price of the Premium Motor Spirit (PMS) to N85 per litre.
The Minister of State for Petroleum, Dr. Emmanuel Ibe Kachikwu broke the news to journalists in the Port Hacourt Refinery Company (PHRC), where he spent Christmas inspecting the plant.
Asked when would the Federal Government release the new price template of the Petroleum Product Pricing Regulation Agency (PPPRA), he said that he approved the new price for the agency on Thursday.
Pressed to reveal when the new price will become effective, Kachikwu, who is also the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) said “like I said, we have done a modulation calculation and it is showing us below N87. I imagine that if PPPRA publishes it today, it will become effective immediately. But the 1st of January, that is when we are looking at.”
According to him, the new price is below the current N87 per litre and it would now convince Nigerians that the pricing modulation that the Federal Government promised to embark on a few days ago was not a trick.
He noted that following government’s analysis and research, it had been realized that the country can fluctuate the fuel market in accordance with the crude oil market fundamentals.
Justifying government’s reasons for scrapping the Petroleum Support Fund otherwise known as oil subsidy, Kachikwu explained that government can no longer afford to subsidize the product following the fraud that has attended its operation.
He added that it has become clear that government earnings are dipping on daily basis....
Dailypost reportage.
Biko I need money ooo, atm no gree me pay or tk dollars. Cbn gov and Buhari abeg stop this shit!! Arrrrgh!
ReplyDeleteI pray so o, and let's hope it will come to reality
Delete*Larry was here*
That will be nice, that's if fuel dealers will listen.
Deletewill be really amazing if they can do it!
DeleteOMG!!! LADIES MIND THE VIDEOS YOU SAVE ON YOUR PHONE! SEE THE NU'DE VIDEO A PHONE REPAIRER UPLOADED ON FACEBOOK
(MUST WATCH)
The product need to be available before they can reduce price Na..abi?
DeleteThat was how they said they will defeat boko haram by December..enough promises and deadline ish abeg..
Good news.
ReplyDeleteWhere is the fuel ? Mmttcchhww!!
DeleteSo much tales by moonlight since this new government took over.
DeleteLet's see more of action and less talking.
These people are confused. Nigerians should expect the worst from this vision less and super clueless administration. Next year is going to be a hard one for Nigerians, but I pray God see us through.
ReplyDeleteI bet you are spewing this trash, hanging from the end of a rope.
DeletePessimistic waif.
I bet you are spewing this trash, hanging from the end of a rope.
DeletePessimistic waif.
It shall be a hard one for you Tony Ihekire. Stop prophesying doom and evil into people's lives. I wonder why you came back from the hole you were hibernating.
DeleteNigeria will be greater next year. We shall move from Glory to Glory. All the wasted years shall be recovered with recompense. We shall eat the good of our land. If iron does not pass through fire it can never be Gold. We have passed through fire, our Gold is here. Yes! We shall see it in not too distant a time.
Amen
DeleteIt is going to be hard for a lazy boy like you. Stop generalizing
DeleteStop expecting free things
We reject your curses.
DeleteNext year will be a good one for Nigerians.
Yea! Hard for those of you who rely on fraudulently earned money to survive.
DeleteThanks Boma jare... You've said it all
DeleteGuess u meant is gonna be hard 4 u nd ur generation, u dey onclude nigeria....wonder why somepple are so negative minded...bcos u hate d present govt doesn't mean you shouldn't have a positive mind..sometimes I wonder if some of you take a time to pray 4 this country sef....
DeleteAmen @ Boma's prayers
DeleteDear Tony, is it going to be harder than when you wanted to commit suicide for Phrinkies?
DeleteI hope not, if you could survive suicide for a woman then thers nothing impossible for God to do.
Chai vivaaaa ooooooo half kiiikikikkik mi. Oya stone me the jist Abeg who you say wan die inside woman nyansh?
DeleteU guyz just made Tony popular more for dis post pass Em Jay
DeleteThat wish is for and you only and not our dear nation. Come to 2016 Nigeria is moving from glory to glory and I and other BVS that believe shall eat the good of this land.
DeleteAmen @ Yemi and Boma
DeleteAmen oo @Boma
DeleteGood to hear.
ReplyDelete...Oluwa Seun,... bimpe odunuga
ReplyDeleteGood news indeed. The scarcity should end
ReplyDeleteI pray so cos things are becoming too hard in this country. May God help us
ReplyDeleteNa dem sabi...
ReplyDeleteMorning Sdkers....
How are u? yes you..
N85? I thought it will be N65. Ok nau. Till then, no time to believe what may turn out to be a lie.
ReplyDeleteGood morning everyone...
Chai, this one has obviously never driven before .it is well. May God provide for u in Jesus Name
DeleteFoolish n and n, what does what she said have to do with 'driven or not'. Mr car owner, Pele oh. U are d first to drive abi. Oloshi eyan
DeleteNa wa o Eka Joy even for one day in this holy period you can't bridle your mouth?
DeleteForming voltron for something wey no concern you. Have you sorted your life issues? Pity anyone who accepts anything from you, just feel you would have transferred all your bitterness and bile.
Smile, if you can, it's the season to be jolly!
Eya, is it paining u that I can give and u can't?
DeleteSince you obviously can't get over it even long after I've forgotten about it. Don't worry, God will do it for u too..... Not
Oh Eka Joy, lollllllllll, would have said grow up but..... LMAO!
DeleteWho is silly enough to take from a begger? That's cruel.
Wipe your face and run along dear, run along....
@eka hopelessness. Learn to bridle that sack of shot you call a mouth, it's the reason for your hopeless state.
Delete*Worthless piece of shit thinks she can trade words with me, poverty stricken more,
Bring it on I will shred you.
Idiot oshisko.
Well, I'd like to trade words with u but trust me, it'd be stupid of me to do so with someone that says things as childish and dumb as 'Eka hopelessness' as opposed to my name. And moreover, how do I address u.
DeleteWhen u are ready to use a blog id to fight, halla at me. I hope that car u drive doesn't one day fall from a bridge. Cos u deserve it.
Run along dear... Run along... ...
DeleteCan't spare more words on a Bastard Idiot like you. Stinking pig. It is you who will die before the end of the year. Worthless animal.
Fight? Pig, go find your kind.
DeleteDon't come for me unless I whistle for you.
And you know I'd never do that.
When you were begging on the Santa post, did you state that the giver has to have an ID? Imbecile.
Get it right, we are NOT having a convo. Miniature ape.
Since you don't know how to handle that grave you call a mouth, I'll show you what you can do with it... .
*bendsover lmfaoooooooo
Can't spare more words then came back to type again.
DeleteBuhahahahahaha
I'm in so much pains right now. Your words hurt as hell. How can someone call me an ape, I must be so ugly *wipes tears*
I begged on d Santa post. Hahahahahaha. Joke of d century. Did u see me drop my contact details. I mentioned just what I wanted, I never begged for anything. I'm sure ur retarded brain can't tell the difference.
He called me a pig. Hahahahahaha.
Ur mum would lick my arse. Idiot.
Y bother wiv dis eka
DeleteShe's forming I get mouth na
Hungry mofo like her
Yea me sef pity who
Collect sacrifice from a bitter beggar. Sad Ikorodu reject
Poverty stricken dirty fool
**Adaorah**
LMAO Adaorah@ sacrifice!!!!!
DeleteI want to make the gremlin feel important for a little while,I'm sure even the pig pen she stays in stinks of her inferiority complex.
Soooo this bastard mentioned my MOTHER? Aah na this kind of thing dey touch my head. lmao.
Do you know who your father is Eka Pig? The only thing you are aware of is that you are the rejected product of multiple sperm abi? Issorai.
Go find out who your mother FLUNG her thighs OPEN to for breakfast, it might give you an idea of why you are so HOPELESSLY wretched.
Q: Who hops on Okada in the burning sun to attend a PARTY dressed as a househelp and hides in a corner feeling too ashamed and inferior to introduce herself?
A. THE BOLD POWERFUL RAT Eka Bastard Bwuahahahahahah
Bring it on darling, I have a bit of time for a fool like you, then back to Work on Monday.
I have a JOB eka Oloshooooo.
Don't envy me, keep urinating upandan a blog with vapid comments it's obvious to everyone you have no purpose in your life and nothing to occupy you.
Make sure you come back darl after you've bought your 100 naira airtime...I've not finished scraping you off the back of my shoe.
Anon 16:06 Enough. It's obvious you enjoy taunting her, but to waste this much time and energy on some one you don't know and may never meet makes no sense. Please stop. You've made your thoughts on her person loud and clear.
DeleteEka Joy. For the life of me, I have no idea why you will bring her mother into this, 'Your mother will lick my arse,' Really? What mentally sound person makes that kind of statement? I join everyone else who has read this statement to spit heavily on you. Nonsense.
Biko madame Faith leave d
DeleteAnony alone abeg. Who doesn't
Know dis eka lying bitch
Forming I work from home
I'm dis n dat, ontop begging.
She'd go anony to receive
Giveaways n start forming it's
Not her. Yet insult ppl better dan her. Wretched fool. We heard her father is still owing in d area so
Let her b cussing person mama na
Disgusting piece of shit
Low self esteem don finish her life
B forming I get mouth to seek notice
**Adaorah**
I still buy fuel for #130
ReplyDeleteAll these their 87# Na office price.
You are part of the problem. Report any fuel station that sells above the official price and DPR will come there and dispense all of their fuel for free.
DeleteIn Enugu state i hear they buy at ridiculous prices. Infact in the east generally. Have you not noticed that people in the east dont complain about prices or join in fuel riots or so cos they are already buying at high costs. All they want is steady supply of fuel. Finish.
DeleteJokers!
ReplyDeleteWhat's happens to those selling at 140 per litre, how do they intend to impose this price on them.
I'm already gathering my things petit à petit for when I'd finally leave Nigeria.
Report them. Safe journey
DeleteIn ur last few posts ,when students were agitating that they can't withdraw money with their master cards abroad,u asked why pple move abroad .now u are changing ur opinion again. U guys on this blog tho...
DeleteAnon 8:27
DeleteYou dey mind people for this blog??
No follow anyone mouth for this blog o, you go just die in slow motion anon. Many of them dey soak garri for Orono, dey form me my hubby and boo for Lekki on this blog
DeleteWaka for your Lane simples
Anon8:27,people on this blog?they two faced people,take their word with levity.
DeleteAnon8:27,people on this blog?they are two faced people,take their word with levity.
DeleteWe hope so
ReplyDeleteEnd time fuel
ReplyDeleteThis is not news joor....50# would have bin better.
ReplyDeleteBuhari Administration is a mess.
surely my tomorrow shall be greater than today
This comment has been removed by a blog administrator.
ReplyDeleteIts well with you. Your turn around is here.
DeleteStrangely ur bis is ever active for someone who doesn't have food to eat...Just saying though .let's not abuse this platform
DeleteLmao! At anon 8:29.the thing no surprise you? Some have bis for one full year dey beg for the same thing over and over again. Waiting for you to work your 31days at the office, suffer all manner of insults at work and danger on the roads to and fro and then come and give them laptop and feed them, forming one empty prayer of thanks.
DeleteSo I don't know the way to the nearest orphanage abi? Or prison or hospital? Thank God, Stella is not me, some people go hear within lazy ass mofos
Make the product available! Too much unfulfilled promises. We don tire!
ReplyDeleteExactly! Why all this talk about reducing price when the product is not available? Let Nigerians have uninterrupted petrol supply for 2 years at the official prize for now, before you talk about reducing pump price.
DeleteIt's just like FG announcing that electricity tariffs will be reduced when Nigerians have not seen electricity for for days and months. How will one celebrate that?
See this one oooo. Them never fit give me fuel, na to reduce am again. Nigerians
ReplyDeleteTot Bubu sed its going to be reduced to N65/ltr...Great News indeed!
ReplyDeleteJust negodu
DeleteStory for the gods, even now that is 87 ,it's sold higher. fuel scarcity for months this is a new low.the whole country is silently grumbling but not for our petroleum ministerto hear. Them still they blame gej 9months later,.minister of excuse
ReplyDeleteBetter news....
ReplyDeleteGood morning, folks. My major concern is for the fuel to be available
ReplyDeleteMy dear the thing tire me. All my plans failed, stuck at home cos I don't even know or see where to buy. Sad much.
DeleteIt is well,oil dealers will not be happy about this,that is why they have been hurding product since, but from Monday there will be products trust me,all the deports are loading products
ReplyDeleteIt is well,oil dealers will not be happy about this,that is why they have been hurding product since, but from Monday there will be products trust me,all the deports are loading products
ReplyDelete*hoarding
DeleteIt is well,oil dealers will not be happy about this,that is why they have been hurding product since, but from Monday there will be products trust me,all the deports are loading products
ReplyDeleteI can see you are trying to take the place of our 'beloved' Thelma. Kare!
DeleteBtw,its hoarding.
Ok..let it be real oo.
ReplyDeleteOn my way to my home land. Jesus take the wheels. Amen!
Safe trip.
DeleteIsialangwa.
DeleteMorning blog family,pls I need d contact of d port Harcourt midwife.tnx
ReplyDeleteChai. I dey village. Fuel in d eastern states is 140.00 per litre. So what happens to them minus N2.00. It is well
ReplyDeleteHelp me ask them. In Anambra, at d Nkpor round about wit Odimegwu Ojukwu Statue, from the right to Afor Nnobi is N160 per liter about 8 filling stations. Nobody argues sef, just drive in, buy and zoom off. Ain't nobody got time to hang in any queue and argue. Visitors to attend to at home are waiting.
DeleteN87 ko, N87 ni. What gives.
Good news
ReplyDeleteSeeing is believing.
ReplyDeleteI'm waiting to see it take effect.
No be this their talk talk I go use fuel the generator for my shrine.
Sincerely speaking the mind of Amadioha
Ok good news lets wait and see how it goes
ReplyDelete85.00, 87.00 no big deal.
ReplyDeleteNo news yet until it's reduced to #50
ReplyDeleteThank God
ReplyDeleteWe r watching... APC dnt cut our expectations short.
ReplyDeleteN85 is still expensive considering the price of crude in international market.
ReplyDeleteGreat news indeed, if it will be implemented. Talk is cheap joor.
ReplyDeleteReally?? Ok we have heard
ReplyDeleteLol@85 naira.
ReplyDeleteJust to pacify crying Nigerians,they just had to do something. Atleast they hear our cries. Good move.
I am sure President now understands the enormous challenges facing Nigeria,it is not child's play.
It is not easy,uneasy lies the head that wears the crown.
I am sure by January,all filling stations will abide by this or be shut down,already they go round to force them to either sell all their reserve or stand the risk of them giving out all their reserved fuel for free.
FG should also look into this adjusted metre fraud,it is crazy!
I pray so too.
DeleteIf by that time logistics is not attended to and Fully sorted, they will not sell. They would rather lock the dispensing machines.When you lift from the Tank Farms at Apapa and still pay same charges for trucking, Union dues, weybridge and surface tank charges, you will not be in a hurry to sell at N87, when the landing cost is already N99. Who be fool?
DeleteIphie biko rapu okwu. Try near Apapa loading bays first. Talk is cheap for government functionaries.
Ok..
ReplyDeleteWe are used to your promise!
Nice,just hope it turns out to be true.
ReplyDeleteLoooooool! Till jan 1, for now no comment.
ReplyDeleteLoooooool! Till jan 1, for now no comment.
ReplyDeleteWho 2naira help?
ReplyDeleteDunno why it isn't N400 and what's d difference between 85 and 87.kikikikiki
ReplyDeleteAnything to Sha say they reduced fuel price.
*N40
DeletePeople like you can never be satisfied. Even if it was 4 naira, you will still complain.
DeleteIdiot wiv no car
DeleteU sha wan join mouth
Make e be say u sef complain
Idiot abi na for ur gen?
If u still in d league of those
Dat use petrol gen,den in ur life
Wen ppl like us r talking u sharap
Hungry beggar like u
**Adaorah**
Till then na...
ReplyDelete**Som Baby**
This administration just removed the scandalous fuel subsidy and you are all singing about the reduction. This is most probably the end of fuel crisis in our federation, it will lead to massive competition among oil majors and prepare the grounds for tremendous investments in private refineries and jobs for the mass of the Nigerian people if well implemented. It could also lead to increase in the price of petrol in the months and years ahead. God bless Nigeria. Omofoma
ReplyDeleteThere's no fuel and he's talking about price reduction?! Let the fuel come first then he can tell us about the reduction
ReplyDeleteNigeria is a country of abracadabra, nothing is impossible here so if they say that then it is.
ReplyDeleteLet the product be available first before the talk of reduction.
ReplyDeleteDifference ain't much but its a start.Bubu we are looking.
ReplyDelete