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Why Is The Price Of Fuel Down?

We experience in Nigeria a long time of high cost of all petroleum products despite living in country where these products come from, in a country where these product's production and transportation rob our farmers good yeild. Nevertheless, with the new presidency, the prices of all petroleum products significantly came down within a few weeks and still going down the more. Do you think this change in price is as a result of the new president, the crew, the policy, or what?

Your opinion may just be all we need to make a better tommorrow for Nigeria, our country

Thanks!

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7 answers

I also think taskforce on petroleum within the states are working well. I know in Abia they seal filling stations fast. Competition too helps since the commodity is available. But what I am not too sure about is the correctness of the metres that sell the controp price

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Are u high on some cheap crack? Or are u just being sarcastic? even at the $3.00 it is here in the state i'm in, pple still complain alot and most have resorted to going to work by bus. do you know how much pple in America pay on gas alone? Why are u praying for it to get to $10? i hope u are being sarcastic.

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Lord I hope the price of fuel goes up, too cheap imo here in America. I'm surprised it's not up from the BP incident currently present in the Gulf of Mexico. I bet hope that gas prices will be between $6-$10 dollars a gallon by 2020. We need more people driving hybrids/electric cars (when they are launched of course).

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Marvix, you are joking right?. No disrespect intended. But seriously, what are you talking about??

Yar Adua was here for 3 years laying foundations abi?? Please stop talking rubbish. Yar Adua left the running of Nigeria to his cronies and they messed things up badly in order to gain from the rot.

Jonathan chased them away and everything is by itself getting corrected. All the fuel scarcities were created by those that benefit from it. Those guys are no more in power, hence things automatically returned to normal.

Stop talking this" YarAdua did this Yar Adua did that nonsense". Everybody knows he was sick, so we forgive his poor performance. You don't need to come here and start talking crap about laying foundations.

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Its due to the hard work of Umaru Musa YarAdua the man a lot of people on this forum love to hate. He set the foundation he set up a committee to recommend price of petroleum products and the committee consists of marketers, labour representatives and govt officials and if we all rememba durin the heated strike over d increases made by Obj just b4 leavin office Yaradua promised dat he wont increase the price unless everyone was in agreement that was the condition he gave when he pleaded with labour to accept 70 naira as against d 65naira they were insisting on and that was after he had reversed the sale of the refineries and the increase in the VAT that Obj effected just before leaving offices, it may also interest you to know that the refineries are working now even if not upto 100%.

Jonathan is able to achieve a lot because Yaradua has laid a beta foundation for him what Obj failed to lay for Yaradua.

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Not only are we now buying Fuel for 65 Naira, there has been no fuel scarcity since Jonathan assumed full control.

Looks like there were people benefiting heavily from the long queues Nigerians were facing.

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Its happening everywhere. . . . something is going on. Well, enjoy it while you can

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