Topic: Shouldn't our Fuel Pump Price reduce since crude oil price has dropped?  (Read 2933 times)

0 Members and 1 Guest are viewing this topic.

NIGERIANS should now be buying cheaper petroleum products with the free-fall of oil prices in the international market.

This is the stance of the Trade Union Congress (TUC).

While the prices of crude oil have moved from above $100 per barrel to below $60 per barrels, the pump price of petrol in Nigeria has remained stagnant at N97 per litre.

Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has disclosed that Nigeria loses N24 billion yearly on waivers granted to importers of crude oil.

Meanwhile, imminent shutdown of oil production looms as members of the National Union of Petroleum and Natural Gas (NUPENG) embark on a three-day warning over the sack of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) national officer.

http://allafrica.com/stories/201412151575.html
Register and Post your gists on Naijagist or send to us @ gist@naijagist.com or olutola.obembe@primaxng.com

 

Related Topics

  Subject / Started by Replies Last post
0 Replies
2768 Views
Last post February 27, 2014, 02:08:15 PM
by dayod247
0 Replies
1515 Views
Last post April 04, 2016, 07:01:38 AM
by flukky-1
0 Replies
1443 Views
Last post April 10, 2016, 07:00:44 PM
by olutee
0 Replies
1646 Views
Last post May 28, 2016, 07:00:13 AM
by flukky-2
0 Replies
1008 Views
Last post November 02, 2018, 07:06:41 AM
by sahara
0 Replies
1008 Views
Last post May 03, 2020, 07:03:48 AM
by flukky-1
0 Replies
1011 Views
Last post June 22, 2022, 07:00:34 PM
by PulseNG
0 Replies
763 Views
Last post July 20, 2023, 07:02:26 AM
by flukky-1
0 Replies
535 Views
Last post August 16, 2023, 01:11:50 AM
by flukky-1
0 Replies
149 Views
Last post September 07, 2024, 01:02:11 AM
by flukky-1