NNPC Somersault Price The reduction of petrol form N97 to N87 is political because election is less than a month, you guys missed it in 2012 when subsidy was partially removed, in any case let it go back to its old price of N65, we can not be deceived. When Daziani A. Madueke became OPEC president few months ago in the face of fallen price of crude oil this action was expected. Also when considering austerity measures. Other countries have since reduced pump price, we now queue behind. NLC had clamoured for this weeks ago and I threw my weight behind it then On the contrary, downstream sector (marketers) may have old stock of PMS, now, how would FG arm-twist them to sell in the new price? One would have expected, that, time be given, to allow them exhaust their old stock. I hope it does not cause crisis.
Posted on: Mon, 19 Jan 2015 05:26:21 +0000
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