NewStats: 3,261,971 , 8,175,720 topics. Date: Saturday, 31 May 2025 at 10:44 AM j1g5i

THE Motor Spirit, PMS, also known as petrol would likely cost more as depot owners have increased prices by about 4.74 per cent.

This follows the recent increase of crude oil prices, including Nigeria’s Bonny Light to $80 per barrel this week from $73 per barrel last week.

Already, some depots, including Swift Depot have increased their loading prices to N950 per litre from N907 per litre while Wosbab depot also increased its price to N950 per litre from N909 per litre.

Similarly, Sahara Depot increased its price to N950 per litre from N910 per litre while Shellplux, increased its loading price to N960 per litre from N908 per litre.

https://www.vanguardngr.com/2025/01/breaking-petrol-to-cost-more-as-depot-owners-raise-price-to-n950-litre/

Christmas ended too soon. It is expected crude is $81 per barrel.

In all this failed government is doing they’ve failed to make life better for their citizens. E go be for them one day.

iwaeda:
THE Motor Spirit, PMS, also known as petrol would likely cost more as depot owners have increased prices by about 4.74 per cent.

This follows the recent increase of crude oil prices, including Nigeria’s Bonny Light to $80 per barrel this week from $73 per barrel last week.

Already, some depots, including Swift Depot have increased their loading prices to N950 per litre from N907 per litre while Wosbab depot also increased its price to N950 per litre from N909 per litre.

Similarly, Sahara Depot increased its price to N950 per litre from N910 per litre while Shellplux, increased its loading price to N960 per litre from N908 per litre.

…Details coming later
https://www.vanguardngr.com/2025/01/breaking-petrol-to-cost-more-as-depot-owners-raise-price-to-n950-litre/

i bought at N935 at MRS

Can they just keep the price stable? If it's 1000, 1500, 900 etc, just keep the damn price at one place. So price of commodities and stop fluctuating and people can find how to adapt and plan from there

Zionmdde:
Can they just keep the price stable? If it's 1000, 1500, 900 etc, just keep the damn price at one place. So price of commodities and stop fluctuating and people can find how to adapt and plan from there

Seconduously seconded.

Small yansh dey shake o

When the price was reduced the other time transporters didn’t allow Nigerians to feel it

5000/LT? Nigerians go buy ham

Fake news









Enemy of PBAT everywhere.



Una never plenty reach...




Jagaban till 2031...

Zionmdde:
Can they just keep the price stable? If it's 1000, 1500, 900 etc, just keep the damn price at one place. So price of commodities and stop fluctuating and people can find how to adapt and plan from there

Didn't you read that the price of crude oil increased in international market? If your cost price increase your selling price ought to increase if you wish to stay in business

Chaiiii

Fake news

BAT till 2031

Shege banza reloaded, make all us collect.

We go still dey ball anyway

God punish buhari ,then God ho soon end tinubu life.
Bastard thieves
Nothing shocking here. Its soongonna be 1000 naira
Then also price and services will skyrocket
Bastar d country I found myself in
Dollar has dropped
Even btc dropped
Yet every basta r dyhief is out there to rip u off your hard earned funds. I went to find out price of Arabian fuel pump which us3d to be abt 6k..out of 8 shops I visited 7 told me the price is between 12k to 18k last.
O ly one big thief said his was 25k and its original from factory with all those personal warranty /guarantee bullshit. Meanwhile the pump is only 8000 naira
Every one including myself is a thief
Baztad country
Was even thinking price would crash to 650...fuc k everyone in this deregulated shi t

chai.

Anyway, Agriculture is life

Zionmdde:
Can they just keep the price stable? If it's 1000, 1500, 900 etc, just keep the damn price at one place. So price of commodities and stop fluctuating and people can find how to adapt and plan from there

It is a deregulated market. Who are the “they” you speak of because the govt no longer has any control of the price of petrol. Just as it has no control over the price of tomatoes or yams.

When we stated it hear that all that gibberish talk from dangote and marketers that Competition/market forces reduced the fuel price ... we sounded like wailers

Int'L market price is the sole regulator of Nigeria PMS price, int'L barrel price rise on sunday marketers increase price on monday ..... is that not glaring enough

Nigerians can only see lower price in Pms, should naira strengthen against the dollar ... thats it

E get any time wey e cheap?
Abi e don come back to 260 naira wey I no know ni?

some clowns said something about fuel prices reducing to 500 naira per liter and I asked when thieves developed a conscience

casualobserver:


It is a deregulated market. Who are the “they” you speak of because the govt no longer has any control of the price of petrol. Just as it has no control over the price of tomatoes or yams.

I will tell you 2 things

1. Government has control over the price of petrol

2. Go and read 1 again

Can only be stable only if government inform of subsidy is reapplied again.

Presently, it's a free flow system whereby the international crude oil price will always determine the local price. The higher the international crude oil price, the higher Nigerians will pay per litre and opposite like that.....that's what's called deregulation of the oil industry. It's ain't normal again when government subsidize the price.

We are presently in another era of governance.......we must sit tight and add more hustle to our hustling.

Zionmdde:
Can they just keep the price stable? If it's 1000, 1500, 900 etc, just keep the damn price at one place. So price of commodities and stop fluctuating and people can find how to adapt and plan from there

Solsix:

Didn't you read that the price of crude oil increased in international market? If your cost price increase your selling price ought to increase if you wish to stay in business

How should price increase in the international market affect the price of petrol in a country that has enough crude oil and whose government is committed to ensuring they benefit from the oil?

Or should we talk about how petrol price is not fluctuating in Saudi arabia?

iwaeda:


https://www.vanguardngr.com/2025/01/breaking-petrol-to-cost-more-as-depot-owners-raise-price-to-n950-litre/

Tinubu is doing well... propaganda always has expiry date..

Mathewrichard99:
Can only be stable only if government inform of subsidy is reapplied again.

Presently, it's a free flow system whereby the international crude oil price will always determine the local price. The higher the international crude oil price, the higher Nigerians will pay per litre and opposite like that.....that's what's called deregulation of the oil industry. It's ain't normal again when government subsidize the price.

We are presently in another era of governance.......we must sit tight and add more hustle to our hustling.

One thing with these evil things apc is that they always assume that the solution to the wicked and anti people policies of the apc government is to hussle more. And the mentor is that Toh idiot

So I will rely on international market price to benefit from a price of something produced in my backyard. So what the hell is my benefit as an oil producing country

Zionmdde:

I will tell you 2 things

1. Government has control over the price of petrol

2. Go and read 1 again

Go to your parents and tell them they wasted their money on your education.

iwaeda:


https://www.vanguardngr.com/2025/01/breaking-petrol-to-cost-more-as-depot-owners-raise-price-to-n950-litre/

When they say "Market Forces" just know that "greed" is also included in the market forces...the refineries are working, right?

iwaeda:
Christmas ended too soon. It is expected crude is $81 per barrel.

Imagine how long it took when the price went down for them to reduce, the moment there's an increase the effect is immediate.

These guys are just playing kalokalo with Nigerians.

No good news since tinibu became president

iwaeda:


https://www.vanguardngr.com/2025/01/breaking-petrol-to-cost-more-as-depot-owners-raise-price-to-n950-litre/

So the 10kobo reduction was just for Xmas after all.
One step forward, ten step backwards.

Can this set of people do anything right?

No day es without news of NNPC, marketers , fuel price gracing the front page.

Nigeria sef . 😡

So nigeria government earn more money in dollar while citizens pay more ok market deregulation is involve and our greed business men and women are intact too i hope if crude oil price reduce to 40 dollar per barrel our petrol will come down to the lowest rate abi nigeria my country