Breaking! FG announces removal of fuel subsidy, petrol now to sell for N145/litre

The Federal Government on Wednesday announced the removal of subsidy on Premium Motor Spirit,PMS, otherwise known as petrol, meaning that Nigerians will now have to buy the product for N145 per litre.

Fuel-dispenser

Before now, the Vice President, Prof. Yemi Osinbajo and the Minister of state for petroleum resources, Dr. Ibe Kachikwu had hinted on the removal of the controversial subsidy which is believed to be the major cause of the crisis in the nation’s petroleum sector.

Advertisements

24 Comments

  1. Stop fretting guys, it was done with GSM, I was and still an active player. Just cool down, let the market forces come into play. Stolen monies have legitimate avenue for repatriation. We stand to gain. This situation is just for a while. Competition will come into play. Relax guys, the consumers are the winners. Mark my word Ade.

  2. PMB & APC may do their worst to nigerians, d ball is in their court, but who laughs last laughs best, in another 3yrs , we shall know. Shame on d govt of d day for having nothing to help nigerians than inflicting pains – govt policies directly or indirectly hav thrown breadwinners out of employment, prices of goods/services are on increase – all these within just a year. Ask them what will happen by d end of 2019 ?. Rubbish

  3. 4year ago, PDP led government planned to remove subsidy APC protested it so hard that people died during the protest. The then govt. projected several gains we will have for doing so, Tinubu and co. swowe by hell if it ever happens. The ever well meaning president heeded the voice of the people and mellowed down. Where is Tinubu now, where is Tunde Bakari, Where is Pat Utomi and where is Ubani. All the men that led us to Ojota where some people died. What are they saying now. So it was all politics and a game on Nigerians. Too evil to behold or imagine.

  4. This same PMB n APC will reduce the pump price when 2019 election is close by. Wait n see. They are all deceivers.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.