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<\/p>\n<\/p>\n
How can FGN fix petrol pump price in a deregulated market after subsidy withdrawal??<\/p>\n
Implications of regulated pump price system in a deregulated sector<\/p>\n
By Mayowa Michael Adeleye<\/p>\n
Despite its own admission that the landing cost of imported petroleum products has exceeded approved retail pump price, the NNPC still claims the government has not been paying subsidy on imported petrol.<\/p>\n
The FG says it has been making for \u201cextra cost\u201d for months, but denies paying \u201csubsidy\u201d on Imported Fuel which it stopped in 2016.<\/p>\n
Due to fluctuating forex disparity between Naira and $$, how would an importer of petrol that has incurred N160\/litre landing cost sell at fixed N145\/litre without subsidy for the price difference from FG?<\/p>\n
Buhari led FG removed petrol subsidy in 2016, BUT imposed a FIXED pump price increase to N145 a litre.<\/p>\n
Instead of continuous payment of subsidies on imported fuel, the government in 2016 said it would channel its financial resources instead into getting the local refineries up and running to save the trillions of naira past governments squandered on fuel subsidy payments.<\/p>\n
But it seems the Buhari government, soon after persuading Nigerians to accept the petrol pump cost raise as the price for scraping subsidy, quietly went behind and continued with the same fuel subsidy policy of its predecessors.<\/p>\n
A 200million nation that bank on imported fuel without a single Functional Local Oil Refinery…<\/p>\n
Should any Nigerian be surprise about fuel scarcity?<\/p>\n
Government stopped paying subsidy on imported fuel bought in $$$ that fluctuates With Naira Daily Buy Same Govt FIXED N145 as pump price!<\/p>\n
Nigerians are only good in making money for oil refineries Abroad<\/p>\n
Until When Oil Refineries In Nigeria Are Functional, Nigeria Will Keep Going In Circles Living With Fuel Scarcity!<\/p>\n
Opinion of Mayowa Michael Adeleye<\/p>\n","protected":false},"excerpt":{"rendered":"
How can FGN fix petrol pump price in a deregulated market after subsidy withdrawal?? Implications of regulated pump price system in a deregulated sector By Mayowa Michael Adeleye Despite its own admission that the landing cost of imported petroleum products has exceeded approved retail pump price, the NNPC still claims the government has not been […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[66],"tags":[],"class_list":["post-5338","post","type-post","status-publish","format-standard","hentry","category-top-news","entry"],"yoast_head":"\n