Petrol Price: Nigerians Are Still Enjoying Indirect Subsidy on Petrol Price - Oke

There are various levels of subsidy still ongoing, payment of crude in dollars as well as equipment, this has shielded us from paying true market realities for Petrol
Prof. Yemi Oke, SAN
Professor of Energy and Electricity Law, University of Lagos
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[@kolawoletony2266]

People like this man are the reason why Nigeria can't be better . What is the obsession with prices of petrol outside nigeria? The worst of these countries have better basic social amenities than Nigeria. They have good and highly subsidized education, good roads and transportation system, stable electricity, functioning and affordable health care system. It's evil to expect Nigerians to be paying the same price for petrol like these countries.

[@obioraugwumba4725]

Don't mind people they are always quick to compare Nigeria with other countries when it comes to anything that will not benefit the citizens but they will never compare with other countries for what will benefit the citizens

[@portableseminary]

You have a point. But the Prof still make some senses. Don't let us throw out the baby with bath water. Kudos

[@kolawoletony2266]

@@portableseminary we don't know how to govern ourselves that's why Nigeria in this state. The suffering in Nigeria is avoidable and unnecessary.

[@olaniyanmichael640]

A very unGodly Man. God is angry with him already..

[@sulaak]

He is correct; the problem is not with the price of PMS, which is 52c, the cheapest in the world, but with Nigeria's purchasing power, which has been destroyed by the fall in the Naira. The solution is the introduction of local refineries and an increase in crude oil production from 1.5 million to 3 million . Nigeria needs to revalue the Naira and that can only happen with increase production

[@nwananka]

Fuel is not the same price across the country. Its 62c in Lagos but higher in other areas

[@mtd4577]

Sir, how come landing cost of imported petrol is #1120 and now #980 or so? Was it subsidized already prior importation. Am confused

[@PJas-j1m]

Why is Nigerian government so much interested in removal of subsidy instead of removing corruption in NNPC and registering it on the stock market and ensuring that all refineries are working . Why wrong policies at the wrong time . The government is destroying the people and Nigeria. You cannot remove subsidy and float naira at the same time . This is very very wrong. Professor, we are not doing well because of the massive corruption in NNPC .

[@nwananka]

Thanks.. corruption is what is the issue

[@abdulrazaqsuleaudu3417]

You are just reading my mind. He removed fuel susidy and then devalued our Naira, which does make any economic sense. Tinibu is just being insensitive to the sufferings of Nigerians. His government is quite irresponsible!

[@mtd4577]

If global average of petrol price is $1.62c, how come the landing cost of imported fuel is under #1000? Was it subsidized before imported? Is subsidy being paid to Dangote to sell to NNPC & #897? This theory must stop

[@adekpeterva2864]

It's a pity, can you please explain what is technical subsidy as always says by this government.

[@MrTruth-fp2vi]

Let's debate the subsidy for fifteen years. Nigerians love endless debate.

[@ekeyimark2313]

NNPC Don have any plan for Nigeria to live a happy life... Rather confusing the masses... Nigeria is a mess ... Before Tinubu leave office petrol price will definitely be 5k per liter 😢😢😢 is an appointed time for Nigeria @ 64 to buy sense bcs even our leader are in the Bosom of confusion😢

[@feyikunmiayanbeku5922]

Thought he was SAN & Prof of Energy and Electricity Law. I was expecting to hear something within his technical scope. He came with a different agenda message of his own. 😅😅

[@Modernfellow]

What is Nigerians' earning power compared to other economies of the world?

[@nwananka]

I wish the last question was the first question. These T-Pain supporters will never be truthful. T-Pain is president and petroleum minister, he can singlehandedly change the trajectory of the country. But these agbado analysts will never make him accountable.

[@onyemakadesmond4348]

This one has agbado in his mouth.

[@jonahigbokwe394]

I strongly believe that he's being sponsored to spill this trash.

[@Sammyblaiz007]

this man just come talk like say he dey teach student for class, not one thing makes sense. a nigeria prof for a reason

[@mike001a]

What kind of prof or SAN is this Tinubu is on the right track to where destruction of Nigeria as a nation. Some people can never see beyond their nose nonsense

[@akeemoladejo6973]

With the expert submission of this professor on the subject matter, you will still see Rufai Oseni tomorrow dragging the issue again blaming the government and saying poor planning bla, bla bla..

[@portableseminary]

What is wrong with our people commenting .Anytime they hear Tinubu is on track,thier blood will start boiling 😂 Prof have spoken. Go and hug transformer if you know better than the Prof.!!

[@babssloans7945]

Subsidies housing for poor not fuel. Families living under bridges in nigeria. Go CNG people save the planet