Is there a hike/scarcity in the price of fuel(PMS) in your country?

IB D

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• Jan 13, 2023

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I know that the price of crude oil which is the raw material used to get PMS is regulated by OPEC. This implies that any surge in the price of PMS shoudl be experienced world over.

In my country now, there is a scarcity of PMS and it is sold at a high price. Are you experiencing same in your country?

 

Niyi Briggs

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• Jan 14, 2023

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sonneyekpo said:

Subsidy gradually been pull off.

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That means when the subsidy is completely removed, we would be in hell. If that's the reality we have to live with, no problem. My only concern is that they should allow cash flow to reach everyone.

 

Magnus2022

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• Jan 14, 2023

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Niyi Briggs said:

That means when the subsidy is completely removed, we would be in hell. If that's the reality we have to live with, no problem. My only concern is that they should allow cash flow to reach everyone.

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The government is not removing any subsidy. Subsidy is organized crime, it is the political criminals that are still running the business. I doubt if they will spoil their own business.

 

Niyi Briggs

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• Jan 14, 2023

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The subsidy of a thing is just the more you look, the less you see and understand. The challenge is that the common man bears the brunt of this high cost of living.

 

cherry123

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• Jan 14, 2023

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IB D said:

I know that the price of crude oil which is the raw material used to get PMS is regulated by OPEC. This implies that any surge in the price of PMS shoudl be experienced world over.

In my country now, there is a scarcity of PMS and it is sold at a high price. Are you experiencing same in your country?

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In my location the product isn't scarce but more of hike now and I wonder what is causing that.

 

IB D

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• Jan 14, 2023

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cherry123 said:

In my location the product isn't scarce but more of hike now and I wonder what is causing that.

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Whereas in my location, it is very scarce and expensive. Black market dealers are having a fill day. One wonders how black market dealers get their supply.

 

Shavkat

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• Jan 15, 2023

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We are not having the scarcity, but the price is skyrocketing. It is so terrible because the fares of public transportation continues increasing at present.

 

Reedex

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• Mar 3, 2023

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The pump price of fuel in my country has been increased and it is causing lot of hardship.

 

IB D

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• Mar 3, 2023

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It has been better this days. There was a bit of price drop and it is readily available in petrol stations. The past few weeks were very terrible because we didn't find a drop to buy