#fuel subsidy

[goldmynetv]

PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has confirmed the return of fuel subsidy under President Bola Tinubu. President Bola Tinubu had announced the removal of fuel subsidy on his first day in office, leading to increase in fuel price from N197 to between N480 and N570, the pump price was subsequently reviewed upward to N620. However, there were reports…

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#Bola Tinubu #Fuel Subsidy

[benandstevesposts]

Another reason oil companies use to raise prices on gasoline and home heating fuels is when there are no other issues. ‘The weather is too hot!’

#gas prices #fuel subsidy #fossil fuels #gasoline #gas utilities #petroleum #economy #economics #prices at the pump #car fuel #cars #classic cars #sports cars #vintage cars #luxury cars #car show #cars of japan #electric cars #car seat headrest #recreational vehicle #sports utility vehicle

[knowledgevariabledarcy]

#nightmare fuel #fuel efficiency #fuel tank lightning protection #fuel subsidy #fuel cell electric vehicles #Youtube

[earthsoundreports]

Subsidy Removal: Civil Servants in Taraba State Sell Off Cars

Wole Soyinka Fadeyi NOTHING WILL HAPPEN 25% in the FCT Wole Olanipekun Judiciary Twitter NG Obingos Abia State The Prophet Auba

Car sellers in Jalingo, Taraba state capital are running out of parking space as civil servants who cannot afford to maintain their vehicles since the removal of fuel subsidy are selling their cars. Civil servants in the state are compelled to sell out their vehicles since the removal of the fuel subsidy which forced the price of the commodity to skyrocket over 100 percent.Pump price of fuel in…

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#Fuel subsidy #Taraba

[pterosaw]

Fuel subsidy removal will increase unofficial payments collection by ‘agberos’ in Lagos – Funso Doherty

In a recent statement, prominent economist Funso Doherty has expressed concerns that the removal of fuel subsidies in Lagos may lead to a significant increase in unofficial payments collected by “agberos�� – the notorious street touts and unofficial revenue collectors in the city. The Nigerian government recently made the decision to remove fuel subsidies as part of ongoing efforts to restructure…

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#Fuel price #Fuel scarcity #Fuel subsidy #Lagos

[gkingmusik]

How Is Fuel Subsidy Removal Affecting You Right Now?

The removal of fuel subsidy in Nigeria has had a severe impact on Nigerians, causing significant hardship. How Is Fuel Subsidy Removal Affecting You Right Now? Numerous individuals have expressed their grievances, with some taking to protests, while others openly lament and voice their concerns regarding the consequences of the Fuel Subsidy Removal. Currently, petrol prices in Nigeria have surged…

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#Fuel Subsidy

[alabs1]

Kyari: FG Owes NNPC N2.8trn Spent On Petrol Subsidy

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari has said that the federal government still owes the firm the sum of N2.8 trillion spent on petrol subsidy. Addressing journalists after a meeting with President Bola Tinubu in Abuja, on Tuesday, Kyari said the subsidy payment was no longer sustainable as it hinders the company from…

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#Fuel Subsidy #Mele Kyari #Nigeria #Tinubu

[alabingo]

NNPC says no need for panic buying, backs Tinubu on fuel subsidy removal

Our reporter/ The Nigerian National Petroleum on Monday backed the removal of fuel subsidy by the Tinubu government. Tinubu had in his inaugural address earlier Monday declared an end to the era of subsidy payment, saying the 2023 budget made no provision for fuel subsidy. Reacting to the development in an emergency press conference at the NNPC Towers, Abuja, NNPCL told Nigerians that the move…

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#Fuel subsidy #NNPC

[accuratenewsng]

World Bank reveals how subsidies benefit elite, reiterates removal

World Bank reveals how subsidies benefit elite, reiterates removal

The World Bank has said that a large share of Nigeria’s resources have financed inefficient and regressive subsidies which benefit primarily wealthy households in the country. It added that Nigeria needed to fix its public finances to promote inclusive and sustainable development. Specifically, this is contained in the World Bank Nigeria Public Finance Review Report released on Monday, November…

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#fuel subsidy #World Bank

[goldmynetv]

Presidency says fuel in Nigeria cheapest, most affordable in West Africa

The Presidency has revealed that Nigeria is currently the only country in West Africa enjoying the cheapest and most affordable price of fuel by some distance. The information is coming amidst the hike in the cost of living brought about by the removal of petrol subsidy which has led to a corresponding increase in fuel prices This was made known by the Special Adviser to the President on Media…

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#Fuel Subsidy #Tinubu

[newsline1]

FG to end fuel subsidy in 2023- Finance minister

FG to end fuel subsidy in 2023- Finance minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the Federal Government will do away with petroleum subsidy by June 2023.Ahmed said this on Tuesday in Abuja during a press conference to mark the end of the 28th National Economic Summit.The News Agency of Nigeria reports that fuel subsidy gulped N2.565tn between January and August 2022.Also, in the Medium-Term Expenditure…

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#Central Bank of Nigeria #Finance minister #Fuel subsidy

[toogalaxyflower]

Fuel Subsidy Is Organised Crime, Says Peter Obi

Fuel Subsidy Is Organised Crime, Says Peter Obi

The presidential candidate of the Labour Party, Peter Obi, says the government is behind oil theft in the country. Obi, who is the guest speaker at the Private Sector Economic Forum of Lagos Chamber of Commerce and Industry (LCCI), asserted that no one can steal oil except the government. “Subsidy is organised crime,” he said while addressing the audience at the event on Monday in Lagos. “We need…

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#FUEL SUBSIDY #PETER OBI

[wakadaily]

FG spends N18.397bn on petrol subsidy daily - Minister of Finance 

FG spends N18.397bn on petrol subsidy daily – Minister of Finance 

The minister of Finance, Zainab Ahmed, Budget and National Planning, says the federal government spends N18.39 billion over payments of subsidy on premium motor spirit PMS, also known as (petrol) per day. The minister spoke on Thursday during an inquiry by the house of representatives Ad Hoc committee investigating petroleum products for subsidy regime from 2013 to 2022. She said, “For 2023, the…

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#FG #Fuel subsidy #Zainab Ahmed

[ngtimes]

FG Expends N1.243tn Monthly as Fuel Subsidy Hits N600/litre – Operators

FG Expends N1.243tn Monthly as Fuel Subsidy Hits N600/litre – Operators

According to oil industry professionals, the Federal Government currently spends more than N600 as a subsidy for each litre of Premium Motor Spirit (PMS) also known as gasoline, that is used in Nigeria. Additionally, according to the most recent PMS evacuation data, which was received on Sunday from the Nigerian National Petroleum Company Limited, Nigeria has consumed 66.8 million liters of…

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#Fuel Subsidy #NNPC

[darkwombatnacho]

Petrol Diesel Price: मई 2014 से लेकर अब तक कच्चे तेल के दाम जस का तस, लेकिन पेट्रोल डीजल 34 से 61 फीसदी हुआ महंगा!

Petrol Diesel Price: मई 2014 से लेकर अब तक कच्चे तेल के दाम जस का तस, लेकिन पेट्रोल डीजल 34 से 61 फीसदी हुआ महंगा!

Petrol Diesel Price During Modi Sarkar: 21 मई को मोदी सरकार ने बढ़ती महंगाई से परेशान आम लोगों को राहत देने के लिए पेट्रोल डीजल पर एक्साइज ड्यूटी घटाने का फैसला किया. पेट्रोल पर 8 रुपये तो डीजल पर 6 रुपये प्रति लीटर एक्साइज ड्यूटी घटा दिया गया. इससे कुछ हदतक लोगों को जरुर राहत मिलेगी. लेकिन ये भी सच है कि मोदी सरकार ने 8 साल के अपने कार्यकाल के दौरान कच्चे तेल के दामों में भारी कमी के बावजूद आम…

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#Fuel Subsidy #Petrol Diesel Price

[allthecanadianpolitics]

Ottawa published its plan for eliminating inefficient fossil fuel subsidies today — making Canada the first country among wealthy, heavy-emitting nations to do so, according to the federal government.

In 2009, the countries that make up the G20 publicly promised to "phase out and rationalize ... inefficient fossil fuel subsidies" over the "medium term."

Such subsidies "encourage wasteful consumption, reduce our energy security, impede investment in clean energy sources and undermine efforts to deal with the threat of climate change," said the G20 communique.

Environment and Climate Change Minister Steven Guilbeault announced the plan in Montreal Monday as Canada continues to grapple with one of the worst wildfire seasons ever recorded and devastating flooding in Nova Scotia.

"We're eliminating subsidies to produce fossil fuels in Canada, unless those subsidies are aimed at de-carbonizing the emissions of the sector," Guilbeault said.

Continue Reading.

Tagging: @politicsofcanada

#cdnpoli #big oil #climate change #environment #fossil fuel subsidies