Nigerians React to FG Increase price of PMS

The Federal Government has finally removed subsidy from the sale of Premium Motor Spirit (PMS) also known as petrol effective May 11, Vanguard reports.

Dr Ibe Kachikwu, Minister of State for Petroleum and NNPC DG, had on Monday hinted at deregulation of the downstream sector in the industry with the pump price to be jerked up to a new price band.

Consequently, NNPC sources on Wednesday said marketers are now free to bring in cargoes and sell, subject to meeting in-built standard quality control.

It however added that a benchmark of N145 per litre, as a recommended pump price, at which any trader, irrespective of the source of foreign exchange used to import cargo is guaranteed adequate profit.

See how Nigerians React to FG Increase price of PMS

And the crazy thing about the price hike is that the long queues have resurfaced. Kai.. #OccupyNigeria

— Raymond Enaholo (@er_rays) May 12, 2016

GEJ peeping through the window to see those who #OccupyNigeria the last time an attempt was made to remove subsidy. pic.twitter.com/jCI4lnQvV3

— Shalom Miriam Shehu (@MiriamShehu) May 11, 2016

So you think #OccupyNigeria was necessary in 2012 but not now because then it was GEJ and now it's PMB
Wow!! pic.twitter.com/AuBtMueQFo

— Princewill Allaputa (@ad_princewill) May 12, 2016

Fall in global price of oil = increase in price of PMS in my country…. Whoever worked that maths ??? #OccupyNigeria

— dapor (@dapssie) May 12, 2016

They called Themselves Save Nig Group in 2012 & #OccupyNigeria,they're Now in power to inflict Hardship on Nigerians pic.twitter.com/w9cBFATpkI

— JAGABAN (@UNCLE_AJALA) May 11, 2016

Buhari is not GEJ. GEJ is a democrat, Buhari is a tyrant. If you #OccupyNigeria, he will order shoot at sight.

Don't say I didn't warn you

— DEJI for DNPS- PDP (@Gomeznsude) May 11, 2016

Father lord,forgive us for offending your son Jonathan.Wipe out this plague from our midst brought about by seekers of change #OccupyNigeria

— Comrade Phils (@comradephils) May 11, 2016

I am in support of Fuel Subsidy removal. I am not in support of Hypocrisy. #OccupyNigeria was fake.

— ofilispeaks (@ofilispeaks) May 11, 2016