How can the price of petrol reduce in Nigeria?

[Emmanuel1]

The price of petroleum will reduce only if, the government will put a good policy on ground in the oil and gas sector and in making sure our domestic refineries are working in full capacity, and to build more refineries in the country. competition among oil companies can help reduce the price of petrol, and a good transportation and distribution system can help reduce the price of petrol in Nigeria.

[Gideon99]

The price of petroleum will reduce only if, the government will put a good policy on ground in the oil and gas sector and in making sure our domestic refineries are working in full capacity, and to build more refineries in the country. competition among oil companies can help reduce the price of petrol, and a good transportation and distribution system can help reduce the price of petrol in Nigeria.

The price of fuel and Petro can only reduce if the government see reason to provide the necessary capacity and more tool in the country. To help facilitate and add a good policy on the oil and gas sectors and among other oil companies. The government need to focus providing the raw materials and equipment needed to carry out some process so we don't need to export and import before we can use our materials.

[Emmanuel1]

The price of petroleum will reduce only if, the government will put a good policy on ground in the oil and gas sector and in making sure our domestic refineries are working in full capacity, and to build more refineries in the country. competition among oil companies can help reduce the price of petrol, and a good transportation and distribution system can help reduce the price of petrol in Nigeria.

The price of fuel and Petro can only reduce if the government see reason to provide the necessary capacity and more tool in the country.

that's true,more of the tools needed to provided by the government are modular refinery and have good manpower, that will be trained to operate the modular refinery.

[Best]

The price of petroleum will reduce only if, the government will put a good policy on ground in the oil and gas sector and in making sure our domestic refineries are working in full capacity, and to build more refineries in the country. competition among oil companies can help reduce the price of petrol, and a good transportation and distribution system can help reduce the price of petrol in Nigeria.

The price of fuel and Petro can only reduce if the government see reason to provide the necessary capacity and more tool in the country. To help facilitate and add a good policy on the oil and gas sectors and among other oil companies. The government need to focus providing the raw materials and equipment needed to carry out some process so we don't need to export and import before we can use our materials.

Which we definitely know that they are not ready to do. Rather, they're looking at those things that are irrelevant

[DragonF]

I think bringing back the fuel subsidy can help too. I thought that Dangote`s refinery would help with the issue of petroleum in the country but I must say I haven`t seen any impact of Dangote`s refinery on the oil and gas sector.

[Mr. Allcrypto]

Prove of petrol will reduce once and for all of only the government lay strict policies concerning the price and also make provisions for equipment and tools that refineries can be able to use...

[Sim_card]

The price of petrol can reduce in Nigeria, if only government can give steady power supply to the country, so that citizens will no longer depend majorly on petrol for power supply. In that way the need for petrol will be limited, because it is only the rich and business people that have cars. Nigeria refineries should also be repaired so that there will be no need to import crude oil for refining, and bringing back into the country.

[Agbe]

To order Dangote not to export the fuel has produced to other countries and to tell the marketers to sell fuel below. And the law enforcement agencies should stand strong on ground because we are to report any fuel station that is not obey the regulations but the same law enforcement agencies will take bribe from the stations and leave the filling station managers to sell the way they want and not the government price again. Our problem in this country is the lawyers and the police and if really these two agencies were working well for the Nigerians then we would have seen a good Nigeria. But they are corrupt to the core so the system is not moving further.

[Emmanuel1]

I think bringing back the fuel subsidy can help too. I thought that Dangote`s refinery would help with the issue of petroleum in the country but I must say I haven`t seen any impact of Dangote`s refinery on the oil and gas sector.

Dangote refinery no get the capacity to supply fuel for the entire country,nah e make wey government for make our refinery to work, because only dangote refinery, fuel go still high oooo because no competition for the oil and gas sector.
For only dangote refinery for this country, fuel no go come down.nah my talk be this oooo!

[Rex067]

The price of petroleum will reduce only if, the government will put a good policy on ground in the oil and gas sector and in making sure our domestic refineries are working in full capacity, and to build more refineries in the country. competition among oil companies can help reduce the price of petrol, and a good transportation and distribution system can help reduce the price of petrol in Nigeria.

Even if the government put a policy do you think it will be more effective? because past news government has announced the reduction in petrol price and still yet nothing has changed

[DannyD234]

to me I feel the issue is that the refineries are not in great condition how can you refine crude oil when the refinery are not in optimal state for example Nigeria has 4 refinery but are in moribund state that is not functioning properly, i think we still import crude oil. if you look at all this factors tell me why will the cost of fuel not increase.

first of all i think the ways we can reduce the cost of fuel is to make the refineries function properly, build more refineries, and create a committee that will monitor the price of fuel 

[Darker45]

The price of petroleum will reduce only if, the government will put a good policy on ground in the oil and gas sector and in making sure our domestic refineries are working in full capacity, and to build more refineries in the country. competition among oil companies can help reduce the price of petrol, and a good transportation and distribution system can help reduce the price of petrol in Nigeria.

The oil and gas sector is a wetland for those in the highest positions mate, those who are rich will remain rich, but for people like us who will become increasingly oppressed, they are very thirsty for power in the oil and gas mining sector. It's true, the price of petrol for our country should be able to go down, even if it's just a few percent, that's enough for us. I don't think the government can do this easily, maybe there are agreements or consequences that only the government knows about.

[Rruchi man]

The price of petroleum will reduce only if, the government will put a good policy on ground in the oil and gas sector and in making sure our domestic refineries are working in full capacity, and to build more refineries in the country. competition among oil companies can help reduce the price of petrol,

Aside the need to build more refineries, which may take time, The government is aware of illegal refineries running underground and mostly striving on refining petroleum products stolen from bunkering and pipeline vandalism. If the government can grant approval to some of these modular refineries to start refining petroleum and selling it will increase competition in the market and force the prices of petroleum products to come down.

[DragonF]

The price of petrol can reduce in Nigeria, if only government can give steady power supply to the country, so that citizens will no longer depend majorly on petrol for power supply. In that way the need for petrol will be limited, because it is only the rich and business people that have cars. Nigeria refineries should also be repaired so that there will be no need to import crude oil for refining, and bringing back into the country.

Your submission is on track, but I have realized that the government benefits from the increase in petrol prices, so they will make no effort to reduce them. I recently came across a video that claimed there is no such thing as a subsidy in Nigeria. That it is an organized crime that allows the ruling class to continue milking the country. So, unless we have leaders (rather than rulers, as is the case now), petrol prices will continue to rise.

[bitebits]

The price of petrol can reduce in Nigeria, if only government can give steady power supply to the country, so that citizens will no longer depend majorly on petrol for power supply. In that way the need for petrol will be limited, because it is only the rich and business people that have cars. Nigeria refineries should also be repaired so that there will be no need to import crude oil for refining, and bringing back into the country.

Your submission is on track, but I have realized that the government benefits from the increase in petrol prices, so they will make no effort to reduce them. I recently came across a video that claimed there is no such thing as a subsidy in Nigeria. That it is an organized crime that allows the ruling class to continue milking the country. So, unless we have leaders (rather than rulers, as is the case now), petrol prices will continue to rise.

It looks like the recent hike in prices of gasoline cannot be fixed soon because there are many players with vested interest in it especially if the government can be part of it. The question of subsidies which are frequently described as instrument that enable the manipulation of state resources have really contributed to the growth of skepticism. Hence, only when we see leaders who genuinely want to bring change to the country and never settle because the power status quo remains the same. Instead, what will probably remain our fate is to watch as gasoline prices and thus the prices of all related products continue to increase; something that will be a thorn in the flesh for a lot of people.