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Oyedele: We are introducing price modulation, with a ₦1,350 per litre ceiling that is neither a subsidy nor price control We are introducing price modulation. Government is negotiating a ceiling of ₦1,350 per litre on the ex-gantry or landing cost of petrol to keep the price stable. When costs... show more

Imran Muhammad

207,610 subscribers

298,231 views • 4 days ago •via X (Twitter)

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23 Comments

Adetunji Adewolu4 days ago

If it’s not a subsidy, then who exactly pays when the cost goes above ₦1,350? Nigerians deserve a clear answer.

Toluwalope4 days ago

“We are gonna fix petrol price at 1,350” That’s essentially what you’re saying. How is that helping the common man. This is you doing nothing and saying you did. Even him is not excited to say these things.

Abdulrahman Shu'aib4 days ago

Renewed Nonsense

Wine Opener..4 days ago

@Ishaku__Audu If you guys want to bring back subsidy which has become necessary at this point, do it with your full chest. Stop going through the corners

Hassan4 days ago

Hmm. Interesting. It looks like Atiku had an intel on this? Cus he predicted on that his speech. This is commendable it will at least lessen the cost of transportation. Thank you Minister

oke kayode4 days ago

This government na joke Ajeh @officialABAT

DanielG4 days ago

# 1,350 per liter Meanwhile Tinubu protest a #65 fuel pump increase during Jonathan regim.... please let's gather and vote this man out.

🕸³_IBN🫵🏽4 days ago

All this long story no go work #TMG

Stiven Eenny A.4 days ago

It’s not subsidy, it’s what nah? Dancing to the tune of the opposition @grok explain this

taram4 days ago

Our brother @Bond_not_james go soon on ring light 😂😂

Muhammad Abdurrahman Modibbo4 days ago

We're rejecting you cuz you people have no clear direction!

Ade Kehinde4 days ago

Folks have definitely run out of ideas and all these price modulation things are just to say it as it is, red herrings!

Amb Kjidon4 days ago

Not supporting this sa

Mardortii4 days ago

Now Atiku will see something to bank on 🤦‍♂️

Winston Mark4 days ago

Too late for this. Nigerians don't depends on these fake promises anymore. We've had enough of Tinubu's yeye policies.... @taiwoyedele stop wasting your time... We no send una bait...

Moh4 days ago

Look at this rubbish

Honey badger 🇳🇬4 days ago

If this 'price modulation' is prolonged, it will lead to artificial fuel scarcity, hoarding, and market distortions.

Ayman Ameen4 days ago

As I said, this is rubbish. It's not close to good enough and is way too expensive. No Nigerian should be buying petrol, diesel, and Jet A1 above N400. It's ridiculous. What's the essence of government if you can't be the shock absorbers of your citizens

ALUTA VIRUS🦺💶4 days ago

😆 🤣 confuse people

UNCLE ENZO 🇳🇬4 days ago

What's going on here??

Khone4 days ago

Welcome to renewed madness. May God punish everyone involved

Brownie4 days ago

Subsidy is back!!! 💃🤸🤸 Okay What is the next complaint now?

musa Nurudeen4 days ago

This bastard call tinubu , God will pushing you,

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“We are introducing price modulation, with a ₦1,350 per litre ceiling that is neither a subsidy nor price control. We are doing this to keep the price stable. When costs rise above the ceiling, refineries and importers will carry the shortfall and recover it later.” - Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy We commend President Bola Ahmed Tinubu for being a very compassionate leader. He is doing this to cushion the impact of high fuel prices on Nigerians because of events outside Nigeria’s control. We continue to pray for peace across the world. Kudos Bola Ahmed Tinubu 👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽.

“We are introducing price modulation, with a ₦1,350 per litre ceiling that is neither a subsidy nor price control. We are doing this to keep the price stable. When costs rise above the ceiling, refineries and importers will carry the shortfall and recover it later.” - Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy We commend President Bola Ahmed Tinubu for being a very compassionate leader. He is doing this to cushion the impact of high fuel prices on Nigerians because of events outside Nigeria’s control. We continue to pray for peace across the world. Kudos Bola Ahmed Tinubu 👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽.

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31,715 views • 4 days ago

The federal government is investing in a national strategic fuel reserve. Refined products will be released into the market under clear published rules whenever global distribution or hoarding threatens supply and price stability. This is not a subsidy. - Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele

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1,143,023 views • 4 days ago

A petrol station at Langa Langa Gilgil Sub county is selling 1 litre of petrol at Ksh 230.99. This is way above the government Epra price of Ksh 176.80 per 1 litre. That is Ksh 54.16 above the government price. This is a very serious offence. Breaking the law and stealing from unwary motorists.

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23,662 views • 6 months ago

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176,177 views • 3 years ago

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143,453 views • 3 years ago

“Imagine raising petrol from ₦197 to ₦1,400 per litre, then offering Nigerians a ₦50 discount in 2026, bringing the price down to ₦1,350, and calling it relief. What difference does that make when Nigerians are still paying ₦1,153 more per litre than they did when petrol was ₦197? How do you make life unbearable for the people, offer them a tiny discount, and expect them to celebrate?”

“Imagine raising petrol from ₦197 to ₦1,400 per litre, then offering Nigerians a ₦50 discount in 2026, bringing the price down to ₦1,350, and calling it relief. What difference does that make when Nigerians are still paying ₦1,153 more per litre than they did when petrol was ₦197? How do you make life unbearable for the people, offer them a tiny discount, and expect them to celebrate?”

JezebelReborn🧙‍♀️

29,695 views • 4 days ago

"We are very proud of the progress we have made and we are at a point where we begin to translate these reforms into results...where we started about 3yrs ago,there was a lot of economic distortion especially from fuel subsidy, FX subsidy etc, to be able to deal with that, you would necessarily have to deal with volatility" - Minister Of Finance, Taiwo Oyedele

"We are very proud of the progress we have made and we are at a point where we begin to translate these reforms into results...where we started about 3yrs ago,there was a lot of economic distortion especially from fuel subsidy, FX subsidy etc, to be able to deal with that, you would necessarily have to deal with volatility" - Minister Of Finance, Taiwo Oyedele

Daddy D.O🇳🇬

15,783 views • 4 months ago

The President said of the U.S. economy: "We are a department store, and we set the price. I meet with the companies, and then I set a fair price, what I consider to be a fair price, and they can pay it, or they don't have to pay it." And then... I lost it.

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876,145 views • 1 year ago

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112,264 views • 2 days ago

#WATCH | Delhi: AAP National Convenor Arvind Kejriwal says, "...Pure petrol should be available in our country at ₹82 per litre; and if we switch to E20 fuel, I believe the price should drop even further, to around ₹70 per litre, compared to the ₹102 currently charged for E20 petrol. We can calculate diesel prices in the same way; diesel prices could also be reduced. If petrol and diesel prices come down, I believe it would deal a significant blow to inflation and provide people with much-needed relief... On behalf of the people of this country, I demand that the government immediately start supplying pure petrol at ₹82 per litre; and if E20 is to be supplied, the price should be even lower."

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The Times Of India

22,572 views • 3 months ago

Bigint Sentinels will be minted with the Dynamic Mint System. Dynamic mint is currently a unique mint system and will be implemented for the first time on Apechain in the Bigint Sentinels mint. During minting, the price starts at a certain price and gradually increases as users mint and demand increases, up to a predetermined ceiling price. If demand for the mint decreases, the price gradually decreases to a predetermined floor price. This process repeats itself until a fair mint price is found.

Bigint Sentinels will be minted with the Dynamic Mint System. Dynamic mint is currently a unique mint system and will be implemented for the first time on Apechain in the Bigint Sentinels mint. During minting, the price starts at a certain price and gradually increases as users mint and demand increases, up to a predetermined ceiling price. If demand for the mint decreases, the price gradually decreases to a predetermined floor price. This process repeats itself until a fair mint price is found.

BigInt

11,689 views • 1 year ago