Petrol stations8/11/2023 It said that "beyond June" the government would be "without funds to continue the subsidy regime". Tinubu had vowed on the campaign trail to remove the costly help and on Monday, after his inauguration, announced the "fuel subsidy is gone".īut on Tuesday the new administration said that the measure would not take "immediate effect" as budget provisions were in place for another month. For years, it has swapped crude for gasoline that it then subsidises for its domestic market, causing a huge drain on revenue, foreign exchange and contributing to ballooning debt. Nigeria is oil-rich but has meagre refining capacity. Tinubu's move ends a long-running arrangement to support fuel prices in Nigeria, the continent's most populous country and biggest economy. The prices of all essential goods will skyrocket and it is the common man that will bear the brunt," Hassan said. "The worse concern is the effect the increase will have on cost of living. Nearby, civil servant Mustapha Hassan, 45, said he was worried about the wider impact the price hike could have. "I just bought 10,000 naira worth of petrol and all I got is 18 litres, in contrast with the 50 litres I would have gotten for the same amount yesterday. In the northern city of Kano, Usman Ahmed, a tech worker trying to fill up his tank, described the situation as "madness." "I have increased my prices from about 1,500 to 3,500 naira" for journeys of around 25 minutes, the 39-year-old told AFP. Monday Egbe, a taxi driver in the capital Abuja, was able to buy some fuel but said many people were staying at home because they "cannot afford that price." In Lagos, a city of some 20 million people, roads were blocked due to massive queues outside petrol stations. Prices at privately-owned petrol stations had already started to rise on Tuesday, factoring in expectations about an early end to the subsidies. The uncertainty and sudden change caused panic among many in Nigeria, where more than 80 million people live below the poverty line according to the World Bank. EG Group accepts 47 cards on its network in the Benelux and France, at stations under the Esso, Texaco, BSP, Firezone and BP umbrella."Prices will continue to fluctuate to reflect market dynamics." Esso conducts a customer experience survey every 3 months by means of Mystery shoppers to keep service at the highest level?ĮG Group is affiliated with various card issuers for its retail stations, the so-called Third Party Cards (TPC).Esso offer a strong and complete range of high performance Esso-synergy fuels at the fuel stations?.Esso and Mobil technology partners of Aston Martin Red Bull racing?.Esso guarantees a safe and reliable supply. Esso has its own loyalty program Esso Extra’s. It has been around for over 125 years! Esso has a large network in the Benelux with more than 800 stations. The Esso brand guarantees high-quality products. We have the total package ready for our retailers! Do you have questions or are you looking for support on a commercial or strategic level? Our Area Sales Manager is happy to help you!Įsso is, besides Texaco, also a brand that is well known, especially in the Benelux. ![]() Texaco is more than just a fuel supplier. Texaco has its own loyalty program Texaco Stars, and supports retailers with their sales story through marketing- and promotional campaigns. If you join our network, we offer you maximum support to achieve your goals.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |