It finally happened!
Some of you may know that I've been beefing the government of Prez Yar'Adua for not giving us a fuel price increase as a Christmas gift (see this past blog).
It made sense to me and everyone I spoke to that if lower oil prices means our economy is threatened then at the very least there should be a counter effect of local fuel prices dropping on a par with global practices.
It finally came to pass. Today it was announced that fuel should be sold at N65 down from N70. Meaning I can now fill a 50litre car tank with N3250 as against N3500.
it doesn't seem like much on the surface, but the trickle down effect onto prices of goods and services, not to mention the psychological boost to the common man will definitely produce a multiplier effect. Or won't it?
1 comment:
You've been tagged!! Go to my blog and do the meme i've posted there!!!
kisses
Sugabelly
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