Sentences with phrase «pump the price of»

Some have speculated that this is being done in an effort to pump the price of bitcoin or other cryptocurrencies.

The Nigeria Labour Union Monday, insisted that it will proceed on its industrial action, slated to commence on Wednesday should the Federal Government fails to yield to its request by reversing to old pump price of petrol.

The N58.50 added to the previous pump price of N86.50 was an Indirect Tax imposed on each litre of petrol purchased by Nigerians.

Mr Adelegan Solomon, Vice-President, NLC, had on Wednesday vowed that no flight would land or take off from the airport if the Federal Government refuses to revert the pump price of petrol from N145 to N87 per litre.

FG to Reduce Petrol to N85 per Litre from Jan 1, 2016 *** says PHRC to commence production in next one week The Federal Government would on January 1 next year reduce the pump price of the Premium Motor Spirit (PMS) to N85 per litre.

In some states a litre of fuel rose to between N200 and N300 or above per litre as against the official pump price of N145.

The Ministry of Petroleum has faulted reports that the Federal Government is planning to jerk up the pump price of petroleum product in the country.

The chancellor said that following a fall in pump prices of over 20 pence per litre from the summer price, the postponed twp pence per litre fuel duty increase will go ahead from December 1st.

Alibi, however, noted that the Minister all through his presentations at the hearing, neither mentioned nor insinuated the need or plans by the FG to increase the current pump price of PMS.

A gallon of petrol and diesel from the «belebele» guys is sold at 12 and 13 Ghana cedis respectively, as against the pump price of 18 Ghana cedis.

«NNPC wishes to assure Nigerians that there is no iota of truth in the rumour that government is scheduled to adjust pump price of petrol.

«This plea comes on the heels of reports that some motorists have begun panic buying of petrol, following rumours that the government is about to increase the pump price of the white product from N145 per litre.

It added that there was no plan to increase the pump price of petrol above N145 / litre and that it would continue to maintain the ex-depot price of N133.28 / litre, which would guarantee the pump price not exceeding the N145 as capped by the Federal Government.

«Unfortunately, we can not sell above the pump price of N145 per litre in the South - West if we don't want to incur the wrath of the Department of Petroleum Resources.

«The Ministry of Petroleum Resources would like to categorically state that the Honorable Minister of State, Petroleum Resources all through his presentations at the hearing never mentioned nor insinuated the need or plans by the Federal Government to increase the current pump price of Premium Motor Spirit (PMS).

If yes, why did it take the Federal Government almost two years after the astronomic increment in the pump price of petrol as well at the expiration of the last minimum wage before the new review committee was inaugurated?

He said «Yar» Adua was the only president that ever reduced the pump price of fuel and provided amnesty that led to increase in crude production.

The General Secretary of the NLC, Dr. Peter Ozo - Eson, told our correspondent on the telephone, on Tuesday, that the demand for a new Minimum Wage preceded the increase in the pump price of fuel, which led to the constitution of the palliative committee.

It also ordered that the product be discharged at an NNPC mega station in Mando area of the state capital, where it would be sold to the public at the government approved pump price of N145 per litre.

Liquidity providers have no incentive to pump the price of index holdings that are not weighted by market cap, because doing so would reduce — not increase — their potential profits.

Just as it was easy to push the price of Bitcoin down, such was it easy to pump the price of Cash up.

All their altcoins had been sold for bitcoin and that BTC was then used to pump the price of Viacoin.

Not exact matches

Unlike Grantham, Shilling believes that low global growth will continue to keep pressure on the price of oil, especially when Saudi Arabia, the world's most influential producer, can continue to pump up oil for less than $ 10 a barrel.

The major contributors in June were a 4.6 - per - cent increase in gasoline prices at the pump, and a two - per - cent hike in the cost of purchasing a new motor vehicle, which Statistics Canada attributed to smaller monthly price declines compared to June 2012.

That might explain why some retailers were talking down how much of a benefit lower prices at the pump might yield.

Gasoline prices have dropped an average of 67 cents per gallon since the start of the year, saving consumers tens of billions of dollars at the pump.

While the Victoria Times Colonist called for a review of gas prices, the NDP and Conservatives trading barbs over the differing party approaches to pain at the pump.

Prices of commodities like corn, oil, or gold often plunge when producers pump out supply to meet demand, creating inadvertent gluts.

But at the same time, we have prices at the pump rising out of control, the burdens of insurance costs (which also keep going up), as well as complicated taxes, and you can see why small business owners continue to proceed with caution on hiring.

It also gradually phased out subsidies that kept retail fuel cheap, causing prices at the pump to climb by an average of nearly 25 % since 2014, even though global oil prices fell by as much as 75 % during that period.

This causes it to trade at a discount to world oil prices, giving those refiners fatter margins and U.S. consumers a bit of relief at the pump.

Buyers say better - than - expected earnings, as well as lower prices at the pump and relatively positive economic data provide three powerful catalysts that should drive a slow churn higher into the end of the year.

Or will this be more like 1986 — an eerily familiar scenario in which an OPEC decision to keep pumping oil after a flood of new supply ended up tanking prices for years?

With approval of the Keystone Pipeline it could mean more Canadian crude oil is coming to the U.S. CNBC's Jackie DeAngelis is in Nebraska, at the pipeline pumping station with a look at its impact on oil prices and exports.

Paul Gambles, managing director of MBMG, said cryptocurrencies are essentially a pump and dump scam, adding that the prices of favorite coins like bitcoin and Ethereum are propped up by users pumping and dumping.

On top of all that, Iran isn't making it easy for oil prices, as they recently had sanctions removed and are back pumping oil, adding even more of the commodity to the oversupplied market.

It pumped in more than $ 200 billion dollars to support stock prices, suspended all initial public offerings, and arrested more than a dozen executives in the financial industry on charges of «malicious manipulation of the market.»

And cheaper gas at the pumps, courtesy of lower oil prices, will come as a form of fiscal stimulus for consumers in both the U.S. and Canada, leaving more money in their pockets to spend on other things.

But Wells Fargo analyst Paul Lejuez said that should change in 2015, as prices at gas pumps plunge, and consumers aren't faced with another round of reductions in food stamp (SNAP) benefits.

He said there were few signs of the economy's long - awaited turnaround, a pickup many expected would receive boosts from a weaker dollar, cheaper pump prices and low interest rates.

The facts are not right here, energy is cheap that means the cost of manufacturing and transporting of goods is low, food and consumers staples already more affordable, so what if a few American oil companies going out of business.the cost of producing oil in middle east is less than $ 10 / bl and we were paying more than $ 140 / bl for it, with that huge profit margin the big oil companies and oil producing nations became richer and the rest of us left behind, with the oil price this low the oil giants don't want to reduce the price at pump even a penny, because they are so greedy.worst case scenario is some CEOs bonuses might drop from $ 20 million to $ 15 millions I am sure they will survive.in terms of the stock market it always bounces back, after all it's just a casino like game.

After a summer of low gas prices, the price at the pump looks set to soar above $ 2.50 on average for the Labor Day holiday, as supplies of products and low pipeline traffic limit access.

Of course, the more oil they pump into an already saturated global market, the worse it is for prices.

That and the curious phenomenon of prices at the pump reacting immediately when crude goes up but lagging significantly when crude prices go down.

Consumers will see the impacts of these disruptions and higher cost alternatives in higher prices paid at the pump.»

When the price of Bitcoin goes down, activity on an influential exchange pumps it back up.

Standing in the driveway of a Toronto home, flanked by black and white Volkswagens and facing a wall of TV cameras, Clement bemoaned the lack of transparency in how pump prices are set.

But by the time MPs actually get around to holding hearings several months from now, the price of crude may well have fallen to the point that this most recent bout of pain at the pumps will have been forgotten — or it may have soared so high that the only affordable way anybody will be getting to Parliament Hill is by bicycle.

On the surface, there are lots of reasons why pump prices have fluctuated so much lately.

That just puts the price of oil that much farther out of U.S. motorists» reach, while a soaring Yuan would give China's motorists a big currency - adjusted discount at their pumps.