omolami:
In actual fact petroleum subsidy started when Tam David West was the Minister of Petroleum in Nigeria. That was d period he was jailed for receiving bribe. Why didn't he stop it then?

poiZon:

in less than 6wks we will hv a new FG, so no need explaining. they will come do the EXPOSITORY STATEMENT!

989900B:
It is quite doable, it depends on 3 factors:

1. The exchange rate.

2. Price of crude.

3. Are you importing or refining locally.

grandstar:


The price of a product is determined by market forces and not the cost of production.

At times, a product may be sold below the cost of production.

For instance, many American shale producers are unprofitable because of the collapse in oil prices which drove prices below the cost of production.

People just want fuel at the cheapest possible price despite the horrible queues that haunted us

989900B:


Your point again in relevance to the topic?

grandstar:


Yes. When people try to prove that petrol is unsubsidized, they usually use cost of production and not market value to justice their assertions.

This is plain wrong!

Keneking:
Jonathan has been scamming Nigerians since 2010.

How long would it cost to build a detention centre for male and female..maybe 6-8weeks. Can we identify a location? Maybe Zamfara state (Sharia State). I support we build this facility there immediately from June 2015.

Just imagine the fraud..I agree with this analysis even we apply an error level of 10% the difference would still be humongous.

Anyone who does not agree with this should put on his gloves and bounce out......

wordcat:


It is the current FG that moved pump price from N65 to N97 will explain to us how they arrived at N97 not the incoming one.