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Nairaland Forum / Nairaland / General / Politics / Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike (39757 Views)
State House Clinic Budget Cut By FG After Criticisms / Petrol Price Hike Imminent As Marketers Propose N165 Per Litre - Leadership / Fuel Scarcity Looms As NUPENG Declares Nationwide Strike, Shuts Down Stations (2) (3) (4)
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Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by 9jatatafo(m): 2:06pm On May 26, 2016 |
Does this government knows what it takes to govern a complex country as Nigeria? Oil marketers and the cabals fees large from subsidy and for government to remove subsidy will not work. The government of the day is clueless and helpless 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Slickest(m): 2:06pm On May 26, 2016 |
This matter is lyk a fat man(marketers) who claims he can work but his services comes with a high price, the owner (NNPC/FG) decided to do 80% of d job and leave d 20% for d fat man, pays d fat man some amount of money(subsidy) so he doesn't miss his profit. Now the owner tells d fat man to work and make his profit leaving a level playing ground......now fat man no wan work, he's used to not workin nd getting paid.... These marketers are just bunch of parasites, they still don't want to import but they sell for 145 per litre God bless Nigeria and its habitants 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by InMyOpinion(m): 2:06pm On May 26, 2016 |
[size=15pt]Some alarmist posts like this on social media and other media are mainly the reasons for artificial scarcity of PMS in this country. Many Nigerians after reading this will begin panic-buying and the resultant queues will make the fuel stations close down some pumps creating even longer queues- eventually some stations will close down and sell only to black marketers. ....[/size] 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by deking(m): 2:07pm On May 26, 2016 |
Space booked. But the truth is we will get out of this. |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by sanandreas(m): 2:08pm On May 26, 2016 |
Keneking: Learn to say the truth whenever you see it. 2 Likes |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by chigoizie7(m): 2:11pm On May 26, 2016 |
Aura2: In that case, what price is pegged for the marketers? Why wouldn't FG come out and tell Nigerians the truth? Don't u think there will be more queue if NNPC sell @ N145 and other marketers sell above N200? Do u think the reason for the removal of subsidy is achieved? Maybe yes, to save FG some money, but did it save the general populace a dime? Will it reduce the queues in our petrol stations? We all now know that prices of commodities in naija markets are all dependent on PMS prices, how much is FG going to gain with regards to how poor they will make nigerians? Does it worth it? Turning blind eyes to the plight of the masses? Since FG has thrown the fx to open market, are NNPC among those dat will source fx anyhow they want? Can petrol marketers survive in such competitions? Even the NNPC? Can they drag the fx market with other importers whose final prices of their goods ain't regulated by FG? ( a businessman is will to buy the limited fx from any market @ N500/$, import his goods, channel the cost as cost of production to the final consumer and still make his profits, can petroleum products dealers do that even when their prices are being regulated? )mind u, the availability of fx is limited with so many people @ demand. |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by chigoizie7(m): 2:13pm On May 26, 2016 |
deking: When? Didn't u listen to when kachikwu said that Nigeria will stop importing petrol in 2019? And as long as we import petroleum products without making enough sales on crude and other export goods to maintain the BOP, we are in all these until 2019. |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by felifeli: 2:13pm On May 26, 2016 |
idupaul:He is already a disgrace. 3 Likes |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by chigoizie7(m): 2:18pm On May 26, 2016 |
Slickest: My brother don't blame them, they need more than enough money to import, the exchange @ which the price was fixed for them is not even guaranteed. |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Boss13: 2:19pm On May 26, 2016 |
Goke7: Good analysis. I believe they were using government funds to sustain their business. Now they are in a fix and their survival will depend on how innovative and competitive they are. As usual, the oil marketers want things easy. |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Baboo13(m): 2:19pm On May 26, 2016 |
Brainy007: LOL you don sabi their line 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Goke7: 2:20pm On May 26, 2016 |
Aura2: so the cbn should continue to give them dollars at the rate of $197 for them to sell at N145 [which is what the marketers want] you don't get it, these marketers can't survive the post subsidy regime. The money they collect from Govt as subsidy even if its 8 or 10 months later is what makes them stay afloat. If I tell my bank who gave me loan that Govt is owing me, that bank is ready to wait forever to get that money cos Govt will surely pay even with the differentials in value of the naira against the dollar. This is what makes the subsidy regime so profitable to these marketers knowing that Govt can't cope too long with a fuel scarcity as the Public will turn the heat on Govt. The marketers are pretenders, they still want subsidy, forget the deregulation message they preach 2 Likes |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Goke7: 2:24pm On May 26, 2016 |
Boss13: only folks like Total, Oando, Mobil and other serious marketers who have all their logistics in place with good organisation can cope with the post subsidy regime, those mushroom marketers that hire tankers with two tires na dem go hear am pass, come to apapa, all those rickety tankers are no where in sight, na subsidy de carry them all these while. |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Baboo13(m): 2:25pm On May 26, 2016 |
Plenty economical grammar everywhere wey me I no unsten buh the kweshion I wan ask all of una wey sabi all dis open market abi na closed market be say When all this fuel palave go end? |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by lozanni(m): 2:27pm On May 26, 2016 |
The Oil importers agreed to a Pump price increase of N86.05 to N145 for Petrol (PMS) with the Federal Govt. on the condition that that they source the forex for imports from independent sources, but have now turned around to say they need forex from the CBN. Its either the marketers are trying to be clever through getting cheap forex from CBN and still selling at the new price of N145 per liter of fuel, thereby making a super-abnormal profit or they have not been, genuinely, able to source for forex from independent sources, to fund the level of import of petroleum products required of them (which was my fear at the beginning). I hope this thorny issue is resolved very soon to avoid unimaginable fuel queues and the attendant hardship for Nigerians. 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Nobody: 2:29pm On May 26, 2016 |
Goke7: FYI. here is a clarified analysis from a nairalander so you know the depth of the problem kachikwu is shying from https://www.nairaland.com/2373574/theoretical-analysis-technological-refinery-upgrade#34675428 gabicon: 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Goke7: 2:30pm On May 26, 2016 |
modath: I think this is why Govt is thinking about privatizing the refineries, they themselves know this is the true solution, also the the violence in the ND is not helping matters in that regard, as the refineries in kaduna and warri ought to be more productive now. One of the reasons I try to concur with the conspiracy theory that the marketers may be behind the pipeline explosions, the more the refineries work, the less importation we do. But of course too many enemies to contend with for now. |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by leghagha: 2:36pm On May 26, 2016 |
When the scarcity comes they will blame PMB |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by sylver1(m): 2:37pm On May 26, 2016 |
EzeRedd: Baba. So you dey here too. How Far you? It's been long |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Aura2(f): 2:40pm On May 26, 2016 |
Goke7: what do you understand by subsidy? 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Goke7: 2:41pm On May 26, 2016 |
lozanni: actually this is their aim as surviving without subsidy from Govt is not possible for these marketers. I hope the Govt does not succumb to their blackmail, let's have serious marketers come into the business to make things better, most of these marketers are political jobbers who are too used to freebies from the Govt. 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Goke7: 2:42pm On May 26, 2016 |
Aura2: you can lecture me, am all ears |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Aura2(f): 2:45pm On May 26, 2016 |
Goke7: So in your undiluted common sense, to land a product at say 146, you will sell 86 and collect 60 naira in 8 to 10 months in a rigorous exercise. (subsidy regimen). Note that 60 naira in their line of business is running into millions of dollars, sourced through bank loans Without subsidy, you can land it for 146, and collect your 146 at the depot without hassles, which do you think they prefer? Did you say the banks will wait forever? with inflationary trends moving up on a weekly basis? Don't bother answering the questions, you sure have not done business in your life. 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by litaninja(m): 2:45pm On May 26, 2016 |
Lol. Who couldn't see this coming. My people, where in the world have you heard of a country exporting crude only to re-import as PMS? Avengers and MEND, continue bombing the fuelbsupply lines, marketers and cabal members, continue vandalising the refineries. 2 Likes |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by chigoizie7(m): 2:47pm On May 26, 2016 |
lustychima: Unfortunately, refineries are not 1yr or 2yrs project. Dangote wey start him own tey tey will start production by 2019 ceteris peribus. And our local refineries can't match up to our daily consumption, so, they want to privatise it by end of this year to investors who will increase its refining capacity, only God knows when that will be completed. Even that morron, ibe kachikwu, said it the other day that nigeria will stop importing petroleum products by 2019, so, bros, na by 2019 all thses go stop. |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Horus(m): 2:50pm On May 26, 2016 |
https://www.youtube.com/watch?v=v-Zv8MGBtcE [size=14pt]Kachikwu Canvasses Support For Fuel Price Hike With Civil Society Groups In Lagos[/size] Nigeria's Minister of State for Petroleum Resources, Mr. Ibe Kachikwu was in Lagos today to talk Civil Society Groups into supporting the newly increased price of petroleum product. Although immediately Kachikwu finished his speech, the Minister of Information and Culture, Alhaji Lai Mohammed ordered that journalists be removed from the room to prevent media reportage of reactions of the Civil Society representatives as well as to avoid "media questions." |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by chigoizie7(m): 2:51pm On May 26, 2016 |
leghagha: Ofcourse he is to be blamed. Pmb is only telling these marketers to do what they can't do. More like telling them to buy goods @ N12 and sell @ N10. That is impossible 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by 989900B: 2:52pm On May 26, 2016 |
Goke7: Yeah bro. Anything else is just cosmetic. |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Goke7: 2:53pm On May 26, 2016 |
Aura2: abegi, who told you its all of them that are actually importing petroleum products, is that not why its a scam, how many of them are actually spending money to import petrol, is it those who pack water and put petrol on top to deceive regulators [of course they too are compromised] that are doing business? madam business woman, if the subsidy regime was that rigorous as you are implying, most of these marketers would have found something better to do that will reduce their hassles. 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by totorimi: 2:54pm On May 26, 2016 |
If there is any further fuel scarcity after all these sufferings coupled with the N145 per liter fuel price then Kachikwu and Buhari must be publicly stoned. |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by marv1: 3:03pm On May 26, 2016 |
WildChild00:Agreed with ur point totally but the problem here is the NDA blowing pipeline installations here and here. Only God can deliver from this mess. |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by 989900B: 3:03pm On May 26, 2016 |
We DO NOT consume 40 million litres a day. Roughly 10 million of those are smuggled to neighbouring countries. |
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