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Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays - Politics (1) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays (26185 Views)

Eid-El-Maulud: Aisha Yesufu Slams FG For Declaring Public Holiday / Oil Marketers ‘Plot’ Kachikwu's Removal / Biafra: Abaribe Slams FG For Declaring IPOB, Nnamdi Kanu Terrorists (1) (2) (3) (4)

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Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by GoodGovernance: 9:45pm On Jan 03
Very clear now:

Their initial plan was to blackmail the FG and force it to increase the fuel price.

9 Likes 2 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by SalamRushdie: 9:45pm On Jan 03
GavelSlam:


The marketers are not in it for profit but just as a welfare package for the people, not so?

The truth is that Buhari is very aware that the cost of landing a litre of refined oil now more expensive and since marketer are not welfarist who will sell fuel at a loss to make some dullard look good the ball is in Buharis court and he has just the following options

Increase pump price of petrol

Pay subsidy on every litre of petrol imported

Subsidise forex for fuel importers

Or simply hand them a tax holiday till he figures out what to do


Shei you can see all the buck stops on Buharis desk

5 Likes

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by honestivo(m): 9:46pm On Jan 03
FG n oil marketers why r you people playing pranks on Nigerian
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by SalamRushdie: 9:47pm On Jan 03
dustmalik:

There are times you clearly know that you are saying rubbish, yet you go ahead to say it anyway.


The truth is that Buhari is very aware that the cost of landing a litre of refined oil now more expensive and since marketer are not welfarist who will sell fuel at a loss to make some dullard look good the ball is in Buharis court and he has just the following options

Increase pump price of petrol

Pay subsidy on every litre of petrol imported 

Subsidise forex for fuel importers

Or simply hand them a tax holiday till he figures out what to do


Shei you can see all the buck stops on Buharis desk
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by Quality20(m): 9:47pm On Jan 03
May God help buhari and this government. May his enemies be shamed. Ameeen

8 Likes

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by Vanpascore(m): 9:47pm On Jan 03
Which one is Tax Holidays?

1 Like

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by GavelSlam: 9:49pm On Jan 03
SalamRushdie:


The truth is that Buhari is very aware that the cost of landing a litre of refined oil now more expensive and since marketer are not welfarist who will sell fuel at a loss to make some dullard look good the ball is in Buharis court and he has just the following options

Increase pump price of petrol

Pay subsidy on every litre of petrol imported

Subsidise forex for fuel importers

Or simply hand them a tax holiday till he figures out what to do


Shei you can see all the buck stops on Buharis desk

The marketers know these are their last days.

The refineries are coming.

If they like they should continue to play koso.

What I like the president for is his ability to remain focused regardless of the distractions.

10 Likes 3 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by sureheaven(m): 9:49pm On Jan 03
Liondeleo quoting Omekalives when innocent farmers in benue are been slaughtered like chickens in their own land. If only he can invest a little of the energy he spends online hating on IPOB to lead an online protest against the wanton destruction of lives and properties by fulanis and Nig Army and the pythons in his home state, perhaps the dumb president with an acute ear infection would listen. Comic! grin grin grin

See him posting pics of cities with erosion crises whereas his own city of Benue was not only sacked by flood last September but is flooded currently with the blood of innocent men, women and children! Shameful!

These marketers are wasting their time asking for tax holidays and all what. Buhari is hard of hearing , unteachable and not a proactive person.

Not until the citizens begin to roll on their bellies on the street before any of his aides compel him to act!

#BabaGoSlow




Keep quiet, na ur papa them dey slaughter. Those who die sword must die by the sword.
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by Epleribus: 9:51pm On Jan 03
We are not new to this perennial narrative. Keep it up, the thunder that will fire you is doing exercise
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by dmjinc(m): 9:51pm On Jan 03
but we've been buying @ 146 without qualms...wat tha fucccck is wrong with all these marketers> ? undecided

1 Like

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by GavelSlam: 9:52pm On Jan 03
grandstar:
This is an unreasonable request by the marketers.

They had probably noticed Buhari's refusal to accept the reality of deregulation and capitulated to keeping the price at it's unrealistic low level.

For Pete's sake, the landing price is N171/litre at the port. how tthen can it be sold at N146 at the pump.

I know some will say if it is locally refined, that will solve the problem.

Question is- Will NNPC dash them the crude oil to refine??

Obviously not!!!

Dangote said refining it locally will save about 23 naira per litre.

So, let's minus 23 from 171. That still gives us 148 wholesale price from the refinery. Yet the pump price is 146. We have not factored in transport cost from Lagos state to other parts of the country and profit margins have not been included.

Government should simply deregulate the price. Yes, Nigerians will pay higher but supply will be guaranteed like diesel and now kerosene after government deregulated the price.

I don't see how Dangote will cope with a subsidy regime. I suspect he will lots of money to any presidential candidate that will free the price from its' present senseless stranglehold




When Dangote's refinery comes on stream the industry would be fully regulated.

Doing so would lead to competition and a stable price regime.

4 Likes 2 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by zero8zero(m): 9:53pm On Jan 03
frankyychiji:
Liondeleo quoting Omekalives when innocent farmers in benue are been slaughtered like chickens in their own land. If only he can invest a little of the energy he spends online hating on IPOB to lead an online protest against the wanton destruction of lives and properties by fulanis and Nig Army and the pythons in his home state, perhaps the dumb president with an acute ear infection would listen.Comic!

See him posting pics of cities with erosion crises whereas his own city of Benue was not only sacked by flood last September but is flooded currently with the blood of innocent men, women and children! Shameful!

These marketers are wasting their time asking for tax holidays and all what. Buhari is hard of hearing, unteachable and not a proactive person.

Not until the citizens begin to roll on their bellies on the street before any of his aides compel him to act!

#BabaGoSlow



Do you guys find it impossible to live without mentioning him?

3 Likes 3 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by excel101(m): 9:53pm On Jan 03
I dislike it when you said "minister" doesn't the "Minister" have a name? Call his name "BUBU"

1 Like

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by GoodGovernance: 9:56pm On Jan 03
zero8zero:
I knew it and Buhari was spot on when he said some enemies of the state deliberately hoard fuel and put us through sufferings. They want tax holiday having blocked their conduit pipe. thieves!


Right on point.

The fact that more filling stations sold fuel today compared to previous times,is a strong indicator of deliberate hoarding and sabotage!

Where are the liters of fuel sold to them by NNPC @N133?

3 Likes 1 Share

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by omenkaLives(m): 9:56pm On Jan 03
OritaIbadan:

People like you, ngeneukwuenu, Kanu and other tribalistiic bigot are the reason this country can never move forward. How can you call a whole village useless, the same reason I dislike Kanu method of agitation he went about calling Yorubas cowards making all form of reckless utterance. Omenka people are dieying in Benue state and your god Buhari is doing nothing about it and you are here making fool of yourself are you not ashamed are you happy about the situation of this country. God will judge you and other heartless elements in this nation
Back, over there, is where your comment belongs. wink

6 Likes 3 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by ipobarecriminals: 9:58pm On Jan 03
cool wink grin wink grin cool shocked
omenkaLives:
I thought some people said the crises was a plot by Buhari to prevent them from going to visit their relatives in their useless villages..

Smh.

This country would be alot better if we can do away with those elements, Boko Haram and killer herdsmen honestly. There's no difference between the three.
smiley
omenkaLives:
I thought some people said the crises was a plot by Buhari to prevent them from going to visit their relatives in their useless villages..

Smh.

This country would be alot better if we can do away with those elements, Boko Haram and killer herdsmen honestly. There's no difference between the three.
lif ipobs alone cool cool shocked
omenkaLives:
I thought some people said the crises was a plot by Buhari to prevent them from going to visit their relatives in their useless villages..

Smh.

This country would be alot better if we can do away with those elements, Boko Haram and killer herdsmen honestly. There's no difference between the three.
smiley
omenkaLives:
I thought some people said the crises was a plot by Buhari to prevent them from going to visit their relatives in their useless villages..

Smh.

This country would be alot better if we can do away with those elements, Boko Haram and killer herdsmen honestly. There's no difference between the three.
lif ipobs alone

2 Likes

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by Nobody: 9:58pm On Jan 03
omenkaLives:
I thought some people said the crises was a plot by Buhari to prevent them from going to visit their relatives in their useless villages..

Smh.

This country would be alot better if we can do away with those elements, Boko Haram and killer herdsmen honestly. There's no difference between the three.
grin grin
guess who's back
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by ipobarecriminals: 10:01pm On Jan 03
smiley wink cheesy grin cool cool cool smiley wink cheesy grin
LionDeLeo:

You mean this village? grin grin
cool
LionDeLeo:

You mean this village? grin grin
pigs republic

6 Likes 2 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by omenkaLives(m): 10:02pm On Jan 03
Vanpascore:
Which one is Tax Holidays?
A holiday is a time of rest, break or less work. Tax holiday is therefore a period of "tax rest", "tax break" or "less tax".

I explained that in the simplest terms.

Giving them such holiday simply means the expenses they incure upon importing the products would be less, therefore even if they sell at lower or regulated prices, they'd still make reasonable profits.

6 Likes

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by tigerclaws: 10:03pm On Jan 03
omenkaLives:
Back, over there, is where your comment belongs. wink

get out!

1 Like

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by OritaIbadan: 10:03pm On Jan 03
ckmayoca:


I thought you are a father? you don't talk like a responsible one.
This is the reason this country must be restructured, you can imagine what will happen if people like omenka find themselve in the place of authority

2 Likes

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by tigerclaws: 10:05pm On Jan 03
omenkaLives:
A holiday is a time of rest, break or less work. Tax holiday is therefore a period of "tax rest", "tax break" or "less tax".

I explained that in the simplest terms.

Giving them such holiday simply means the expenses they incure upon importing the products would be less, therefore even if they sell at lower or regulated prices, they'd still make reasonable profits.

shutup
we're talking about Benue massacre you're talking Nonsense

i nwekwa sense agadi nwoke a?

2 Likes 1 Share

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by verydark: 10:05pm On Jan 03
LionDeLeo:
Desperately searching for means to maximise profit.

Thought they earlier said the landing cost is not sustainable at the approved pump price.

The problem is now tax.

Rubbish, if you can't import, blady drop your import licence for the numerous willing marketers.

exactly.dont play nice with greedy people,na you will suffer it at the end.their greed is limitless.you give them subsidy today,they will demand double subsidy tommorow.this is what jonathan went through.jonathan was just too nice.a nice leaders with greedy subordinates will not last.

5 Likes 3 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by zero8zero(m): 10:06pm On Jan 03
GoodGovernance:



Right on point.

The fact that more filling stations sold fuel today compared to previous times,is a strong indicator of deliberate hoarding and sabotage!

Where are the liters of fuel sold to them by NNPC @N133?
they want to arm twist the FG to negotiation table, knowing that Dangote refinery would be their back breaker come 2019

3 Likes 1 Share

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by verydark: 10:07pm On Jan 03
zero8zero:
theywant to arm twist the FG to negotiation table, knowing that Dangote refinery would be their back breaker come 2019

ofcourse.
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by OritaIbadan: 10:09pm On Jan 03
omenkaLives:
Back, over there, is where your comment belongs. wink
You are such a heartless being I pity your children, each time I see your post on nairaland I Keep wondering what type of human are you and what you are teaching your children. Among ibos we have both good and bad people all ibos are not Ipobs all Housas are not boko haram and all yorubas are not ritualist. Why the hate both you and your fans are the real enemies of this country infact wherever your god buhari have kept Namdi Kanu that is where you should be at the very bottom of hell

1 Like

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by verydark: 10:10pm On Jan 03
what you nigerians must understand is,money is war.!

their is no fair play when it comes to money.
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by omenkaLives(m): 10:11pm On Jan 03
OritaIbadan:

You are such a heartless being I pity your children
K.

3 Likes 1 Share

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by Nobody: 10:12pm On Jan 03
okay. smiley
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by verydark: 10:12pm On Jan 03
what about abacha loot.?.they no wan pay it back abi.!?.

dont be foolish to think you have friends when it comes to money in this world.
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by ashjay001(m): 10:22pm On Jan 03
grandstar:
This is an unreasonable request by the marketers.

They had probably noticed Buhari's refusal to accept the reality of deregulation and capitulated to keeping the price at it's unrealistic low level.

For Pete's sake, the landing price is N171/litre at the port. how tthen can it be sold at N146 at the pump.

I know some will say if it is locally refined, that will solve the problem.

Question is- Will NNPC dash them the crude oil to refine??

Obviously not!!!

Dangote said refining it locally will save about 23 naira per litre.

So, let's minus 23 from 171. That still gives us 148 wholesale price from the refinery. Yet the pump price is 146. We have not factored in transport cost from Lagos state to other parts of the country and profit margins have not been included.

Government should simply deregulate the price. Yes, Nigerians will pay higher but supply will be guaranteed like diesel and now kerosene after government deregulated the price.

I don't see how Dangote will cope with a subsidy regime. I suspect he will lots of money to any presidential candidate that will free the price from its' present senseless stranglehold






Wtf said d landing cost was 171naira? Have u seen a breakdown of that their stupid landing cost?


Just chill n dont get into a fight u know nothing abt! Why are dey backtracking if truly, landing cost is that much?


Did u read where dey mentioned being more efficient in their dealings?

2 Likes

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by brainpulse: 10:25pm On Jan 03
The only problem we have in this country is to have a particular tribe which has constitute itself has a curse. Thank God the truth about the saboteurs is coming out. And God is disgracing them now.

They suddenly been changing topic from the marketers to Benue massacre when the issue of the marketers are been resolved. Is this thread for Benue massacre or petrol marketers, these children of wailers and haters are absolutely cursed.

4 Likes 3 Shares

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