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Nairaland Forum / Nairaland / General / Politics / Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari (29935 Views)
Fuel Will Continue To Sell For N145 Per Litre-NNPC / Nigeria Is The 6th Cheapest Place To Buy Petrol In The World / Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC (2) (3) (4)
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Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Nobody: 1:18pm On Jul 01, 2021 |
Dymaco: APC griller is probably opposed to the move. Back in 2012 most Nigerians opposed GEJ's removal of fuel subsidy, and that included the majority of GEJ supporters...yes they did not join the marches, but they did not approve of the removal either. Thing is, very very few Nigerians support subsidy removal, and those who do mostly keep quiet about it. Because subsidy removal is something that comes with increased prices for all for a short time...before things get better. No politician or supporter loves increased prices. APC griller will prolly say a few words of praise for his boss, but would oppose it. Because, like most Nigerians, regardless of political affiliation, low fuel prices is an article of faith like the NHS is to the average brit. |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by MummyD2020(f): 1:27pm On Jul 01, 2021 |
Lol, i love this news |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Nobody: 1:27pm On Jul 01, 2021 |
CSTRR: Let's go back in time 1.In 2011, gej raised fuel from N65 to N140. At the time, the landing cost of fuel was N99 (WE was already importing all but 6 MILLION liters of fuel per day anyway) At that time, subsidy was said to be dead. Protests in Nigeria forced GEJ to reduce prices to N97 ...LANDING costs was N99 meaning we subsidsied fuel at N2 per liter. 2.Now it is 2015/6, Bubu is on the throne. Fuel landing cost was now N132. and we were selling it at N87. And even then the subsidies were not enough to cover for any losses, that by 2013/4, many fuel stations in Nigeria were selling fuel at prices from N100-210 Bubu raised fuel prices from N87 to N145, ending subsidy at that time...since landing cost was N132, no subsidy was paid. 3.But the problem is, the landing cost was still rising....and there were a lot of outstanding subsidy claims from GEJ's time (see why GEJ should have been left alone to increase prices to N140 then...they knew what was going to happen) 4.So Bubu Made NNPC the sole importer and subsidsier of fuel, removing all other indepenent improters Paid off outstanding subsidy claims Finally brought back the subsidy when landing cost rose above N150 per liter.... 5.Now landing cost is far above N200 , we pay at the pump from N162, and NNPC is running at a loss to keep subsidsing fuel. Something has to give. P.S APC , like many Nigerians did not understand how subsidy worked...hence Bubu's tone deaf critiques of subsidy when he was in opposition. |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by alphaNomega: 1:33pm On Jul 01, 2021 |
Why shouldn't we pay a ridiculous amount for petrol when your government has ensured the refineries never work. Nigerians truly deserve what they are getting |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by UnabashedIPOB: 2:09pm On Jul 01, 2021 |
The Nigerian National Petroleum Corporation, NNPC, has said the cost of Premium Motor Spirit, PMS, in the country should be N256 per litre. Now, for the FOOLS, UNITY BEGGARS and B0K0HARI apologists who are jumping up and down in ecstasy because of the arrest of MNK, this is just a glimpse of one of the many HARDSHIPS that is about to befall you. Like I said in one of my earlier write ups, you can rejoice from now till the end of time, your standard of living in the ZOO would NEVER change. You will wake up each and every day with the same problems starring you in the face...like it or NOT. |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by elbarond(m): 5:27pm On Jul 01, 2021 |
Why not #300 or even #500. Nonsense ...I know it that before Mr Dementia will complete his tenure we will pay #600 or #700 per litre of fuel. God save us from the northern blind leaders. |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by kafeii123: 6:18pm On Jul 01, 2021 |
VaselineCrew: Source please |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Gfskw: 6:25pm On Jul 01, 2021 |
Really |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Shalym: 7:03pm On Jul 01, 2021 |
Wicked NNPC, why are you making everything difficult for Nigerian. Is it only Petrol you can generate your purse trillions? These people are really for themselves not for the comfortability of Nigerian at all. God please set us free from this so called wicked leaders "awon oloriburu " |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by kechywillz(m): 8:17pm On Jul 01, 2021 |
I will soon leave this shithole of a country |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by 9jaRealist: 6:22pm On Jul 05, 2021 |
Sunnybay7: Those Nigerians groan out of IGNORANCE… Perhaps like you, their knowledge of economics is both shallow and watery. Diesel is used to transport the majority of people and goods/foods around Nigeria… Yet Diesel and Kerosene used by many of the “masses” (as you called them) are NOT subsidized. Conversely, the biggest users of passenger cars (using petrol) are the government and elite… With the government at all levels (federal, state and LG) being the biggest single buyers of passenger cars. Meanwhile, the artificially-fixed pricing of petrol for years deterred domestic refinery investment… While allocating more money to subsidy than to education, health, agriculture and even infrastructure. SMH > |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by 9jaRealist: 6:27pm On Jul 05, 2021 |
CSTRR: The one that’s hidden in NNPC accounts as “under-recovery”…. Meaning it sells fuel for UNDER (or less than) the cost of importation. That’s why the NNPC is the ONLY entity currently importing fuel… Instead of the government paying that difference to private importers. > |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by 9jaRealist: 6:40pm On Jul 05, 2021 |
KingUg: If you do not pay your due taxes… You are similarly “looting” from the those who pay taxes used to provide public services. Ultimately, Nigeria’s condition is the culmination of the varying actions of ALL Nigerians (by commission or omission). > |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by 9jaRealist: 6:49pm On Jul 05, 2021 |
ArcSEMPECJ: You need to do your own research well my brother, and answer the SPECIFIC question I posed… Is there fuel subsidy in those countries abroad (in the UK and US, they even add taxes to fuel prices)?! > |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by 9jaRealist: 6:56pm On Jul 05, 2021 |
ArcSEMPECJ: Meanwhile, here’s my general position on Nigerians and taxes (emphasis added)… https://www.nairaland.com/6610447/did-know-buhari-building-train/7#102876082 9jaRealist:> |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Sunnybay7: 7:29pm On Jul 05, 2021 |
Conversely, the biggest users of passenger cars (using petrol) are the government and elite…When I got to this part of your arguments I knew you were irredeemably lost. Have a nice day arguing with your keyboard. |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by KingUg(m): 9:41am On Jul 06, 2021 |
9jaRealist:bro don’t just open your mouth to spew trash we all pay our tax in form of Vat, ussd charge, stamp dues & all that & which services is the govt providing pls ordinary electricity is a problem you are here talking about services the govt is a colossal failure |
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by 9jaRealist: 11:56am On Jul 07, 2021 |
KingUg: I ignore childish and uncouth personal insults… They merely betray your lack of substance and a crude personal upbringing. On the SUBSTANTIVE discourse, you seem to be struggling with the very elementary concept of INCOME (and general) taxes… Those USAGE ‘taxes’ or charges you cite are for services the payers SPECIFICALLY used. Who else would pay them? The Fairy Godmother?! Meanwhile, INCOME and other general taxes accrue to the Treasury to pay for general public services and infrastructure, such as public education, healthcare, security, public transportation, roads, etc., even if the payers don’t specifically avail themselves of those things. ____________________________ Btw, please quit making juvenile Strawman Arguments. It is NOT mutually-exclusive to criticize the respective failures of government(s) and citizens. Accordingly, while my general discourse on Nigerians and taxes SPECIFICALLY “recognizes the gross failure of government”, it nonetheless does NOT excuse the equally gross failure of citizens to fulfill their basic civic responsibilities (such as paying income taxes). Unfortunately, as I also previously noted, the saying that a nation DESERVES its leaders is aptly demonstrated in NIGERIA! SMH > |
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