Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,152,444 members, 7,816,022 topics. Date: Thursday, 02 May 2024 at 11:43 PM |
Nairaland Forum / Nairaland / General / Politics / Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily (21333 Views)
EFCC Arrests Hadi Sirika Over ₦8bn Nigeria Air Fraud / FG Still Practicing Quasi-subsidy, Expect Fuel Price Hike – Oil Marketers / Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by Nolevel666: 3:27pm On Jun 03, 2023 |
paranorman: You are always calling on your dead God while folding your hands. Be |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by Treassured: 3:28pm On Jun 03, 2023 |
Okay. |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by Eriokanmi: 3:29pm On Jun 03, 2023 |
Rubbiish:He's not wise at all |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by Treassured: 3:36pm On Jun 03, 2023 |
ivolt: Your Tution Fees are Justified. Welldone. 2 Likes |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by Treassured: 3:39pm On Jun 03, 2023 |
MasterJayJay: Kindly please forgive him Smiles. |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by SalamRushdie: 3:40pm On Jun 03, 2023 |
Tinubu is already proving he will be worse than Buhari 1 Like |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by DaddyCoool: 3:40pm On Jun 03, 2023 |
Winters23: Nobody can be this mumu. Let me simplify it for you: We bought at N3, we were selling at 4 but now we are suddenly selling same at 10, tripling our profit. That's money in the bank! If we decide to continue after selling out, we'd be like any other person just entering the market - we'd buy at the new price of 8 and sell at 10! How does that affect the profit we made when we bought at 3 and sold at 10??!! 2 Likes |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by Bfly: 3:51pm On Jun 03, 2023 |
Capitalism is always dog eat dog. And it will always be against the masses because the government works solely for them. 1 Like |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by maasoap(m): 3:54pm On Jun 03, 2023 |
Winters23: Your sense picked up towards the end of your post. The report was talking about their present stocks before subsidy removal was announced while you are talking about their NEXT supply |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by NevetsIbot(m): 4:02pm On Jun 03, 2023 |
Tareq1105: Lmao. Everyone’s adjusting to the lifestyle. I’ve seen myself taking strolls every evening now when I usually would take a therapeutic drive round town to clear my head. I don park car for a week now 😂😂. I have also adjusted many thing and will be getting a solar panel fixed soon so that rules out the need for. My generator. They’ll only just make us healthier cos we’ll all trek more and sweat out toxins. No be me and them go dey pay 500 for a litre unless I need the fuel to go on a journey |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by kellybently(m): 4:06pm On Jun 03, 2023 |
MasterJayJay: try to understand. they sold at higher price. 225 to 515 In my area. the marketers 'll buy New product at higher rate also. 1 Like |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by Segzy19: 4:14pm On Jun 03, 2023 |
Subsidy removal takes full effect on them from July..... Nobody said removal of subsidy will put them out of business. The only people that will be out of business are the marketers who lift subsidized fuel from the depot but divert it outside the country .. freeborn02: 1 Like |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by anthony533(m): 4:16pm On Jun 03, 2023 |
inoki247:Its a win win for the markerters and they can never go bankrupt..they will always add their profit after expenses.. They will always make their gain from the customers which is me and you.. |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by Favourchris(f): 4:26pm On Jun 03, 2023 |
inoki247: No he will buy the quantity he can afford…. And my brother, even if he takes loan, is loan to make money and pay from his profit…. What matter most is that, they made more money than they planned the las few days, so weda they spend it or not, the money is theirs and only make their cap bigger |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by MasterJayJay: 4:26pm On Jun 03, 2023 |
kellybently:And after buying at higher rate, will they sell at 65 naira? They will still sell at higher price to make profit. So what exactly is your point? 2 Likes |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by tommylee(m): 4:29pm On Jun 03, 2023 |
Flier: Well said my brother this is what a lot of people fail to understand.......this is the most sensible post so far |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by gabbytabby: 4:30pm On Jun 03, 2023 |
My suspicion is they were told to recover the 2.8trillion the government owes them cos no money to pay them. |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by DaddyCoool: 4:35pm On Jun 03, 2023 |
kellybently: What has new product got to do with the profit they ALREADY made?? How u folks reason eh. Someone made N1B on a trade he just completed, he can decide to do WHATEVER he wishes with the money. Is there any law that says he must buy new product or what amount? It is his money. Full stop! |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by DaddyCoool: 4:37pm On Jun 03, 2023 |
MasterJayJay: Ask him o. Well said! |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by bayelsaowei(m): 4:43pm On Jun 03, 2023 |
Let them enjoy us... .... Country is dysfunctional...so let both the government and the markerters enjoy us to the full... |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by VeeVeeMyLuv(m): 5:21pm On Jun 03, 2023 |
Stevenson20:the main monster is corruption tendencies by unpatriotic leaders 1 Like |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by ModCaller: 5:28pm On Jun 03, 2023 |
inoki247: Have you heard of rollover in investment? That's what traders do. In situations where price went up, they buy less, sell that less at profit and buy more. The trick to be in profit when the buying price is subtracted from the selling price for THAT PARTICULAR stock |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by VeeVeeMyLuv(m): 5:30pm On Jun 03, 2023 |
Tareq1105:But with all these you are describing it simply implies that the quality and standard of living is diminishing. Very soon now school children will soon be looking like kwashiorkor due to malnutrition resulting from household meal management/adjustment. |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by kellybently(m): 6:03pm On Jun 03, 2023 |
MasterJayJay:is now I understood ur low level of thinking |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by MasterJayJay: 6:06pm On Jun 03, 2023 |
kellybently:olodo! Una just go open mouth dey yarn dust. |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by DaddyCoool: 6:10pm On Jun 03, 2023 |
Tareq1105: |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by DaddyCoool: 6:14pm On Jun 03, 2023 |
tuoyoojo: The way POS people smiled to the bank durring new naira Na turn by turn One day e go reach your turn |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by kellybently(m): 6:19pm On Jun 03, 2023 |
MasterJayJay: simple common business explanation. u no fit grab. |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by GEJDHERO: 7:13pm On Jun 03, 2023 |
goodness4ever:In other words subsidy should remain until this clensing is done. |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by grandstar(m): 7:27pm On Jun 03, 2023 |
Don't mind many of these unserious people whocry more than the berieved. They expected the oil marketers to sell their old stock at around N195/litre which would have been a massive blow once the price shot up! They wouldn't have the resources to restock which would have been a financial death sentence. Those urging them to sell at peanuts would be nowhere to be found. These are the same once demand minimum wage increase to N100,000 2 Likes |
Re: Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily by alomeda600(m): 7:31pm On Jun 03, 2023 |
MasterJayJay:How much are they going to use to buy the one they will selling at higher price. I know it is difficult for you to comprehend, ask an Economist around you. |
Former ICAN & Nigerian Red Cross President, Emmanuel Ijewere Is Dead / 2027: El-Rufai Sparks Defection Rumours With Visit To SDP Secretariat / President Buhari At The Eid Ground With So Many Patriots Who Love Him
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 42 |