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Nairaland Forum / Nairaland / General / Politics / Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike (23555 Views)
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Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by Menclothing: 7:08am On Aug 15, 2023 |
CBN should make forex available |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by lizko(m): 7:13am On Aug 15, 2023 |
badoh: |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by lizko(m): 7:14am On Aug 15, 2023 |
Is the system that is giving vacum for all this nonsense. badoh: |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by UnfairLife7(m): 7:18am On Aug 15, 2023 |
favor914:your Emilokan people are the ones suffering. They are begging Emeka and Chukwuma to sell foodstuffs for them on credit. An average igbo man are into business. Your Emilokan people are either jobless, doing Agbero or salary earners whose take home obviously do not take them home. Your Emilokan has increased poverty and unemployment from where Buhari left it. Don't worry $$ will get to #1,500 before the end of the year. A bag of rice will obviously get to 60-70k. Fuel might get to 1k per litre. Igbos are suffering while your Emilokan are living large |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by oka4ugoo: 7:28am On Aug 15, 2023 |
badoh: That's business. If they finish their stock at the rate of old price where do you expect them to make up the difference to buy at new price. Business is for profit not for charity |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by xukwaa: 7:44am On Aug 15, 2023 |
Honestly, on the area of forex devaluation, does it imply that the situation could have been far better if PDP had retained power since 2015? Just thinking. |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by Officialmrt: 8:14am On Aug 15, 2023 |
Reference: Noted....face your family issues first |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by Shikini: 9:41am On Aug 15, 2023 |
Terrible |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by mikeapollo: 9:55am On Aug 15, 2023 |
badoh: Shut up if you cannot address the root cause of the problem! Marketers are in business to make profits. If your government is so useless and cannot hedge against the unnecessary price hike of petroleum products, then don't blame the marketers because they may run into losses if they should sell old stock below the landing price of the next consignment. Face your useless government that has made US Dollar to rise to almost N1000 and still importing refined products after spending billions of naira as turn around maintenance (TAM) on the refineries! The same marketers sold fuel at much less price when the conditions were right for them to do so. |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by DDDDDav: 10:03am On Aug 15, 2023 |
badoh: You bought tubers of yam at the rate of N500. You sold for N550 to make N50 profit per tuber. Now you went back to the market to buy new set and you are told that the new price rate is N600. What would you? Systematically, you are out of business. That is what the marketers are trying to avoid. It is suppose to be vice-versa. Meaning that at times , prices will come down. Therefore those who have old stock won't be able to sell their old stock with the same profit. They have to lower their price, else customers would shun them and go buy from those selling at lower price |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by ceeceeco: 10:29am On Aug 15, 2023 |
Naija na werey. Una never see anything. |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by breezeng: 10:30am On Aug 15, 2023 |
Thatis not true my brother. Though i am not defending the marketers but from my own points of view, i realize that most of those marketers will go out of business if they dont sell old stock at new prices. They may need almost 300% of there capital to by new stock at increased rate , whereas the get these funds as bank loans. I justpity everyone in this country badoh: |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by FIRDAUS3(m): 11:20am On Aug 15, 2023 |
Taylor90: This your prayer for Nigerians will not come to pass. Throughly Mr. President got it wrong, but we need to be positive. |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by CorrectionFLuid: 11:58am On Aug 15, 2023 |
badoh: When a salary earner talks you go know. His salary enters whether or not profit is made. SMH Let me educate you a little. Assuming you purchase 10 PCs of goods at #100 each. You sell at #120. That means at the end you make #1200 at the cost of #1000 with #200 profit. So you already sold half and you have #600 Suddenly the cost price rise to #150. If you keep selling at #120, will you be able to buy the same 10 PCs? You still also have to factor the uncertainty of the commodity price, and the inflating tax regime. And you still have to pay salary to your employees, some of them as ungrateful as you. |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by Sirchigo4: 12:52pm On Aug 15, 2023 |
IconicR: This one u did not blame on it on obi or ipob? Has the shege pro max reached u? |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by onlyboyson(m): 2:48pm On Aug 15, 2023 |
Asiwaju never come,he is still coming 😅😅😅 |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by YouAreNobody: 3:50pm On Aug 15, 2023 |
Eecho:Chillax, I'm just quoting those useless fools who keep voting useless leaders due to tribalism |
Re: Petrol: Lagos Fuel Stations Shut Down Over Speculation Of Pump Price Hike by Exceed15: 6:42pm On Aug 22, 2023 |
Una never see anything. Mumu apc supporters |
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