Lumarstone:
We NIGERIANS are tired of hearing this type of news.

Octopusssy:
I am just tired of this kind of news coming from Nigeria. What are we doing to ourselves, for God's sakes? Are Nigerians not tired of suffering??

naijaboy756:
Was Tinubu overhyped?

Nothing is different from the old order

Infact it is even worse

Octopusssy:
I am just tired of this kind of news coming from Nigeria. What are we doing to ourselves, for God's sakes? Are Nigerians not tired of suffering??

Paraman:
The only time a marketer was allowed to import petrol is in June. NNPCL have been the one importing since then. Marketers can buy from NNPCL. The likes of Mobil, Northwest, BOVAS are not importing oil but they are still selling and competing with NNPCL.
So far you have your money, you will buy fuel at the same price the NNPCL is getting their own.
A lot of independent marketers have been run out of business since fuel subsidy was remove. This are the set of people that have been fleecing Nigeria.

Federal government should disband NNPC- as a house of Fraud. They have outlived their usefulness and unless, President Tinubu loves it that way!
They should ask ARAMCO of Saudi Arabia ,to teach them how to run an Business of a Public Sector, that is making Profits with good Returns!
Those who are in NNPC are just on their own, without the Masses consideration!

There will be no fuel scarcity of que in Nigeria, NNPCL is on top of the situation. Some wise filling station owners have lease out there filling stations to NNPCL

Octopusssy:
I am just tired of this kind of news coming from Nigeria. What are we doing to ourselves, for God's sakes? Are Nigerians not tired of suffering??

Funkyswagzz:


Bro be honest to urself.. will the federal government give some of these petrol importers license to build a small refinery in nigeria

delpee:


A clearer explanation. I hope all NNPC, Mobil and Bovas stations will have fuel. Maybe others will buy from NNPC for now to solve the problem. We really shouldn't go back to the subsidy to independent marketers era. It's too fraud prone.

Paraman:
Petrol Marketers have being saying different kind of shit since subsidy was remove

Subsidy is gone for good.

b3llo:
Subsidy is a scam. This marketers are the same set of people involved in subsidy scam, hoarding of petroleum products, and transborder selling of petroleum products to enrich their pockets.

Paraman:
The federal government have been giving out license for people to build refineries fore more than 15 years now.

More than 19 individual/firms have been giving license to build refineries since Buhari first tenure, where are the refineries?

Khyrvxjzy:


no ibo man will become president

Paraman:
Petrol Marketers have being saying different kind of shit since subsidy was remove

Subsidy is gone for good.

Funkyswagzz:


I will need you read this thoroughly and tell me what you make of it. The issue is not just giving license but to guarantee needed incentive for the refinery to function properly. The problem we currently have in Nigeria is monopoly over everything. Certain individuals want to control the courtry

https://www.google.com/amp/s/www.vanguardngr.com/2015/08/buhari-approves-65-licences-for-private-refineries/amp/

Mrtaye:

Nobody is talking against subsidy removal o
So it just has to be a process or phase but the most important thing as the commander in chief is to ensure that refineries are working maximally before you reason subsidy removal..... i

Paraman:
How many modular refinery is operating in Nigeria?

Funkyswagzz:


Lemme take a wild guess probably 2 or 3. Tho am aware of the one at Delta state. I still believe the problem is monopoly over everything.

Paraman:
So you believe the 2 or 3 are the ones that are not letting the others build and operate their own?

A lot of people that were suppose to build this modular refineries prefer to import. That's the reason we only have 2 to 3 operating.

Paraman:
The only time a marketer was allowed to import petrol is in June. NNPCL have been the one importing since then. Marketers can buy from NNPCL. The likes of Mobil, Northwest, BOVAS are not importing oil but they are still selling and competing with NNPCL.

So far you have your money, you will buy fuel at the same price the NNPCL is getting their own.

A lot of independent marketers have been run out of business since fuel subsidy was remove. This are the set of people that have been fleecing Nigeria.

There will be no fuel scarcity of que in Nigeria, NNPCL is on top of the situation. Some wise filling station owners have lease out there filling stations to NNPCL

“Worst hit are filling stations whose owners find it extremely difficult to secure funds to procure products for their retail outlets and both the independent and major marketers are so terribly affected that as at today, filling stations are shutting down in great numbers on a daily basis and dealers are going out of business with many more on the verge of bankruptcy because of their inability to secure funds to facilitate orders for their stations.

BoldBrainz:
Nigeria's biggest problem is not the political class. Our major problem is the citizenry that allows themselves to be bamboozled with tribal and religious theatrics.

For a nation with a high level of educated youths, we're too stupid and docile to be under a democratic rule. Once a section of the country produces a leader, people of that region mobilise themselves to sing "hallelujah" songs of defence for that leader, irrespective of his despicable performances.

When that happens, other voices of objective criticism are punctured and classified as "haters and wailers", yet the deteriorating state of the economy keeps crashing on the collective shoulders of everyone, tribe and religion notwithstanding.

I detest stupid and deceitful people. I may have my flaws, but I will never support a kinsman in the face of glaring incompetence or evil. And as long as we continue on this path, we'll lack, suffer and gnash our teeth in pain while we birth children who'll continue with the sorry state of affairs of our country.

I'll never for the rest of my life lend a hand of assistance to any Nigerian for free, anymore. Never!

Paraman:
What problem are you talking about? Is there fuel scarcity in your city?

NNPCL is the sole importer of fuel, the marketers can buy from the NNPCL. Fuel Subsidy is gone for good.

kcprince:


It’s not as you think. All depot owners have been buying from NNPC since subsidy removal. Mobil, total, MRS etc all buy from NNPC. The current issue in the industry right now is that the cost price and the selling price is almost same thing. They expect you to buy 577 and sell 580. Thansport is not included. Maybe they want people to adjust their meter so that instead of 1 liter you will be given 80cl. As a result of this very low margin many stations are fussed to shut down. The news I was hearing last week is that NNPC does not have enough because they cannot restock cos of exchange rate . Let us see how next week plays out .

Paraman:
So you mean NNPCL does not also have dollars to import fuel? I don't believe this. Let's wait till next week as you claim, I will quote you by this time next week Friday.

May God Protect us till then and beyond.

kcprince:

The issue is not having dollar. They have to use the current exchange rate and crude oil rate to calculate landing cost. I am expecting a price increase unless fg secretly decide to go back to subsidy in order not to provoke labour union .

Paraman:
So you don't know FG have been paying subsidy since last month or so?

kcprince:
whatever they are paying is about to increase or they pass the increased cost to us. Either way.