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Nairaland Forum / Nairaland / General / Politics / How Much Should Petrol Really Be Sold At Our Pumps? (4384 Views)
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How Much Should Petrol Really Be Sold At Our Pumps? by iukpe: 12:34pm On Jan 13, 2012 |
Fellow NL, how much is petrol exactly worth at the pumps after importation. I mean a justifiable, rational value putting importers actual costs into consideration and charging the right %profit. Leaving out the force of corruption. I will like to know. About how much should the consumer pay at the pumps per liter of petrol? |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by Oskilala: 1:12pm On Jan 13, 2012 |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by itodje(m): 1:34pm On Jan 13, 2012 |
for now FG should go back to 65 nairave the and they should come with sample to show that after they remove fuel subsidy life will become good |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by eprynce(m): 1:39pm On Jan 13, 2012 |
As long as it's imported, then it should sell for probably what obtains elsewhere. But we dont have a clear picture of what obtains elsewhere, do we? |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by onchefx: 2:06pm On Jan 13, 2012 |
n100 very rational |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by babestella: 2:14pm On Jan 13, 2012 |
A major importer/marketer who owns over 200 filling stations across Nigeria has come out to say that he has never NEVER received 1 kobo as fuel subsidy money, and he has been selling at 65 naira per litre, How is he able to do this Is it that our govt is not telling us what is doing on with this dragon called subsidy and his sister called corruption.///? any suggestions please?? I think the truth of the matter is gradually coming out. |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by stagger: 2:16pm On Jan 13, 2012 |
iukpe: The bold text is where Nigerians like me have a BIG problem. Why should we import when 200,000 barrels out of the 2.5 million barrels we produce daily can meet our daily consumption in Nigeria? Why should we import when our daily consumption will be reduced by at least 40% if we have good power supply and our railways are working, as well as good roads? (constant breaking and acceleration to avoid potholes increases a car's fuel consumption) So OP, rephrase your question and stop thinking like the government. The issue goes beyond selling petrol at N65 per litre. The issue is about fixing our infrastructure and stopping GEJ from eating N1bn as food every year, if you get my drift! |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by stagger: 2:19pm On Jan 13, 2012 |
babestella: Jomih Ibrahim had more than 400 filling stations as at 2003! |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by Eltonluigi(m): 2:29pm On Jan 13, 2012 |
babestella:If this dude claiming he never got subsidy yet he sells at a subsidized price(N65), we sure should only buy fuel from his filling station. I just hope he got one in my area too; I don't give a fûck as long the price doesn't get above N65. |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by dankoli85: 2:32pm On Jan 13, 2012 |
I shoulde sold at the rate of 40 cos its our welth not theirs |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by Temi231(f): 2:32pm On Jan 13, 2012 |
As femi falana said this morning on TV, the petrol price after importation is #39. |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by babestella: 2:37pm On Jan 13, 2012 |
what is the price per metric ton FOB from Dubia, UAE etc.? With this we can determine the landing cost here in Lagos. http://nationaldailyngr.com/index.php?option=com_content&view=article&id=2767:fuel-subsidy-protest-how-much-should-petrol-actually-cost-in-nigeria&catid=336:pointblank&Itemid=574 |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by nku5: 2:40pm On Jan 13, 2012 |
From what Esele of the TUC said in an interview and a few other sources - N34 per litre |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by babestella: 2:43pm On Jan 13, 2012 |
that statement about a major marketer/importer having more than 200 filling stations across the nations was made by the chief imam of Answa ud deen society, and I believe him, all points to Jimoh Abrahim. At Ibafor deport and Apapa tank farms, PMS is sold for between 48 per litre to 55 per litre depending on exchange rate, so who is subsidising who, where does the issue of subsidy come in here. I know a sub marketer who buys PMS from Ibafon depot for about 55 per litre and takes it to Enugu to sell at the pump for 75 naira due to transportation. |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by babestella: 2:47pm On Jan 13, 2012 |
if government says it has been paying subsidy out to importers, let them publish the names and accounts and documents used in paying these companies, and let the companies come and defend themselves. What I think the focus of our president should have done was to get the EFCC swoop into the oil sector to get people arrested for investigations, and then you will see how drastically subsidy payment will reduce for the months of feb and march because a lot of fraudulent documents used in applying for subsidy payment will simply disappear from the tables of PPPRA offices, and while that is going on, he will pass the Petroleum industry bill (PIB) and then face Boko haram squarely. Do this for the next 4 months and see if things will not fall in place. |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by OilSubsidy: 3:07pm On Jan 13, 2012 |
Freee |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by iukpe: 4:08pm On Jan 13, 2012 |
Well, there should really be no doubt whether we are importing fuel or not. Yes we are because we are not producing petrol, (refining). We are using too much on generators than cars. My Generator at home consumes more petrol a week than my car and my wife's car put together. More than 70% of Nigerians who troop to filling stations everyday buy fuel for their generators and almost half who buy into car tanks also buy in Jerry-cans. Petrol black market business has become common on our streets and even patronized by police vans and security vehicles. ( [s]I thought that hawking petrol was illegal[/s]). Many Nigerians do not own cars or a boat business but buy petrol everyday to use for businesses in the city or at home. So it is possible to have this high consumption hence importation. But this is no reason to make Nigerians pay more than is reasonable. To me importation should be temporary. While we sit and wait for our refineries to be fixed. But it appears its going to be the way forward for things even in the next 50yrs. |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by manny4life(m): 4:21pm On Jan 13, 2012 |
Please can someone tell me how they are able to sell at N65 without subsidy whereas a barrel of oil is $100? This doesn't make perfect sense, someone please tell me the math behind because I really want to know. |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by iukpe: 4:25pm On Jan 13, 2012 |
from http://nationaldailyngr.com/index.php?option=com_content&view=article&id=2767:fuel-subsidy-protest-how-much-should-petrol-actually-cost-in-nigeria&catid=336:pointblank&Itemid=574 ", The cost structure of crude oil (i.e. Qua Iboe Crude Oil) production is given as follows: exploration and development - $3.5; Production cost - $1.5; Refining Cost - $12.6; transportation - $1.5; while distribution and bridging fund Margin stands at $15.69. So the true cost of one litre of petroleum anywhere in Nigeria should be as follows: Total sum cost of 159 litres of petrol (from one barrel of crude) is actually $34.8. From this, to produce one litre of petrol should cost $34.8 divide by159 litres and this would come to $0.219. Using the exchange rate of N160 to $1that is 0.219 x N160, one litre of petrol is actually produced at N35.02k. The tax of N5 per litre is taken by the government. So after all these, the actual production cost plus tax for one litre of petrol produced in Nigeria should not be more than N40.20k." ", rather than protest for the price of petrol to be reverted to N65 per litre, Nigerians should actually be asking for the realistic pricing using N40.20k as the benchmark of production cost plus tax. So we should actually be asking for N45-N50 per litre as the realistic price of petrol of course including a profit margin of N10 per litre. It is outright robbery to think that locally refined petrol should follow the dictates of international oil markets to sell for local consumption, " thanks to babestella |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by manny4life(m): 4:40pm On Jan 13, 2012 |
^^^ From what I see, you just explained everything but the actual commodity itself. 1. Exploration and Development Cost ------------- $ 3.50 2. Production Cost -------------- $ 1.50 3. Refining Cost -------------- $12.60 4. Transportation Cost --------------- $ 1.50 5. Distribution/Bridging fund/Margin --------------- $15.69 You have explained everything associated with the product, but the question is HOW MUCH DOES THE RAW MATERIAL (CRUDE) COST ITSELF? Nigeria NNPC buys at international rates so I don't see how "raw materials" wasn't covered |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by crowaddy(m): 7:31pm On Jan 13, 2012 |
manny4life: Everyone wants to be a populist. Some of the figures and statements brandished by are so called "learned" and wise men shows outright political bias or that the blackman has a very poor IQ |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by clip: 8:05pm On Jan 13, 2012 |
Please let professional and oil people contribute . Nice tread |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by jpphilips(m): 8:51pm On Jan 13, 2012 |
@ poster the first place I saw the above analysis the source quoted, Tam david west, then I chuckled, Tam david west left the oil sector a long time ago so he may be right in 1984 not today. Sanusi is just using his female voice to decieve Nigerians. why the poster is asking this question is because sanusi never told you that subsidy is paid on products from our refineries, take your time and read this to understand better and why. I cannot but express my profound gratitude and solidarity to the NLC,TUC and other affiliate organizations. We in the oil and gas sectors are solidly behind you. Let me quickly introduce ourslves, we are a group of well meaning Nigerians in the oil and gas upstream sector who wish our voice to be heard in this battle to save Nigeria. While we negotiate with the government, these perspectives must be adressed. lets talk about this present day subsidy regime, the Cbn gov has already confessed he has evidence of round tripping , he said he paid subsidy on 15 fake vessels approved by customs. what did madueke do? nothing the reasons investors did not build refineries over the years was lack of cheap crude but the biggest reason is corruption how? licences were given to companies without the financial muscle to build refineries also part b of the license clearly states that these armed robbers have oil lifting license embedded in their refining license, tell me who will choose refining over lifting where he makes instant profit and inflated subsidy what did madueke do? nothing as usual do you know that NNPC does not have storage facilities for all those millions of products they are quoting and importing. how exactly does Nnpc wish to store 30million litres of pms? do you know that these fg goons went ahead to licence importers without storage facilities leading to the govt paying extra for storage on a product they are paying over 70 naira as subsidy can u beat this stup1dity and incompetence? what did iweala and madueke do? nothing, do you know that these leppers in Nnpc have no grading structure for imported pms low grade,mid grade and high grade all are pms same subsidy, same price even ethanol blends have subsidy paid on them, can you beat that? even abroad where the products come from have different prices. some are far cheaper than others which ordinarily should attract low subsidy what did madueke do? nothing. do you know that these bingos at Nnpc dont maintain their pipeline networks which ordinarily should link one depot to the other, they have to pay extra for tankers transporting these products all are subsidies. eventhough their foreign jv partners are maintaining over 1000 pipeline networks in Nigeria. what did madueke do? nothing. do you know that under madueke's watch demurrage is paid as subsidy to these importers . how cant they be reponsible for their import schedule? is it not commonsensical for madueke to prioritize the discharge of those vessels quickly in tank farms as not to attract demurrage for a product you are subsidizing? and they want us to tighten for a better future? which future ? can iweala,Sls and madueke plan for a sustainable future if given the task? dead failures. for every extra kobo you pay on pms you paid for madueke's incompetence. now they can see high expenditure but cant see how their incompetence is inflating the subsidy regime. Do u seriously think iweala will see it comming if it was true that economy will crash? Let us analyze the genere and politics of these issues There are more misnomers than facts surrounding this subsidy brouhaha. First, the Govt said the economy will collapse, ridiculous indeed secondly, the Govt said oil importers are a 'cabal', nearly fell off my seat. Comrades, there are no cabals, in 2009 the scarcity of petroleum products became intense and the Govt admitted that Nnpc through its subsidiary PPMC has failed Nigerians by their inability to meet up with the supply of pet. Products and that phenomenon gave rise to licensing of some people to 'assist' the Nnpc in doing their job for which they are paid for. Please don't forget that hitherto, Nnpc has been doing the importation and refining themselves before corruption eroded their common sense. These importers went abroad and came back with a price Nnpc is already aware of comprising of logistics, storage and administrative costs, these were quantified before they arrived at a price. The FG now fixed a price tag of 65naira on Pms and agreed to be reimbursing the importers the balance not oblivious of the fact that the landing cost is higher than the stipulated price To my greatest chagrin, the Jonathan’s administration woke up and termed them 'cabals' who are fleecing the nation. Assuming Ruben Abati goes abroad to buy a TM underwear for 1k and decides to sell it 1.5k adding purchase price plus logistics plus profit and the Govt tells him to sell at 900 naira, wont he ask for the 600naira balance? When the incompetent NNPC agrees to reimburse him, then he has become a cabal stealing from the GOvt? We are not docile, If Nnpc lived up to their responsibility, we won’t have need for the importers in the first place.There is no doubt that the subsidy regime is met with corrupt practices, is it not the responsibility of the govt to clamp down on those malfeasance? the Governor of central bank confessed during the town hall meeting that he paid subsidy to 15 fake vessels who connived with customs to falsify their papers. is this not fierce corruption? and we have a shameless commander in chief? by the way, how many naval officers patrol our waters on tax payers account? efcc,icpc etc The only solution that came to the minds of this disgruntled PDP administration is to remove subsidy into-to not minding its inflationary consequences. This is the si1liest approach any human being with brain if they have one can summon. Thirdly, Jonathan insulted the intelligence of Nigerians telling us that we don't benefit from this subsidy except for the importers and he had the unbridled temerity to be advertising it on NTA saying the rich are getting richer. This people are demons. When Ruben abiati's mother goes to the market to buy vegetable at a price, does he not know that the seller included cost of transportation to that price? So when the transporter buys PMS @ 65naira and fixes his price based on that, he says his mother did not benefit from the subsidy that guaranteed the price in the first place? In a generator driven economy like ours? It is either Ruben Abiati and his employers are drunks or they think that Nigerians are m0rons. I feel sorry for people that think that competition will crash the deregulated price erroneously juxtaposing it with GSM. Do you know that the price of crude being the raw material for refined pet. Products are sold at the same price world overl? If you agree to this, then, even if you deregulate and license 5million importers the product will still be expensive because crude itself is expensive. You will still need to subsidize it to 65naira, exactly why deregulation of diesel in part did not work.The only reason you have not bought diesel @ 200naira is because there are so many illegal refineries who bunker crude, settle JTF and refine diesel at a lower price. This people still pose a great threat to the importers who buy at a higher price that is why you get diesel @ 140naira elsewhere but in the delta i buy as low as 70naira. At this verge you will not over rule the fact that these unscrupulous elements contribute to the availability of diesel, if you are in doubt, anywhere you see cheap diesel, ask the dealer the source of his consignment If he is honest he will tell you the truth, when i was told, i took an hr 20mins boat ride to a remote village in the delta between Belema and Kola communities and i saw the local refinery myself. Conduct a chemical test on those cheap diesels if you are not convinced and you will realize a lot of additives are missing.Sounds incredible but those are the realities on ground.You now know why many importers in the delta hardly have diesel. I still feel sorry for those who think the Govt should build more refineries, that will not solve the problem either because there is no cheap crude to supply these refineries. Do you know that even the petroleum products from our present refineries at a disappointing capacity attract subsidy? that is what Sanusi is not telling Nigerians. This Sanusi's buisness model of increasing local price to attract investors is misleading. He should ask himself why so many buisnesses left the USA for Asia and Arrica between 1998 till 2008. The reason was because cost of doing buisness in America was high so there was need to tap into Africa's cheap land and asia's cheap labour. If you increase the pump price the spiral inflation will discourage investors, you pay high for land,labour, enegy etc. A brief insight in Nigeria's oil and gas model gives us a better outlook The oil production of Nigeria stands at 2.37 million barrels of crude daily. Nigeria get this crude in a JV (joint venture) with IOC's (international oil companies) and the Nigeria's cut stand btw 55% to 60% of the lot, if we go by 60% then, that gives a total of 1.4m barrels daily.If we average the crude price from 2009 till date, the price falls close to 100usd/bbl.In that case, Nigeria makes 140,000,000usd daily from this JV. Nigeria has a policy called DSO (domestic supply obligation) which mandates 250,000bbl/d of this crude to be refined and consumed locally,In monetary terms, the Nigerian govt is giving us 25,000,000usd worth of crude to refine. Our three refineries at optimum capacity utilizes about 450,000bbl/d which gives 45,000,000usd in monetary terms in other words, the price of raw material in this case, crude, accrued to our refineries comes at 45m usd per day , if you add refining cost and profit of 6usd per bbl,The total cost becomes 270,000,000usd per day.There is no way you can refine that crude at that price and sell it 65naira/ l and make profit. Meanwhile, once we mark out that 45m usd worth of crude for our refineries (assuming they are working at optimum capacity), the govt has already lost 45m usd from their 140m usd daily earnings (which will affect budget implementation) and after refining will still spend more money to subsidize it to 65naira/ l (you now understand why NNPC subsidizes the products from our refineries) With this analogy, you will agree with me that if all our refineries are working optimally, the govt will spend 3times our present day subsidy to bring the pump price down to 65naira/l . So, for those of you clamoring for refineries should be careful what you wish for because there is no cheap crude for you to refine. I have argued abinitio that the sales of other derivatives of crude will bring down the cost of most sort PMS,DPK etc but after doing some feasibility studies, i realized i was dead wrong. I further argued that to make cheaper crude available for our refineries, the Govt should reduce the price at which it is supplied unfortunately, the senate mandated the then GMD of Nnpc that the DSO must be sold at international crude price. This i believe was proposed for the following reasons: 1 the refineries are working below capacity so what the heck does Nnpc use the crude for? 2, there is a benchmark on crude price for budget implementation.With these reasons, any existing or yet to exist refinery in Nigeria will get crude at a high price and must need subsidy to sell at 65naira/ l, at this cross road, the then GMD of Nnpc decided that all crude should be exported and subsidy be paid on imported products. At this verge, i must reiterate here that competition amongst importers will only crash the profit margin but not cost price.Even if every Nigerian becomes an importer of pet. Prods, we can never change the fact that crude in the int l market is already expensive before thinking of refined prod. So we must need subsidy to make profit. Before this issue of subsidizing petroleum products can be addressed,You must have the following at the back of your minds: 1, Nigeria pegs a benchmark on crude prices to enable it implement budget. This stands at 75usd/bbl. And this crude is sort from the JV .2, if crude price exceed the benchmark above, Nigeria makes excess crude revenue (ECR) 3, conversely, if we make excess crude revenue, the price of subsidy on refined products shoot up.With the above analogy, One can argue that the ECR be used to subsidize imported petroleum products since both are a function of each other unfortunately in Nigeria, it comes with its own challenges. By law, the constitution clearly states that all revenue accrued to the FG be shared amongst the three tiers of Govt.This alone makes it illegal for the FG to keep the ECR to itself for whatever reason. This is where the wahala started, during GEJ's campaign, he astronomically increased workers salary without consulting the state Governors,most Governors have refused to pay on the grounds that they cannot afford it. On that grounds Taraba, jigawa and some other states have a genuine case.With the above development, the states started scrambling for funds and remembered the ECR and insisted it must be shared to enable them pay the new wage and develop infrastructures. you now understand why all state governors are for subsidy removal including the literally "one of us" comrade Adams oshiomole, because they know it will be shared just like the ECR The way forward: In the short run: All unions must ensure the FG, must consider these options, 1, identify and tackle the corruption and incompetence prevalent in the subsidy regime above. That will push down the cost of the subsidy in the first place.Like i said in April, no matter how sincere GEJ think his administration is, he cannot make any reasonable progress in the face of corruption, 2, the power projects must come upstream before removing subsidy, this will reduce the demand on pet. Products to a very great extent. 3, Nigeria must accommodate Gas export, port duties and other forms of revenue in their budget implementation policies. 4, Govt must never invest an extra kobo in our moribund refineries, by doing otherwise, the cost price of the refineries will rise to an extent that it will no longer be attractive to investors or will prolong their repayment plan.Thereby making it very capital intensive. 5, Instead of deceiving Nigerians with their cabal bullshit and deluding them that they don't benefit from this subsidy, the FG should channel that propaganda with intense lobbying to the senate,NLC and civil society organizations to stop the state governors from demanding for the ECR, this can be achieved by the FG asking the state to pay whatever increment they can afford for the workers that way the ECR will be used for subsidizing pet. Products. In the long run: Nigeria must seek local production capacity.It is no longer news that Nnpc and its subsidiaries have failed woefully in meeting the needs of the Nigerian people. Nnpc through its subsidiaries Npdc and Ngc are saddled with the responsibility of the above for oil and gas production respectively, but as i write, the current production of NPDC stands at a paltry 90,000bbl/ day which is a huge failure for an agency set up 23yrs ago, The IOC's has made us believe that it will cost less than 12usd to extract 1bbl of our oil. The Management of NPDC must be reshuffled and if possible experts brought in on contract basis to improve NPDC's production.These experts must be placed on targets appraised by milestones. in ogoni land for instance, Anglo dutch has a lot of abandoned production facilities and marginal wells and others scattered all over the country, these can be bought by NPDC with the money FG want to waste on refineries to improve production, If NPDC can extract oil at 12usd/bbl and make a little profit, with this cheap oil available, Nigeria will have no reason going to the JV. This cheap crude is what will attract investors to build refineries and create jobs against sanusi's pump price increase to attract investors and create another monster called INFLATION, A 250,000bbl/d refinery will cost a little above 5b usd, dangote alone can afford two of those only if NPDC can guarantee cheap oil. This is why no investor is coming to build refineries. A crude price of 18usd/bbl from NPDC will guarantee pump price of less than 22naira per litre of pms from these refineries.With this plan,By the end of this Administration, NPDC will have robust production capacity and the refineries will guarantee steady refined products. These refineries shouldn't be operated by the Govt for any reason.The FG will generate revenue from both ends, export of crude and export refined products and the production of NPDC must be increasing periodically. this is necessary because Nigeria as a member of OPEC has a limit to crude export but we can earn more revenue from petroleum products export. Once the above takes effect, there won’t be any need to be paying subsidy because pump price will be around 23naira/ l and inflation will reduce by 40‰. Now, how competent is Allison Madueke and iweala if they can’t figure this out? To think of removing subsidy at this stage where there is no electricity and high corruption rate will be tantamount to economic suicide. I cant believe iweala and sanusi are using trial and error approach to economic solutions please try the next country or preferably Haiti. What iweala forgot is that in the face of inflation, the cost of running Govt projects will be high, All Govt contractors will definitely come back for contract variations or Abandon those projects. As a sound economist, she should tell Nigerians the value of 1.3 trillion naira ( she intends to save on subsidy removal) in the face of 60% inflation and how many projects Nigerians will benefit from the subsidy removal.If you remove subsidy and the money disappears, then it is a NO NO for Nigerians. Now, let us analyze possible solutions to this economic quagmire. I have a deal for iweala. fight corruption and inefficiencies in the subsidy regime and bring it down to 300billion for this year. The management of Npdc must have a target of 150,000bbl/d by dec 2012. on january 2013 subsidy will go by 50% and by dec 2013 Npdc should guarantee 200,000bbl/d on 1st january 2014 subsidy must go 100%. with or without the refineries on ground, then if Nigerians are sacrificing, they will know it has a limit pending when refineries that will utilize the cheap oil on ground arrives. tell me what WE are sacrifising for today? eternal slavery? I and my generations cannot and will not sacrifice for Govt's incompetence. All unions should never accept partial deregulation, it is more dangerous than total deregulation because Nigeria hasn't a price regulatory agency who ordinarily should put the markets and commuters on check. Deregulation in the down stream sector is not same as telecoms, we need structures to support it which Nigeria have not got unlike the later. God bless you |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by Limaoscar: 10:13pm On Jan 13, 2012 |
@jp philips, you are wicked, that was almost end-less |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by Amjustme: 1:27pm On Jan 14, 2012 |
According to Femi A.Kuti, petrol should be cheaper than water in Nigeria, lol |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by iukpe: 2:41pm On Jan 14, 2012 |
Abeg, fellow Nigerians, or NL, What are we going to do? |
Re: How Much Should Petrol Really Be Sold At Our Pumps? by clip: 2:43am On Jan 17, 2012 |
Thanks for your contribution JP Philip,but i will like more explicit figure analysis |
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