Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,156,744 members, 7,831,376 topics. Date: Friday, 17 May 2024 at 05:54 PM

Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN (23647 Views)

Petrol Price May Jump To ₦‎750 Per Litre — IPMAN / Fuel Scarcity: We Have 2 Billion Litres Available – NNPC / Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by Nobody: 10:55am On Jun 21, 2022
Nukilia:


I believe you are aware of the sabotage going on in the petroleum sector. The government keep paying salaries to the NNPC workers despite their poor performance. Every region if allowed to develop at their own pace, it will lead to a collective transformation.

Yes, but if nnpc is privatised and the downstream is deregulated, they would sell fuel at high prices yes, but would be forced to live off their profits. Since no more goverment money

That means no more looting and sabotage because it harms thier bottom line...profit

See the GSM sector. No goverment subsidy , no corruption and sabotage.

Sell at a proft and things will work.

1 Like

Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by kayperry: 10:56am On Jun 21, 2022
subsidywise18:


Am sure if Peter Obi implements subsidy removal...the only solution...you won't like him anymore.



How many times dem wan remove subsidy, in as much as our govt don't want to do the right thing subsidy removal has become a convenient LiE and a perfect excuse to dole at lame minds.
A quick one, kerosine and diesel as being deregulated how far ?? of what use is a product that is available and people can't even afford it. lately companies, banks are now running on short operating hours, companies are struggling to afford diesel the common man can't even afford kerosine anymore .... the goal of availability as being defeated.
The solution and only solution is "Active REFINERY" ... why is it impossible for nigeria to own a refinery does it make sense to export & import back what we own and why can't the govt tap into the local modular refineries, support & regulate it @least instead of demolishing them. We need to stop fooling ourselves, the road path is clear buh our leaders just prefer bush path

2 Likes

Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by Nobody: 10:57am On Jun 21, 2022
CheapHomes1:


I am lexy2014
I am obidient
I am voting for obi.

Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by CheapHomes1: 10:58am On Jun 21, 2022
kayperry:

How many times dem wan remove subsidy, in as much as our govt don't want to do the right thing subsidy removal has become a convenient LiE and a perfect excuse to dole at lame minds.
A quick one, kerosine and diesel as being deregulated how far ?? of what use is a product that is available and people can't even afford it. lately companies, banks are now running on short operating hours, companies are struggling to afford diesel the common man can't even afford kerosine anymore .... the goal of availability as being defeated.
The solution and only solution is "Active REFINERY" ... why is it impossible for nigeria to own a refinery does it make sense to export & import back what we own and why can't the govt tap into the local modular refineries, support & regulate it @least instead of demolishing them. We need to stop fooling ourselves, the road path is clear buh our leaders just prefer bush path

Baba, tnx. Mr. Subsidywise18 over to you. Am not sure where the guy is getting his twisted theories
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by Nobody: 10:58am On Jun 21, 2022
kayperry:




How many times dem wan remove subsidy, in as much as our govt don't want to do the right thing subsidy removal has become a convenient LiE and a perfect excuse to dole at lame minds.
A quick one, kerosine and diesel as being deregulated how far ?? of what use is a product that is available and people can't even afford it. lately companies, banks are now running on short operating hours, companies are struggling to afford diesel the common man can't even afford kerosine anymore .... the goal of availability as being defeated.
The solution and only solution is "Active REFINERY" ... why is it impossible for nigeria to own a refinery does it make sense to export & import back what we own and why can't the govt tap into the local modular refineries, support & regulate it @least instead of demolishing them. We need to stop fooling ourselves, the road path is clear buh our leaders just prefer bush path

And how do you want any refinery to work when you refine fuel at over 300 naira and sell it at 165 naira?

See?

1 Like

Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by CheapHomes1: 10:59am On Jun 21, 2022
[quote author=subsidywise18 post=114009934][/quote]

Why are you running from answering the questions? Cant you defend your fuel subsidy removal theories?

How is subsidy payment not covering the loss adequately?

All this while even before the refineries collapsed, who has govt been paying subsidy to?
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by Nobody: 10:59am On Jun 21, 2022
CheapHomes1 :
i want to buy fuel at 40 naira as my lord buhari prescribed. That is why i voted for him.
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by CheapHomes1: 11:00am On Jun 21, 2022
subsidywise18:


And how do you want any refinery to work when you refine fuel at over 300 naira and sell it at 165 naira?

See?

Incase you missed this, he said "A quick one, kerosine and diesel as being deregulated how far ??"
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by poiZon: 11:01am On Jun 21, 2022
Bomboiy:
APC met it at 95 naira.

If we make another mistake and vote for APC we will suffer terribly. Another 8yrs of APC will send it to 600/litre
87naira bros..
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by CheapHomes1: 11:03am On Jun 21, 2022
[quote author=subsidywise18 post=114009994][/quote]

Let me help you out. In addition to obi and buhari, I also support Tinubu and atiku.

How is subsidy payment not covering the loss adequately?

All this while even before the refineries collapsed, who has govt been paying subsidy to?
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by Nobody: 11:04am On Jun 21, 2022
seborrhic:

Thank you.
I have been saying it,anyone expecting that when Dangote refinery comes on board,fuel would be sold at ₦165 is living in a grand illusion.
Even the ready availability is not guaranteed because issues of supply and distribution would come in.
Fuel would likely sell at ₦250 at the least when DR comes on board.
If Nigerians refuse to buy at that price,the man can easily tell us he is exporting to neighbouring African countries where there is a ready market for his product which at ₦250 or ₦300 would be relatively cheaper than if they import from outside Africa.
Of course the FG will tell NNPC and marketers they can no longer be subsidising imports when the product is at their backyard.
When you are faced with sourcing scarce dollars and importing fuel then at say ₦350-₦400,rather than buy at maybe ₦280-₦300 from Dangote,you wouldn't need to be an intelligent businessman to know which to chose.

Exactly.
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by DONFASZY(m): 11:05am On Jun 21, 2022
No Mercy!

>They met Malt drink at #100 but now it is #250

>They met coca cola at #60 but now it's #200
They met cooking gas @ #150 per KG but today it is #800

>They met a bag of cement@#2000 but now it's #4000.

>They met met toothpaste (close-up) @#180 per one but today is now #450.

>They met matches @ #5 for one sachet bit now is #20.

>They met Pepsi @#50 for a bottle but now is #130

>They met camry 2.4 @ #800,000 but now is #2,700.000

>They met electricity tariff @#7 per a unit but now is #45

>They met a loaf of bread � @#200 but now is #600 for the cheapest.

>They met a litre of fuel ⛽@87 but now is #200

>They met a litre of Diesel @#150 but now is #800

>They met VAT @1% and increased to 7.5%

>They met Federal Universities tuition fees @ less than #20,000 but now is almost #100k

>They met mattress @#50 k for a big size but today is #150k

>They met Kings 4litre vegetable oil �️ @ #2000 but now is #6000

>They met exchange rate (Naira to a dollar)@ #150 but today is#500

>They met bag of rice ���@#8000 but now is#30000

>They met bag of beans @#20000 but today is #100k

>They met children biscuits at #5 per one but today is#20 per one and the quantity is reduced

>They met sweet (milkos, and the rest @ two #5 but now is one#10.

> They met Sardine with 3-4 fiesh @N120 but now it is N500 for 2 piece of fish.

> A 2 bedroom flat in mainland of Lagos that used to go for 180k is now 600k

> Transport on Hiace bus from Lagos to Abuja that used to be 2500-3500 is now 10,500 - 13,000

The damages are too feasible everywhere.
The hunger in land has no part two. The Masses of this country bear the brunch.

Vote peter obi
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by Obierika(m): 11:06am On Jun 21, 2022
Rastaramsey:
This country is gone....

You people will just be shouting "This country is gone" as if you did not contribute to putting the country in this terrible state angry
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by kayperry: 11:06am On Jun 21, 2022
subsidywise18:


And how do you want any refinery to work when you refine fuel at over 300 naira and sell it at 165 naira?

See?



If imported refined Pms + freight & landing cost don't total #300 why should local refinery be overboard.
what are the prime cost attached to local refining that gave you #300. please educate us
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by Splitmind: 11:07am On Jun 21, 2022
HONESTFACT101:
Sai Baba
APC has only one Agenda come 2023 and that is to finish what is left of Nigeria ......signing out✈
Shut up angry
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by Nobody: 11:07am On Jun 21, 2022
DONFASZY:
No Mercy!

>They met Malt drink at #100 but now it is #250

>They met coca cola at #60 but now it's #200
They met cooking gas @ #150 per KG but today it is #800

>They met a bag of cement@#2000 but now it's #4000.

>They met met toothpaste (close-up) @#180 per one but today is now #450.

>They met matches @ #5 for one sachet bit now is #20.

>They met Pepsi @#50 for a bottle but now is #130

>They met camry 2.4 @ #800,000 but now is #2,700.000

>They met electricity tariff @#7 per a unit but now is #45

>They met a loaf of bread � @#200 but now is #600 for the cheapest.

>They met a litre of fuel ⛽@87 but now is #200

>They met a litre of Diesel @#150 but now is #800

>They met VAT @1% and increased to 7.5%

>They met Federal Universities tuition fees @ less than #20,000 but now is almost #100k

>They met mattress @#50 k for a big size but today is #150k

>They met Kings 4litre vegetable oil �️ @ #2000 but now is #6000

>They met exchange rate (Naira to a dollar)@ #150 but today is#500

>They met bag of rice ���@#8000 but now is#30000

>They met bag of beans @#20000 but today is #100k

>They met children biscuits at #5 per one but today is#20 per one and the quantity is reduced

>They met sweet (milkos, and the rest @ two #5 but now is one#10.

> They met Sardine with 3-4 fiesh @N120 but now it is N500 for 2 piece of fish.

> A 2 bedroom flat in mainland of Lagos that used to go for 180k is now 600k

> Transport on Hiace bus from Lagos to Abuja that used to be 2500-3500 is now 10,500 - 13,000

The damages are too feasible everywhere.
The hunger in land has no part two. The Masses of this country bear the brunch.

Vote peter obi

So you want gover ment to subsidise all the above and push our economy into severe deficit and make their mess worse?

If Obi comes in and sets prices back to their old levels the economy would collpase under debt.

Apc is no better and is at fault.

1 Like

Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by olisaEze(m): 11:09am On Jun 21, 2022
harmargedon:
cooking gas is now 900 o!!!!! And it will still go up. What will happen to the poor masses out there?

Since the birds have learnt to fly without perching, the hunter will have to learn to shoot without missing.

We’re Nigerians we’ll survive, that’s what we do best.... surviving while clapping hand for the privileged few that are living off the many! undecided

Pls don’t just collect ur PVC like it’s an inheritance o, come out on Election Day and vote Peter Obi for a future stable economy! grin
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by wpadmin: 11:09am On Jun 21, 2022
Bomboiy:
APC met it at 95 naira.

If we make another mistake and vote for APC we will suffer terribly. Another 8yrs of APC will send it to 600/litre

It is because we want to buy fuel at 50 Naira that is why the government scams us.

The government tells us that the normal price of fuel is 300₦ meanwhile they pay 150₦.

That means for every single litre of fuel that is sold to any soul in Nigeria, the Federal government pays the balance of ₦150.

Nice idea right?

But this is where the government scams us.

They tell us that we consume 3 trillion gallons of fuel per year. Meanwhile we do not consume upto 1 trillion.

So the remaining Money for the trillion gallons is shared amongst themselves.

Government is using Fuel subsidy to scam Nigerians. They should allow economic factors determine the price of Fuel.

1 Like

Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by EdoBoy90(m): 11:10am On Jun 21, 2022
Breaking: Fuel Scarcity: We Can No Longer Sell At N165/litre – The Independent Petroleum Marketers Association of Nigeria (IPMAN).

In peace, Nigerians suffer. In crisis, Nigerians still suffer. Kuwait, UAE/Dubai, and Saudi Arabia are using the crisis in Ukraine to cash out. Oil is booming and we are still suffering in Nigeria. Oil is not booming, we will still suffer. True Leadership is known during crisis not in time of peace. Joseph was known during famine in Egypt. Moses was known during when the Israelites were in captivity.
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by Nobody: 11:10am On Jun 21, 2022
kayperry:




If imported refined Pms + freight & landing cost don't total #300 why should local refinery be overboard.
what are the prime cost attached to local refining that gave you #300. please educate us

That is the landing cost.

It would have been higher if goverment did not cut cost by refining our crude in substandard refineries aborad.

Even if we refine at home it would cost over 200 naira.

165 fuel or 40 naira fuel is not sustainable. You want working refineries then let them refine and sell at a profit.

1 Like

Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by CheapHomes1: 11:13am On Jun 21, 2022
subsidywise18:


So you want gover ment to subsidise all the above and push our economy into severe deficit and make their mess worse?

If Obi comes in and sets prices back to their old levels the economy would collpase under debt.

Apc is no better and is at fault.

Did he say he wants govt to subsidise the prices? If prices of goods (including petroleum products) and services are skyrocketing everyday, what does that tell you? How do you get prices of goods and services to come down?
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by CheapHomes1: 11:14am On Jun 21, 2022
subsidywise18:


That is the landing cost.

It would have been higher if goverment did not cut cost by refining our crude in substandard refineries aborad.

Even if we refine at home it would cost over 200 naira.

165 fuel or 40 naira fuel is not sustainable. You want working refineries then let them refine and sell at a profit.

Look at the question you were asked.

what are the prime cost attached to local refining that gave you #300. please educate us

1 Like

Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by pat077: 11:15am On Jun 21, 2022
seborrhic:

Thank you.
I have been saying it,anyone expecting that when Dangote refinery comes on board,fuel would be sold at ₦165 is living in a grand illusion.
Even the ready availability is not guaranteed because issues of supply and distribution would come in.
Fuel would likely sell at ₦250 at the least when DR comes on board.
If Nigerians refuse to buy at that price,the man can easily tell us he is exporting to neighbouring African countries where there is a ready market for his product which at ₦250 or ₦300 would be relatively cheaper than if they import from outside Africa.
Of course the FG will tell NNPC and marketers they can no longer be subsidising imports when the product is at their backyard.
When you are faced with sourcing scarce dollars and importing fuel then at say ₦350-₦400,rather than buy at maybe ₦280-₦300 from Dangote,you wouldn't need to be an intelligent businessman to know which to chose.
when is dangote refinery coming onboard?
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by hmohammed(m): 11:17am On Jun 21, 2022
Adexxi:
Your father is illiterate angry Are you still buying petrol for #165 in your father's village undecided

Onikure .... Amin

Fuel is sold for 165 in Lagos. I am sorry you live in a village and you probably don't know the price of fuel
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by GustoAfrica: 11:20am On Jun 21, 2022
WOW! How are y'all commuting?

We're a creative media agency. Would you rather work with us?

https://www.instagram.com/gustomediang/?hl=en
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by Rexymania(m): 11:23am On Jun 21, 2022
But this be so strong to determine the MoM of a nation as big as Nigeria with so many ethnicities. Where's the miniter for petroleum? Where's Buhari? Anyway, na all of us go sufffer am, both great and small, PDP or APC. Idiotic people everywhere
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by Owodiran1(m): 11:23am On Jun 21, 2022
Wo you people should just increase whatever you want to increase. Let's buy fuel in peace biko

1 Like

Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by kponkedenge(m): 11:26am On Jun 21, 2022
ayoolataiwo:
We need to remove fuel subsidy,it's really killing our economy while enriching afew greedy,selfish individuals

How many times will they remove it?
Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by kayperry: 11:27am On Jun 21, 2022
subsidywise18:


That is the landing cost.

It would have been higher if goverment did not cut cost by refining our crude in substandard refineries aborad.

Even if we refine at home it would cost over 200 naira.

165 fuel or 40 naira fuel is not sustainable. You want working refineries then let them refine and sell at a profit.



I am talking of local production and you are talking of landing cost ?? ... do even know the numbers of cost attach to importation that local production eliminates.
In nigeria of today about 70%+ of our forex sourcing goes into importation of fuel ... if that stops e do you know the tremedous effect it will have on our economy & national reserves..
Asides booming the economy, you know the number of employment one standard refinery we creat and power generation it will add to national grid.
If pms sells over #200 via our local refineries knowing how much it will boost our economy the sacrifice is worth it than asking nigerians to sacrifice for a deregulation that will only profit another economy. local production is the only feasble & viable option for any sincere govt.

2 Likes

Re: Fuel Scarcity: We Can No Longer Sell At N165/litre – IPMAN by Reference(m): 11:30am On Jun 21, 2022
Nukilia:


Use your sense! GEJ never put any credible structure in place for subsidy removal; the APC criminals rode on the protest to deceive the masses. Peter Obi is also coming to impoverish more people because a sectional president can not lead this country successfully.

A regional prime minister for each 6 geopolitical region will solve this criminal enterprise

GEJ never put any credible structure in place for subsidy removal..... but at least he went the furthermost on this knotty matter, being the most courageous leader so far in taking the boldest step of our time.

the APC criminals rode on the protest to deceive the masses. .... when or if Mr. Tinubu becomes President, the choice of running mate may not turn out to be the biggest albatross he faces but the subsidy question. I just wonder what on earth he will say to Nigerians in convincing them it has to go....after his very public and well publicized actions during the GEJ regime.

It will be a case of damned if he does and damned if he doesn't. I just cannot see his regime being a peaceful and thus progressive one, but one of running battles with unions and activists here and there with the ghosts of social media pursuing him from pillar to post, reminding him of his past 'sins'.

Peter Obi is also coming to impoverish more people because a sectional president can not lead this country successfully...... On the contrary, I think Peter Obi is the best person and in the best position to solve this subsidy quagmire.

For one, his position concerning the matter has been consistent over the years, that it is a total waste.

Secondly, he has never weaponized the sticky wicket for political gain in the past, he has not been in any decision making process for or against subsidy so he will be given the benefit by the public.

Thirdly, his brand of politics is the closest to an ideologically driven one, one of economic conservatism, which will not fit the palette of elitist Nigeria but will win over the poorest of the poor, the biggest resistance to subsidy.

And finally, he has demonstrated in the past that he can generate the revenues to either maintain subsidy if a gun is placed to his head, or build alternate investments to nullify subsidy or build palliative cushions by being a big ticket financial conservator. This is entirely different from the borrow to spend ideology of the present regime or the tax to spend ideology of any potential Tinubu regime as evident in the economy of Lagos state.

So I cannot see where Peter Obi being a sectional leader in the face of such grave national issues comes from, except if obviously you cannot rise above pervading ethnic sentiments.... like most Nigerians.

If we are to look to any one of the leading candidates as a solution to this serious subsidy issue, Mr Obi (based on antecedents) has the best chance of sorting it out least painfully.

1 Like

(1) (2) (3) (4) (5) (Reply)

SDP's Adewole Adebayo Makes Peter Obi Confirm His Source Of Information (Video) / Removal Of A President From Office (impeachment) - Nigerian Constitution / Boko Haram Carries Out First Attack On Niger Republic

(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. 68
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.