Stycon:


Do you mean "we" as in individual consumer unit or "We" as in nation~aggregate demand "Cos the last time I checked the international market for the supply of this finished product is not closed

Ofcourse, I understand that removal of subsidy might tell on the citizen's purchasing power in the long term.

I meant as a country in terms of importation. And where do U think in the world petrol is sold less than $0.50/ltr? dnt forget the true value of $0.50 is approx N135 today.

erico2k2:

I meant as a couple try in terms of importation. And where do U think in the world petrol is sold less than $0.50/ltr? dnt forget the true value of $0.50 is approx N135 today.

Hmmm...http://www.globalpetrolprices.com/gasoline_prices/


So your point is subsidy should not be removed as planned even when it's evident that we may not be able to afford it conveniently any longer without incurring more debt and that some sycophants are using it as a cover to exploit Nigerians

Stycon:



Hmmm...http://www.globalpetrolprices.com/gasoline_prices/


So your point is subsidy should not be removed as planned even when it's evident that we may not be able to afford it conveniently any longer without incurring more debt and that some sycophants are using it as a cover to exploit Nigerians

Nop subsidy should never be removed ed but the corrupt and sharp practices arround should be removed. Subsidy is the only thing the Nigerian go t is giving g the ordinary man on the street for free.What else ha e they subsidised for Nigerians nothing .take a look at ur link the cheapest amongst is heavily subsidised I'm on about venuzuella. .If importers are honest then this su side wo t be an issue..The only way round this is build more refineries. Then stop importation.Even at that we still can't buy at that rate go t can do direct su side by not including vat and other taxes.y would the FG not subscribe to this approach our guess is as good as minew. The CABALS they seem to be stronger than the FG

musKeeto:

The reason for the march wasn't an economic one. GEJ's administration gaffed on the presentation and implementation like it did on so many national issues. The citizens didn't trust the government, and recent revelations about the widespread corruption in his administration have proved us right.
Remember, there was partial shbsidy implementation.What was the money saved used for?

The earlier PDP apologists realise that the Umbrella, and the Broom, are not bigger than Nigeria, the better.

Please spare us the story and just admit that you guys that opposed removal of subsidy under Jonathan really were misinformed.

tswitch:


Like your **** response does not show your low reasoning ability.
Maybe you could learn by getting your information from informed people and reliable sources than those trashy blogs and news media you apparently read.......just maybe.
If you do not understand how well an economically stable Nigeria benefits the common man, it is your problem not mine.
Little wonder **** like you make we all think your generation has nothing to offer.
Pathetic!

And the title of this novel is "THE CRY OF A WAILER".

Stycon:



I'm not contesting that

My concern is the aftermath and the proper investment of these funds in projects that improve lives.

However, I wonder how this product is going to be priced~ are we looking at full deregulation here or government will still give price benchmark, more like getting involved~ "Cos the pricing is another issue

The pricing will be regulated. There will be a maximum price announced monthly. Many countries without Subsidy still regulate price for consumer protection.

erico2k2:

Nop subsidy should never be removed ed but the corrupt and sharp practices arround should be removed. Subsidy is the only thing the Nigerian go t is giving g the ordinary man on the street for free.What else ha e they subsidised for Nigerians nothing .take a look at ur link the cheapest amongst is heavily subsidised I'm on about venuzuella. .If importers are honest then this su side wo t be an issue..The only way round this is build more refineries. Then stop importation.Even at that we still can't buy at that rate go t can do direct su side by not including vat and other taxes.y would the FG not subscribe to this approach our guess is as good as minew. The CABALS they seem to be stronger than the FG

Venezuala economy is bleeding right now. They are d worst hit by d drop in oil price because of thier huge social welfare programs

Subsidy removal without a way of breaking collusion by the oil cartel is surely the FG's dilemma!
For subsidy removal to be effective, the government would need to roll out more NNPC mega stations across the country... You can not talk of full deregulation and still maintain price band for the sale of PMS... as long as the downstream market is oligopolistic in nature, the cartel would either collude on a fixed price or reduce their supply of petrol to maintain their abnormal profits.... irrespective of the fall in price of crude oil in the global market.

TheAlchemist:
Subsidy removal without a way of breaking collusion by the oil cartel is surely the FG's dilemma!
For subsidy removal to be effective, the government would need to roll out more NNPC mega stations across the country... You can not talk of full deregulation and still maintain price band for the sale of PMS... as long as the downstream market is oligopolistic in nature, the cartel would either collude on a fixed price or reduce their supply of petrol to maintain their abnormal profits.... irrespective of the fall in price of crude oil in the global market.

Price can be regulated if subsidy is removed. As long as d price allow for profit for d marketers there wont be any issue. Price has been fixed in many countries without subsidy. Is working there. It can work here. What we need is quaterly price review. This is done in canada and other countries.
http://www.consumerscouncil.com/index.cfm?id=13904

Subsidy has since been removed in Rivers State where we buy petrol without queing between 125 and 130 naira a litre.

otokx:
Subsidy has since been removed in Rivers State where we buy petrol without queing between 125 and 130 naira a litre.

I live in river state. Some even sell at 150 naira. Apart from Total, Mobil, Oando etc who sell at 86.5 naira, all d small unknown stations sell btw 120 and 150. I belive by first week of february the price will go down. By then d major marketers will have alot of fuel.

[size=26pt] Meanwhile Boooooohari is holding on to subsidy like it is his birthright and still recalling deeds of 1983. dullarpo! Move on already, times have changed![/size]

repogirl:
[size=26pt] Meanwhile Boooooohari is holding on to subsidy like it is his birthright and still recalling deeds of 1983. dullarpo! Move on already, times have changed![/size]

Hopefully he will.

UAE has already removed petroleum subsidies since last year.

Fuel pump prices has been as per market prices since September 2015 and the cost per litre of fuel has been dropping every month because of the current low market price of Crude Oil.

eromspete:
UAE has already removed petroleum subsidies since last year.

Fuel pump prices has been as per market prices since September 2015 and the cost per litre of fuel has been dropping every month because of the current low market price of Crude Oil.

They did it 5months ago in August 2015.
Saudi Arabia hike fuel price just last month.
Even Nigeria has technically remove subsidy too.

The aim of d post is to make many Nigerians aware of d happenings in other countries producing even more oil than Nigeria.

It helps to reduce d delusion many Nigerians have about our strenght through oil. To let them know we are not as strong as we think we are in d oil market.

True.. But will the forces and powers in Nigeria be transparent enough to allow full removal of subsidy and 95% capacity of the refinery to operate?.

tuale4u:


They did it 5months ago in August 2015.
Saudi Arabia hike fuel price just last month.
Even Nigeria has technically remove subsidy too.

The aim of d post is to make many Nigerians aware of d happenings in other countries producing even more oil than Nigeria.

It helps to reduce d delusion many Nigerians have about our strength through oil. To let them know we are not as strong as we think we are in d oil market.

Some oloriburukus are watching! to occupy your territory.

Toosure70:
Nigeria what are you doing?

Nigeria is playing Apele

eromspete:
True.. But will the forces and powers in Nigeria be transparent enough to allow full removal of subsidy and 95% capacity of the refinery to operate?.

Let hope so. And build more refinery. Even with 100% capacity we still need to import about 20million litres daily.

tuale4u:


The pricing will be regulated. There will be a maximum price announced monthly. Many countries without Subsidy still regulate price for consumer protection.

Like what countries?the US?UK??

tuale4u:


Venezuala economy is bleeding right now. They are d worst hit by d drop in oil price because of thier huge social welfare programs

You call taking care of social responsibility bleeping?seriously?what social responsibility does the govt of Nigeria take care of?the only one I can think of is fuel subsidy. What else does the govt provide for Nigerians for free?in venuzuella everybody is a petrol exporter lol

eromspete:
UAE has already removed petroleum subsidies since last year.

Fuel pump prices has been as per market prices since September 2015 and the cost per litre of fuel has been dropping every month because of the current low market price of Crude Oil.

Could yoy PLz tell us the current t price of petrol in Saudi?do U think it will ever be cheaper than the cost of production, ?if it does is that not subsidy?

tuale4u:



I live in river state. Some even sell at 150 naira. Apart from Total, Mobil, Oando etc who sell at 86.5 naira, all d small unknown stations sell btw 120 and 150. I belive by first week of february the price will go down. By then d major marketers will have alot of fuel.

I'm in Rivers t the moment. Those 86.5 selling filling station are filled up with people who Aint busy.I wo t have the time to queue. 2-3 hrs?nahh

Life is perfect. Govt standardising fuel price to global oil price. Why is govt not standardising minimum wage with global salaries. We will survive weather govt likes it or not. Their children will also live to endure and enjoy what their fathers left behind

bidemi12:
Pray tell, how did you arrive at that bold statement?

Do you have any contrary information to the one advanced?
---
According to PPPRA, the current landing cost of PMS is lower than N80/ltr, so the recommended OMP (open market price) of N86 has no subsidy input. In fact, I understand there is a negative subsidy of around N1.50, since the ex-depot price is about N84.50.

Bevista:
Do you have any contrary information to the one advanced?
---
According to PPPRA, the current landing cost of PMS is lower than N80/ltr, so the recommended OMP (open market price) of N86 has no subsidy input. In fact, I understand there is a negative subsidy of around N1.50, since the ex-depot price is about N84.50.

Guy can't we all be wise.you are believing those bul shyte from those oleh.tell me the name of the country where it was landed from @N80/ltr. Then go and check how much the pump price is minus VAT of that country. The internet is there.

Bevista:
Do you have any contrary information to the one advanced?
---
According to PPPRA, the current landing cost of PMS is lower than N80/ltr, so the recommended OMP (open market price) of N86 has no subsidy input. In fact, I understand there is a negative subsidy of around N1.50, since the ex-depot price is about N84.50.

You are missing the point on why subsidy removal is important. Once it is removed, market forces come into play and once that happens, there is no way to know how much prices at the pumps would be. Absolutely no way.

---

bidemi12:
You are missing the point on why subsidy removal is important. Once it is removed, market forces come into play and once that happens, there is no way to know how much prices at the pumps would be. Absolutely no way.

Subsidy removal does not automatically translate to price deregulation.
---
The government will still regulate prices and adjust it based on the landing and ex-depot price of the product. Prices will not be left completely to market forces.

erico2k2:
Guy can't we all be wise.you are believing those bul shyte from those oleh.tell me the name of the country where it was landed from @N80/ltr. Then go and check how much the pump price is minus VAT of that country. The internet is there.

Maybe you can use the Internet to educate me. The PPPRA has been updating it template for years now, which normally reflects the price of crude oil, why are we doubting them now?

Bevista:
Subsidy removal does not automatically translate to price deregulation.
---
The government will still regulate prices and adjust it based on the landing and ex-depot price of the product. Prices will not be left completely to market forces.

Then what's the point? Who pays for the end price. The Government? The consumer?

Toosure70:
Nigeria what are you doing?

the issue wasnt trust! nigerians did not want to pay market prices and buhari anyway is not ready to deregulate the price! expect the jerry can economy for years. buhari understanding of econs is lamentable