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We Can No Longer Import, Sell Fuel At N145/litre — Marketers - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / We Can No Longer Import, Sell Fuel At N145/litre — Marketers (25927 Views)

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Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Nobody: 7:20am On Dec 24, 2017
HtwoOw:


Please don't be stupid, how much was lost to subsidy scam compared to the benefits Nigerians got? Upon all the subsidy there was still scarcity and queues and they even pushed for more


Subsidy was abused and should never be allowed again, period

At $59/barrel marketers are shutting down, imagine at $100/barrel meanwhile dollar was maintained at 150 - 180, reserve was at $30bn, excess crude was as $32b... please please.. am in enough stress already..

7 Likes

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by kross01(m): 7:20am On Dec 24, 2017
HtwoOw:



I wonder if you people's brains always leave you when you comment, Buhari ran a successful government for 2 years plus but nothing you people won't complain about


FYI there's been no subsidy for over a year and fuel was supplied at govt approved price , do not confuse greed with anything else


Other than allow these PDP fuckkkkers to hold Nigeria to hostage, it's better to merge marketers into 5 or more, anybody who can't cope with imports should be eliminated from the formula, Banks were merged and we got better service, I totally oppose paying subsidy because that'll be going back to the vomit we all complained about

Its better you go look for someone who is in the know to give you a detailed explanation of what is happening rather than hold on to the government's unending propaganda. For more than a year now, no marketer has been involved in importing PMS, reason - the landing cost was more than the government's approved ex-depot price(not to even talk of pump price). The cause of this is the high exchange rate and the gradual increase in crude prices. Now what most of them do is to buy invoices from NNPC and then load off NNPC imported cargoes and then retail. Now put it anyhow you like, there is still some form of subsidy being paif by the government on pms imports as NNPC either brings in these pms via their crude swap deals or theg access special rates from cbn to be able to meet the approved price. What the marketers has always insisted is simple, its either you allow us access forex at special rates via cbn or you take care of the difference between landing cost and the amount you want us retailing. That way we can join nnpc to import. Only time will tell what the government will do.

15 Likes 2 Shares

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Nobody: 7:21am On Dec 24, 2017
HtwoOw:


Please don't be stupid, how much was lost to subsidy scam compared to the benefits Nigerians got? Upon all the subsidy there was still scarcity and queues and they even pushed for more


Subsidy was abused and should never be allowed again, period
You're rolling in subsidy right now!

5 Likes

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Nobody: 7:25am On Dec 24, 2017
Why is the scarcity always coming during December and yuletide.

Why not during other months of the year and celebration?

This government have nothing to offer. They are simply clueless. Why have they refuse to plan so that there won't be scarcity of fuel knowing very well that people travel more during this season.

Only God will judge everybody that brought us to this level.

5 Likes 1 Share

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Nobody: 7:26am On Dec 24, 2017
HtwoOw:



I wonder if you people's brains always leave you when you comment, Buhari ran a successful government for 2 years plus but nothing you people won't complain about


FYI there's been no subsidy for over a year and fuel was supplied at govt approved price , do not confuse greed with anything else


Other than allow these PDP fuckkkkers to hold Nigeria to hostage, it's better to merge marketers into 5 or more, anybody who can't cope with imports should be eliminated from the formula, Banks were merged and we got better service, I totally oppose paying subsidy because that'll be going back to the vomit we all complained about

Lol
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by femo122: 7:26am On Dec 24, 2017
Wicked people

4 Likes

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by pazienza(m): 7:43am On Dec 24, 2017
No rest for Nigerians.
If world crude oil price goes down, they suffer in the hands of the government, in the name of dwindling national income from crude oil sales.

If world crude oil prices go up, they suffer again in the name of increasing price for petrol importation by the fuel marketers in connivance with the government.

Truly no peace for Nigerians.

Suffer Suffer.

25 Likes 2 Shares

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by ajepako(f): 7:51am On Dec 24, 2017
BeeBeeOoh:
When Buhari and APC are done with us, our neck's will be long like that of Tolotolo..





cc Anonimi

Tolototo ke

Abi ogongo (ostrich)

Anyhow Buhari does it we shall survive and his zombies shall suffer for their idiocy

3 Likes 1 Share

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by tuoyoojo(m): 7:52am On Dec 24, 2017
the official explanation they always give is that if they increase pump price of pms, the products would be readily available

right from when Fuel sold for just 70k till now the same reason given

they may likely increase it to about 200 naira per litre but I assure u, by this time next year, they would be clamouring for another increase

this cycle would not end soon

5 Likes

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by otokx(m): 8:08am On Dec 24, 2017
We need more suffering in Nigeria to wake us up from our slumber.

This guy says pump price should be 170 but major marketers in PH are selling at 200.

2 Likes

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Nobody: 8:21am On Dec 24, 2017
badebillions:

It will definitely be increased. Nothing will happen... Gavelslam and co will still keep singing Buhari's praises!
believe me something will happen. Buhari has failed.

1 Like

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by BeeBeeOoh(m): 8:31am On Dec 24, 2017
ajepako:


Tolototo ke

Abi ogongo (ostrich)

Anyhow Buhari does it we shall survive and his zombies shall suffer for their idiocy
AMEN!!

4 Likes

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by xreal: 8:36am On Dec 24, 2017
matrix199:
The UN should close down this country. It has failed woefully.


We're like a mermaid dying of thirst in her kingdom. How can we be an oil producing nation and still be an oil deficient nation? That's a paradox.


Here's how daft the immediate and the past leaderships of this country are...

They sell a barrel of crude oil(159litres of 6 constituent oil) @ $59/N17,000 per barrel)

They later buy a barrel of 1st constituent of the crude, which is PMS, (1 barrel @ $55) + a barrel of 2nd constituent of the crude, which is kerosene, (1 barrel @ $57) + a barrel of 3rd constituent of the crude, which is diesel, (1 barrel at $70), then sum up all they spend importing what they exported @ $59, that would give $182.

They earn $59 per barrel exporting crude oil. They spend $182 importing a barrel of petrol, a barrel of kerosene, and a barrel of diesel.


A mermaid sells her fresh fish at N100. She later buys it back as fried fish at N200.

Isn't she a daft mermaid?

[img]https://media1./images/0bf3ff8a7b30da808a14e862b5fc9511/tenor.gif?itemid=4044807[/img]

2 Likes 1 Share

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by alpamo6: 8:39am On Dec 24, 2017
I feel enraged reading this. Which way Nigeria?

1 Like

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Brugo(m): 8:41am On Dec 24, 2017
It is funny that detractors can believe that a Nigerian business man will import fuel and sell at a loss consistently for months! Is it charity? Please tell us another story. This one is suspect.

Truth is marketers want to rake in obscene profit and are muscling the public to "pay up".

4 Likes 1 Share

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by adebayo3449(m): 8:41am On Dec 24, 2017
We are in ""yoyo"
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by waveman2: 8:42am On Dec 24, 2017
They actually Don, t know how to reason. Ask prof Soyinka.


Esseite:
Where are all the subsidy is a scam folks...

Where are all the "a barrel sold for $100"... now its selling for $59 and we are already screaming.. without knowing the higher it goes the more we pay for refined crude.

At last.. jonathan has been vindicated on subsidy. He claimed to pay an approx of $400m monthly. If he had punished the masses like we are now and saved that money in our treasury.. we would be hitting $80bn, but he had a sympathetic and empatetic heart.

2 Likes

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by tempest01(m): 8:48am On Dec 24, 2017
Our refineries should be working...

Why is Nigeria like this?

The only thing that works is what brings money to the center to be shared.

3 Likes

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Akeem1759(m): 8:48am On Dec 24, 2017
Shey our Refinery no fit work forever and ever again nii, this thing baffles me a lot ooo, I no understand this Country again ooo.. haa

4 Likes

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by StankovicEgeni(m): 8:49am On Dec 24, 2017
I just can't explain what is wrong with the civil society groups , the labor unions and activists . What stops us from rehabilitating at least one of our refineries ? why do we derive pleasure in punishing ourselves ? from the dust we came , to it we'd return .

4 Likes

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Nobody: 8:50am On Dec 24, 2017
matrix199:
The UN should close down this country. It has failed woefully.


We're like a mermaid dying of thirst in her kingdom. How can we be an oil producing nation and still be an oil deficient nation? That's a paradox.


Here's how daft the immediate and the past leaderships of this country are...

They sell a barrel of crude oil(159litres of 6 constituent oil) @ $59/N17,000 per barrel)

They later buy a barrel of 1st constituent of the crude, which is PMS, (1 barrel @ $55) + a barrel of 2nd constituent of the crude, which is kerosene, (1 barrel @ $57) + a barrel of 3rd constituent of the crude, which is diesel, (1 barrel at $70), then sum up all they spend importing what they exported @ $59, that would give $182.

They earn $59 per barrel exporting crude oil. They spend $182 importing a barrel of petrol, a barrel of kerosene, and a barrel of diesel.


A mermaid sells her fresh fish at N100. She later buys it back as fried fish at N200.

Isn't she a daft mermaid?

I am weeping as I read this

5 Likes

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by tolexy123: 8:52am On Dec 24, 2017
So, increase in crude oil price we'v been praying for now nà crime? This peeepu sef undecided

4 Likes

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by otokx(m): 8:53am On Dec 24, 2017
StankovicEgeni:
I just can't explain what is wrong with the civil society groups , the labor unions and activists . What stops us from rehabilitating at least one of our refineries ? why do we derive pleasure in punishing ourselves ? from the dust we came , to it we'd return .

Those refineries are beyond redemption.

1 Like

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by haibe(m): 8:57am On Dec 24, 2017
ivandragon:
if at $59 pb, the landing cost of fuel is N145-N170, imagine the nightmares GEJ was going through when crude was between $80-$90 pb to keep fuel at N97-N87 & still maintain an exchange rate of N150-N180 - $1 for over 3 years...


pmb's major albatross is his previous utterances - the lies & deceit...


it is now very obvious that GEJ was actually spending between $15b-$20b yearly on subsidy.
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Josephamstrong1(m): 8:58am On Dec 24, 2017
"The Day of the Jackal"
How I wish this movie can be repeated on our polithiefians.
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Ahmeduana(m): 8:58am On Dec 24, 2017
I THOUGHT IS ONLY NNPC THAT IMPORTS FUEL INTO THE COUNTRY?
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Niyisun: 9:02am On Dec 24, 2017
Fix our refineries. We cannot have total control over the price of oil that we don't refine. This govt needs to be more proactive in their actions. This problems is not unforeseeable. It is elementary that we can't expect the pump price to remain thesame when the exchange rate and the landing costs have increased. APC do something
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by hayzed27(m): 9:02am On Dec 24, 2017
dey will b wailing upandan wen dey say its time for protest dey ll run go exile, naija dats foundation base on corruption only strong heart like PMB can get us out of dis but som pple dnt knw wia suffer nw for incomin generation nt to suffer b wailing like dis yet u keep shouting PMB UPANDAN dis wailing must stop in dis 2017.
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by surgical: 9:02am On Dec 24, 2017
omowolewa:
So government economic team didn't see this coming? Nawa for them
Those are spent forces with no clue, they are our 12th eleven, you need a 1st eleven in this kind of situation, may God help us.

4 Likes

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Ovamboland(m): 9:04am On Dec 24, 2017
matrix199:
The UN should close down this country. It has failed woefully.


We're like a mermaid dying of thirst in her kingdom. How can we be an oil producing nation and still be an oil deficient nation? That's a paradox.


Here's how daft the immediate and the past leaderships of this country are...

They sell a barrel of crude oil(159litres of 6 constituent oil) @ $59/N17,000 per barrel)

They later buy a barrel of 1st constituent of the crude, which is PMS, (1 barrel @ $55) + a barrel of 2nd constituent of the crude, which is kerosene, (1 barrel @ $57) + a barrel of 3rd constituent of the crude, which is diesel, (1 barrel at $70), then sum up all they spend importing what they exported @ $59, that would give $182.

They earn $59 per barrel exporting crude oil. They spend $182 importing a barrel of petrol, a barrel of kerosene, and a barrel of diesel.


A mermaid sells her fresh fish at N100. She later buys it back as fried fish at N200.

Isn't she a daft mermaid?

This your calculations get k-leg sha

you mean you will get 3barrels of products from one barrel of crude. That's not how it works in reality but I get your point

2 Likes

Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by ivandragon: 9:04am On Dec 24, 2017
haibe:


I think u are mixing things up. We don't import crude oil, we import refined oil. The landing cost of $59 is for refined oil; so you aren't comparing like with like


go back, read the article & then come back here to erase your comment because it doesn't correlate.


but to help you, the price of crude oil, which is the raw material for PMS (& other associated products) DIRECTLY affects the price of PMS...


& to show that you were simply rushing to comment, you say the landing cost of 'refined oil' is $59, please, always read before commenting... $59 is the price of crude oil in the international market...


if the landing cost of 'refined oil' is $59, then price of PMS would be about N1,500 p/l...

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