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Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays - Politics - Nairaland

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Femi Falana Protesting Fuel Price Increase By Jonathan In 2012 (Throwback Pic) / Eid-El-Maulud: Aisha Yesufu Slams FG For Declaring Public Holiday / Oil Marketers ‘Plot’ Kachikwu's Removal (2) (3) (4)

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Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by Islie: 8:13pm On Jan 03
By Michael Eboh


Oil marketers, Wednesday, jettisoned their clamour for an increase in the price of Premium Motor Spirit, also known as petrol, and instead appealed to the Federal Government to grant them tax holidays and other incentives that would help cut their costs and also ensure that they resume fuel importation.

This was part of agreements reached at the meeting of the ad-hoc committee set up by the Presidency to engage the Federal Government on ways to get oil marketers to restart importation of the commodity and resolve the country’s fuel supply challenges.

A source in the meeting, who does not want to be named, because he was not authorized by the committee to talk on the agreements, also disclosed that it was agreed by all the members that the price of the commodity should not be increased.

He also stated that oil marketers had agreed to adopt cost-cutting strategies, while four sub-committees were inaugurated to help address the challenges of fuel supply across the country.

He said, “There is no planned increase in the fuel price. The minister said that it should not be contemplated. Even, none of us wanted the fuel price to rise. What we talked about is tax holidays and other things in that line.

“Also, all stakeholders have agreed to look inward and improve efficiency so that we can cut down cost and resume our business. Nobody is concerned about any price increment.

“The Minister also inaugurated some sub-committees, about four in number, some of which are logistics and business conduct committee. Some individuals were appointed into all the committees.”

The source said all the agreements reached at the meeting, which was still ongoing as at 5pm Wednesday, would be relayed to the Presidency, hopefully by tomorrow, before they are made public.

The committee was headed by the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, and has as members, heads of some parastatals under the ministry, the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Depot and Petroleum Products Marketers Association of Nigeria, (DAPPMA, Independent Petroleum Marketers Association of Nigeria, IPMAN, and labour officials.

The meeting took place at the office of the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, in Abuja.


https://www.vanguardngr.com/2018/01/fuel-price-oil-marketers-backpedal-begs-fg-tax-holidays/

2 Likes 1 Share

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by Manson1(m): 8:17pm On Jan 03
Only in Nigeria

52 Likes 5 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by davit: 8:21pm On Jan 03
Hmmm

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Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by GavelSlam: 8:35pm On Jan 03
Those that are quick to slate the government the floor is yours.

38 Likes 5 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by LionDeLeo: 8:44pm On Jan 03
Desperately searching for means to maximise profit.

Thought they earlier said the landing cost is not sustainable at the approved pump price.

The problem is now tax.

Rubbish, if you can't import, blady drop your import licence for the numerous willing marketers.

55 Likes 3 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by omenkaLives(m): 8:48pm On Jan 03
I thought some people said the crisis was a plot by Buhari to prevent them from going to visit their relatives in their useless villages..

Smh.

This country would be alot better if we can do away with those elements, Boko Haram and killer herdsmen honestly. There's no difference between the three.

114 Likes 11 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by LionDeLeo: 8:52pm On Jan 03
omenkaLives:
I thought some people said the crises was a plot by Buhari to prevent them from going to visit their relatives in their useless villages..

Smh.

This country would be alot better if we can do away with those elements, Boko Haram and killer herdsmen honestly. There's no difference between the three.

You mean this village? grin grin

64 Likes 3 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by omenkaLives(m): 9:01pm On Jan 03
LionDeLeo:


You mean this village? grin grin
something like that. wink

55 Likes 2 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by frankyychiji(f): 9:08pm On Jan 03
Liondeleo quoting Omekalives when innocent farmers in benue are been slaughtered like chickens in their own land. If only he can invest a little of the energy he spends online hating on IPOB to lead an online protest against the wanton destruction of lives and properties by fulanis and Nig Army and the pythons in his home state, perhaps the dumb president with an acute ear infection would listen. Comic! grin grin grin

See him posting pics of cities with erosion crises whereas his own city of Benue was not only sacked by flood last September but is flooded currently with the blood of innocent men, women and children! Shameful!

These marketers are wasting their time asking for tax holidays and all what. Buhari is hard of hearing , unteachable and not a proactive person.

Not until the citizens begin to roll on their bellies on the street before any of his aides compel him to act!

#BabaGoSlow

80 Likes 6 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by tigerclaws: 9:16pm On Jan 03
omenkaLives:
I thought some people said the crises was a plot by Buhari to prevent them from going to visit their relatives in their useless villages..

Smh.

This country would be alot better if we can do away with those elements, Boko Haram and killer herdsmen honestly. There's no difference between the three.

always talking like a kid
you no dey shame?

70 Likes 3 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by SalamRushdie: 9:19pm On Jan 03
This is just proof that the marketers are doing everything possible to make sure there is fuel but Buhari remain the dull stumbling block ..This is further proof the dullard is 100 percent responsible for the fuel scarcity

17 Likes 4 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by frankyychiji(f): 9:20pm On Jan 03
tigerclaws:
[s][/s]
always talking like a kid
you no dey shame?
You should pity him. Yesterday Fulani herdsmen killed scores in his home state and the people took to the streets to protest today only for the Army to gun them down! He's actually not stable but putting up appearances.

18 Likes 2 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by Firefire(m): 9:26pm On Jan 03
Useless administration of fraudulent ediots...


Shame on the Petroleum Minister...

9 Likes 2 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by denkyw(m): 9:34pm On Jan 03
Buhari has failed

8 Likes 4 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by kstyle2(m): 9:34pm On Jan 03
Na wa. I still don't understand why a nation with abundant oil gets to import it. They say our refineries are not producing at optimal level. Then i ask, what will it take to make these refineries produce at an optimal level? Do we need to purchace state of the art equipment, do we need to retrain workers, do we need to contract it to expatriates who are better equipped in hanfling such dire matters. What ever may be the case, let us do something right for once. We know our problems, we know how to solve these problems but we have vehemently refused to do so due to greed of certain individuals

7 Likes 2 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by veacea: 9:35pm On Jan 03
Wetin dis one mean

1 Like

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by nairavsdollars(f): 9:35pm On Jan 03
AMADIOHA and his friend OGUN strike them with thunder one by one

5 Likes 1 Share

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by GavelSlam: 9:38pm On Jan 03
SalamRushdie:
This is just proof that the marketers are doing everything possible to make sure there is fuel but Buhari remain the dull stumbling block ..This is further proof the dullard is 100 percent responsible for the fuel scarcity

The marketers are not in it for profit but just as a welfare package for the people, not so?

16 Likes 2 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by hezy4real01(m): 9:38pm On Jan 03
You av not beg oooo PMB will deal with u all

5 Likes 1 Share

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by zero8zero(m): 9:40pm On Jan 03
I knew it and Buhari was spot on when he said some enemies of the state deliberately hoard fuel and put us through sufferings. They want tax holiday having blocked their conduit pipe. thieves!

28 Likes 1 Share

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by Enemyofpeace: 9:41pm On Jan 03
Abeg make government give them the tax holiday o,at least all of us go enjoy the holiday like Christmas holiday

1 Like

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by dustmalik: 9:41pm On Jan 03
SalamRushdie:
This is just proof that the marketers are doing everything possible to make sure there is fuel but Buhari remain the dull stumbling block ..This is further proof the dullard is 100 percent responsible for the fuel scarcity
There are times you clearly know that you are saying rubbish, yet you go ahead to say it anyway.

47 Likes 2 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by dustmalik: 9:42pm On Jan 03
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by Naijacost22: 9:42pm On Jan 03
Buhari si a fool. He doesn't want to pay subsidy but want marketers to make losses.
Either he deregulate or pay subsidy no need for long talk. But yet again his a dullard that cant figure this out.

5 Likes

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by OritaIbadan: 9:43pm On Jan 03
omenkaLives:
I thought some people said the crises was a plot by Buhari to prevent them from going to visit their relatives in their useless villages..

Smh.

This country would be alot better if we can do away with those elements, Boko Haram and killer herdsmen honestly. There's no difference between the three.
People like you, ngeneukwuenu, Kanu and other tribalistiic bigot are the reason this country can never move forward. How can you call a whole village useless, the same reason I dislike Kanu method of agitation he went about calling Yorubas cowards making all form of reckless utterance. Omenka people are dieying in Benue state and your god Buhari is doing nothing about it and you are here making fool of yourself are you not ashamed are you happy about the situation of this country. God will judge you and other heartless elements in this nation

14 Likes

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by grandstar(m): 9:43pm On Jan 03
This is an unreasonable request by the marketers.

They had probably noticed Buhari's refusal to accept the reality of deregulation and capitulated to keeping the price at it's unrealistic low level.

For Pete's sake, the landing price is N171/litre at the port. how tthen can it be sold at N146 at the pump.

I know some will say if it is locally refined, that will solve the problem.

Question is- Will NNPC dash them the crude oil to refine??

Obviously not!!!

Dangote said refining it locally will save about 23 naira per litre.

So, let's minus 23 from 171. That still gives us 148 wholesale price from the refinery. Yet the pump price is 146. We have not factored in transport cost from Lagos state to other parts of the country and profit margins have not been included.

Government should simply deregulate the price. Yes, Nigerians will pay higher but supply will be guaranteed like diesel and now kerosene after government deregulated the price.

I don't see how Dangote will cope with a subsidy regime. I suspect he will lots of money to any presidential candidate that will free the price from its' present senseless stranglehold

5 Likes

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by ckmayoca: 9:43pm On Jan 03
tigerclaws:
[s][/s] always talking like a kid you no dey shame?
the guys useless Die

2 Likes

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by ofuonyebi: 9:43pm On Jan 03
this is where buhari out-shines other leaders..

he sticks tokis word & principle....no increase of price of ppms...qed

shame to these shylock marketer for eating their poo & vomit...

all those of you who did not want nigerians to survive or live in peace...God will excuse you all out!

20 Likes 3 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by moffat(m): 9:45pm On Jan 03
Na so Dem dey rush come social media tomorrow Dem go debunked d,news oga lie plz debunked it

2 Likes

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by maclatunji: 9:45pm On Jan 03
Perpetual whiners will not like this.

7 Likes 2 Shares

Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by ckmayoca: 9:45pm On Jan 03
omenkaLives:
I thought some people said the crises was a plot by Buhari to prevent them from going to visit their relatives in their useless villages..

Smh.

This country would be alot better if we can do away with those elements, Boko Haram and killer herdsmen honestly. There's no difference between the three.

I thought you are a father? you don't talk like a responsible one.

3 Likes 1 Share

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