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Nairaland Forum / Nairaland / General / Politics / Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre (10891 Views)
Coronavirus: Petrol Landing Cost Crashes, FG May Save N450bn Billion Subsidy / FG Fails To Pay Whistle-blower Who Exposed Secret $223m NNPC Account / Petrol Landing Cost Now N180 Per Litre, Says Kachikwu (2) (3) (4)
Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by Islie: 6:58am On Jan 22, 2018 |
By Daniel Adugbo https://www.dailytrust.com.ng/crude-oil-nnpc-account-in-red-as-petrol-landing-cost-nears-n180-litre.html lalasticlala 1 Like |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by Atiku2019: 6:59am On Jan 22, 2018 |
Incompetent Government 40 Likes |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by Warship: 7:03am On Jan 22, 2018 |
Since 2015, Bullhari can not build a single refinery. Something that Biafrans achieved under war pressure. 55 Likes 2 Shares |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by aolawale025: 7:04am On Jan 22, 2018 |
NNPC has to be really looked into. What's happening to the 450000 barrels dedicated to domestic consumption. Besides when oil prices were lower where's the surplus 19 Likes 1 Share |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by wristbangle: 7:05am On Jan 22, 2018 |
The fuel queue in Lagos during the weekend is crazy. Its still on till now. We need short term solution to this problem till 2019 when dangote refinery will commence operation. Honestly, why are we like in this country? 1 Like 1 Share |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by onojiwizardgmailcom(m): 7:06am On Jan 22, 2018 |
and the illegality continues 10 Likes 1 Share
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Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by Nwodosis(m): 7:09am On Jan 22, 2018 |
Government of trial and error! |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by 1shortblackboy: 7:10am On Jan 22, 2018 |
Where are d refineries they promised? Oh I forgot it was all a scam. Yahoo - yahoo government na we be d maga 22 Likes |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by cashlurd(m): 7:17am On Jan 22, 2018 |
Disaster is looming. Nigeria will know no peace. Buhari is the worst president in West African history. cHANgE!!! 17 Likes 1 Share |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by Escalze(m): 7:24am On Jan 22, 2018 |
They will now say they have no option but to increase price of PMS and there it goes. 30 Likes |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by Nobody: 7:28am On Jan 22, 2018 |
NNPC account can never be in red. It is like a well where water cannot finish. D subsidy is all shades of wrong tho 4 Likes |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by Nobody: 7:38am On Jan 22, 2018 |
Nigeria makes more money when oil prices are high, now $70 per barrel. Channel the extra money made from oil into importing petrol. Simple! So you make from one side and lose on the other. Silly government! Deregulate the damn thing and let people easily build refineries and others who want to import be allowed to import. You cant have yeye regulations for products you dont even have 23 Likes 3 Shares |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by UncleJudax(m): 7:40am On Jan 22, 2018 |
wristbangle:Hahah. Na slowpokes füll dis Country jare...na Dangote everybody de wait for now? The Leaders truly know how to cage the people. Birds of a feather! 15 Likes 1 Share |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by Yomboy4ever(m): 7:58am On Jan 22, 2018 |
cashlurd: But you and your families will know peace? Pikin wey say him mama no go sleep ni.. 2 Likes |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by LessNoise: 8:33am On Jan 22, 2018 |
The fuel scarcity Na die..... 1 Like 1 Share |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by Nobody: 8:38am On Jan 22, 2018 |
LessNoise:what a welcome development |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by hucienda: 8:44am On Jan 22, 2018 |
What a mess. |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by jayson87: 9:00am On Jan 22, 2018 |
Buhari... Fuel Scarcity is back, you better admit Jonathan couldn't save because he was paying subsidy, so Nigerians can fully accept deregulation of the downstream sector. 15 Likes 1 Share |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by ChangetheChange: 9:02am On Jan 22, 2018 |
Another propaganda to increase fuel price Thunder fire Buhari the petroleum minister 4 Likes |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by Spylord48: 9:41am On Jan 22, 2018 |
.Goodluck Jonathan promised us as many refineries as possible and total turn around of the existing ones during the 2011presidential campaign yet after 4years there is nothing to show for it instead trillions were wasted in enriching few individuals all in the name of subsidy. Buhari came during his own time and promised refineries and modular one yet up till now no modular refineries.The dead woods we have in Ph, kaduna and warri have all turned to scrap with no hope of rehabilitating it... Now everybody is hoping on dangote to complete his refinery this year so that fuel price will drop..Dangote is a business man and anybody expecting the price of petrol to reduce is dreaming because he will like to make money and pay back his creditors. We are in for a serious trouble.The greedy few cabals are already scheming on how to make profit even when dangote refinery will come on board. Our past governments have failed us! The present government is already failing us day by day!!! Will the future government come 2019 fail us too? Time to rise and send this old cargoes and failure into political exile. If we don't act now they will keep failing us and nothing will happen 4 Likes |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by ItsawrapOutfit: 9:45am On Jan 22, 2018 |
It is well |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by lilfreezy: 9:45am On Jan 22, 2018 |
South Westerners have y'all seen the shit hole you guys have put this country through. You guys refused to listen all because you just want a yoruba man as a vice president. Well, I hope you guys are buying petrol @ N60/liter in your zone. You guys will never learn. SMH! 3 Likes 1 Share |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by mrvitalis(m): 9:48am On Jan 22, 2018 |
Deregulate this sector once and for all Even tax it 30% If you can't afford petrol go to the village this is capitalism Enough of this rubbish How much is petrol in Angola ? Gabon ? Ghana ? This are all oil producing too 3 Likes |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by obailala(m): 9:48am On Jan 22, 2018 |
Such a sickening cycle... In 2012 when oil sold for ~$100 and when thr exchange rate was ~N150/$1, non-subsidized fuel sold for N142/litre. Today oil prices have risen to $70, and with the exchange rate at N305/$1 (i.e. double what it was in 2012), it is clear why the current non-subsidized cost of petrol is far far higher than the fixed N145. A responsible government should have seen this coming and planned for it a long time ago. A responsible govt should have done something (other than just celebrating more petro-dollar) when the oil prices began to rise. In planning for this day, a responsible and insightful govt should have taken quick loans and scrambled 4-5 modular refineries (which should have been instantly privatized with the returns used to pay off the loan). But obviously, everyone folded their arms waiting for Dangote to complete his refinery. Now we are all caught out in the rain. 7 Likes 1 Share |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by MaziOmenuko: 9:48am On Jan 22, 2018 |
I said it last 2yrs when they pegged fuel price based on exchange rate. It was a temporary solution to a lingering crisis. We are just running round in cycles. Shey the marketers said they abandoned importation to NNPC alone, is NNPC paying subsidies to themselves? Right now, anything but full deregulation is a waste of resources. 4 Likes 1 Share |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by Bluffly: 9:48am On Jan 22, 2018 |
Atiku2019:No shithole country. Why does it look like a miracle to refine locally? Shithole peeps 2 Likes |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by plainol(m): 9:49am On Jan 22, 2018 |
This is what we experience when we have an unfortunate person leading us. Also something that still baffles me is, this bastards exports crude oil containing ( petrol, diesel, kerosene, bitumen, e.t.c), sells at international price ( in dollars) and import only petrol, deisel, kerosene and still come back to tell us they are not making gains. Are we not doomed as a nation or country? Can't Buhari's government pretend to be responsible for once? 4 Likes 2 Shares |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by three: 9:49am On Jan 22, 2018 |
Tragic |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by Bluffly: 9:50am On Jan 22, 2018 |
nwanna89:Must we even import. |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by RemedyLab: 9:50am On Jan 22, 2018 |
cant we have just one functional refinery? |
Re: Crude Oil: NNPC Account In Red As Petrol Landing Cost Nears N180/litre by bedspread: 9:51am On Jan 22, 2018 |
Dem just de find Excuse to increase petroleum price 2 Likes |
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