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Nairaland Forum / Nairaland / General / Politics / Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC (17003 Views)
Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari / Confusion As Subsidy Returns, NNPC Pays N5.4bn As Under Recovery In 2018 / Fuel Will Continue To Sell For N145 Per Litre-NNPC (2) (3) (4)
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Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by midolian(m): 5:31pm On Dec 24, 2018 |
…Says current fuel stock to last till after 2019 elections https://www.vanguardngr.com/2018/12/under-recovery-fuel-subsidy-drops-to-n20-per-litre-nnpc/ 2 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by youngsahito(m): 5:59pm On Dec 24, 2018 |
repair our refineries and stop giving us subsidy headache...I tire for this govt. 22 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by sholatech(m): 6:12pm On Dec 24, 2018 |
Simple logic. International Price of Crude Oil dropped and thus landing cost of petrol reduced. 35 Likes 4 Shares |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by moderatedguy: 6:22pm On Dec 24, 2018 |
sholatech:No mind d buffoons 11 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by codedguy1(m): 6:40pm On Dec 24, 2018 |
Na their zombies dem go fit deceive. Useless scammers. 38 Likes 3 Shares |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by jmaine: 6:41pm On Dec 24, 2018 |
What is under recovery? Yeye people.. 23 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by ignant: 6:41pm On Dec 24, 2018 |
Until two weeks ago, these animals adamantly maintained that they are not paying fuel subsidy, rather "under recovery", which they claimed is not subsidy. Until two weeks ago, Osibanjo in his typical criminal falsehood had always maintained since 2016 that Nigeria had stopped fuel subsidy and that billions had been saved. This government is paying 200%-250% fuel subsidy for a product that costs 30% less. The disturbing problem with this criminality is that since 2016, fuel subsidy payments have been done without appraisal, audit and approval by the national assembly via appropriation. What this simply means is that this government has been spending hundreds of billions on fuel subsidy without statutory approval by the national assembly. The implication of this criminality would have been alarming to any other nation, but no, Nigeria is just a shameful product of British criminality. 60 Likes 7 Shares |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by ednut1(m): 8:44pm On Dec 24, 2018 |
But subsidy is a scam na. If diesel is 260 how would PMS be 165. Mr Baru u too dey lie. Since buhari came in private coys (that would provide jobs) have not imported fuel and laid off most of their staff cos of Buhari/NNPC scam subsidy 14 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by obembet(f): 8:45pm On Dec 24, 2018 |
1759King: obaataaokpaewu: ifymadu: FroshD: Samsimple: codedguy1: Headliners. God bless Nigeria God go punish APC and PDP. God go punish buhari and atiku. 4 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by Samsimple(m): 8:45pm On Dec 24, 2018 |
buhari buhari I don tire for yo... 9 Likes 1 Share
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Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by FroshD: 8:45pm On Dec 24, 2018 |
Which way naija,, we take one step forward, then 10 steps backward Wetin we go come believe?? 7 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by ifymadu: 8:47pm On Dec 24, 2018 |
The same people that once said subsidy was a fraud that the previous administration was not subsidizing nothing. They came, increased pump price of fuel in the name of removing some imaginary subsidy and yet still paying 20 naira per liter as subsidy. All these points to the fact that politicians tell all manner of lies to discredit the sitting government just to win the hearts of the electorate. All APC campaign promises in 2015 were founded on lies, they s as I'd fuel will be sold at 45 naira if elected, power will be restored in a year, naira to a dollar will be less than 50 naira, creation of jobs, school feeding, welfare payments to the unemployed, etc. All were lies from the pit of hell to get votes. APC and PDP are two sides of the same coins, we as re in a country where people sleep in one party at night and wake up in another party the next morning. More than 70% of those in APC today were the same people that looted Nigeria dry in PDP a few years ago and they all have the gods yo blame PDP for our problems. 11 Likes 1 Share |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by sanerugwei: 8:47pm On Dec 24, 2018 |
scammer modified... I wanted to say scammers because they a legion... govt of deceit, lies and propaganda plus mouth action 5 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by obaataaokpaewu: 8:47pm On Dec 24, 2018 |
This was because when price of crude oil rises, the under-recovery on product price also rises. I need someone to educate me on the emboldened, when price of crude oil rose up-to $100+, price of PMS was below #100 but now the price of crude oil is below $100, the price of PMS is #145. And I read that the price of subsidy (under recovery) keeps going up every year/budget. Is it that the current admin is importing more volumes of PMS compared to the previous admin or what? Isn't that an indictment on/of the current Minister of Petroleum? 6 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by gbaskiboy: 8:47pm On Dec 24, 2018 |
Evil men ruling us, Can't they see China, Korea, Russia, US, Britain and other nations, do they ever talk about subsidy? shameless people, blood sucking evil, it will never be well with your entire generations 4 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by basilo101: 8:47pm On Dec 24, 2018 |
I thought subsidy does not exist according to buhari 4 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by 1759King: 8:47pm On Dec 24, 2018 |
Comedic government 4 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by Parada: 8:47pm On Dec 24, 2018 |
obaataaokpaewu: This happens because as an Igbo PDP fraudster your brain as been wired not to believe the truth. How much subsidy did Buhari pay in his first year when crude prices were as low as $30/barrel ? Was subsidy paid or money was being generated ? The answer is why many of you Igbos hate the truth because your soul is sold to the devil n you’d rather make hopelessly foolish comment to disparage the Buhari led government. 4 Likes 2 Shares |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by kings09(m): 8:48pm On Dec 24, 2018 |
Zombies sha de find consolation achievement 2 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by gbaskiboy: 8:49pm On Dec 24, 2018 |
obaataaokpaewu:goan edit your post and book space no more |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by alsudaes1(m): 8:49pm On Dec 24, 2018 |
What's up with the refineries (and modular refineries)? 3 Likes 1 Share |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by arabbunkum: 8:49pm On Dec 24, 2018 |
What is fuel subsidy? |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by Zico5(m): 8:49pm On Dec 24, 2018 |
With what I'm reading here only the ungrateful heart will fail to appreciate GEJ. If increasing the price of fuel to 145 naira could not sustain the price of fuel then kudos should be directed to him for maintaining the price at 87 naira with no complaints from his government. We are all watching Apc, 3 years have gone already and blame game is still on. let's see how far they can go in few months to come 10 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by Kclique: 8:51pm On Dec 24, 2018 |
Pay marketers/importers. 1 Like 1 Share |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by KingThreatzz: 8:52pm On Dec 24, 2018 |
youngsahito: which government ever repaired your refineries? 1 Like |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by Smhaykins(m): 8:52pm On Dec 24, 2018 |
ignant: |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by Kclique: 8:53pm On Dec 24, 2018 |
arabbunkum:Part-payment of the cost of locally consumed fuel that Buhari and APC Govt. deceived Nigerians that they have stopped paying. 3 Likes |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by manutdrichie(m): 8:54pm On Dec 24, 2018 |
d |
Re: Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC by olajide8(m): 8:54pm On Dec 24, 2018 |
youngsahito: It can't be repaired- they should just build new smaller refineries - that are more cost efficient 1 Like 1 Share |
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