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Nairaland Forum / Nairaland / General / Politics / Why We Can’t Sell Petrol At 125/litre – Marketers (58332 Views)
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Re: Why We Can’t Sell Petrol At 125/litre – Marketers by WATCHOVER(m): 10:08pm On Mar 19, 2020 |
helinues:My friend please stop blaming marketers if it is you, will you reduce the price to short yourself because of one flimsy excuses. The president is not serious, especially when he said the price reduction is to make Nigerians smile, as if is a bonanza. #125 price tag is wicked especially with the current price of crude oil. Before reduction why not meet with the marketers ever since. Abeg the list is endless the presidency stvipid 6 Likes 1 Share |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by foolbuster: 11:52pm On Mar 19, 2020 |
TylerDurden: Please can you explain this thing well sir. I really want to understand. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by ijustdey: 7:59am On Mar 20, 2020 |
cc lalasticlala |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by TylerDurden: 8:09am On Mar 20, 2020 |
foolbuster: NNPC gets FOREX rebates from CBN to import fuel or in some instances swaps crude for refined petroleum products. The marketers do not have this leverage. This has led to the situation that only NNPC imports fuel which they supply to the marketers. NNPC also claimed they are subsiding fuel imports to maintain the pump price of 143per liter They call this under recovery and it is entered as an operational cost or loss in supplying fuel. Rather than use the fall in oil price to recover from their losses, NNPC is now reducing fuel cost to continue the subsidy arrangement which stands at well over a trillion naira annually. This is why independent marketers can not import and sell at 125 naira proposed slash. 6 Likes 1 Share |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by foolbuster: 8:18am On Mar 20, 2020 |
TylerDurden: Thanks for this. 2 Likes |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by TylerDurden: 8:48am On Mar 20, 2020 |
foolbuster: The NNPC even said they will be incurring further losses Despite the obvious cost implication of this immediate adjustment to the corporation , NNPC is delighted to effect this massive reduction of N 20 / litre for the benefit of all Nigerians .” Who will bear the cost for the marketers if they choose to import directly themselves. The NNPC just increased the subsidy regime and by the time full devaluation of the naira is carried out by the CBN, the subsidy regime will be very large as landing cost can get to as much as 250-350 per liter in a likely scenario the naira drops to between 400 -450 to a dollar. 2 Likes 1 Share |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by supereagle(m): 2:55pm On Mar 20, 2020 |
If it is increase, they would have adjusted their meter overnight. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by SaintLucia: 2:56pm On Mar 20, 2020 |
But you people will quickly sell at #200 assuming the government increase the price. Nigerians the enemies of Nigerians. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by israel90: 2:56pm On Mar 20, 2020 |
Nigeria a country that doesn't keep law |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Felix6: 2:56pm On Mar 20, 2020 |
I bought 125, yesterday oh, don't know what you guys are saying. 1 Like |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by tiredoflife(m): 2:57pm On Mar 20, 2020 |
1 Like |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Perfecttouchade: 2:58pm On Mar 20, 2020 |
Ogun state still selling 145naira |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Nobody: 2:58pm On Mar 20, 2020 |
Look at these selfish, greedy and self centred ingrates. Nigerians are part of our problem. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by NaijadrivaCars: 3:00pm On Mar 20, 2020 |
Speaking as a capitalist, the Marketers are right. The issue is when will they agree that they have run out of the old stock. 2 Likes |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Nobody: 3:00pm On Mar 20, 2020 |
WATCHOVER:But if it is an increase they will gladly increase it. I can't wait for oil to finish these selfish thrives will understand the suffering of the masses. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by ajebuter(f): 3:00pm On Mar 20, 2020 |
But if government increases the price.. You wont wait to finish selling the old stock before you revert to new increase in price.. Awon werey.. Anyway, I am kukuma not going to work since we are already on lockdown . No weekly fueling of car until further notice.. Ntooh to petroleum marketers! 2 Likes |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by keleman992000(m): 3:01pm On Mar 20, 2020 |
Nonsense people assuming it is the other was round now. it would have been implemented sharp sharp. Ndi Araaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Ghostmode2two(m): 3:01pm On Mar 20, 2020 |
These people are just very wicked. if it was an upward review of the pump price, they would have adjusted their machines without excuses. Wicked souls and hopeless capitalists 2 Likes |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by hidhrhis(m): 3:01pm On Mar 20, 2020 |
I loaded my tank @ 125 today 1 Like |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Nobody: 3:04pm On Mar 20, 2020 |
Useless people |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Orpe7(m): 3:04pm On Mar 20, 2020 |
ursullalinda: Probably bought fuel that's not complete Try buying 5litres in a 5litre jerrycan |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by omlueh(m): 3:04pm On Mar 20, 2020 |
We can all see how callous and inhuman man inhumanity to man is, like my good brothers and sisters, mummy's and daddy's in the forum have rightly said, if it were to be an increment in the pump price, instant adjustment would have been made, it is well, GOD is watching. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by segebase(m): 3:04pm On Mar 20, 2020 |
Mutha fvker
|
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Nobody: 3:05pm On Mar 20, 2020 |
Public information: Any beautiful lady that has coronavirus, I have offered my apartment free for her to be quarantined with me. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Mires: 3:06pm On Mar 20, 2020 |
We Nigerians are our problem. One can see reason with the marketers in relation to the lost of N20 per litre on their stock. However, if it was upward review of price, the moment it was announced, the marketers will applaud and effect it despite having stock. Nigerians are very wicked. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by KingMicky3286: 3:06pm On Mar 20, 2020 |
This News are for those who have cars and Motorcycles. Bicycles dont use petrol Islie: |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Reference(m): 3:06pm On Mar 20, 2020 |
Indeed. They will have old stock for the next ten years. Criminals. This is where deregulation works. You get swift response both ways simply due to competition. Goverment should not only deregulate but liberalise the petroleum industry. 1 Like |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Em5(m): 3:07pm On Mar 20, 2020 |
In time of scarcity do you consult anybody or ask questions b4 jacking up Ur prices? |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by valentineuwakwe(m): 3:07pm On Mar 20, 2020 |
Rubbish explanation. ...if it was an upward review of price, will they be talking of old stock...sharp sharp they would have adjusted the price...why is it so hard for the black man to help his fellow even in this era of CORONAVIRUS! 1 Like |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by michoim(m): 3:08pm On Mar 20, 2020 |
But if the fuel price is increased they won't be talking of remitting excess price of their old stocks...cheats |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Arturitoroman: 3:08pm On Mar 20, 2020 |
Just imagine We are the cause of our problem |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by olexjay(m): 3:09pm On Mar 20, 2020 |
But if the price inflated and rises up the marketers won't confirm the news before adjustung their price in the pump |
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