PHijo:


Read this article; at least this NdiIgbo man is better informed on this issue than you are.

I wonder why you will spew trash on something you know nothing about.

https://saharareporters.com/2019/06/11/billions-naira-meant-petrol-price-equalisation-unaccounted

Olunmercy56:


Amen and you too

ursullalinda:
I bought #125 today oh... wonder where these ones are speaking from......I stay in Lagos too.

TylerDurden:


Marketers get forex outside CBN rates.

Marketers then have to compete with NNPC which imports fuel with govt rebates at lower FOREX rates.

How do you expect them to sell at the same price when NNPC is even claiming to be selling at a loss and are declaring meeting the downstream sector demand as ''under recovery''


Make una get sense.

TylerDurden:


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.

foolbuster:


But they have a point. If you are a marketer and you bought a truck @145 yesterday and the next morning FG gives an order to sell for 125 will you sell?

Flyingngel:
An average Nigerian is greedy; always making things difficult for his or her fellow country men.

stormborn28:
which loss again when the selling price at deport has reduced

Euegene100001:
Hope u saw were I wrote if were to increase

bluecircle470:
You're mad

tiredoflife:


Why are u spitting about
Do u have the kung flu

enshi:


Ah ah.. The prayers were not meant for you na
Why are you stealing prayers

loswhite:
When they increase the fuel price the last time did you type this nonsense question.... foolish citizens

leokid866:

If it were to increase we are still talking profit, of course they would increase it, won't you do the same? Or you will claim child of God and same I am not doing Geng Geng....

Olunmercy56:


Ask Google

Euegene100001:
Go to hell

destinie2019:



They think they are smart. With international crude oil prices dropping to 24 dollars a barrel, they may be forced to replace the trillions they have stolen, or risk an outright collapse of the economy. At present, the excess crude account has been depleted to less than 70 million dollars. Effectively, zero. The national pension fund was "borrowed" for the massive infrastructure development that is invisible because of its sheer massiveness. The sacred cow at NHIS decimated the health insurance sinking fund, all while shouting "PDP destroyed the economy."
Locusts.

foolbuster:


Typical Nigerian. Extremely self-centred and mean. All you want is to buy cheap fuel even if the seller is selling at a loss as long as it does not concern you. And if you try to make them see reason then you be mumu. Sefish bastard! No wonder una leaders dey deal with una. As If you will sell at a loss if it were you. bloody Hypocrite.

loswhite:
Did you answer the question?

egorov:


I also bought at 125 and not at nnpc. These ones don't know what they are saying.

Manu stations selling 125 already in ibadan.

foolbuster:


It is rhetorical.

kelvincoll:
I saw it coming though.

If it were an upward review in prices, would you selfish marketers have retailed at the current price? u would have adjusted immediately.

loswhite:
it is always difficult for foolish ppl to answer simple question

bluecircle470:


You mean the Chinese flu?