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Nairaland Forum / Nairaland / General / Politics / Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days (18966 Views)
Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily / Fuel Crisis Looms As Private Depot Owners Raise Prices — IPMAN / Lagos, Rivers, Akwa Ibom Lead In N4.19tn Subnational Domestic Debts (2) (3) (4)
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Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Nobody: 2:44pm On Sep 05, 2020 |
tot:
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Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by tot(f): 2:46pm On Sep 05, 2020 |
[s] kikero:[/s] |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by favor914: 2:46pm On Sep 05, 2020 |
kikero:Which your heroes?, I am independent minded, I don’t run with the Mumu crowd. Hypocrite, we had the money then like you said that confused ogogoro man chickened out, you are blaming Tinubu & Buhari for his cowardice act, now that you claim we don’t have the money? Have money for what? Even if Nigeria had Saudi Arabia’s money it shouldn’t be paying subsidy on petroleum products, any country that pays money on petroleum products will not have money for other things. |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by 99thEnemy(m): 2:48pm On Sep 05, 2020 |
ABBkelvin:2.82% of us the smart ones like you and I are left. lets put heads together and do something about it. we left should do something right. |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Nobody: 2:49pm On Sep 05, 2020 |
tot:
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Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Nobody: 2:51pm On Sep 05, 2020 |
favor914: You are independent minded, and then you accuse me of blaming tinubu and Buhari You love them and you know it. Don't be ashamed... 1 Like |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Meteng: 2:52pm On Sep 05, 2020 |
morikee:Not only them bros, Nigerians generally, are greedy, vindictive, heartless, always looking for an opportunity to inflict maximum pain on their fellow countrymen |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by favor914: 2:52pm On Sep 05, 2020 |
kikero:I know it is hard for you to give them credit for a bold & good decision? I can sell my petrol for 156, you can sell your own for 163, we will find out who the consumers will patronize, not too much talk, have a nice day. |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by tot(f): 2:53pm On Sep 05, 2020 |
[s] kikero:[/s] |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Zeezy81: 2:54pm On Sep 05, 2020 |
SweetJoystick: Point of correction, they never made losses, it took the marketers over a week to revert to the new price and their arguement was that they couldn't sell with the new price since they still had old stock. DPR what is your job? Governance in Nigeria is lazy and expensive 1 Like |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Nobody: 2:54pm On Sep 05, 2020 |
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Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by MajorOvakporaye(f): 2:55pm On Sep 05, 2020 |
favor914: SHUT UP THERE!!! DON'T LET ME SWEAR FOR YOU! 1 Like |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by favor914: 2:55pm On Sep 05, 2020 |
kikero:Well if you say so, if 2 men could remove a sitting power that had vowed to rule for 70 years, I tip my hat for those Gentlemen, it says give credit were credit is due. |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by tot(f): 2:55pm On Sep 05, 2020 |
[s] kikero:[/s] |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by favor914: 2:57pm On Sep 05, 2020 |
MajorOvakporaye:I hope you are looking in the mirror like MJ during your incantation so you are sure who you are cursing? Make Oghene no make your days like the pdp cankerworm days? |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Nobody: 2:58pm On Sep 05, 2020 |
tot:
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Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by tot(f): 3:00pm On Sep 05, 2020 |
[s] kikero:[/s] |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Nobody: 3:03pm On Sep 05, 2020 |
tot:
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Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by tot(f): 3:04pm On Sep 05, 2020 |
[s] kikero:[/s] |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Nobody: 3:05pm On Sep 05, 2020 |
tot:
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Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by tot(f): 3:06pm On Sep 05, 2020 |
kikero: 1 Like |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Saig: 3:07pm On Sep 05, 2020 |
BeeBeeOoh:Would you have preferred being born in Mozambique 2 Likes 1 Share |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by ABBkelvin(m): 3:11pm On Sep 05, 2020 |
99thEnemy:how can you help a whole lot of them when they will use you to play and claim you're only after your own personal ambition? Project the future of our country by the end of this century and tell me if there's anything great that can come out of it... I am talking about the individuals now not the government. I am sorry to say this, we will be the first to get exterminated if dystopian society system emerge in nearest future, which will likely happen due to limited natural resources over time vs population growth. Haaaa Note: I will assume that your 0.10 is the percentage error that could be + or - depending on people sliding in and out of the 100% |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Nobody: 3:16pm On Sep 05, 2020 |
This government is just total chaos Zeezy81: Nigerians seem to fall into two major categories, the super-stupid ones and the super-greedy ones. I don't know which one is worse though there exists a sizeable amount of overlap. That dude you quoted is part of the overlap, too lazy to think unless it involves immediate gratification in terms of money, food or sex. |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by ebube89(f): 3:27pm On Sep 05, 2020 |
Officialgarri: february 2012 was just 6months into GEJ's tenure bro, the was no corruption scandal or evil as at then in his govt 2 Likes 1 Share |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Agbegbaorogboye: 3:29pm On Sep 05, 2020 |
kikero:Can you give a timeframe of the "long run"? At least you can agree now with what can be likened to an experiment now that full or partial removal of subsidy does not mean the marketers are going to dedicate their profits into building refineries or beating down prices. There's no rule book that guides how profit from a business should be expended, neither is capitalism nor free market economy a one size fits all for any economic problem. It is a realisation of that fact that led the US, the world's leading proponent of capitalism to enact the anti-trust laws in the early 1900s. Note that these marketers, when they were given the freedom to import by themselves in times past used to source for forex backing or letters of credits from banks and end up doing round tripping and other shenanigans with the so obtained instruments. None, not even one of them at that time thought of using free dollars they were getting to build a refinery. Go and check all those building refineries presently, none owns a filling station not to mention depot |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by 99thEnemy(m): 3:32pm On Sep 05, 2020 |
ABBkelvin:0.10% is for the people that can summon the gods, especially one like OGUN. Lightning and thunder can solve some of our problems you know!!!? |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Agbegbaorogboye: 3:33pm On Sep 05, 2020 |
favor914:To what end. Is it power for the sake of power? Then you should tip your hat for coup plotters too. 1 Like |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Merimental(m): 3:35pm On Sep 05, 2020 |
BeeBeeOoh: |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Agbegbaorogboye: 3:43pm On Sep 05, 2020 |
favor914:How has it worked for diesel? Is it being locally refined? Is it cheaper than PMS now? Gas has no subsidies. Stop advertising your ignorance. 2 Likes 2 Shares |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by maasoap(m): 4:24pm On Sep 05, 2020 |
SweetJoystick: You somehow thought or believed that they sold old stock with high cost at lower new price? You're wrong |
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