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Nairaland Forum / Nairaland / General / Politics / Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? (28765 Views)
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Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by Nobody: 6:34pm On Sep 08, 2020 |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by Nobody: 6:35pm On Sep 08, 2020 |
Sell the refineries to people who can manage them. They will buy crude oil from NNPC, refine it and sell back to filling station owners. 1 Like |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by anonimi: 6:40pm On Sep 08, 2020 |
Dalby: How can NNPC be worse when Barawo Bubu is the minister? Sorry but I cannot understand that. 1 Like |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by JesusJesus: 6:44pm On Sep 08, 2020 |
rexlims: |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by Dalby(m): 6:46pm On Sep 08, 2020 |
anonimi: They have deregulated, Atiku should help Nigerians find the landing cost of PMS so we can make an informed decision... |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by LadyExcellency: 7:06pm On Sep 08, 2020 |
seanblaise: The Petroleum Equalisation fund Management Board is a scheduled Parastatal of the Ministry of Petroleum Resources ,established by Decree No. 9 of 1975 (as amended by Decree No. 32 of 1989 ), mainly to administer Uniform Prices of Petroleum products through out the country. THE IMPLICATION OF EQUALISATION PROCESS i. The consumer pays the in-built transportation cost of N2.99 per litre irrespective of where the products are purchased, whether in zone 1 or in zone 9. ii. Transportation cost is related to distance travelled between the points of lifting the products (Depots) and the points of sale (outlets). iii. The marketer serves as an agent of the PEF (M)B in collecting the allowance built-into the price structure, and transfers same to the board for equalisation or bridging purposes. 2 Likes 1 Share |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by clickwtB(m): 7:21pm On Sep 08, 2020 |
Only in naija can such person shamelessly speak!!!! |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by pieces18: 7:21pm On Sep 08, 2020 |
Nonsense and blood sucking government. This is what happens when you have terrorists, tyrants, and criminals as leaders. If Atiku was wrong in his analysis, he should he right on the point of timing. They crumbled the economy, corona came in and made everything worse, people have lost their jobs, and businesses. All they can do to help us is to increase the hardship. If they are not wicked, why would they behave this way at this time? |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by NGpatriot: 7:33pm On Sep 08, 2020 |
Meaning I don lecture clueless Atiku privately. I know Atiku is dumb and extremely clueless, but this is definitely his dumbest comment. .
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Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by Keemsleek005(m): 7:45pm On Sep 08, 2020 |
unitysheart: Ok. For you to know much about the PEF stuff means bros also involved. |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by seanblaise(m): 7:53pm On Sep 08, 2020 |
LadyExcellency:Interesting. It simply implies that states or cities closer to the deport gets the price at a cheaper rate than states/cities farther away. |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by Nobody: 8:00pm On Sep 08, 2020 |
Islie: Price of fuel did not drop by a correlated factor because the naira lost about a third of it's value against the dollar during the covid period. Of course there was a brief period when government actually dropped the pump price, because they had no choice. Now crude per barrel has appreciated but naira remains weak to satisfy the president's bdc friends and their co-saboteurs within the cbn 1 Like |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by HRMK: 8:05pm On Sep 08, 2020 |
HOW HAS THIS MAN HELPED OUR ECONOMY AS AN 8YR VP!HE ONLY SOLD OFF OUR ASSETS!TOO BAD!! |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by Nobody: 8:08pm On Sep 08, 2020 |
LadyExcellency: For real. Price differential will definitely cause riots in the north. The funny thing is that the same northerners who regard the ports as a never-ending racket are responsible for abnormal haulage prices (aside from bad roads, banditry etc). It all boils down to bad governance still. Nigeria can't continue like this for the next three years, either the government runs out of money or there will be nationwide civil unrest. |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by ultimateGreen: 8:08pm On Sep 08, 2020 |
Officialgarri:you don't know what you are saying sir! buhari govt never deregulate petroleum, what they are doing is called maximum price control in Economics. deregulation means government have no say in price of petrol, if that is the case, with level of competition in oil industry where you can see up to five filling station on a street, the fuel price will drastically drop.... then MR=MC 2 Likes |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by Gyong(m): 8:36pm On Sep 08, 2020 |
Officialgarri: |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by Gyong(m): 8:41pm On Sep 08, 2020 |
amc: Smart point, but why not encourage local refineries termed illegal that the navy and military keep destroying. Guy why should we sell crude cheap and buy refined product cheap but exchange rate caused us to buy at an unpleasant prices |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by tot(f): 8:50pm On Sep 08, 2020 |
jericco1: You can't incite something that already exists. |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by NGpatriot: 8:51pm On Sep 08, 2020 |
Gyong: We shouldn't be encouraging lawlessness, illegal and criminal nativities. What's against the law should remain against the law. Serious and credible investors won't invest and the ones with investment on the ground won't survive if you let illegal refineries thrive all over the place. We already have crooked and corrupt leaders of today, our leaders of tomorrow shouldn't be like them or think like them. |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by jericco1(m): 9:01pm On Sep 08, 2020 |
tot: Obviously, so it is like pouring water in a basket because his efforts are futile |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by Mayeldah(m): 9:03pm On Sep 08, 2020 |
Atiku is right here. If crude that sold averagely in 2012 at $95, when GEJ deregulated the pump price was N141 How come now that same crude selling averagely at $41 in 2020, when PMB deregulated, the pump price is N161? by law of simple proportion, the pump price now should be lower. all these youths attacking Atiku without thinking deeply about this are lazy youths. Something is not right with this deregulation done by PMB, Nigerians should ask questions. |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by Newboss(m): 9:04pm On Sep 08, 2020 |
Deregulation is like removing shock absorber from a car. Any movement in the market, una go feel am. Wait till oil price reach $70 per barrel, na bicycle una go dey use for this country 1 Like |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by Newboss(m): 9:17pm On Sep 08, 2020 |
loneprof: They talk that way because they are ignorant of the state of things. Then they enter office and see how cheap talk is. This is why I dont listen to Sowore. Only dummies listen to his noise. That's how Buhari was hitting GEJ. Now he's doing everything GEJ did, even the ones he (Buhari) stood against |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by Nobody: 9:21pm On Sep 08, 2020 |
Newboss: He's doing even worse... I was just having a conversation with a bro on the cost of living with the new electricity tariffs and fuel price. May God help Nigerians ooo. |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by Surveillants(m): 9:32pm On Sep 08, 2020 |
A demand for an engine that run on ordinary water. Professor FE review how to make H2o powered engine.. click on the link to see. https:///pbUsoj-1kW |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by Nobody: 9:38pm On Sep 08, 2020 |
Mayeldah: That is because in 2012, higher crude oil prices meant we had a larger amount of foreign exchange flowing in to buffer the value of the naira, which meant that 141 naira in 2012 was higher in value than 141 naira today. 1 Like |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by NGpatriot: 9:58pm On Sep 08, 2020 |
loneprof: Tell your bro that the government can not keep subsidizing everything because it is unsustainable. Tariff must align with the cost of generation, distribution and transmission, if not, investors won't invest in the power sector because they can not recoup their investments or make ends meet. I blame the government for shielding Nigerians from these obvious realities for decades, but better late than never because it is unsustainable. We are broke and we can not keep borrowing to fund subsidies and recurrent expenditures. doing so means bankruptcy. 1 Like |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by tot(f): 10:02pm On Sep 08, 2020 |
jericco1: Obviously indeed. |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by surgical: 10:02pm On Sep 08, 2020 |
Nwaide01:flesh and blood have not revealed this to you 1 Like |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by NGpatriot: 10:02pm On Sep 08, 2020 |
Nigerians want to enjoy what they enjoy in advanced countries, they love to remind themselves how other countries are better than Nigeria because they have stable electricity, but guess what, the people in advanced count don't get subsidies, they pay for what they use. If you want Nigerian to progress, do away with your awoof mentality, You can not have it both ways. 1 Like |
Re: Atiku: If We Truly Deregulated, Shouldn’t Fuel Price Drop? by surgical: 10:06pm On Sep 08, 2020 |
NGpatriot:same shit all the time,which investor,you think we are as dumb as you guys,like take the price to ten times what it is now,no investor will come under this regime,cause there are other determinants of FDI, the government is just using Nigerians for experiment. |
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