Spectrum22:


Ok, without subsidy. Then at least price of petrol should be stable not increase.

What I want to understand is why is government anticipating increase. Don't they stand to earn more as the price of crude oil climb?

Crude is a raw material for petrol, if the price of raw material rises the price of the finished good will also rise.

Nnpc sells crude oil Nigeria as a country imports petrol these are two different things because nnpc does not sell the crude oil directly it only invest in JV with multinationals and marginal fields to drill the crude when they sell they get their profit back so what they are directly telling you now is that yes we are making profit from crude but don't expect us to use that profits to pay for your fuel we don't want to be directly involved in how you buy fuel which is a good thing because I might use two litres of fuel a day but he rich man will certainly use 15l who therefore is gaining more from the subsidy

SAI BABAAAAAAAAAAAAAAAAAA



UNA GOOD MORNING O

What is our problem in this country? From the timeline they gave us while CBN was trying to justify pumping USAD into Dangote Refinery, the Refinery should been commissioned by now. As it is with many Nigerian project, nobody is talking about it anymore!

Where are we on Petroleum Refining? why are our 4 Refineries moribund? why should we be praying that the International market price of crude oil should not raise? This GMB Government is wrong.

Unacceptable threat from a comfortable minister. Know that God reigns and cares.

fedorahat:

Crude is a raw material for petrol, if the price of raw material rises the price of the finished good will also rise.

Nnpc sells crude oil Nigeria as a country imports petrol these are two different things because nnpc does not sell the crude oil directly it only invest in JV with multinationals and marginal fields to drill the crude when they sell they get their profit back so what they are directly telling you now is that yes we are making profit from crude but don't expect us to use that profits to pay for your fuel we don't want to be directly involved in how you buy fuel which is a good thing because I might use two litres of fuel a day but he rich man will certainly use 15l who therefore is gaining more from the subsidy

I see.

What exactly do Nigerians expect when prices of crude goes up?

These people are mad.

Well, time will tell.

Spectrum22:


Ok, without subsidy. Then at least price of petrol should be stable not increase.

What I want to understand is why is government anticipating increase. Don't they stand to earn more as the price of crude oil climb?

Crude oil price is increasing, how exactly did you expect price of petrol to be stable?... It's amazing that people dont still understand what subsidy means.

What type of pains haven't we bear as Nigerians?
Being a Nigerian is another form of torture and pains.

We can all see what happens when intelligence is not factored into how we pick a leader.


Outside of pride and stronghead, wetin our number 1 get? Every other sector na F9.



Up till today, condemn bh, sharia law, and hisba, e no fit do. Meanwhile insecurity is rising.



Oga Buhari, I wish you the wisdom to lead; but you have been a disappointment thus far.

fourboys:
I just realized We made a huge mistake voting for Buhari twice.. we no dey enjoy any good thing from this man

oga speak for urself not every one voted for him as said only myopic ones voted cos they couldn't understand his antecedents

Agboriotejoye:
You brought these on us!!

lol.

Nigerians Nttttorrrr!!!!!!

5 percent people my deepest sympathy because you rejected this failure in 2015 and in 2019.

However I support deregulation. It is a necessary evil but I don't know what the plans of the petroleum minister, Muhammadu Buhari are.

Nigerians, enjoy the next level you voted for. Don't be shocked like the Man in Aso Rock.
where is occupy Nigeria Protesters when you need them.

Hmmmm

Silver your father yansh

When oil prices fall, Nigerians suffers whatever negative effect that comes with, and when it rises, we are equally faced with its negative effects.
Which way naija sef

Bastard government

Just making this country unbearable for poor masses

osuofia2:

ODE, WAILING WAILER, PMB WE KNOW

That's good. Can u tell us how PMB that u no has improved living standards since 2015?

obailala:

Crude oil price is increasing, how exactly did you expect price of petrol to be stable?... It's amazing that people dont still understand what subsidy means.

Kindly explain

adanny01:


The previous PDP were always lying that the economy was growing and even revalued the economy to put it in positive light when their own minister was warning us that recession was lurking around.

We got lied to and we complained, we get told the truth now but we still complaining.

Which would you prefer truth or lies? Subsidy/corruption or or higher fuel cost.

Ok. Pls tell me d truth about cooking gas and why d price keeps going up

Nothing new, we're already used to pains because this govt is all about pains my only prayer is that this pains don't exceed 2023.

fedorahat:

Crude is a raw material for petrol, if the price of raw material rises the price of the finished good will also rise.

Nnpc sells crude oil Nigeria as a country imports petrol these are two different things because nnpc does not sell the crude oil directly it only invest in JV with multinationals and marginal fields to drill the crude when they sell they get their profit back so what they are directly telling you now is that yes we are making profit from crude but don't expect us to use that profits to pay for your fuel we don't want to be directly involved in how you buy fuel which is a good thing because I might use two litres of fuel a day but he rich man will certainly use 15l who therefore is gaining more from the subsidy

beautiful nonsense, so when crude was over 100 dollars per barrel why didn't it affect our economy negatively? I can recall that the govt. Has been complaining about fall in price of crude. So why are they still complaining in a rise?

I hope APC miscreants will have their special filling station where they buy fuel at N40 per litre.
Zombies go hear am.

lexy2014:


That's good. Can u tell us how PMB that u no has improved living standards since 2015?

If you want to maintain your sanity, ignore zombies.

Nigeria's crude oil is more of a curse than a blessing! Chai!

nnamdi640:
Just making this country unbearable for poor masses

It's a fact that this problem, along with things like electricity, are by design. But I think everyone should stop and express gratitude for the people who not only persevere with these challenges, but for those who excel.

Isn't it amazing? Think about the beauty of rising in the midst of chaos and roadblocks. African people are truly a great people. Giants.

phantom24:
beautiful nonsense, so when crude was over 100 dollars per barrel why didn't it affect our economy negatively? I can recall that the govt. Has been complaining about fall in price of crude. So why are they still complaining in a rise?

How good was the country when crude was over 100 dollars a barrel,
Low oil prices means low income for the country
High oil prices mean high expenditure, expenditure which can be avoided if people and not government pay the true price for the cost of fuel. If you need fuel buy it at it's real market value whatever is the cost not with government intervention.

Comedian2019:

If you want to maintain your sanity, ignore zombies.

infact, it's zombies that have been avoiding me. I no know wetin I do them

fedorahat:

How good was the country when crude was over 100 dollars a barrel,
Low oil prices means low income for the country
High oil prices mean high expenditure, expenditure which can be avoided if people and not government pay the true price for the cost of fuel. If you need fuel buy it at it's real market value whatever is the cost not with government intervention.

Sounds logical. How we de do this cooking gas matter. D price de increase everyday. Is it because of high oil price, subsidy etc?

Inception:


we go hear am!