Iamgrey5:
More protest loading....

Our useless goverment is increasing Taxation when production is falling which has led to Massive inflation as producers have simply passed the excess cost (taxation) unto the consumers.

The same goverment is looking for ways to further compound the misery suffered by the Nigerian consumer by increasing the price of petrol which is the only stable and affordable source of energy available in Nigeria.

By the Time they increase petrol price÷

> Cost of Transportation increases

>Cost of production increases

> it will lead to a disastrous increase in the cost of goods and services that are already at a all time high.

Despite their disastrous outing in government,they are convinced Nigerians will still vote for their party to continue in 2023,hence their focus in politics rather than the job they are elected to do,its not their fault it is the people's fault

lexy2014:


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

Cooking gas is a byproduct of drilling just like crude.
Though our major challenge is the storage facilities for it.
Also there is a high demand for our gas so it affects local price.

Which way Nigeria

The government will be making more money while subjecting the masses to the fluctuations at the international crude market. We can all see that our refineries not working is to the benefit of a select few. 4 refineries none is functional, the modular refineries promised during Kachikwu era is now a dead farce. These guys are just taking gullible Nigerians on a rollercoaster ride.

fedorahat:


Cooking gas is a byproduct of drilling just like crude.
Though our major challenge is the storage facilities for it.
Also there is a high demand for our gas so it affects local price.

How does high demand affect local price?

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.

B you must be a foreigner to ask me how good the country was when d price of crude was over 100dollars if i may ask, how good has this country been ever since d price dropt? For ur info, its bad govt. Policies, insecurities, corruption, excess borowing etc that facilitates our economic woes & not increase in crude oil price.

lexy2014:


How does high demand affect local price?

Law of supply and demand.
Multinationals are in the business of making profit not charity, if outsiders will pay more, they will sell to them

phantom24:
B you must be a foreigner to ask me how good the country was when d price of crude was over 100dollars if i may ask, how good has this country been ever since d price dropt? For ur info, its bad govt. Policies, insecurities, corruption, excess borowing etc that facilitates our economic woes & not increase in crude oil price.

Mr Man the country was not good anything, we were only reckless with forex resulting to cheaper foreign goods.
When the forex dried up late 2014 we went back to status quo

fedorahat:

Law of supply and demand.
Multinationals are in the business of making profit not charity, if outsiders will pay more, they will sell to them

That still doesn't explain why local price of gas is increasing. If demand is high due to demand outside of nigeria, then I don't see how that should affect local pricing

fedorahat:


Cooking gas is a byproduct of drilling just like crude.
Though our major challenge is the storage facilities for it.
Also there is a high demand for our gas so it affects local price.

U have talking about how d price of crude is affecting d price of petrol and not how drilling crude is affecting d price of petrol. If d price of d petrol we consume is affected by d price of crude and subsidy, where do all these factor that makes d price of cooking gas to keep on increasing?

E no go better for Nigeria government and A.P.C chai another pain again join de one wey we dey battle before, because of bad government I can't eat three times in a day again even two na manage i dey manage

fedorahat:

Mr Man the country was not good anything, we were only reckless with forex resulting to cheaper foreign goods.
When the forex dried up late 2014 we went back to status quo

ok so if i may ask what are the indices used in determining economic growth what was the standard & cost of living? You're an intelligent fool, keep fooling yourself.

Little little pain without end.Where is NLC?

Another Next Level promise fufilled

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

We didn’t voted him this second time they rigged the election and no substitute at all that other option B could have been another disaster

lexy2014:


That still doesn't explain why local price of gas is increasing. If demand is high due to demand outside of nigeria, then I don't see how that should affect local pricing

Simple logic, the IOC will prefer to sell to the outside world than to sell in Nigeria, because they will make more profit.

bluefilm:
Na today?

Nigerians can bear anything.

He knows we won’t do Jack

fedorahat:

Simple logic, the IOC will prefer to sell to the outside world than to sell in Nigeria, because they will make more profit.

That still doesn't explain why price of cooking gas is on d increase in nigeria. How does d preference of IOCs to sell cooking gas to d outside world affect local price of d commodity?

northvietnam:


He knows we won’t do Jack

Before nko?

Na keyboard warriors full everywhere.

lexy2014:


U have talking about how d price of crude is affecting d price of petrol and not how drilling crude is affecting d price of petrol. If d price of d petrol we consume is affected by d price of crude and subsidy, where do all these factor that makes d price of cooking gas to keep on increasing?

First consumption of gas is increasing locally and internationally while production is reducing, this will cause scarcity and lead to increase in price.

Let me tell you how it works

When crude is drilled it can come out as either a higher percentage of pure crude, pure gas, condescent or a mixture of more equal proportion sometimes with water being higher.

All oilwellls/ gaswells are connected to a flow station where seperation( not refining) properly occurs.
Storage of gas due to its nature has always been a problem especially locally so with more international demand, more of the gas is sold outside leaving a shortage here.

phantom24:
ok so if i may ask what are the indices used in determining economic growth what was the standard & cost of living? You're an intelligent fool, keep fooling yourself.

The standard of living was a mirage then, we had a huge pay check which comes once in a while and lavished it, instead of utilising it properly.

TooMuchStuff:
Our own Buhari of Niger Delta who specialises in inflicting pains and anguish by taking our resources to Maradi in Niger Republic has just spoken out his mind.

Congratulations for this news

this is the problem hausa/ fulani slaves put us into

lexy2014:


That still doesn't explain why price of cooking gas is on d increase in nigeria. How does d preference of IOCs to sell cooking gas to d outside world affect local price of d commodity?

Because cooking gas is a part of drilling activities and is internationally priced, if there is more profit to sell it here it would be sold here, if there is more profit to sell it abroad and cause scarcity here it will be sold abroad and you will be forced to buy it at that price, Business like I said is for profit not charity.

fedorahat:
Because cooking gas is a part of drilling activities and is internationally priced, if there is more profit to sell it here it would be sold here, if there is more profit to sell it abroad and cause scarcity here it will be sold abroad and you will be forced to buy it at that price, Business like I said is for profit not charity.

All u have said here are "ifs". If this, if that... which means u aren't sure why there's a continuous increase in d price of cooking gas locally. Has there been scarcity of cooking gas locally?

Evil people in power! Shebi the zombies are exempted??
When the oil price falls they say it the reason we are suffering, when it rises they say we have to suffer for it.

lexy2014:


All u have said here are "ifs". If this, if that... which means u aren't sure why there's a continuous increase in d price of cooking gas locally. Has there been scarcity of cooking gas locally?

ok change the ifs to as, so that you can be pleased.
The reality still remains there is more profit to be made selling outside Nigeria for now

fedorahat:

First consumption of gas is increasing locally and internationally while production is reducing, this will cause scarcity and lead to increase in price.

Let me tell you how it works

When crude is drilled it can come out as either a higher percentage of pure crude, pure gas, condescent or a mixture of more equal proportion sometimes with water being higher.

All oilwellls/ gaswells are connected to a flow station where seperation( not refining) properly occurs.
Storage of gas due to its nature has always been a problem especially locally so with more international demand, more of the gas is sold outside leaving a shortage here.

U didn't get my question. Am not asking how it works. U have talking about how d price of crude is affecting d price of petrol and not how drilling crude is affecting d price of petrol. If d price of d petrol we consume is affected by d price of crude and subsidy, where do all these factor that makes d price of cooking gas to keep on increasing?

I never thought we still had brainless people in this country. If you don't have what to say, keep quiet. Anyway you are not exempted from whatever. You will have sense eventually.

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.

fedorahat:
ok change the ifs to as, so that you can be pleased.
The reality still remains there is more profit to be made selling outside Nigeria for now

It's not about me being pleased. It's about stating d facts which u haven't been able to so far.

U are just repeating ur refrain that "there is more profit to be made selling outside Nigeria". I really don't see how that sheds light on d question of price increase on local cooking gas

One day Buhari administration will start selling Nigerians one by one. Before 2023 it won't easy for any APC member to come out boldly to campaign .our democracy government had turned to punishment for Nigerian .God if this is the result of our sins towards you pls or give us

lexy2014:


U didn't get my question. Am not asking how it works. U have talking about how d price of crude is affecting d price of petrol and not how drilling crude is affecting d price of petrol. If d price of d petrol we consume is affected by d price of crude and subsidy, where do all these factor that makes d price of cooking gas to keep on increasing?

Because crude petrol and local cooking gas are one and the same thing gotten from the same process

lexy2014:


It's not about me being pleased. It's about stating d facts which u haven't been able to so far.

U are just repeating ur refrain that "there is more profit to be made selling outside Nigeria". I really don't see how that sheds light on d question of price increase on local cooking gas

Local cooking gas is an offset of drilling, it is a refined process from crude drilling activities, if the raw materials which provides it is high its cost for the finished product will be high, we don't have enough storage facilities for it here so most times it is compressed and pumped directly to the shipping vessels and sold meaning we have limited materials for local consumption.