Keemsleek005:



Am not an economist, so i dont k ow much about redecimalization of the currency by soludo and i believe economist on the group can explain that. Depends on the capacity the refineries and availability of cash will determine the duration of such project also you can see that 2 or 3 are almost completed for commission. Hope u remembered when sim cards first came out it was 10k - 15k and u remembered call rate and 15 box to send sms but today due to competition sim is now 500, sms is 4# thats how it will be, when most of these refineries comes up. Competition will crash the price of fuel and it will become cheaper.

I like your simple and straight forward responses,I agree with you but the government would have to establish a working relationship with the refinery owners especially in the area of local crude sale prices,it would not be feasible for the refineries to buy crude at international price n expect refined products to be cheaper n affordable.

dacool1:


I'm quite disappointed in your economic analysis MR EDUCATED. When crude price rises our naira should become STRONGER and that should cancel out the so called increase in pump price, you should ask why the naira is becoming weaker when we earn more forex.
The truth is the elites are just greedy lots.

Are you not seeing your confusion in your write up?
On our naira being weak against expectation and out elites being greedy, I agree with you but those were not the issue that replied to.

Deepthoughts:
I like your simple and straight forward responses,I agree with you but the government would have to establish a working relationship with the refinery owners especially in the area of local crude sale prices,it would not be feasible for the refineries to buy crude at international price n expect refined products to be cheaper n affordable.

It's only a mad person that will import crude while we get plenty for here. They wont even try it.

Basher8583:


You want fuel free abi? Srnse of entitlement kill you there.
You are free to go to the country that sells less than Nigeria now. Who is holding you down

Hypocritical b***. You for kuku dey buy fuel for 1k per litre na...I Too know kee you there.

Imagine that ,

New minimum wage loading

And buhari is the minister of petroleum I pity Nigeria,After buhari have sold these country

Keemsleek005:


It's only a mad person that will import crude while we get plenty for here. They wont even try it.

No, I was actually referring to the government insisting on selling crude to the local refinery owners at international price which would be counterproductive.

Deepthoughts:
No, I was actually referring to the government insisting on selling crude to the local refinery owners at international price which would be counterproductive.

Oh sorry. That i cant say and i hope they won't try it. Unless something is spinning in their head.

are you afraid to tell us is #200 which one be #195

2mercy:


https://www.vanguardngr.com/2021/02/expect-to-pay-n195-per-litre-for-petrol-marketers-tell-nigerians/

Na thunder go fire all those wey deceive us. At $60 per barrel, they said we should pay #195 per litre for pms. Meanwhile, we paid just #87 per litre when crude sold above $100 per barrel. That's an absurdity.

osuofia2:
NICE ONE, NIGERIANS COMPLAINS TOO MUCH. THIS IS IMPORTANT TO GET RID OF CORRUPTION IN THE PETROLEUM SECTOR . GOD BLESS BABA BUHARI

foolishness at its peak..reasoning from anus