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Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari - Politics (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari (29880 Views)

Fuel Will Continue To Sell For N145 Per Litre-NNPC / Nigeria Is The 6th Cheapest Place To Buy Petrol In The World / Under-recovery: Fuel Subsidy Drops To N20 Per Litre — NNPC (2) (3) (4)

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Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Ayo2004: 8:58am On Jul 01, 2021
If they try it,I will start yahoo and I mean it grin
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by ArcSEMPECJ(m): 9:00am On Jul 01, 2021
9jaRealist:


Are they getting subsidized fuel in those countries they are running off to “upgrade their lives”?
Nigerians want the same thing as obtainable abroad, but won’t do the same things those people do (even basics like paying taxes).
>

Lols who said Nigerians don't pay tax

Those countries they are running to have a functioning government who knew how many citizens they have and how to make life worth living for them.....pls don't compare life there with our hell Nigeria

All Civil servants pay tax by deduction from their salaries even a gate man , once your salary comes from the government.....

All business owners even pure water hawkers on the road pay tax to the government,...

A Shuttle driver , buses , Tricycles , Motorcycle etc pays a tax of #400 per day to the government, according to the decisions of their tax union

What you should be talking about is what has government done with the tax paid to them....

The money our darling daddy in Aso rock used to get a life in London and run medical check ups per month in London should be enough to feed the whole country for years, get our refinaries working ....

Go and do your research well my brother ......
We are doing the same thing as those people abroad do but we don't have the same human value as they do .....
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Emmyviva: 9:00am On Jul 01, 2021
The thunder that will fire this man still dey load
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by ttaiwo09: 9:03am On Jul 01, 2021
The only thing Nigeria government is good at is to "manufacture poverty"
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Tmex(m): 9:10am On Jul 01, 2021
And is that really a basis of your arguement? Then bring fiesel price down nah. Nonsense ingredient.
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by KingUg(m): 9:25am On Jul 01, 2021
9jaRealist:


Are they getting subsidized fuel in those countries they are running off to “upgrade their lives”?
Nigerians want the same thing as obtainable abroad, but won’t do the same things those people do (even basics like paying taxes).
>
lol paying taxes that would be looted poor infrastructure & all that I don’t blame anybody traveling out anymore this country is doomed that’s the truth
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by KingUg(m): 9:26am On Jul 01, 2021
ArcSEMPECJ:


Lols who said Nigerians don't pay tax

Those countries they are running to have a functioning government who knew how many citizens they have and how to make life worth living for them.....pls don't compare life there with our hell Nigeria

All Civil servants pay tax by deduction from their salaries even a gate man , once your salary comes from the government.....

All business owners even pure water hawkers on the road pay tax to the government,...

A Shuttle driver , buses , Tricycles , Motorcycle etc pays a tax of #400 per day to the government, according to the decisions of their tax union

What you should be talking about is what has government done with the tax paid to them....

The money our darling daddy in Aso rock used to get a life in London and run medical check ups per month in London should be enough to feed the whole country for years, get our refinaries working ....

Go and do your research well my brother ......
We are doing the same thing as those people abroad do but we don't have the same human value as they do .....
leave that one let him open his mouth & be spewing trash
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by poiZon: 9:27am On Jul 01, 2021
The criminality going on in this buhari govt is alarming.
Lastweek, one of the news daily headlines was Nigeria consumes 102million litres of pms daily, from 30million litres during GEJ days to a whooping 102million litres. The daily subsidy has climbed to 5.5billion naira....
Subsidy that the dullard said didnt add up, was invented by pdp to loot money.
All of a sudden the same subsidy they said was hoax then is now real...
Hypocrites..
God will punish all those who voted this THING again in the last election.
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by tarimax: 9:30am On Jul 01, 2021
Bastards!!!!!!!
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by BishopSolo(m): 9:38am On Jul 01, 2021
See as this man is bragging about the increase in pump price of Petrol as if all Nigerians are criminals like..............

God will not forgive any single individual who wakes up any day to plan
evil against Nigerians....
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by oche123: 9:38am On Jul 01, 2021
Fellow Nigerians, Pls calm down, right now Nnamdi kanu is our main problem, Thank God he has been Arrested, by the time we are passed Judgment him, our country will be better than UK. So please give the govt more time.

1 Like

Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Nobody: 9:43am On Jul 01, 2021
gambia:
What's exactly is the benefit of a common man in Nigeria? In fact they should sell it for N500, we will still buy it, after seeing Buhari's first term flaws, some deluded folks still went ahead to vote him, so its a welcome development, shey even people that voted him will buy it at that same price,then no problem, we move.

Buhari was never voted in for the second time. The elections were apparently rigged.
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by fashrola(m): 9:44am On Jul 01, 2021
Sunnybay7:
This people enjoy inflicting hardship on the masses, no form of deep thinking on how to diversify the economy. But when you ask their minions online they will be shouting npower and 10k tradermoni.

Only frustrated youths apply for such schemes..... When you tell them to go learn some skills and be their own boss and stop earning peanuts from people who doesn't care about their future

2 Likes

Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by DAMN99: 9:48am On Jul 01, 2021
There is something about people called kyari. The always act and do stupid things
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by rita25(f): 9:53am On Jul 01, 2021
I WONT BE SURPRISED IF I WAKE UP AND SOME DAY THE NIGERIAN GOVERMENT SAYS FUEL SHOULD BE SOLD ACCOURDING TO REGIONS MAYBE NORTH AT 10PER LITER AND THE EAST AND WEST AT 400PER LITTER angry
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by DonMekino(m): 10:15am On Jul 01, 2021
How's this guy heading the nnpc?
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Aduroja123(m): 10:18am On Jul 01, 2021
valentineuwakwe:


Source: https://dailypost.ng/2021/06/30/nigerians-should-buy-at-n256-per-liter-nnpc-boss-kyari/

How does this man want to be unfortunate in his life? is it by thunder striking every 4 secs in his head alone, convulsion every 2 secs or automatism in donning and doffing of his clothes?

In the end, looting takes it all.

Injibuta.

1 Like

Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by do4luv14(m): 10:22am On Jul 01, 2021
Beancounter93:


Slight correction...GEJ partially remoived subsidy, which manifested as a rise in fuel price from N65 to N97 in 2012, and later restored it partially which manifested as a reduction from N97 to N87 in 2015(Originally, GEJ wanted to raise prices to N140 IN 2012 FROM N65)

The problem was that in 2012, the landing cost of fuel was N99...and it rose to N132 in 2015..thus the amount we were paying in subsidy also rose.

All in all, we spent about N6 trillion or more naira between 2010-16 to maintain the subsidy at those prices. and EVEN then, outside Lagos and Abuja, prices were as high as N185 in some places

(As an example, in 2014, I bought fuel at N121 in Kaduna, N185 in Zaria, and in 2015, I bought fuel at N130 on the outskirts of Abuja. By 2013, fuel was high as N200 in some places even. A relative bought fuel at N170 somewhere else even. Only NNPC and some of the big marketers then had fuel at N97 and they did not have fuel most of the time, except NNPC...and there were LONG QUEUES then)

Buhari raised prices from N87 to N145 because the subsidy was becoming difficult to maintain at a landing cost of N132. He eventually made NNPC the sole subsidsier of fuel as well as the sole importer in 2016...which in practice has meant NNPC is operating at a loss..and even now can no longer remit money



A slight correction too, Gej did not backdown cost of landing cost, it's a common knowledge, the protest, and his deep thoughts for the masses makes him reverse,

As for landing cost, did the imported product lands in America, Brazil, or Europe, then fly through pipelines into Nigeria,

Who owns those ports, where the ships Barth, to offload their cargoes

OK, plz I did like to know what's LANDING COST
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Lisaint(m): 10:22am On Jul 01, 2021
If they wanna raise fuel price to #250 no problem


But they must be ready to increase minimum wage to #70k!

They must be ready to crash down the prices of various food stuff in the market!

We just need one administration to face one thing instead of 7point agenda or Vision2020!

If you want face road during your 4 years just face road alone

If nah Power sector
Face it


The moment they start promising heaven on earth just know that they have nothing in stock like the present rilling party!
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by CSTRR: 10:27am On Jul 01, 2021
9jaRealist:


Nigerians are tragically funny… sad

Diesel, which is used by transporters and truckers who carry people and food around Nigeria, is selling for N280 and people are moaning about someone saying petrol “should” (NOT will) be selling at N256 without subsidy. How exactly are the so-called “masses” benefiting from petrol subsidy in Nigeria? Even kerosene used by the so-called “masses” is NOT subsidized.

Meanwhile, Nigeria is spending TRILLIONS subsidizing petrol - more than the capital budget for each of education, healthcare, agriculture, and even roads! Literally choosing cheap fuel over better schools, hospitals and public transit systems!

Of course, a large part of that subsidized petrol is being SMUGGLED to neighboring countries for PRIVATE profit. SMH

>
.

But Buhari already cancelled subsidy.
He even made a public broadcast about it.

That's why fuel is selling for 145/litre.

Which subsidy are you talking about again?
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Sunnybay7: 10:30am On Jul 01, 2021
9jaRealist:


Dude, you are simply tragic if you think all fuel is petrol… sad
Diesel used to power big generators and most machinery are NOT subsidized, as well as kerosene used as household fuel.

Nigeria is a classic case of a population that DESERVES its leaders! SMH

>

I'm very sure you know more than the millions of Nigerians who groan in pains whenever pump price is increased, can you compare the daily consumption of fuel to that of diesel?
You are shallow and your economics is watery.
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Nobody: 10:33am On Jul 01, 2021
do4luv14:




A slight correction too, Gej did not backdown cost of landing cost, it's a common knowledge, the protest, and his deep thoughts for the masses makes him reverse,

As for landing cost, did the imported product lands in America, Brazil, or Europe, then fly through pipelines into Nigeria,

Who owns those ports, where the ships Barth, to offload their cargoes

OK, plz I did like to know what's LANDING COST

1.Landing cost is roughly how much it costs to import one liter of fuel into Nigeria.It is not controlled by government.

2.American, brazil have nothing to do with this discussion, and no I don't know the owners of the ships.(The US is even a net exporter of crude and does not do price controls on its petrol. talkless of importing it.....so they earn enough of a profit to maintain their refineries)

3.You better read about subsidies and how they work. You don't understand them
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Ekwuemechidubem: 10:38am On Jul 01, 2021
It's too small na
Let it be the same price as 1$-#1
Let's know if the ZOO occupants eye can open
�life's ZOO people
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Cleanworld(f): 10:45am On Jul 01, 2021
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by ELKHALIFAISIS(m): 11:04am On Jul 01, 2021
Yellowbar Muslims enjoy unah 1 Nigeria ooo
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Progressive15: 12:13pm On Jul 01, 2021
God will surely punish bad and wicked leaders in this country. Poor and failed government. Yeye dey smell!
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by do4luv14(m): 12:42pm On Jul 01, 2021
Beancounter93:


1.Landing cost is roughly how much it costs to import one liter of fuel into Nigeria.It is not controlled by government.

2.American, brazil have nothing to do with this discussion, and no I don't know the owners of the ships.(The US is even a net exporter of crude and does not do price controls on its petrol. talkless of importing it.....so they earn enough of a profit to maintain their refineries)

3.You better read about subsidies and how they work. You don't understand them


Thank you for enlightenment, let's discus 1 and I don't care about 2, while I will think about 3,

Now to the main thing landing cost, I understand it to be transporting cost, what we called carriage inward in accounting class,

Can you send more light on it, cos most often times, such cost are always include in sales,
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Nobody: 1:03pm On Jul 01, 2021
do4luv14:



Thank you for enlightenment, let's discus 1 and I don't care about 2, while I will think about 3,

Now to the main thing landing cost, I understand it to be transporting cost, what we called carriage inward in accounting class,

Can you send more light on it, cos most often times, such cost are always include in sales,
\

As I understand, landing cost is the import price of fuel per liter roughly..which covers cost of refining the fuel elsewhere, plus transporting it by ship to here

(We cannot refine fuel in Nigeria because most Nigerians want a subsidy to be paid on fuel.. which automatically means lower prices than what it would cost to refine it in Nigeria....meaning anyone who refines fuel in Nigeria would potentially end up refining it at a loss. And yes, that includes Dangote.)

Transport costs for fuel within Nigeria are covered by something called the equalisation fund...which is part of the whole subsidy money overall.The fund (which is now N11 per liter of fuel) is why fuel costs the same throughout the country (that does not happen elsehwere)
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by Dymaco(m): 1:05pm On Jul 01, 2021
what do you have to say about this?
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by planetx: 1:07pm On Jul 01, 2021
This man is liar saying there is no where in the world diesel is more expensive than petrol. In the US diesel is more expensive than petrol, or is the US not part of the world.
Re: Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari by planetx: 1:11pm On Jul 01, 2021
osuofia2:
This is a good development, with this 256 per litre , subsidy will be stopped and the money will be used to build infrastructure and better the lives of Nigerians. Many people will miss Buhari when his tenure finishes. He is a God sent
Abi this one dey craze

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