mine85:
if fuelsubsidy is removed, can someone tell us how much will will fuel sell?

Let the price of diesel give you a guide.

However, diesel may not be the best guide as I think it's imported using the black market rate.

The official rate may be usesd for petrol sales, so the price may hover around 460.

If, however, any of the 3 leading presidential candidates both make the exchange rate and the petrol price market determined, the petrol price should hover between 500 and 620.

They have all pledged to do so. It's only Tinubu that I can see pulling it off. The Lekki Toll gate Endsars ending speaks volumes

Go and ask Simon Ekpa, stop asking stupid questions on NAIRALAND.COM. Go to IPOBLAND.COM and post your nonsense.

Omihanifa:
Like 500 naira per liter

How much is kerosene or diesel sold?

Fuel will be sold almost.like those petrol

macdongenius:
Between #400-#550.

Ripple effects:

Food prices will quadruple
Transport fare will quadruple

If the money saved can be deployed to power and we have like 18hrs power supply daily, gradually modular refineries and dangote refinery thrives, security improves and money is pumped into agriculture, under a yr fuel price will crash to as low as #80/liter.

With food sufficiency achieved, our economy will start waking up, smes will begin to thrive. Gradually, our lost glory as a nation will have a rebirth

Fuel can not crash even if we have 2million refineries in nigeria...
The only time fuel can crash is if crude oil is sold below 20dolls per barrel.
Thats if we r refining our products here in nigeria and also the exchange rate is between 100 to 150naira per dollar.
Make una dey stop giving false economic analysis and stats.

mine85:


we need a good and sincere president then, that can use the subsidy money effectively. putting in another corrupt person will see all the monies stolen and our suffering will increase.

A good president will only make good policies..

The nigerian people will implement those policies and make it work.

Every president is good...

There r people who manipulates the system.to favour them..
Those people may not be politicians but high rank civil servants..

Is it thepresident that said nigerians r consuming 90million litres of fuel daily?

Civil servants who coordinates the system for these politicians are the evil ones manipulating the system for their own gains.

From budgetting to implementation, everything is done by the civil servants...

When u hear presidency budgets 50billion for aso rock clinic, u think it's the president that does this?

Even if the president questions it, they will always have points to backup their plans.

Nigeria will take Gods grace to function properly..

inforesource:


So you believe that there is subsidy? How much are you buying fuel in your area? That thing is the biggest corruption funnel in Nigeria. Government is the direct beneficiary. So wake up buddy.

Thats how buhari stated in 2014, subsidy is a scam..today he is paying more for the same scam.

First understand what subsidy means, then reciprocate it with the situation around the system.

How much is diesel, kerosene today?
These r almost the same products gotten from fractional distillation of crude oil.
Diesel is around 850naira, kerosene is also the same price, by right fuel should be between 800 and 850 naira.

From this u can see the difference is like 630 from the official pump price of 170naira.
That differntial is the subsidy Nigerian.govt pays for every 1litre of fuel imported into the country.

Even if dangote refineries kick start tomorrow, fuel will still be sold at this price unless nigerian govt pump crude oil to the refineries for free.