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Nairaland Forum / Nairaland / General / Politics / Petrol Price Jumps To ₦350/ltr As Queues Return (28157 Views)
Petrol: Marketers Fault Subsidy Removal Process As Queues Return / Fuel Queues Return To Abuja, Others As Supply Dips / FG Implements Cooking Gas Imports Tax, Price Jumps By 100% (2) (3) (4)
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Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Nazgul: 9:09am On May 30, 2023 |
HacheNoire:And you believe a sitting Nigerian government when they tell you that they want to channel funds. Bro, they would loot the funds. This is Nigeria. Jonathan removed fuel subsidy partially, what Happened to the funds, we started hearing subsidy scam. Same happened under Buhari. Oil theft. I can't trust any sitting government to keep their promise. 7 Likes 2 Shares |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by dfrost: 9:09am On May 30, 2023 |
Aklee4994: Removing it is the best thing. A week or two to set up monitoring of stations that don't comply should be the best. The current PMS has already been subsidised. Who's deceiving who? 3 Likes |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by lomprico(m): 9:10am On May 30, 2023 |
zinaunreal: Why are our refineries not working in the first place? 1 Like |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by ParrotGirls360(f): 9:10am On May 30, 2023 |
Me and you know that removal of fuel subsidy came With a funds looting agenda not the wellbeing of Nigerians. Which programs? Programs that they will announce on tv and later sit on the funds? Abegi. Naija na scam HacheNoire: 4 Likes 1 Share |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by dfrost: 9:10am On May 30, 2023 |
HacheNoire you are right on that but 250? That's way too cheap. By my olodo calculations, we are looking at about 550-700 price range. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by COMPAQ(m): 9:11am On May 30, 2023 |
tsdarkside: You are still thinking? The owner of the refinery and everybody who knows anything about the sector tells you that Dngote refinery alone is able to meet Nigeria's production and export. But you are here still thinking it won't be enough. Then PH refinery is supposed to come on stream. Then Bua is building one in Akw Ibom, but yet you still think that it won't be enough? 1 Like |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by HacheNoire: 9:12am On May 30, 2023 |
mikeapollo: Because you not thinking! Subsidy is not sustainable and a big financial burden on the government. Proceeds from removal can be used to increase minimum wage, which is even a direct investment into the workforce. Not just some few people reaping off the nation in the name of subsidy. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by DBlackCeazer(m): 9:12am On May 30, 2023 |
Power should be sorted first before subsidy removal, My business runs on fuel as there's barely power on the Sangotedo/Abijo axis. 5 Likes |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by HacheNoire: 9:13am On May 30, 2023 |
dfrost: It can go as high that. But over years, the market will become competitive and prices will drop. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by HacheNoire: 9:14am On May 30, 2023 |
ParrotGirls360: True! I cannot attest for any politician. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by COMPAQ(m): 9:15am On May 30, 2023 |
dfrost: Indeed, going by the price of diesel. In most countries I've been to, diesel has like a 10 to 20% premium over petrol. So if diesel is now N630, fully deregulated petrol would be circa N550. If Dangote refinery comes on steam, maybe due to economies of scale and not needing to pay for shipping, we might get N500 I'm the picture below taken in Texas a few days ago, the red is petrol and the green is diesel. The diesel is $3.22 2 Likes
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Re: Petrol Price Jumps To ₦350/ltr As Queues Return by dfrost: 9:16am On May 30, 2023 |
HacheNoire: I don't expect a healthy competition. Our refineries aren't working. Don't know the plans we have for them. I think metro lines should flood states now to regulate transportation, because government can't regulate the pump prices. 1 Like |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by HacheNoire: 9:16am On May 30, 2023 |
Nazgul: At some point, you are right. I did not put that into consideration. 1 Like |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by dfrost: 9:17am On May 30, 2023 |
COMPAQ: Exactly. Your head is well-oiled. But factor in our selfish side, and add another 100 to it 🤣😝 |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Truthshscrazy: 9:18am On May 30, 2023 |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by happney65: 9:19am On May 30, 2023 |
HacheNoire: Diesel an keresone that have been removed,abeg wetin them use the funds for there do? Wetin? Btw,I thought subsidy was a scam or something before now?so why is it now no longer a scam? E fe laa Dey play.. 1 Like |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by BABAawoo47: 9:19am On May 30, 2023 |
HacheNoire:but why are marketers supporting this ? It's like they will profit one way or the other |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by dfrost: 9:21am On May 30, 2023 |
HacheNoire: Baba dey calm down. Years of mistrust has caused a lot of paranoid behavior from Nigerians. Some of us hold this mulla, some no deybeven see to chop for breakfast not to talk of a whole day. I don't put down any argument any one brings forward. E no easy. Nigerians don see shege over the years. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by millionboi2: 9:21am On May 30, 2023 |
Psady:you done start,dat is what you said during buhari,later later,na later we go chop. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by sirchim(m): 9:21am On May 30, 2023 |
Zionmdde:I dey tell you 🤣 |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by 9gerian: 9:21am On May 30, 2023 |
I guess the problem is will Dangote enter the market at the subsidized price, and who pays the differential when there is no subsidy in the budget? Those are the hard questions I think. Zionmdde: |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by juman(m): 9:22am On May 30, 2023 |
Removal of subsidy is the best decision in decades in this country. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by crismark(m): 9:22am On May 30, 2023 |
HacheNoire:You smoke loud? Does the dollar have the same value with naira and saudi riyals Quit smoking bro |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Scarcity234: 9:23am On May 30, 2023 |
HacheNoire:Really? What of the amount that has been siphoned through other means that has no direct benefit to the Masses? Why discard a product because of a correctable defect ? So the can't manage it? The corruption can't be stopped? |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by juman(m): 9:23am On May 30, 2023 |
The fuel prices will level down soon. As everyone can bring in his fuel and sell. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by kmaster007: 9:23am On May 30, 2023 |
Ur bro dey work deir eliyke: |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by HacheNoire: 9:23am On May 30, 2023 |
crismark: Smh….. Someone like you asked that question, refer to my response. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by OgunkeelAllMod: 9:23am On May 30, 2023 |
jagaBandit in Aboki voice,is in Fawa! una bgo go wii |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Charisma01: 9:23am On May 30, 2023 |
HacheNoire: Why do u people always compare oir prices to other countries own? So because saudis pay $0.62 for their own we should pay $2? When we say aedc is hiking price, you'll say our electricity tarriff is the lowest in the world. Don't you even feel sorry for yourself if you dont feel sorry for other Nigerians? 3 Likes |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by nwajesus12(m): 9:24am On May 30, 2023 |
DaTruths:if foolish is a person |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by callmevirus(m): 9:24am On May 30, 2023 |
Please I won't let ignorance kill me What is removal of subsidy? Is there any advantage on removal of fuel subsidy? Please I need someone to enlighten me |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Tonyblessed(m): 9:24am On May 30, 2023 |
Do apc supporters buy at a cheaper price? If not. their suffering has just started times 100. 1 Like |
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