Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station - Politics (5)

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Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station - Politics (5) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station (29426 Views)

Is N488 The New Official Price Of Fuel? (NNPC Station In Lagos) / Subsidy: Petrol Hits N1,200 Per Litre In Ebonyi / Fuel Subsidy Returns As Open Market Price Of Petrol Hits ₦183 Per Litre (2) (3) (4)

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Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Tochi3(m): 2:58pm On Jul 18, 2023

Seefinish:
including bulaberians

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Mrtaye: 2:59pm On Jul 18, 2023

Believeintruth:

You are really high on dried cow dung. with the rubbish going on, it will not reduce the price of PMS not even eventually.

It will not reduce the price in your imagination I guess

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Crvrider: 3:00pm On Jul 18, 2023

Dotherightthing:

Just shut up!

You won't be saying if Obi had was the president.

Eggs must be broken for omelette to be made.

These are trying times and we shall overcome. In Jesus' Name. Amen.

Local production of PMS is the way forward

70billion to be used on furniture and repairs among the political class! It gets to your turn, the masses, it is time to turn philosopher and breaking eggs.

Isn't it obvious that Tinubu is clueless about governance? The hardship is beyond comprehendible and he is talking about sharing 8k.

1 Like

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by enemyofprogress: 3:00pm On Jul 18, 2023

Ghen ghen. Revolution loading

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Mrtaye: 3:00pm On Jul 18, 2023

Nteogwuija:

Okay, is Rice petrol, and do you consume rice daily?

Okay you pour cement and rice into your car tank and generators I guess

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by VocoGap: 3:01pm On Jul 18, 2023

It shall be well with my family.

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Truthshotcrazy: 3:02pm On Jul 18, 2023

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by samwillyco1(m): 3:04pm On Jul 18, 2023

nairalanda1:
The thing is, if subsidy comes back, we won't pay the price now, but when we do, it would be in a way that won't be to our liking.

Modifed

For those wondering why I support subsidy removal...below shows subsidy as a percentage of our oil revenue.

Note that in 2012, 2015, and 2017, prices went up...see how it affected subsidy costs then.

How did subsidy come to stay ?
Who introduced subsidy ?
Why is our refineries not working ?

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Petacephas: 3:06pm On Jul 18, 2023

You just shot your gutter mouth there. Your foolish agbado of a president does not have any business coming to power. This is abuse of power. Must you punish people because they did not vote you.? We all know he has never been the choice of the people. He rigged himself in but don't worry, he will be booted out by any means available. Just watch it.

Dotherightthing:

Just shut up!

You won't be saying if Obi had was the president.

Eggs must be broken for omelette to be made.

These are trying times and we shall overcome. In Jesus' Name. Amen.

Local production of PMS is the way forward

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by CaIImeTrinity: 3:06pm On Jul 18, 2023

proeast:
Honestly, I pity NW and NE. These two regions already had poverty rates at almost 90%. By now, it would be approaching 99%

Tinubu is like a mad man with lighter in a gas station. He will set this country ablaze if he isn't stopped on time

@bolded chai laugh wan kill me grin

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by ayo2008: 3:09pm On Jul 18, 2023

Dotherightthing:

Just shut up!

You won't be saying if Obi had was the president.

Eggs must be broken for omelette to be made.

These are trying times and we shall overcome. In Jesus' Name. Amen.

Local production of PMS is the way forward

Eggs must be broken for ommelette to be made? I laugh..Dey play!. So y is the poor the egg? Y is the poor at the recieving end? SMH

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by nairalanda1(m): 3:10pm On Jul 18, 2023

[quote author=samwillyco1 post=124499390]

How did subsidy come to stay ?
Who introduced subsidy ?

Subsidy was brought in by the Gowon administration in 1973, to protect Nigerians from the effect of the high fuel prices brought about by oil price increases due to the OPEC increasing crude prices as a form of revenge on the West for backing Israel during the Yom Kippur war

It has remained because governments over time used it as a cheap means for social welfare....it does not require tax increases to pay for (at
first, and it seemed easy to maintain

Why is our refineries not working ?

Roughly speaking, a big issue with subsidy is that the price of fuel is kept too low for refineries to be profitable (we do explicit subsides, not implict subsides, which is what we should have done from the word go...). As a result, refineries lose money.

Also constant rising costs of production means that subsides paid to cover resultant losses from selling fuel below production costs means that as a reuslt, refineries lose money, and don't earn enough to pay maintenance and upgrade costs.

(As a corrollary, don't do maintenance on your car for the next 5 years. It would run, but then it would soon fall apart).

Also, free subsidy money, means more money to loot and steal..

All that damaged our refineries (Add the fact that big people soon saw there was profit to be made importing fuel).

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Prestigeboss(m): 3:11pm On Jul 18, 2023

Dotherightthing:

Just shut up!

You won't be saying if Obi had was the president.

Eggs must be broken for omelette to be made.

These are trying times and we shall overcome. In Jesus' Name. Amen.

Local production of PMS is the way forward

we keep using proverb to suppress our problem,

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by FlintDrone: 3:17pm On Jul 18, 2023

Okay

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by deyplay: 3:18pm On Jul 18, 2023

APC poverty to the people

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Cromagnon: 3:21pm On Jul 18, 2023

XerXers:
They want to teach Igbos a political lesson but always end up with bitter economic lessons. The worst part is that they still fail to learn those lessons because of their inferior intelligence. See how yorubas used their brains to achieve their tribal agenda and dump them.
How can someone who failed in Lagos, Osun, Rivers, Anambra, Abuja, be getting northern votes? Does the north know him more than the south where he came from? These backwards people fell for the Muslim-Muslim ticket scam. Core North should be removed from Nigeria before any meaningful progress can be achieved.
Report shows that it's 568 in Lagos, see the gap? Arewa have been scammed

does the North know shettima?
You think the North is like east that forgot who helped them win last 8yrs?

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Zither(m): 3:29pm On Jul 18, 2023

Dotherightthing:

Just shut up!

You won't be saying if Obi had was the president.

Eggs must be broken for omelette to be made.

These are trying times and we shall overcome. In Jesus' Name. Amen.

Local production of PMS is the way forward

Who eats the omelette? Lol. Dey play.

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Cromagnon: 3:30pm On Jul 18, 2023

slimfit1:
Someone tell Tinubu to use 800 million dollars to float buses using innoson and other local manufacturers. Pls innoson see if you can produce trains like trams which Lagos should have by now and they say he develop Lagos humans thinking like monkeys. Omo yoruba nimi don't bring any Igbo man to this conversation I want the best for yoruba land.

why. Will you not pay tfare?
Why don't you buy bus if it makes profit

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Poske95(m): 3:30pm On Jul 18, 2023

Dotherightthing:

Just shut up!

You won't be saying if Obi had was the president.

Eggs must be broken for omelette to be made.

These are trying times and we shall overcome. In Jesus' Name. Amen.

Local production of PMS is the way forward

I don't think Obi would have been the Pariah of such decrepit state. However, we would have been proud at the end that he came and left.
If many did Buhari.....PO would have had a better run

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Cromagnon: 3:31pm On Jul 18, 2023

jmoore:

Local production of cement will make cement cheaper. Another bababluu bulabuuing..

is dangote,e, Bua, a shaka, ibeto, Lafarge abroad production?
What is their price

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by sirray001: 3:36pm On Jul 18, 2023

Bobloco:

Everyone is feeling it

Agbadorites, obidients, PDP, APC, labour party

yorubas are not feeling the heat

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by jmoore(m): 3:36pm On Jul 18, 2023

Cromagnon:
is dangote,e, Bua, a shaka, ibeto, Lafarge abroad production?
What is their price

My comment was sarcastic. You should direct your question to the guy I replied.

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Bobloco: 3:38pm On Jul 18, 2023

sirray001:
yorubas are not feeling the heat

Do you mean that the Yorubas are buying fuel cheaper

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by oloriooko(m): 3:38pm On Jul 18, 2023

nairalanda1:
The thing is, if subsidy comes back, we won't pay the price now, but when we do, it would be in a way that won't be to our liking.

Modifed

For those wondering why I support subsidy removal...below shows subsidy as a percentage of our oil revenue.

Note that in 2012, 2015, and 2017, prices went up...see how it affected subsidy costs then.

So why did BAT fight GEJ from doing this in 2012? If the selfish egocentric nonsense termed occupy Nigeria had not taken place, now the economy would have revamped and balanced
Walahi BAT is as selfish as buhari

Modified

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by nairalanda1(m): 3:39pm On Jul 18, 2023

oloriooko:

So why did BAT fought GEJ from doing this in 2012? If the selfish egocentric nonsense termed occupy Nigeria had not taken place, now the economy would have revamped and balanced
Walahi BAT is as selfish as buhari

Machiavellian politics.

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by dannyspeejay(m): 3:39pm On Jul 18, 2023

Na GH be d answer oooo

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Wodu89: 3:49pm On Jul 18, 2023

proeast:
Honestly, I pity NW and NE. These two regions already had poverty rates at almost 90%. By now, it would be approaching 99%

Tinubu is like a mad man with lighter in a gas station. He will set this country ablaze if he isn't stopped on time

Hahahaha

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by sirray001: 3:56pm On Jul 18, 2023

Bobloco:

Do you mean that the Yorubas are buying fuel cheaper

yes nah. We are enjoying our brother Tinubu

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Kukutenla: 4:02pm On Jul 18, 2023

nairalanda1:

See the figures from 2010 and 11, when fuel was N65 and compare to 2012 where fuel was now at N97.

Also see 2015, when fuel was N87 and 2016 WHEN it went up to N145.

If you cannot see, sorry.

What is there to see?
Go and analyse the figures for US subsidy on agriculture and tell us why it's bad as well
Or is it only in Nigeria that subsidy is bad?

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by NaijaCrusader: 4:03pm On Jul 18, 2023

Are you not seeing that the economy is crumbling and something urgently needs to be done and whatever they are doing now is not working and except we just want to defraud ourselves I don't think that returning subsidy will be costing us much as 700billion as you are envisaging. My proposal is to subsidize it to between 200 or 250 naira and this will give the government the breathing space to at least stabilize the ship and most importantly for them to go to the drawing room with qualified professionals and then come up with working policies and palliatives and other solutions to tackle the challenges of the nation. Retracting is not a crime in fact it is a sign of great leadership quality,even supreme court's and revered scientist all retract all the time if you find out that a policy is not working you revisit it

nairalanda1:

If we return subsidy, the costs will be higher than they were a few months ago, meaning we could be spending as much as 700 billion on subsidy a month. If not more.

Adding that on top of our debt burden, and our limited revenue from oil is going to impact our economy in ways you won't love.

Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by nairalanda1(m): 4:04pm On Jul 18, 2023

Kukutenla:

What is there to see?
Go and analyse the figures for US subsidy on agriculture and tell us why it's bad as well
Or is it only in Nigeria that subsidy is bad?

So, we are now earning as the USA does?

Plus, go and read about inplicit and explicit subsidies.

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