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Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari - Politics (5) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari (23793 Views)

After Promising New Petrol Price, NNPCL Moves To Make Cooking Gas Cheaper / NNPCL GMD And Acting CBN Governor Visit President Bola Tinubu In Ikoyi / Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL (2) (3) (4)

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Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by djkirkoo2(m): 11:00pm On Jul 18, 2023
Acekidc4:
Oil Marketers Oil Marketers Why are you People so Selfish and Mean like this?? Meanwhile before you start shouting Tinubu, he has nothing to do with this but am very sure he will do something about this. No fear Tinubu is in Charge.







PATRON
wake up from your slumber and emancipate yourself from mental slavery.
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by ibro360(m): 11:23pm On Jul 18, 2023
Of course it's market forces and evil forces
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Algold: 11:31pm On Jul 18, 2023
Acekidc4:
Oil Marketers Oil Marketers Why are you People so Selfish and Mean like this?? Meanwhile before you start shouting Tinubu, he has nothing to do with this but am very sure he will do something about this. No fear Tinubu is in Charge.







PATRON

You mumu don reach emeritus... Go for pshco evaluation
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by themanderon: 12:33am On Jul 19, 2023
This man will rot in hell for all his lies. In economic terms prices can only rise if there is a scarcity yet here he is saying there is no supply issues. He is just playing with the brains of Nigerians who have refused to think. Let him tell us the market forces that determined the new price. Is it the cabals that have stolen NNPC?
There is just something they are not telling us.
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Asswipemod: 1:12am On Jul 19, 2023
phorget:



The igbos fought a war so they've always wanted out while Obi was just a toddler, if Zik's generation actually begged for your so call unity then how about the current generation that are not only clamoring for a pull out but are even killing and maiming just to buttress their points?



What useless point? They are attacking and killing fellow Igbos and you think that is a point?
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Jostoman: 2:18am On Jul 19, 2023
Acekidc4:
Oil Marketers Oil Marketers Why are you People so Selfish and Mean like this?? Meanwhile before you start shouting Tinubu, he has nothing to do with this but am very sure he will do something about this. No fear Tinubu is in Charge.







PATRON
helinues grin cheesy
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Asswipemod: 2:20am On Jul 19, 2023
nairalandkachy1:
This is how the market regulars itself. Sometimes the process go up and sometimes it comes down - Kyari



https://www.instagram.com/reel/Cu2QVR1oYU2/?igshid=NTc4MTIwNjQ2YQ==

Previous Thread:
https://www.nairaland.com/7768848/nnpcl-further-increases-fuel-pump#124491593

This crooked Fulanis will just come and be talking as if it is infants they are playing with. Can this fool explain the processes that makes the price go up and down other than the forces of demand and supply? He just mentioned that supply is intact. There is a general observation that demand has drastically dropped. Invariably, from the look of things, it's either demand and supply are at per or supply is greater than demand. Which other way does the market regulate itself, please?

1 Like

Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by samwillyco1(m): 4:01am On Jul 19, 2023
This man suppose to be in an under ground cell

1 Like

Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by bewla(m): 4:16am On Jul 19, 2023
advanceDNA:
Market forces?? yet u pple are still announcing unified pump price....
Thts my biggest headache can't the president do away with this guy's like the DPP

1 Like

Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by BigIyanga: 4:18am On Jul 19, 2023
Acekidc4:
Oil Marketers Oil Marketers Why are you People so Selfish and Mean like this?? Meanwhile before you start shouting Tinubu, he has nothing to do with this but am very sure he will do something about this. No fear Tinubu is in Charge.
Oando.. owned by Tinubus, is one of the biggest oil marketers.. why arent they selling at N450/liter??







PATRON
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Felaincarnated: 4:54am On Jul 19, 2023
Dumb mofo
Olaolex:
Who let this m@d dog out of its cage? Rabid fools everywhere. Tueh!
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Olaolex: 5:00am On Jul 19, 2023
Felaincarnated:
Dumb mofo
Okay! You've been finally noticed. Next idiiot please...
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by jossytech(m): 5:19am On Jul 19, 2023
Irresponsible men, they always find something to lie with, their own market forces never force price down its always up, take all wealth to your grave

1 Like

Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by HRMK: 5:50am On Jul 19, 2023
lame and lousy excuse!
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Diligent1(f): 6:20am On Jul 19, 2023
taylor89:
Make we wey from PH dey follow Unity beggars and oil parasites dey buy fuel for 750

If them divide this country Yoruba will buy fuel for 58k a liter

Na why them no dey use ear hear divide

Barren region
80% of people who patronize igbo businesses are yorubas

1 Like

Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by tommykiwi(m): 6:35am On Jul 19, 2023
haslaw:



Grow up
Grow down Agbadorian.
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Okoroawusa: 7:39am On Jul 19, 2023
Olukat:
No one should blame Kolo shocked shocked blame ignorant southern politicians
When the subsidy was removed the cheapest "Ex depot" price was and still Lagos.
Why, cos Lagos is the landing point of all the products shocked shocked shocked
How did NNPC got to the point of selling PMS at 511 naira in Kano and other Northern states even when Petroleum Equalization Fund(PEF) being part of subsidy is scrapped? shocked shocked shocked
It's very simple analogy, the south are actually paying and subsidizing for the North shocked shocked shocked Abegi
You just said complete bunkum
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Bluntemperor: 7:39am On Jul 19, 2023
Calicoe:
Sack this man and give the next appointed nnpc director the ultimatum of bringing the price down or be sacked as well... I bet that would be the end of all these grammars

To President Tinubu:
• If you don't sack the NNPC- Board and Kyari and All the Subsidiaries Now,they will eventually gang up against you in the coming elections and said ' O Tan Ni idie!
• if you don't Sack the DISCOS Now,- the Electricity Bills you signed will not fly but be frustrated!
Up till now- NO-24/7.Lights in Nigeria because of Corruption and Indiscipline and Unpatriotic demeanor!
Give NNPC, the treatment of AP( African Petroleum,by the then Military Govt - by buying these Discos Share Back from the Corrupt elements holding Nigeria to the jugular! Govt should Overside any Contracts in the Public Interest!
•if Ghana,Dubai,London,Paris,Las -Vegas ,in USA,can have 365- Days- Constant- Lights - Nigeria too can have it but the Wicked and Corrupt People in our System here would Not allowed it! Up till today, Pre-paid is given to the highest bidder,but why?
Very Shameful!

1 Like

Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Quebec91(m): 7:43am On Jul 19, 2023
cheesy
NwaNimo1:
No......Na 'Spiritual Forces' coupled with 'Nuclear Forces'



....Shege Pro Max Month 2!
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Quebec91(m): 7:47am On Jul 19, 2023
Fact 👌 bro
slawomir:
Damnnn niggar
Grab my weed and bottle while i listen to ras kimono "under pressure "
Isa wicked situation we passing through right now in are we nation..the people dem ma suffer
Shege reloaded....Imagine no protest from Nigerians
lets start telling ourselves the truth and stop pretending if not this nation will be doomed in the nearest future
When a person from the three major tribe is the president..forget it you won't see a united protest from the masses...endsars protest the north didn't participate because their son was the president
Now with the hell we have been subjected to still no protest will happen because a son from a major tribe is the president( tinubu)...same thing will also occur if igbo man is the president

The only time we can see a united protest is when a person from minority tribe becomes the president...take for example subsidy removal of Jonathan in 2012...the whole nation united and there was protest despite the cheap and low cost of things...lets stop pretending...

It's easier for the big three to unite against a minority president than for the country to unite against a president from any of the big three. So unfortunate. That's the tragedy of Nigeria. We are doomed...please spread this news to every youth so we can unite..I'm not only a weed smoker, a pussy banger, a keyboard warrior And a drunkard but me I tell you I think critically

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Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by hotwax: 7:49am On Jul 19, 2023
Which market forces?

Nnpcl are still the one importing fuel. Which market forces?

Eyin ole
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by ayyoughurt(m): 7:56am On Jul 19, 2023
Goodman2023:
It's obvious tinubu is afraid to sack this man...

Why not do a total cleansing in the petroleum sector...baba they fear...na poor man body he they get power

NNPCL is now a private company, FG can only bargain with them, they can’t direct their affairs….
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by starz100: 7:57am On Jul 19, 2023
Useless market forces that will never force prices down only up.Other nations at least have a way of controlling the price of a commodity as essential as fuel.Once they see nigerians have absorbed this shock, to again introduce another price they will first air it as rumour, to test waters, before they finally do the damage.
Why can't various state governments invest in subsidized intra and inter city transportation just to help the masses.Governments has now left the citizens at the mercy of fuel marketers.
At this rate, before December ending,a litre of petrol can go as high as #1,000.
Nigerians are the best shock absorbers in the world.

When will it end, just when shall we continue to endure all these shocks.
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Reloadedisraelp: 8:03am On Jul 19, 2023
What a country !! grin grin
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by jimter44(m): 8:24am On Jul 19, 2023
advanceDNA:
Market forces?? yet u pple are still announcing unified pump price....

These guys are taking us for a ride. Which market forces? The local consumption of petrol in the country has reduced drastically which under normal demand and supply suppose to push down the prices. However, the price is rather going up and he is talking of dd and SS aka market forces. The price is purely determined by two factors:
1) the exchange rate of naira to dollars, which is always going up.
2) the cost of crude oil at the international market.
Until we start refining petroleum products in Nigeria, achieving a cheap price of petroleum products will still be a mirage. Understand that the cost of forex is what is driving inflation in Nigeria.

1 Like

Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Acekidc4(m): 8:27am On Jul 19, 2023
Jostoman:
helinues grin cheesy

🙄🙄🙄
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Acekidc4(m): 8:30am On Jul 19, 2023
Algold:


You mumu don reach emeritus... Go for pshco evaluation


Yes Sir
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by jimoholuyemi3(m): 8:31am On Jul 19, 2023
taylor89:
Make we wey from PH dey follow Unity beggars and oil parasites dey buy fuel for 750

If them divide this country Yoruba will buy fuel for 58k a liter

Na why them no dey use ear hear divide

Barren region


See Ode
So for your dream Yoruba land has become barren region you be MUMU of the year
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Goodman2023: 8:45am On Jul 19, 2023
ayyoughurt:


NNPCL is now a private company, FG can only bargain with them, they can’t direct their affairs….

Limited on paper...who appoints the head of NNPCL ?
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by Goodman2023: 8:47am On Jul 19, 2023
ayyoughurt:


NNPCL is now a private company, FG can only bargain with them, they can’t direct their affairs….

Limited on paper...who appoints the head of NNPCL ?

The president has the power not only to appoint the head, but also to appoint the board members.

https://statehouse.gov.ng/news/president-buhari-appoints-board-and-management-of-nnpc-limited/
Re: Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari by lordprogress: 8:48am On Jul 19, 2023
wirinet:


I hope you are being sarcastic. Because if you are not, then you need to explain to me who removed petrol subsidy without one litre of petrol being produced in Nigeria. As long as we rely on importation for our fuel supply, the demand for dollars to buy this same fuel will increase, which in turn will put upwards pressure on the Naira, which will further push up the price of petrol.
We have been on that merry go round since the 80s when petrol was less than N10.

Only a madman keeps doing the same thing and expects a different result.

A wise government would have made sure local refineries are working before removing subsidy. That way we can determine the price of petrol and hence the value of the Naira.
Floating the Naira and at the same time relying on importation of fuel is economic suicide.
Exactly my point you removed subsidy why still importing fuel, is that not madness, what does it take to fix the country refineries.
This kyari guy is clearly incompetent he shouldn't have any business there.

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