Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu - Politics - Nairaland
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| Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Bobloco: 5:47am On Jul 20, 2023 |
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said the purchase of fuel has reduced by 50 percent.https://dailypost.ng/2023/07/19/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu/ 2 Likes 3 Shares
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| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Ikaeniyan0: 5:51am On Jul 20, 2023 |
The market have been deregulated. Tinubu do not have the power to decide the price of fuel for filling stations owner. 164 Likes 14 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Nobody: 5:53am On Jul 20, 2023 |
What's wrong with IPMAN, as a body, must they wait for the president to r duce pump price, or is this fake news...the market is no more regulated. Does the president still have powers to call for abitrary fuel price reduction? 85 Likes 7 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Babzrockman: 5:54am On Jul 20, 2023 |
IPMAN una well so. It is better u guys adjust your widemouth in profit and abide by market forces. As demand low, reduce price na 141 Likes 7 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Manson1(m): 5:58am On Jul 20, 2023 |
Less than two months with Tinubu as president, Nigeria has already gone from bad to worse... We warned them!!! See our just concluded 3bedroom bungalow construction if you're about starting your building project.. Link in my signature. Plus we offer building designs and construction services nationwide 43 Likes 10 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by 2023Blessed: 5:59am On Jul 20, 2023 |
Reduce pump price? By reintroducing subsidy? Clowns  Buy and sell at whatever rate you feel you will make profit. It's an open market. If the sale and supply of petroleum products is no longer lucrative, find other businesses to do. Abi na by force? The enemies of Nigeria and the beneficiaries of the subsidy scam are starting to show their ugly faces one by one. 176 Likes 11 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by GWMI(m): 6:01am On Jul 20, 2023 |
J 1 Like 4 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Bobloco: 6:02am On Jul 20, 2023 |
sarkinbauchi: All you do every single day of your entire life is search for the ethnic leanings of anyone that seems to criticize Tinubu Emancipate yourself from hate and tribal bigotry, and I promise you that your life will be better for it 61 Likes 2 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Ebubu2: 6:08am On Jul 20, 2023 |
Bobloco: 100 Likes 2 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Belteshazzar1: 6:09am On Jul 20, 2023 |
sarkinbauchi:He is lamenting for the good of everyone..... Na all of una go see shege banza this time.... 26 Likes |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Wealthoptulent(m): 6:12am On Jul 20, 2023 |
Bobloco: Same selfish IPMAN? Xo dem fit beg? They are our number one enemy on fuel matter. Too much gain dey worry them, still will mix fuel sold 18 Likes 2 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by nigeriancritic1(m): 6:17am On Jul 20, 2023 |
Bobloco:
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| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by sarkinbauchi: 6:19am On Jul 20, 2023 |
Bobloco: Like the way your South-East is better with Sit-at-home? 21 Likes 3 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by sarkinbauchi: 6:20am On Jul 20, 2023 |
11 Likes 2 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Hezzyluv: 6:26am On Jul 20, 2023 |
President Tinubu should not reduce price. Them don remove subsidy them don remove am and no goin back. Suffer the suffer now and enjoy 2moro. 30 Likes 3 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by DeLaRue: 6:27am On Jul 20, 2023 |
Subsidy is gone. They need to adapt their business expectations to that reality. Car owners are in severe shock right now. Reduce staff, close some pumps, and hopefully demand increases in the coming months. 16 Likes 2 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by tollyboy5(m): 6:52am On Jul 20, 2023 |
DeLaRue:More people are converting to lng for generators. I think that is also contributing to the drop in fuel usage. If it is then it's a good sign 17 Likes 2 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Umueme: 7:01am On Jul 20, 2023 |
sarkinbauchi: I guess all the Adamus and Olaniyis are buying fuel at 120naira after voting BAT. Ode Had to wait for a Chinedu to lament cos your kind that voted BAT are to ashamed to call him out. Oponu 13 Likes 2 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by kcprince: 7:05am On Jul 20, 2023 |
In about 6months time a lot of petrol station will close down for the following reasons : 1. Very low margin; imagine buying a product for 498 at the depot and selling it at 510. Making about 12 Naira from 498. Some bad marketers even manipulate their meter to meet up with NNPC price. While some sincere once’s put it as it is . Unfortunately the sincere ones don’t see patronage because people will say price is high. 2. Low demand ; the demand for the product has dropped by over 60 to 70 percent . You now see people come in just to buy 10liters and go. Unlike early this year when an average person buys 30liters . 3. With the high interest bank charge on loans there is no way you can service the loan with such low profit margin especially because you have running cost to Cather for . I wish government will do something about this like opening a special forex window for petrol import . If not a lot of businesses will go down. 20 Likes |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Nobody: 8:12am On Jul 20, 2023 |
When they were feeding large on people's money they never remember government to decrease the profits. Funny thing about this deregulation is that, if the so called market forces push the price up, their old stocks will receive immediate attention for upward price reviews, but when the international market prices drop, and the dollar exchange is stable, they will act as nothing happens, still selling at old price, without reducing it. They will claim they are waiting for the directives. Even if Tinubu is under serious, catalytic pressure, he won't bow cos all these things have been long plan. Everyone is in for it but I believe if done well, it may turn around for better within few years. The only advice I will advise the government is to speed up to review or give authorization for indigenous individuals that want to build modular refineries in less than 30 months and are serious about it. And government can also sell crude oils to them at a very subsidized prices. All of them, I mean those politicians both active and retired, no matter the party involved have stolen this country dry and borrowed again and looted majority of that too. Let me emphasize on my point as a solution that I think: government should avoid spending a dime on those old refineries again. They should sell them off to foreigners if necessary and can work it out . It's an avenue to steal from government in the name of repairing. I will advise government to encourage individual locals and indigenes that are very serious and have the capacity to merge to take up the challenges of the modular refineries. Their complaints has been, it has to be deregulated and Forex window unified. That one fulfilled now. What next. So let's see their next excuses now. Anyone not serious, their licence should be withdrawn. on an average, it takes less than 30 months to build a working modular refiniries and should be encouraged more in states where there are proximity to crude oil. so that government can subsidize the crude oil , sell it to them for the maintime, automate the distribution to avoid smuggling, then espect the price to come down drastically. All thes likely be achieved in 4 years. I believe that is what tinubu government trying to do with time because he has been promoting modular refiniries through osinbajo then but it went down the drain by buhari cabals and their policies. with this, the money will be circulating within the economy and other foreigners that have similar refiniries will not be taking all the money and profits outside the country.. If it works, sub saharan regions will also have a taste of competitive price of fuels and will help nigeria grow well. Situation nigerians find themselves now ia between the devil and the deep blue sea. Government is trying to prevent what is happening in srilanka, venezuela, argentina and lebanon. Before we get to half of what they are passing through as they ran out of foreign reserves and no one ready to bail them out, its better we face a regretable reality. They have looted nigeria dry but we must move forward now because if not, if it goes out of hands, its the masses that will still suffer and kill themselves not them. 34 Likes 1 Share |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by fadsam: 8:13am On Jul 20, 2023 |
Thunder fire Ipman Go and sell in neighboring countries as usual 12 Likes 1 Share |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Dotherightthing: 8:16am On Jul 20, 2023 |
Hahahahahahahaha |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by jumper524(m): 8:23am On Jul 20, 2023 |
Ipman should look for means to attain fuel at cheaper rate so people can leave Gas that is much cheaper for fuel. Abeg where them dey convert car from fuel to gas for this Abuja? The smart folks are already looking for alternatives while the political minions are playing the Hardship script of evil marketers hoarding this products. Sane people who hoarded the price of diesel until independent marketers were allowed to go into business. 3 Likes
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| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by jumper524(m): 8:27am On Jul 20, 2023 |
2023Blessed:funny enough, our political opposition minions are being hypocritical about it despite the fact they all agreed to do it during campaign. Infact, they are at the fore front of making mockery of what they agreed to make. As you said, enemies of Nigeria has started showing their face and the ipob wing turn Labour Party didn't surprise us as they are at the fore front of this. 14 Likes 2 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by ivolt: 8:29am On Jul 20, 2023 |
2023Blessed:Funny thing is when the "scam" was removed, price jumped by 300%. That has to be a real "scam". Illiterates everywhere. 3 Likes |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Nobody: 8:32am On Jul 20, 2023 |
sarkinbauchi: So you think only "Chinedus" are complaining? Chinedus are the ones living and lamenting in Kano, Abuja, Ibadan, Kwara, Benin, and every other Nigerian state abi? Some of you are just unbelievable. How you give tribal colourations to real life problems, just leaves the rest of us without words! Keep it going. Until Nigeria collapses worse than Greece did. 7 Likes |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Godfullsam(m): 8:33am On Jul 20, 2023 |
IPMAN should goan sit down. There is absolute no going back on subsidy removal and total deregulation of the downstream sector. Their dubious marketers should go and farm if they are not marking much gain from petroleum. There is huge gain in agriculture, they can also sell their agricultural products to neighboring countries for more gains. IDIOTS 12 Likes 1 Share |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by Ola9ja23: 8:37am On Jul 20, 2023 |
This one want Subsidy money again 2 Likes |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by adekolaelect(m): 8:42am On Jul 20, 2023 |
Manson1:Stop making yourself fool . Some reasonable Economist known that what is going on is the Foundation to rebuild Nigeria economy. No food for lazy man and the time to readjust our previous wasteful life style that many nigerians thought is the way of enjoying lives. 103 Likes 3 Shares |
| Re: Fuel Purchase Reduced By 50 Per Cent, Reduce Pump Price – IPMAN Begs Tinubu by NOETHNICITY(m): 9:05am On Jul 20, 2023 |
They want FG to reintroduce the subsidy. Thief. 13 Likes 1 Share |
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