Spray:

The market is deregulated then why is NNPC always in a hurry to announce a uniformity price?

NNPCL is only setting the price of petrol for their stations. If you own a car or generator and you do buy petrol, you would have known this

Hoelujohn:

Interesting! Who increased the price from 505

I don't get you

Marketers are affected by this subsidy removal.....
Really........
So na una dey enjoy subsidy.....
We go see who go last laugh
Shey una say una get craze
Una craze don jam antidote.

He gave flowers.

Master strategist is strategizing
I don't want to hear pim!!!

Kukutenla:

Let's compare your claims
Nigeria is broke
All our refineries are bad. Fuel is being smuggled.
Which of the above has removal of subsidy cured?
Cos last I checked, Nigerians got poorer with subsidy removal.
Our naira lost value with forex devaluation
Smuggling is still going on across our borders.
So what's your point exactly?
P.S. We have more poor people than Venezuela which you keep yapping about

Better not let people on this site annoy you to excess.

Bobloco:


https://dailypost.ng/2023/07/19/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu/

This is no more under the government of Tinubu

tollyboy5:

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

If you know the dark forces and demoniacs that are usually in charge of these things in Nigeria, just expect the cng price to skyrocket very soon. Nigerians are the problem of Nigeria.

Umueme:


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

Oblivious Obidient Umueme Mumurist, legislation that was passed into law in 2021 by you, is what you are blaming President Bola Tinubu for?

No more room for short cut.
Smuggling fuel to neighbouring countries for high profit.

Ikaeniyan0:
The market have been deregulated. Tinubu do not have the power to decide the price of fuel for filling stations owner.

It is not about reducing the price, they are asking him to reconsider fuel subsidy.

maasoap:

It is not about reducing the price, they are asking him to reconsider fuel subsidy.

fuel subsidy is not recognize by our law. Subsidy is gone for good.

Babzrockman:
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

They should reduce the price below the landing cost, right?

Manson1:
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

Who did you vote for? Didn't he too also vow to remove fuel subsidy? Tell us.

Ikaeniyan0:
The market have been deregulated. Tinubu do not have the power to decide the price of fuel for filling stations owner.

so you now know better than him,abi ? Tinubu’d nairaland spokes person.

What is the name of your filing station ?
Cho cho cho all the time. Keep putting mouth in the issues you know nothing about . Don’t go get a job. Be there aging with nothing

bionixs:
so you now know better than him,abi ? Tinubu’d nairaland spokes person.

What is the name of your filing station ?
Cho cho cho all the time. Keep putting mouth in the issues you know nothing about . Don’t go get a job. Be there aging with nothing

I'm not responsible for how horrible your life is

The criminals among them will not use the forecast for the purpose of importing fuel, rather they will go and sell it to aboki and make some money.

kcprince:
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.

70/90 isn't so bad na

kcprince:
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.

Special window..... Una don start again!!

Ikaeniyan0:
The market have been deregulated. Tinubu do not have the power to decide the price of fuel for filling stations owner.

Dem dey beg the block headed baba to resume giving out subsidy money again.....

priceactionx:
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, catalyst 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.

Obj saw all these and sold off the refineries. Yaradua his anointed candidate came in and reversed it. Yaradua set the oil market rot cleansing back by around 20 years because of his people working at monumentally corrupt NNPC who is still fixing pump price for every petrol dealer despite deregulation

correctguy101:


Dem dey beg the block headed baba to resume giving out subsidy money again.....

Subsidy is gone

No more subsidy

Lol. There was no existential challenge when they were selling at inflated prices during the fake scarcity during the election period.

Everybody go dey alright.

2023Blessed:
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.

They are now being exposed, just imagine the thieves begging for the return of subsidy.
When government subsidies, they smuggle it out of the country and and create artificial scarcity in the country.
If petrol business no dey profitable, make dem diversify into palm oyel na.

You sef just want comment!

Manson1:
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

No responsible government leaves the petroleum sector in the hands of a few greedy men to make abnormal profits from since it's the primary source of energy that drives the economy in a country with epileptic power supply like ours.
It's either they fix the refineries or they remove all bottlenecks preventing the free importation of fuel. Unfortunately those at the top are still the ones feeding fat from the anomalies in the system while their headless followers who are also suffering the brunt of their misrule cheer them on believing the lies they spill about subsidy or no subsidy.
There are still a ton of countries where the government still run the refineries and issues like what we have here are never experienced. Why must ours be different?

jumper524:
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.

Exactly Sir

So, the pump price is not determined by exchange rate and taxation again?

You must be a fool.

...

Bobloco:


https://dailypost.ng/2023/07/19/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu/

Are they not the marketers.... They should beg themselves
They just want to be confusing NIGERIANS

We are doing ourselves and yet we are calling on the GOVT
Mtschew

🤪🤪🤪Beg ok .The table has turned. Thank God I invested in solar when IBEDC turned the supply in my area to twice weekly. Na only to fuel the car when it is absolutely necessary.