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Nairaland Forum / Nairaland / General / Politics / Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC (19012 Views)
Dangote, Modular Refineries To Pay Naira For Crude / Mele Kyari: Refineries Can’t Be Restored Soon, A Process Is Going On / FG To Establish 18 Modular Refineries In Oil-Producing States (2) (3) (4)
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Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Nobody: 4:01pm On Mar 05, 2022 |
TheGoodJoe: They should spend on the masses. But the cost of subsidy is greater than any amount raised from savings made from cutting cost.... |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Chukwumawisdom: 4:01pm On Mar 05, 2022 |
BSsniffer:the money they are using to import the refined crude and paying of subsidy should be given to modular refinary owners |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by KazikageSama: 4:06pm On Mar 05, 2022 |
backbencher: You are right Sir, cost of production increases every year but let's not forget that even subsidy also rises every year to counter the production rise. |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Alexgeneration(m): 4:06pm On Mar 05, 2022 |
mrvitalis:They have been producing the fuel without these your analysis and supplying them to the filling stations. Take the byproducts to petrochemical in Rivers state. The ones that were refined abroad, did the refineries pay for the byproducts? NO. They gave us what we wanted, we paid them and left the byproducts for them. So,why the change of operation because it's refined locally? This is one of the reasons people hate this country and the leaders. You pay millions abroad to refine the oil, we said, pay the same millions to your fellow countrymen to refine the same oil, you begin to give excuses. Give them just 1 Like |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Olufemiolaolu(m): 4:07pm On Mar 05, 2022 |
[Nothing that will benefit the all and sundry hardly works in Nigeria. Those who are benefit ing won't allow it to work. Some Nnpc staffs are culpable in this. |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Fourwinds: 4:28pm On Mar 05, 2022 |
mrvitalis:I wanted to ignore this thread but many of you reason through your anus...so poor people don't take transport right? A young graduate earning #30000 to #50000 won't take taxi or buses to work abi.. And farmers won't transport themselves and goods to the market right. Reason with your brain not anus 1 Like |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by freshkpomo(m): 4:32pm On Mar 05, 2022 |
mrvitalis:I said it before that yiu are stupid. So because they did not increae fuel price that's why Nigeria is like this? If all the money they stole were properly utilized will we be here in the first place? You are just too dumb, it's an insult wasting insults in dumb people because they never learn. So it's our enotion that embezzle funds to Europe? You don't know how state government tax the hell out of people, your brain need an upgrade. 1 Like |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by mrvitalis(m): 4:52pm On Mar 05, 2022 |
Alexgeneration:Lol do u know what subsidy is ? Lmao subsidy is why u buy fuel that cheap ...no body would operate refinery when government tells u what to sale U asked me to counter you ..I gave u a business analysis and you here talking crap What u buy in Nigeria is low grade fuel that no body in EU or America would buy |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by BennyDGreat: 4:53pm On Mar 05, 2022 |
mrvitalis: Is it not the same people in government today that protested against it. Now, it's difficult to do that due to widespread inflation. The blueprint wey we no get for Nigeria really messed up things. Removing subsidy without nothing to reduce the effect on the masses is a misfire. |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by mrvitalis(m): 4:56pm On Mar 05, 2022 |
freshkpomo:So there is no corruption in Ghana , Benin and Cameroon ? So Nigerians are poorer than those country ? Subsidy itself aids the corruption u want to fight People like u believe it's possible to have democracy without corruption .. lmfao I laugh ...call me names if u like But if Nigeria dont remove subsidy tax petrol enforce tax payment by everyone na still same complain u go dey complain in 50 years time Only a fool keep doing same thing and expecting different results 1 Like |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by rudyislife: 4:57pm On Mar 05, 2022 |
uccheks:I thought I was the only one who saw it from this angle,why not lau the subsidy also to the modular refineries?that way we will have double effect as the money would still go back into our economy. |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by babajero(m): 4:57pm On Mar 05, 2022 |
Come to think of it, Biafra refined fuel with its limited resources, what Nigeria can't do for more than 60 years now, Nigeria is really a failed state. |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by mrvitalis(m): 4:58pm On Mar 05, 2022 |
Fourwinds:So Ghana don't have poor people , Cameroon font have people earning 30,000 a month ? Benin don't have farmers transporting goods yet they pay #400 per litre of fuel Keep wanting short term comfort ...Nigeria can never grow with petrol at below #400 mind u I have a car ,a business that's not connected to NEPA and it would affect me too ...but it's for the long term good of us all 1 Like |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by mrvitalis(m): 4:59pm On Mar 05, 2022 |
BennyDGreat:Not removing subsidy was why Jonathan lost my support |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Raypawer(m): 5:03pm On Mar 05, 2022 |
Omo, that Line of brilliance! 'We can divert subsidiary to modular refineries' Well said! BSsniffer: |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Raypawer(m): 5:05pm On Mar 05, 2022 |
How about subsidy for modular refineries? It's better than importing fuel backbencher: |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by TenQ: 5:11pm On Mar 05, 2022 |
backbencher:Unfortunately the mumu government forget that they own the oil wells and could have decreed that modular refineries purchase crude oil at a discount. If I have yam farm and my family has to eat pounded yam, should I give my yams to the cook I employed to cook for my family at market price? |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Remman(m): 5:13pm On Mar 05, 2022 |
Una don start again! Every time, una go find one foolish reason to stop them from refining crude. Why una no allow them to come out and say so by themselves? Na una go give the announcement on their behalfs? Na wa o...! |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by timefarm(m): 5:15pm On Mar 05, 2022 |
backbencher:What is all these you are saying? The subsidy being paid, is it profit or loss? It will still amount to the same thing. The subsidy that ought to be paid for the qty being refined here can be used to balance the exploration and production company for now. Besides all things being equal, the cost of refining here will be cheaper since shipping fee will be out of it. Even if same cost, more job opportunities created here. So your analysis does not hold. |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Nobody: 5:22pm On Mar 05, 2022 |
TheGoodJoe: The assumption is that the local refiner would 'make it cheap' for us. Sadly it does not work that way really. Machinery, maintenance, sataff salaries, upgrades, even the cost of a new refinery come from the profits made by the exisiting private refinery. That's why it is essential they operate at a profit. You want cheap fuel . Cheap fuel for me is unrealistic. |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Nobody: 5:23pm On Mar 05, 2022 |
erico2k2: So, you want a refinery to refine fuel at N250, sell it at N150, and lose N100 as a result per liter of fuel, and pay a subsidy of N30 that cuts the loss to N70 per liter of fuel? Nice for the masses, but bad for the continued functioning of the refinery. Local or otherwise. |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Nobody: 5:24pm On Mar 05, 2022 |
erico2k2: Ah, when derogatory remarks come, time to go. Thanks for your time, and take it easy. |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Nobody: 5:25pm On Mar 05, 2022 |
erico2k2: Thanks, and good e'en. And yes, I have bills. So do those who work in the petrol industry and who cannot pay their bills effectively thanks to subsidy and price controls. |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Nobody: 5:27pm On Mar 05, 2022 |
KazikageSama: Problem is, the subsidy rising is dependent on government revneue. Revenue comes from crude oil...whose prices are never where we want them (Even during the times of plenty under GEJ, we were still ten dollars short of our ideal crude oil price on a good day...)..so at the end we take loans . (That's partly why Bubu takes so many loans. Even now, he needs N3 trillion for subsidises this year, up from N1 trillion 3 years ago.) |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Nobody: 5:29pm On Mar 05, 2022 |
Raypawer: No, because it means the government will set price at a level where they lose money, and give them subsidy that won't even begin to cover their losses. That's a big reason why we lost our old refineries. |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Nobody: 5:33pm On Mar 05, 2022 |
TenQ:. So, you are now going to tell the people drilling the oil, the people running the rigs that drill the oil and the owner of the rigs that they are not going to earn far less than they earned last year? Right...see if they keep drilling for oil if government is selling at a discount. Plus, if I was government and you were selling rice, and I told you to start selling rice at N1000 per 50kg bag today, would you like it? PEOPLE love to make money. Even oil rig workers. Discounted crude=reduced earnings for them their oga, and the owner of the rigs and oil wells. If I have yam farm and my family has to eat pounded yam, should I give my yams to the cook I employed to cook for my family at market price? There is a world of difference between farming for yourself, and farming yam that would be sold to make money. Unless you are Ebenezer Scrooge, you won't sell the yam you farm to your wife so that she can cook! |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by erico2k2(m): 5:36pm On Mar 05, 2022 |
backbencher:I think this is the time for you to leave and stick to Wolves V crystal palace. If you indeed know what subsidy is you wont have made that statement, it feels like have no clue of what it means for an FG to subsidise a product for its citizen if you knew then you would have realized that the 100 you are quoting as loss would be the subsidy! once again read up what subsidy means instead of making yourself sound not so intelligent! 2 Likes |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by erico2k2(m): 5:37pm On Mar 05, 2022 |
backbencher:Nop our Old refineries died cos people want to import and inflate the volume of imported product to claim subsidy for fluids they never supplied. 1 Like |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Nobody: 5:39pm On Mar 05, 2022 |
timefarm: THE SUBSIDY DOES NOT COVER THE LOSS INCURRED IN SELLING FUEL BELOW THE PRODUCTION COST. It's like you prooducing yam at a cost of N2000 per tuber and selling it at N500 a tuber (because government wants the poor to eat yam) and government pays you, in addition to the N500, a subsiody of N500, so you lose N1000 per tuber of yam sold. See why we don;t have refineries? |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Nobody: 5:40pm On Mar 05, 2022 |
[quote author=erico2k2 post=110776445] Why are you now getting so emotional over an abstract discussion? At the end, it won't matter in 20 years. Calm down. If you indeed know what subsidy is you wont have made that statement, it feels like have no clue of what it means for an FG to subsidise a product for its citizen if you knew then you would have realized that the 100 you are quoting as loss would be the subsidy! Thank you and good evening |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by Nobody: 5:41pm On Mar 05, 2022 |
erico2k2: Good evening and good luck . |
Re: Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC by erico2k2(m): 5:44pm On Mar 05, 2022 |
backbencher:As we speak, we can never have it as good for the last two years, for that past 1 year Oil has been above $90 no one is talking about it, they all went hush hush. Subsidy is the right of the common man and its the Only Bill the Fg pays to elevate the plight of the man on the street so it must go on. What they the FG should check is the corruption surrounding subsidy and volume allocated V volumes supplied. We all hailed the NNPC when they became sole importer we never knew theirs would be worse. As we speak, the FG is getting the Highest revenue from Oil since the exportation of crude from Nigeria. Let the modular refineries sell to the importers and the FG pays the difference in subsidy period.The west still subsidise Diesel for its people ie in the UK up till now still subsidise Diesel to farmers and some sectors of the economy. |
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