Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,117 members, 7,818,333 topics. Date: Sunday, 05 May 2024 at 01:02 PM

NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre (20776 Views)

Filling Stations Slash Petrol Pump Price As Naira Appreciates To 7-Month High / Petrol Pump Price Reduced To N121.50 By FG / Expected Petrol Pump Price Drops To N114.53 Per Litre (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Pharaoh4rin(m): 8:53am On Jul 19, 2022
APC is evil, but more evil are the supporters of the party such as bbqmannagrillz, helinus, etc who still see nothing wrong in their mortal exercise.
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by AwkaFinest: 8:55am On Jul 19, 2022
emmanuelbrown26:
I love it, if u can't buy it better manufacture ur own fuel.
Hope all d urchins are buying at 80naira, if not untimely death for dem



iseeeeeeeeeeeh

1 Like 1 Share

Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by oyeb15: 8:58am On Jul 19, 2022
Make APC just dey go.I keep my PVC in a very safe place so as to vote them out next year.

From Local Government to Presidency, I will never vote anything APC again.

1 Like

Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Pharaoh4rin(m): 8:58am On Jul 19, 2022
vastolord4:
Ok na.. everything is now quietly happening.. Tinubu is still quiet since after the Osun's state elections

Guy, I d vez, no come d make me laff this morning grin grin

1 Like

Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Lighthammer(m): 8:59am On Jul 19, 2022
Am speechless. Evil people at the helm.,... My concern is that some set of Nigerians will still vote for this kind of people next year... Its a pity... The children of a butcher are eating bones... The children of a cloth seller at wearing rags...
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by blaise26abj(m): 9:02am On Jul 19, 2022
IamANigerianMan:
If that will make fuel scarcity over let it be
That will be the case whenever they want to increase the price . Trigger scarcity and wait till people are frustrated then increase the price so that simpletons like you will say , “ if it will make scarcity over , let it be “ .
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Pharaoh4rin(m): 9:04am On Jul 19, 2022
SultanOfPuna:
At this point,
Im ready to kill anyone that vote Tinubu.
For thae sake of my unborn children.
I WILL KILL YOU!!!!

You wont put me and my unborn generation into another 8 years of Hell. NO WAY


I love it spirit. I can't even imagine any of my friends or whatsoever that will vote any of these evil party members
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by LordIsaac(m): 9:05am On Jul 19, 2022
izombie:
The issue is not about subsidy. The issue is that the whole refineries in nigeria don't work so we are heavily dependent on importing fuel. Fix the refineries and the price of fuel will drastically reduce and there wouldn't be any need for subsidy. All the importers will have no choice but to adjust their prices. But no, they won't fix the refineries because they are chopping heavily from subsidy.
Good point. I just pray if he wins he doesn't say, like Buhari, that obedience begins with us grin
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by slimanyd: 9:08am On Jul 19, 2022
IamANigerianMan:
If that will make fuel scarcity over let it be

But you amd your people would have gone out in droves during Jonathan era o.
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by eldoradoxx: 9:12am On Jul 19, 2022
If you are too angry with this, go and get your PVC. Nigerians voted out a ruling party in 2015, you can repeat in 2023 by voting out APC at the Presidential election to show example that power truly belongs to the voters. So that the political class will know that if they don't perform, they will be voted out
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Cognitivereason: 9:13am On Jul 19, 2022
bigfish3k:
This is a government of fraud and deceit
Why the quiet increment

APC is just ashamed of itself

And they are still paying subsidy more than triple what Jonathan paid

I suspect that they are just raising money for vote buying for the 2023 elections

I have never seen a party so evil
And yet they still have supporters. Chai.


Reason with ur head

why wont they pay subsidies in triple can u compare the global price of petrol today to what it was in GEJ.

so you expect FG to be paying the same amount for subsidies after Russia Ukraine war?

dey reason na..everything isnt APC

1 Like

Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Cognitivereason: 9:14am On Jul 19, 2022
Pharaoh4rin:
APC is evil, but more evil are the supporters of the party such as bbqmannagrillz, helinus, etc who still see nothing wrong in their mortal exercise.
evil for doing the right thing? Do you know recently lead to increased fuel scarcity even with enough imports coming in
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by MMWandali: 9:16am On Jul 19, 2022
2023 loading

Vote them out
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Khez: 9:21am On Jul 19, 2022
The hunger that will bite people after APC wins again in 2023 would be no adult play loool
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by lafuria1(m): 9:21am On Jul 19, 2022
izombie:
The issue is not about subsidy. The issue is that the whole refineries in nigeria don't work so we are heavily dependent on importing fuel. Fix the refineries and the price of fuel will drastically reduce and there wouldn't be any need for subsidy. All the importers will have no choice but to adjust their prices. But no, they won't fix the refineries because they are chopping heavily from subsidy.

America has so many refineries and yet the the petrol price still went up, do you know why? Because they all bought crude at over 120 dollars per barrel which was just 80 dollars per barrel in January. Simple business arithmetic, will your price of petrol remain the same?

1 Like

Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by djseanjohn77: 9:21am On Jul 19, 2022
kennethfranc:
It's very sad. The fact that this is happening in an oil producing country makes me worried.

More reason why we need to vote LP come 2023.


#OBIAHMED2023


QATAR is oil producing and their population is around (300kindigenes) and total population (residents 2.7m), but fuel price is over N300, the petrol price has been on the increase for 2 years, steadily increasing every month till now.
At least i live there, and i know.

2 Likes

Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Cognitivereason: 9:24am On Jul 19, 2022
NLElder:
Why for goodness sake is it so impossible for refineries to work to capacity in Nigeria? Must we keep importing what we produce? Why is Nigeria so cursed? Even the so called Dangote Refinery they were making noise about has suddenly fizzled away! I am totally tired of this country.

our Curse was Yar-Adua and GEJ administration..
They deliberatly fustrated the interest of private hands to take over and rehabilitate the refineries..

anyways..dangote refinery is still in progress
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by eldoradoxx: 9:26am On Jul 19, 2022
ransomed:
In 2023, vote APC, vote for more calamities.
Thank you.
Vote Labour Party, the party of every single man or woman that earns a living through genuine work. It is a party that will fix Nigeria. Their candidate is credible, has no baggage or anything to hide. Under him, all the refineries MUST work come rain, come shine. He is pragmatic and has detailed plans to revamping the dead economy created by a APC government
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Nobody: 9:26am On Jul 19, 2022
izombie:
The issue is not about subsidy. The issue is that the whole refineries in nigeria don't work so we are heavily dependent on importing fuel. Fix the refineries and the price of fuel will drastically reduce and there wouldn't be any need for subsidy. All the importers will have no choice but to adjust their prices. But no, they won't fix the refineries because they are chopping heavily from subsidy.

Has a lot to do with subsidy.

The money we spend on subsidy, if it was not spent on subsidy, would have been saved by government

Meanwhile, the petroleum sector would have made enough profit...which includes an amount equal to the sum government spends on subsidy, plus extra profit...which would have been enough to boost local refining capacity.

It is because we have been subsidsing fuel since the 1970's that over time, there hasn't been enough profit to fix refineries....and the subsidy paid does not adequately cover the losses that result from refining fuel at N300 and above, and selling it at N165.
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Nobody: 9:31am On Jul 19, 2022
Cognitivereason:


our Curse was Yar-Adua and GEJ administration..
They deliberatly fustrated the interest of private hands to take over and rehabilitate the refineries..

anyways..dangote refinery is still in progress

They did not, they continued with subsidy. That is what chased away private hands from rehab and operating refineries., or even doing new ones.

Subsidy means that fuel would be sold at a loss, and government pays the petroleum industry some money..the subsidy...to cover that loss. In practice, since costs of production rise all the time...the subsidy is inadequate.

That is why we haven't had any new refineries from NNPC...NNPC has always operated at a loss for a long time.

If GEJ-Yaradua had removed subsidy, yes, we would have been buying fuel at N150 as early as 2011, BUT....there would have been enough incentive for private people to run refineries.

Privatising refineries does not mean that Company W would come and build new refinery from you...they must surely make a profit while doing so. If they cannot...they won't come. Using an example from the GSM sector...all those facilites MTN, Airtel, and Glo built...ya think they would have done so if government did not allow them to set the price of their service..so that they could recoup their investment.

Nigerians need to give up this idea that fuel must be cheap...it is driving away investment.

1 Like

Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Foolishbuhari: 9:36am On Jul 19, 2022
IamANigerianMan:
If that will make fuel scarcity over let it be
Would you say the same if it were GEJ? kiss
Las Las, Nigerians go get sense!
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by cybersoldiers: 9:37am On Jul 19, 2022
IamANigerianMan:
If that will make fuel scarcity over let it be

Thats what they expected you to say.

Why not condemn this wicked Evil party that doesn't care about the welfare of the masses who voted them?

And people like you possibly will also shamelessly campaign for APC again.
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by cybersoldiers: 9:39am On Jul 19, 2022
Cognitivereason:


our Curse was Yar-Adua and GEJ administration..
They deliberatly fustrated the interest of private hands to take over and rehabilitate the refineries..

anyways..dangote refinery is still in progress

You're indeed a big fool.

So its cool that APC Tinubu increase price of everything in the market.

There no difference between you and the drug lord.
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Nobody: 9:41am On Jul 19, 2022
Saintinoo:


Fuel scarcity can go forever, the scarcity is a ploy to increase the fuel price, soon another scarcity will come and fuel subsidy will go. Fuel will be sold for up to 400 Naira.

Main reason for this scarcity is roughly that marketers and NNPC cannot transport petrol to end user at the current prices...because the cost of diesel is very very high...

Sweet thing is that even APC members will buy at that price, there is no sense in supporting these politicians.

Yep...actions have consequences.
UK, US, and Egypt are currently subsidising Gas for their citizens, Nigeria corrupt leaders are bringing hardship to it own citizens.

1.Nigeria still subsidsies fuel....otherwise we would be paying between N400-700 by now.

2. UK does not subsidize gas, fuel or any other fossil fuel at all (and prices are high in part because it is taxed)

3.USA does not subsidize gas, fuel or any other fossil fuel. (They may give some assistance to the poorest of the poor to buy fuel, but that's it.). US has very high fuel prices...

4.Egypt was subsidizing fuel....but they have reduced the amount they spend on subsidy. Now they spend about 10% of what they spent in 2014 on subsides...and as a result prices have gone up (Reuters article on matter)
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Prisco4luv(m): 9:41am On Jul 19, 2022
It shall not be well with them.
Am still buying 200 per litre.
Obedient will stop all this.
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Bigchristo22(m): 9:42am On Jul 19, 2022
IamANigerianMan:
If that will make fuel scarcity over let it be
So you think this will actually stop petrol scarcity? Then you are very new to Nigeria system, they would have increased more than this if not for coming election, if they eventually win election the fuel price will skyrocket
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Nobody: 9:42am On Jul 19, 2022
cybersoldiers:


You're indeed a big fool.

So its cool that APC Tinubu increase price of everything in the market.

There no difference between you and the drug lord.

And between your PDP...who met fuel around 22 naira and left it around N87.(officially, unofficially it was above N100-200 in many places. And scarcity was a frequent occurrence then)

APC has run a bad government, but price increases are not a very good way of judging good governance.
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Aldol: 9:44am On Jul 19, 2022
quentin06:


Docile dumb massess, animals always choose the smartest and strongest to lead them , but we humans choose the dumbest to lead us.

Figure that out. cool
Not far from the truth
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Nobody: 9:45am On Jul 19, 2022
Prisco4luv:
It shall not be well with them.
Am still buying 200 per litre.
Obedient will stop all this.

If you want Obi to reduce prices of fuel....that means raising fuel subsidy payments...which could lead to an Obi government taking money earmarked for other things...like salaries, projects, etc...to pay for subsidisng fuel to say N90 per liter....

If you want Obi to build more refineries...then he has to attract investors who would be willing to do so...with guarantees that they would recoup their investment...which means removing subsides, and allowing fuel to be sold at the price the market sets.
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Cognitivereason: 9:45am On Jul 19, 2022
cybersoldiers:


You're indeed a big fool.

So its cool that APC Tinubu increase price of everything in the market.

There no difference between you and the drug lord.

Your just a street illiterate..

I speakig in references to what caused the increase

Marketers cannot send PMS to other states in the countries because the fuel needed for transport which is diesel has gone high..so many after seeing it no longer profitable refusing driving their trucks to supply PMS.. this is what causing or should I say worsening PMS scarcity..

NNPC had to adjust the pricing to make it profitable so that all the marketers can go back to work..this is common sense..the blaim is on the russian war which triggered oil prices and diesel prices as well..

it not by shouting APC, PDP ,bubu...it by using ur common God gifted Brain to crtically analize issues
Goodday
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by IamANigerianMan: 9:46am On Jul 19, 2022
cybersoldiers:


Thats what they expected you to say.

Why not condemn this wicked Evil party that doesn't care about the welfare of the masses who voted them?

And people like you possibly will also shamelessly campaign for APC again.
Condemn who? When last did anybody in Nigeria buy a litre of fuel 165? It has been between 200 to 380 as a result of fuel scarcity, As long as there is queue someone will increase the price
Re: NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre by Nobody: 9:47am On Jul 19, 2022
IamANigerianMan:

Condemn who? When last did anybody in Nigeria buy a litre of fuel 165? It has been between 200 to 380 as a result of fuel scarcity, As long as there is queue someone will increase the price

I did some 2 weeks ago...one could buy if you waited on za queue at the major marketer that was selling it...

(1) (2) (3) (4) (5) (Reply)

Diesel Price Hits N950/Litre, Manufacturers Fear Shutdowns, Job Losses / Boko-Haram Has Destroyed 50 Catholic Churches In Borno / President Buhari Approves Renewal Of Appointment Of 12 Non-Career Ambassadors

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 54
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.