orikoku:
Blood of abegnigo. Who go buy am.

sleek214:

If removed, you'll be the 1st one to shout, abuse, curse. Bunch of ungrateful ipob Obidient clowns

rusher14:


How much would it be?

rusher14:


Nobody in this world can get the price of petrol to less than the international market price.

FireUpNow:

When it comes to cheating us you people will quote i ternational standard when it's ti.e to do the right thing it's the other way round. Baba forget that level jare

einsteine:


What's the price of fuel in the US, Germany or South Korea?

Internal refineries don't change the price of fuel. People are being sold a lie that Dangote Refinery would reduce the price of fuel. Any decrease would be marginal. The only difference is that there may be no need to utilise forex for importation (at the same time, forex gained from crude oil sales may reduce since Dangote won't be paying for crude oil in dollars).

sleek214:

If removed, you'll be the 1st one to shout, abuse, curse. Bunch of ungrateful ipob Obidient clowns

Biodun556:


If they are given Nigerian president for three terms. They still complain

Chicastle:
With constant power supply in the whole country, from urban to rural , who give a Bleep if petrol is sold for 800/liter?

Just fuel up ur car or vehicles, then move on but the problem here is that, 90% of Nigerians needs pms to survive

Kasssandra:
Yes, and without subsidy

1.There won't be massive smuggling of fuel across the borders

2.There won't be looting in the name of 'subsidy claims' and 'inflated figures for fuel'

3.There would be savings of at least 6 trillion naira per annum...immediately

4.There would be more investment in domestic refining...so that Dangote won't hog all the glory and money, and have competiton...apart from his pal BUA.

5.There would be free flow of high quality fuel.

6.Our forex inflows will rise, and the naira would get stronger...since we are no longer wasting money on subsidy

7.NNPC would be a proper private company, not a government dumpyard for 'federal character' candidates.

8. Our economy won't get better...but it would not be awful as it is.

Subsidy has to go. No buts. No ifs..it has to go.

Yes, we will pay nearly N500 for fuel, but we would not be wasting money anymore.

If you like, quote me to abuse me, to yell at me, to shout at me....truth is truth. If you like scream about how Nigerians will suffer...as if we are not suffering from losing trillions of naira to subsidy cabal, and from budget deficit that affects the poor more.


See why subsidy should go?

Ebubu:


So even with dangote refinery functioning and subsidy removed. Fuel will still be N500 ?

That’s still high.

Why can’t it be 250 with an internal refinery ?

Biodun556:


It should be between 200 and 250

rusher14:


And the rubbish is?

Kasssandra:


Ghana where fuel costs N500 or more per liter.?

And if you think Ghanians are happy...one Ghanaian once told me they were not enjoying. Then fuel cost N400 at that time.

At least they earn enough profit for their two refineries to work well.....

CheapHomes1:


What has inflation and cost of production got to do with govts insincerity?

SpecialAdviser:
The very big question to ask is " How did we increase petrol price from 86.5 naira in 2015 to as much as N180 per litre now without removing subsidy?"

A good government will first explain this.

SmartPolician:
Buhari has post-removed the PMS subsidy, starting from June 2023. However, we are not told if it's total or partial removal. Subsidy is not sustainable and it has to be removed.

However, the way forward is to halve the subsidy. Then, PMS will sell for over #200 per litre. If the subsidy is totally removed, that government will triple the sufferings of Nigerians.

sleek214:

If removed, you'll be the 1st one to shout, abuse, curse. Bunch of ungrateful ipob Obidient clowns

SpecialAdviser:
The very big question to ask is " How did we increase petrol price from 86.5 naira in 2015 to as much as N180 per litre now without removing subsidy?"

A good government will first explain this.

Biodun556:


If subsidy is totally removed, which is the best option. That's when labour and other interest groups should come in and ensure that the trillions of naira that should have been used for subsidy is used to increase salary of workers, take care of ASUU demands and others.

In fact the fuel subsidy is dragging Nigeria backward.

The 420 naira landing cost of fuel per liter involves tax and duties payed to customs of countries where the fuels come from. So if we refine in Nigeria, it should be between 200 to 250 per liter.

Mind you, the trillions of naira we used for subsidy are paid in dollars. So we are using hundreds of billions of dollars we make from crude oil export to buy refined fuel. That's why there's dollar scarcity making the price of dollars to go up and naira comes down.