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N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva - Politics (6) - Nairaland

Nairaland ForumNairaland GeneralPoliticsN300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva (25387 Views)

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Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by kenoyad: 11:51am On Jan 10, 2023
If a government official is saying this, then it's easier for players to manipulate and toyed with.
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Nobody: 11:55am On Jan 10, 2023
IbeOkehie:
What's your problem, most Nigerians are rich. Do you know the amount of money Nigerians make in Idumota and Ochanja market everyday? Guys dey Computer Village dey load money for container, you de worry about price of fuel for the poor.

There's no poor people in Nigeria so the question doesn't apply. grin
grin
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by IbeOkehie: 12:01pm On Jan 10, 2023
themanderon:
Stop buying into that crap that government doesn't have money. What have they been doing with the billions they have been borrowing for the past 7yrs? Serving their interests of cause.
Actually most of the money has been used to pay fuel subsidy, electricity subsidy and university subsidy and pilgrimage subsidy.

A lot of it also goes into paying salaries for government employees at NNPC refinery, Ajaokuta Steel, National Stadium and FCT Water Corporation and also NTA.

I love watching NTA sha, very entertaining grin
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Yankee101: 12:04pm On Jan 10, 2023
Flog this man
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by orisa37: 12:06pm On Jan 10, 2023
THAT'S BECAUSE IT'S N1000:$1.
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by orisa37: 12:10pm On Jan 10, 2023
SUBSIDIES ARE NOT MAKING SENSE. IT'S A CORRUPT GOVERNMENT THAT IS UNABLE TO REMOVE SUBSIDIES FROM THE SYSTEM.
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by bayelsaowei(m): 12:28pm On Jan 10, 2023
Hahahahaha... grin
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by IbeOkehie: 12:54pm On Jan 10, 2023
Slurity:
We understand that 300/liter is still the cheapest price all over the world but[b] Nigerians don't have the money to buy the fuel in the first place. [/b]So, you are saying nonsense
Please Nigerians have plenty of money o!

If you go Apapa see goods coming into this country you will know the money is here. Go Idumota see container load of money, containers filled to the brim with dollars. Money? Nigeria is rich, the money in this country is crazy, all you need is to know how to collect it. The people wey sabi collect, they collect everyday.

Nna there's nothing like poverty in Nigeria, we can afford the even 500/liter. Nigeria is a rich country.
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Sleekfingers: 1:24pm On Jan 10, 2023
adenigga:
Source: https:///N300-Per-Litre-Price-Of-Petro-Is-Not-Bad-Petroleum-Minister-Sylva
To me 300 naira is still cheap.....when they they remove subsidy Nigerians should be ready to buy a litre for 500 and above......
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by VULCAN(m): 2:41pm On Jan 10, 2023
What a silly response.

A bag of beans is cheaper in all those countries so shouldn't ours be cheaper based on that metric of belonging to the same continent alone?

Duuh

Kobonaire234:
At 300 naira it is even still cheaper than all our African brethren except Algeria and Angola.

Also, seems apc has admitted in essence that 40 naira petrol was a lie.
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Kayyy: 3:17pm On Jan 10, 2023
Can I ask one simple question, When Peter Obi said he would remove subsidy, what price does even his ardent supporters on here think the fuel price would be ?, Y'all think it would be cheaper or more expensive ?, Cos I don't get it, if all the candidates , Peter Obi, Tinubu and Atiku all claim they will remove subsidy do people really have the faintest idea of what that would mean?, Do people not realize that would mean increase in pump price, and that depot, marketers would be the one fixing their prices afterwards ? That there would be no price control from the government again ? , Should you want to blame Buhari and APC, blames them for either intentionally or unintentionally luring Nigerians to disbelieve Jonathan about Subsidy, infact they need to apologize to him about stopping they removal in 2011/2012 but to believe after subsidy removal prices won't go up , the y'all are living in ultimate reality.

What people should be discussing should be after subsidy removal, plans should be put in place to have private investors and NNPC concentrate and focus seriously on having at least 3-4 refineries working optimally in the country, cos when there is excess local production and export, then competition would drive prices downwards to an extent
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Nobody: 3:37pm On Jan 10, 2023
VULCAN:
What a silly response.
But then again, Caesar did not listen to the augurs..


A bag of beans is cheaper in all those countries so shouldn't ours be cheaper based on that metric of belonging to the same continent alone?

Duuh
,


Beans is not crude oil or premium motor spirit.

At the end, regardless of your opinion about my brilliance or lack thereof , if you do not pay the market price for beans or petrol, there will always be a scarcity.

Because things sadly...cost money.

P.S And you are looking at someone who wishes with his whole heart that we could get fuel at N10, and who knows what subsidy removal would do. But keeping the subsidy is one of the ways the IMF has us by the balls, and I don't like it.


PPS 2

In 2022, we spent 0.4 trillion more on subsidy by August of that year than we did for the whole of 2021....due to rising crude oil prices thanks to Putin and Zelensky .....We probably surpassed the 3 trillion mark by December last year.
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Npfn: 4:25pm On Jan 10, 2023
Kobonaire234:
Good morning, and greet your ferrets for me, and do remember to return the book On feeding your ferret by Bonds and Walker to me next week Thursday. Hope you are finding it useful.
Today your on another thread on subsidy trying to complete your work as paid agent to rub faces on the face of Nigerians in this hard ship the truth is that everyone sees through your comment and subsidy will not be removed after election keep up just continue another fuel related thread will come you will appear we know you and other of your accounts
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Npfn: 4:27pm On Jan 10, 2023
Kobonaire234:
But then again, Caesar did not listen to the augurs..


,


Beans is not crude oil or premium motor spirit.

At the end, regardless of your opinion about my brilliance or lack thereof , if you do not pay the market price for beans or petrol, there will always be a scarcity.

Because things sadly...cost money.

P.S And you are looking at someone who wishes with his whole heart that we could get fuel at N10, and who knows what subsidy removal would do. But keeping the subsidy is one of the ways the IMF has us by the balls, and I don't like it.


PPS 2

In 2022, we spent 0.4 trillion more on subsidy by August of that year than we did for the whole of 2021....due to rising crude oil prices thanks to Putin and Zelensky .....We probably surpassed the 3 trillion mark by December last year.
this account is a paid agent to make the minds of Nigerians to accept removal of fuel subsidy and down play the suffering coming if removed this is his work please don't engage him further he will be paid soon in his own coin let him enjoy while it last
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by tivhador: 4:40pm On Jan 10, 2023
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Nobody: 4:47pm On Jan 10, 2023
Npfn:
this account is a paid agent to make the minds of Nigerians to accept removal of fuel subsidy and down play the suffering coming if removed this is his work please don't engage him further he will be paid soon in his own coin let him enjoy while it last
Okay
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Nobody: 4:47pm On Jan 10, 2023
Npfn:
Today your on another thread on subsidy trying to complete your work as paid agent to rub faces on the face of Nigerians in this hard ship the truth is that everyone sees through your comment and subsidy will not be removed after election keep up just continue another fuel related thread will come you will appear we know you and other of your accounts
Okay.
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Pickmycall: 5:37pm On Jan 10, 2023
Kobonaire234:
Do you sell things at less than the price you bought them so that you can help the poor.?
The hoard the fuel in other to create an artificial scarcity and thereby inflate the price to make excess profits
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Nobody: 5:50pm On Jan 10, 2023
Pickmycall:
The hoard the fuel in other to create an artificial scarcity and thereby inflate the price to make excess profits
Because selling at a loss for most of the year leaves them no choice

Also, subsidy money cannot cover for the drastic rises in crude oil costs and transport costs.

So would you sell at a loss to help the poor?
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by occfx: 7:17pm On Jan 10, 2023
SmartPolician:
To be honest, this man isn't making any sense. You made us believe that the PMS subsidy regime is still on and there's a budgetary provision for it.

Sylva should have explained to us why he thinks it's okay for us to buy PMS at #300 per litre as against the pump price of #170 per litre or so. When a product is regulated, the price is supposed to be fixed.

Nigerians don enter one chance cheesy

Cc Kobonaire234
The stupid people protested when GEJ made fuel 87 naira
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by melviniyke2002(m): 7:20pm On Jan 10, 2023
grin chaiii with all dis,some paid urchins wud be supporting apc tinubu on narialand........its a pity....we hv refused to learn.....
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by occfx: 7:21pm On Jan 10, 2023
Abfinest007:
I get angry when I see APC campaigning
They are just calling Nigerians fools, avoiding debates and questions, targeting the majority illiterates and poor masses.
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by uba1991: 8:09pm On Jan 10, 2023
And some animals are still supporting these evil APC?
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by MisfitHPG: 9:13pm On Jan 10, 2023
Kobonaire234:
As high as Nigeria's own and in some instances lower.
in no instance lower,if we get higher pay,I'm sure no one would complain
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by holysaint1(m): 9:33pm On Jan 10, 2023
Kobonaire234:
We also have a largee population and thus more mouths to feed and limited cash to subsidise fuel to 40 naira per liter.
Check other oil producing countries who have much more population than us and see how they are doing just fine in every sphere owing to the proceeds from their sale of crude.

So why should ours be any different if the stealing is not in its most crude form ?
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Nobody: 1:43am On Jan 11, 2023
holysaint1:
Check other oil producing countries who have much more population than us and see how they are doing just fine in every sphere owing to the proceeds from their sale of crude.

So why should ours be any different if the stealing is not in its most crude form ?
Because they are also industrial exporters.

We rely mostly on oil.

Once again there is nothing like.cheap fuel. You pay at the pump or you will pay at the world bank

Finally, Nigeia needs leaders who would diversify the economy
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Nobody: 1:44am On Jan 11, 2023
MisfitHPG:
in no instance lower,if we get higher pay,I'm sure no one would complain
Actually in some instances lower.
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Pickmycall: 6:25am On Jan 11, 2023
Kobonaire234:
Because selling at a loss for most of the year leaves them no choice

Also, subsidy money cannot cover for the drastic rises in crude oil costs and transport costs.

So would you sell at a loss to help the poor?
You are part of the subsidy fraudsters.That is why everything seems right to you.
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by Nobody: 6:29am On Jan 11, 2023
Pickmycall:
You are part of the subsidy fraudsters.That is why everything seems right to you.
Thanks for being such a good player. Have fun..
Re: N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva by IbeOkehie: 11:40am On Jan 11, 2023
Kobonaire234:
Thanks for being such a good player. Have fun..
grin grin grin
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