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Petrol May Hit N800/litre On Subsidy Removal – Marketers - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Petrol May Hit N800/litre On Subsidy Removal – Marketers (16620 Views)

Diesel Price Drops As Dangote Sells ₦‎1,225/Litre, Supplies Petrol May / Petrol Landing Cost Hits N1,000/litre On FX Crisis / Subsidy Removal: Marketers Galvanise For CNG Rollout At N100/litre (2) (3) (4)

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Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by Nobody: 8:01am On Jan 23, 2023
adecz:


The issue all these brainless leaders
are all singing is "removal of subsidy'.

The question is, why did we as a nation
decide to kill our own refineries and
prefer to patronize other countries, thereby
visiting poverty and unemployment on
our people❓

It's basically like the biggest cassava
producer in a town, who has a very large
family, but decides to buy all his garri &
akpu from the open market. Don't you
think it's a waste of money❓

If we are deregulating, have we thought
of the impact on the citizens who are
paid minimum wage of about 💲40/month
or even less than💲25 in the informal
sector❓

Today, a bag of fertilizer is approaching
N30k because of Buhari's bad economic
policies and that is part of the cause of
astronomical price of food .


An answer to all that is simple...we decided that there was something like cheap fuel

That's not how free markets work. Or businesses. Businesses do not exist to make things cheap for the masses, they exist to make money. By forcing the communist idea of 'make things cheap' ...that's how we ended up with bad refineries, and so on.

Venezuela once had the world's largest refinery...at 900000 bpd. Now as at a few years ago it is down to 100000 bpd...all due to the government trying to help poor people by selling fuel cheap.

I hate to say this, but the biggest mistake Nigeria has ever made is to decide there is something called cheap fuel.

(I wish we could have fuel at N10 per liter...but then how do we pay for it?)

1 Like

Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by Nobody: 8:03am On Jan 23, 2023
Agbegbaorogboye:

So where's the investment and the jobs and the other good things you promise from diesel and kerosene cheesy

Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by dangoteinlaw: 8:03am On Jan 23, 2023
nymphomaniac:
Time to buy a TESLA CAR
and fuel your generator to charge it. Teslas are a joke bro

1 Like

Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by clinician2x: 8:04am On Jan 23, 2023
Babysho:


Na salary earners go suffer am o

Government officials are salary earners, they no go suffer anything.

It is the millions of poor people in the country.

Some are earning 8k a month, 15k a month, 20k a month, 30k a month.

All these money will be spent on transportation a month and they will go home with zero at the end of the month.

HELL

1 Like

Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by clinician2x: 8:05am On Jan 23, 2023
Agbegbaorogboye:

So where's the investment and the jobs and the other good things you promise from diesel and kerosene cheesy

Hehehe good question.
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by Pascal9: 8:05am On Jan 23, 2023
adenine02:
angry

At least let it be available
you de ment, didn't you protest at ojota, hypocrite
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by Nobody: 8:07am On Jan 23, 2023
clinician2x:


Hehehe good question.

And the answer is simple...the losses that come from selling subsidised petrol destroy any benefit that comes from removing subsides on kerosene and diesel.

It is so simple, yet you Buhari supporters do not see it.
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by Moh247: 8:07am On Jan 23, 2023
cornelman:
That was said to Abraham, a righteous and just man, not to Moh247 who supports evil party

God knows the evil agressors cursing others and he would punish them appropriately
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by clinician2x: 8:07am On Jan 23, 2023
Indelibleage:
Then you people will see the unthinkable.
Is it not because we're still buying it from you people that's why you're bold to continue with the hike?
We're ready to show you. Just try it.

So u will stop buying fuel ni? How will you stop buying fuel or don't u have sense?

Will you start trekking like a goat or lizard everywhere you're going to?
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by clinician2x: 8:08am On Jan 23, 2023
Kobonaire4:


And the answer is simple...the losses that come from selling subsidised petrol destroy any benefit that comes from removing subsides on kerosene and diesel.

It is so simple, yet you Buhari supporters do not see it.

U de talk nonsense.
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by Nobody: 8:09am On Jan 23, 2023
clinician2x:


U de talk nonsense.

Thanks, I'm glad you don't understand me, comrade of the Nigerian marxist party.
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by MondayOsunbor(m): 8:10am On Jan 23, 2023
adenigga:


Source: https://punchng.com/Petrol-may-hit-N800/litre-on-subsidy-removal-Marketers


Nigerian National Petroleum Company Limited


So buhari have succeed in cornering our NNPC
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by IntroTech: 8:11am On Jan 23, 2023
These marketers have not said what they are benefitting from these subsidy payments.
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by dosage150(m): 8:11am On Jan 23, 2023
clinician2x:


The person that earn 20k a month as salary who spend 6k in transportation when fuel is 200, will be spending 24k in transport with furl at 800.

Salary: 20k

Transport: 24k

Hehehehe
All we ask for is a "STANBLE" economy

It is hard to plan yourself in Nigeria now
What is sold at #5, you will come back in the evening of same day , they will tell you #250

I believe when we have stable economy
NLC will have to review minimum wage and see to its implementation

Things are costly as well in Europe, but it is stable that a lay man can actually plan and even build

If you are planning here, the economy will be laughing at you 🤣🤣🤣🤣
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by berbs: 8:12am On Jan 23, 2023
SCAM ooooo.
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by clinician2x: 8:13am On Jan 23, 2023
Sonicroyel:


Bicycle right time to go buy my dmx

So imagine they call u for interview as per graduate u carry bicycle de pedal de go. Reach there tired de sweat like thief. Na ur body go tell u

1 Like

Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by orisa37: 8:17am On Jan 23, 2023
LET IT BE. REMOVE SUBSIDIES. EVERY NIGERIAN PRODUCT PRICE INCLUDING GARI AND PALM OIL IN THE MARKET IS PRICED BY THE DOLLAR.
EMEFIELE, MINISTERS, LEGISLATORS AND BANKERS ARE ALL SPENDING DOLLARS IN NIGERIA AND STEALING TREASURY BILLS LEFT RIGHT AND CENTRE.
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by FuckTheMod: 8:17am On Jan 23, 2023
Cryomancer:
Nigeria is just a huge crime scene... All that happens in Nigeria defies every logic and laws ever known to men.

It will take more than 8yrs of Peter Obi to undo the damage that APC has brought upon Nigeria.

Dreamer

Tinubu is the reality
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by clinician2x: 8:19am On Jan 23, 2023
Kobonaire4:



An answer to all that is simple...we decided that there was something like cheap fuel

That's not how free markets work. Or businesses. Businesses do not exist to make things cheap for the masses, they exist to make money. By forcing the communist idea of 'make things cheap' ...that's how we ended up with bad refineries, and so on.

Venezuela once had the world's largest refinery...at 900000 bpd. Now as at a few years ago it is down to 100000 bpd...all due to the government trying to help poor people by selling fuel cheap.

I hate to say this, but the biggest mistake Nigeria has ever made is to decide there is something called cheap fuel.

(I wish we could have fuel at N10 per liter...but then how do we pay for it?)

Fuel at 800# will be HELL

People will groan.

They go suffer ahhhh

People will become suicidal.

They go jump inside lagoon commit suicide.

People go suffer.

HELL

4 Likes 1 Share

Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by AmuDimpka: 8:19am On Jan 23, 2023
“APC supporters are buying it for N50/L while others are buying it for N350 to as much as N500 per litre.”
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by freemanq(m): 8:22am On Jan 23, 2023
Both the Government and independent marketers are not sincere to Nigerians. But God will fight this battle for us
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by tamdun: 8:23am On Jan 23, 2023
Thieves,just say u don't want the removal of subsidy so u can continue forging documents to get money from fed govt
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by ceaser: 8:24am On Jan 23, 2023
Cryomancer:
Nigeria is just a huge crime scene... All that happens in Nigeria defies every logic and laws ever known to men.

It will take more than 8yrs of Peter Obi to undo the damage that APC has brought upon Nigeria.


This is another reason for opponents to doubt your sincerity.

You are already making excuses for him for non-performance throughout 8 years.

This is the same attitude GEJ supporters showed during his time. People that condemn GEJ's government were hurled with insults and curses. I was one of the front line supporters of GEJ when the doctrine of necessity was to be invoked and I also campaigned for the election which he won.

But then he started to fumble so much that he couldn't be defended anymore. And instead of his hard-line followers to criticise him for wrongsoing, they defended his wrongdoings. The difference with Buhari supporters (though not all) is that they do not defend him in his impunity. Even if they won't criticise him because of party affiliation, they'd rather keep quiet and not defend him.

If Peter òbí enters, I'm sure it will be a crime for Nigerians to criticise him for wrongdoing. Ńa curse and abuses una go dey rain on top people wey get differing views.

2 Likes

Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by CSTRR: 8:25am On Jan 23, 2023
Criminals.

They are benefitting from subsidy.
All the money for health, education, is going to the pockets of these marketers in the name of subsidy.

Remove the subsidy. Competition will drive the prices down.
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by nedekid: 8:26am On Jan 23, 2023
Pardon me for not reading the whole writeup.
The subsidy should be removed! If it likes let it be 1k per liter. Not one kobo of subsidy shoukd be paid as it it a huge scam used to milk the country.
My question is that, does it make sense that Nnpc is the only one allowed to import petrol? Does that make sense? What has government got to do with fuel importation? Why must this country be run thus way for goodness sake!
Pat utomi spoke of why he chose to support one of the candidates. That as a businessman, banker, trader etc, what the fellow possibly will do is allow anybody, be you trader, banker, oil company, importer and exporter etc to import fuel once you can finance yourself. All government will do is regulate the quality. Eg premium unleaded, to the cheaper quality. Afterall you averagely have 3 options of fuel with different prices in fuel stations abroad.
Competition will bring down the prices over time. It will also encourage businessmen to invest money in local capacity. Some will invest in modular refinaries. Eg an area such as akowonjo, Ikeja could have its portable modular refinary with crude brought in by rail through Agege train station, piped or trucked to the refinary or have it built close to the rail. Another could by by guiness road oba akran near the rail where factories have turned to churches or even abandoned etc.
Dangote refinary will also join the fray, but should not cause another monopoly. He will compete with others including importers and local smaller refinaries. If you are not competitive, you go out if business, Afterall that is why you are privately owned.
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by PJ123: 8:27am On Jan 23, 2023
TheChameleon:


To make Nigeria like he left Anambra a pig sty ?

God forbid. Nigerians wouldn't allow your pipe dream

We have seen the best of APC, let's tryLabour Party. From every angle, Obi is still the best! Tinubu sold Buhari to us and we bought it. I don't know how you can separate a bad product from the seller, both of them are bad, apart from the fact that the seller is currently retarded and weak.

2 Likes

Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by David160(m): 8:27am On Jan 23, 2023
adenigga:


Source: https://punchng.com/Petrol-may-hit-N800/litre-on-subsidy-removal-Marketers


Anyone planning to vote Apc next month may thunder scatter you before then... Demonic party.

2 Likes

Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by EMPEROROFDONBAS(m): 8:28am On Jan 23, 2023
DANGOTE REFINERY, STRUCTURED TO BE SUPPLYIG TO NEIGHBORING COUNTRIES..... URCHINS UNA WELL DONE...
Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by Nobody: 8:28am On Jan 23, 2023
clinician2x:


Fuel at 800# will be HELL

People will groan.

They go suffer ahhhh

People will become suicidal.

They go jump inside lagoon commit suicide.

People go suffer.

HELL


On the other hand, if we keep subsides, yeah things would be cheap....but the widening deficit that results from keeping subsides would force us to take more loans...which would come back to bite us badly.

Also, we would keep losing billions in potential investment, smuggling, and we won't be able to incentivise refineries.

At the end, we would be like the famous frog in a glass bottle filled with water, being heated ...experiment. We won't feel any bad effects now, but it will happen...slowly.

At the end it boils down to either paying N800 or whatever they set at the market...or paying the same sum plus interest at IMF HQ. Your choice.

1 Like

Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by EMPEROROFDONBAS(m): 8:30am On Jan 23, 2023
FuckTheMod:

Dreamer

Tinubu is the reality
mumu.. he wants to heal the country from wht he instituted....

1 Like

Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by Lachynos2k2(m): 8:32am On Jan 23, 2023
Everyone should get their own bicycle. Period

1 Like

Re: Petrol May Hit N800/litre On Subsidy Removal – Marketers by FuckTheMod: 8:33am On Jan 23, 2023
EMPEROROFDONBAS:

mumu.. he wants to heal the country from wht he instituted....
Fool
Blame it on
Rochas
Reverend Nmabaka
Amaechi
Uzodimma etc
They brought the plague to you people.

It's no longer about party, stop FOOLING yourself.

Tinubu will win eventually tongue

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