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Nairaland Forum / Nairaland / General / Politics / Petrol Price Jumps To ₦350/ltr As Queues Return (27667 Views)
Petrol: Marketers Fault Subsidy Removal Process As Queues Return / Fuel Queues Return To Abuja, Others As Supply Dips / FG Implements Cooking Gas Imports Tax, Price Jumps By 100% (2) (3) (4)
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Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Ashawoman82: 9:45am On May 30, 2023 |
HacheNoire:oga, USA has the largest reservoir of oil ,they are not oil producing nation at all...it was during the time of Obama that they started storing oil,they believe they oil will soon finish in the world and when it happens, they want to be the one in control of the oil market...go and make proper research, it's not everything u see in Google that u should believe . |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Oladeji245(m): 9:45am On May 30, 2023 |
Hussein035:Show me a Nigerian who has not gone through shegey. It’s even possible the shegey you are going through is worse than the people you are making jest of. 1 Like |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by HacheNoire: 9:47am On May 30, 2023 |
wirinet: Minimum wage can be increased Infrastructural development The money can do a lot. Cos even the sis Sist we talking about is a scam. Importers keep inflating what’s not even coming into the country, and the ones that come-in, they still transport to other countries after getting subsidy on it A lot of scam in that scheme called subsidy. It’s just too expensive. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by wirinet(m): 9:48am On May 30, 2023 |
Ashawoman82: Please use your Google, its free. USA is the largest producer of crude oil in the world. The only issue is that the crude is for local consumption and reserves, not for export. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by HacheNoire: 9:48am On May 30, 2023 |
Ashawoman82: Sigh…. Are you sure of what you talking about? I want you to rethink before I start educating you. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Qc1(m): 9:48am On May 30, 2023 |
HacheNoire: Yes Nigeria is paying ₦184 or $0.25/liters for fuel. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Nobody: 9:49am On May 30, 2023 |
Good Development. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by oyeb15: 9:49am On May 30, 2023 |
If u remove subsidy, then open borders immediately |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by LucemFerre: 9:50am On May 30, 2023 |
Same ol same ol #yawn |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Blaze14k: 9:50am On May 30, 2023 |
HacheNoire: When Jonathan wanted to remove it what did u guys do... Its now u know they steal money through that means. All of a sudden all of u who came out are now cool like ice water 2 Likes |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by MT: 9:51am On May 30, 2023 |
Nigerians are mostly unpatriotic. Think of what you can do for your country before what your country can do for you. Tinubu needs to show strength by seizing the licenses of these depots and filling stations sabotaging the economy. Scapegoat a few, others will align. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Scarcity234: 9:51am On May 30, 2023 |
HacheNoire:You said it's not about the corruption that goes on but went ahead to ask if I know how much is being expended monthly on subsidy... What caused the high amount that is spent monthly on subsidy? Increase minimum wage and then an increase in fuel price is the solution ?? He should have also announced the removal and the increase in minimum wage same time. Why the sudden announcement on the day of inauguration without proper consultation or consideration? You can't just announce a removal of subsidy, with the knowledge of the consequence, without offering a cushioning solution to it. This is him being insensitive or misguided by the insensitive lot. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Ashawoman82: 9:52am On May 30, 2023 |
HacheNoire:hmm. Alright I guess I'll have to update my research. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by ejimatic: 9:53am On May 30, 2023 |
2mercy:. We are our problems in Nigeria. The past administration paid the subsidy to the end of 2023 The present administration would decide whether to continue or not. BAT said he would remove it and that implies as from 2024. It is disturbing that marketers increased fuel pump price as from yesterday. This trend must be stopped. We cannot be making life difficult for ourselves . Enough is enough! |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by GoodbutBadguy: 9:53am On May 30, 2023 |
BAT is the only man with iron balls that has what it takes to grow the economy, he just did what OBJ, GEJ, and PMB are afraid to do. Nigerians hate the truth and taking responsibility. Basic economy: it doesn't make sense to borrow for consumption , for how long shall we as a nation continue to borrow loans to enrich a few at the detriment of fuel subsidy? It is simple if the subsidy is a must then it's high time Nigeria run into full-scale capitalism by privatizing every sector so that the FG will have a few loads and then focus on subsidizing the fuel bcs we can't give what we don't have (the USD). |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by gonkin(m): 9:53am On May 30, 2023 |
Qc1: If they didn't have crappy exchange rate or if it was 250 to a dollar we won't mind so if the exchange rate |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by wirinet(m): 9:53am On May 30, 2023 |
HacheNoire: Why did he not announce minimum wage increase and fuel subsidy removal at the same time? How are people to survive before he decides to increase minimum wage? If the subsiby is a scam, should not the new government be more interested in catching and prosecuting the scammers? Afterall EFCC and police are pursuing Yahoo boys everyday like Jack Bauer. Are they powerless against subsidy scammers? Why punish the masses instead? |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by HacheNoire: 9:54am On May 30, 2023 |
wirinet: It’s still day 1, let’s watch. Too early to judge. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by a4cube: 9:58am On May 30, 2023 |
Orbhagbemi555:Lol he is not queuing and lamenting/wailing with you now. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by PROPEACE: 9:59am On May 30, 2023 |
wirinet:But see how ignorant children are celebrating subsidy removal. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Nobody: 9:59am On May 30, 2023 |
GoodofNaija: Unfortunately for him. he has No Any Sense to Use. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by HacheNoire: 10:00am On May 30, 2023 |
Ashawoman82: Please do. |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by wirinet(m): 10:01am On May 30, 2023 |
Scarcity234: That's what government mouth pieces we have here do not seem to understand. They will not be able to curtail the backlash such an insensitive and hastly action would bring. I am sure they are relying on army to shoot people if the people react. They will be surprised this time around, as the poor masses would have nothing else to lose but their lives. Every successive government since OBJ has tried sudden subsidy removal and had to rescind the decision when the people reacted. Tinubu is just forming voltron feeling he can take on Nigerian since he is nicknamed Jagaban. Let's wait till next week. 2 Likes |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by chidiokay: 10:02am On May 30, 2023 |
HacheNoire: Whats best for the country is what benefit the country on the long run, but in these case of Subsidy removal i don't see it benefiting the country both on short and long term due mainly to insincerity in governance and criminality in the oil sector. A serious govt won't dive into subsidy removal without, cushion policies, alternatives and contingencies plan to arrest effects of "Panic buy" Remember Diesel & kerosene had alternative despite that none is below #800 per litre today .. now imagine Fuel that has no alternative, infact Nigeria economy runs on fuel, the inflation effect will be unprintable |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Investorozay: 10:02am On May 30, 2023 |
eliyke: ah we have been scammed oh. cause they have pushed forward so many dates on that refinery |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Orbhagbemi555: 10:06am On May 30, 2023 |
a4cube:We're already ruling on agulu 😁😄😄 |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by OGHENAOGIE(m): 10:06am On May 30, 2023 |
Tonyblessed:both Atiku Obi said they would remove subsidy if they become president... Elections is over grow up... Ur wailing makes no difference |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by LockDown69(m): 10:10am On May 30, 2023 |
Buhari to Nigerians right now 1 Like
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Re: Petrol Price Jumps To ₦350/ltr As Queues Return by aAK1(m): 10:11am On May 30, 2023 |
Government should quickly set up public transportation schemes all over the federation and subsidize it. Do it to a point were it won’t make sense to drive your personal car to work and let’s see if this will not work |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by OGHENAOGIE(m): 10:12am On May 30, 2023 |
wirinet:which metrics are u using to measure credibility is it obidients cheap noise.. unpopular how someone who got 25 percent in 30 States?? We know how some marketers do things... Even with subsidy wasn't there fuel scarcity before naira saga during buhari tenure... U guys should have open mind tinubu won a fair elections... Na Ina wey push Obi to run under LP make APC win easy otherwise Atiku would have been president Toda... 1 Like |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Ade3131: 10:12am On May 30, 2023 |
Zionmdde: Sorry to disappoint you, Dangote refinery will sell at international market price despite sourcing for raw materials here and producing locally. He's going to enjoy his monopoly to the fullest. And just to add, prepare for MTN kind of monopoly when GSM first came to Nigeria. His business model isn't built on patriotism. Check how much he sells cement and flour locally and compare to how much he sells in other African countries. The only way subsidy removal wouldn't have affected Nigerians negatively is if the removal was done after all 4 government refineries are working in full capacity alongside the Dangote refinery to drive competition. Let's see how things pan out sha. 1 Like |
Re: Petrol Price Jumps To ₦350/ltr As Queues Return by Shattuck(m): 10:13am On May 30, 2023 |
HacheNoire:stop defending nonsense, subsidy has to go everyone knows that Jonathan tried it you guys including tinubu criticized him, but that's not the point, on your first day on the job you haven't settled yet the first thing you do is to inflict more hardship on Nigerians where you haven't fully figured out the situation on ground both politically and economically, 24hrs later the presidency is radio silent, we should be wiser than this. |
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