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Nairaland Forum / Nairaland / General / Politics / How Much Is A Litre Of Fuel In Your Area. (56874 Views)
How Much Are You Buying A Litre Of Petrol In Your Area? / I Just Bought Fuel At ₦950 A Litre In Ajah / FACTCHECK: One Litre Of Fuel In Nigeria To Cost N462 Without Subsidy? Unlikely (2) (3) (4)
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Re: How Much Is A Litre Of Fuel In Your Area. by chidiokay: 8:57am On May 30, 2023 |
Yugoslavia247: No one needs to tell a Private individual how to run his business becos the forces of Demand and supply for local and foreign are dictators. Prime cost and freight cost is the major differences here, and from all computations the cost of refining our fuel here is Lesser ... when i say lesser i don't mean very cheap. for instance if imported fuel without subsidy wil cost #600per litre, dangote refined fuel should be around #400-500 per litre. No matter how selfish Dangote is, prime cost and other relative cost known to the marketers, is what will dictate his price ... No abracadarraah The official price of dangote will be the cost of refining fuel abroad minus freight associated cost 2 Likes 1 Share |
Re: How Much Is A Litre Of Fuel In Your Area. by Pious101: 9:00am On May 30, 2023 |
Ogunleti01:
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Re: How Much Is A Litre Of Fuel In Your Area. by Yugoslavia247(m): 9:01am On May 30, 2023 |
chidiokay: So buying at 500 naira will solve the problems of Nigeria. The oil theft still continues because oil theft is happening to crude oil not refined oil. Oil theft has done more damage. So will dangote solve that. The government of criminals can never solve the problems 3 Likes |
Re: How Much Is A Litre Of Fuel In Your Area. by Electrokco: 9:06am On May 30, 2023 |
Mr president only said they are going to remove fuel subsidy but hasn't done so yet so why the imidately increase in price 1 Like |
Re: How Much Is A Litre Of Fuel In Your Area. by omoyami: 9:10am On May 30, 2023 |
I woke up to ₦600 per litre fuel this morning. Abejukolo, Omala, Kogi State. |
Re: How Much Is A Litre Of Fuel In Your Area. by Ogunleti01: 9:41am On May 30, 2023 |
[quote author=Pious101 post=123460147][/quote] Crude oil has always been sold at international price to the foreign refineries plus the shipping cost (exportation of crude oil and importation of refined crude)a nd the rest. Are you now telling me that refining locally would not save us enough forex from the bottleneck arising from the transportation of our crude oversea and the importation of the refined products? |
Re: How Much Is A Litre Of Fuel In Your Area. by airsaylongcome: 9:41am On May 30, 2023 |
Satanistx: I sure say if I meet you in person I go burn you, your entire family and village 1 Like |
Re: How Much Is A Litre Of Fuel In Your Area. by chidiokay: 9:46am On May 30, 2023 |
Yugoslavia247: The issue or cruel oil theft can easily be contained, that why the FG employ services of miltants groups and vigilantes to monitor the pipelines and over time there has being a huge relieve from low scores of bursted pipeline, FG is handling that well @least Another name for Nigeria govt is Den of thieves and i think only a thief can unravel a thief's footprint on a tiled road 1 Like |
Re: How Much Is A Litre Of Fuel In Your Area. by Nolevel666: 9:49am On May 30, 2023 |
airsaylongcome:I nor argue with you as you like to be cheated Go and buy fuel for #700 i nor hold you 1 Like |
Re: How Much Is A Litre Of Fuel In Your Area. by Yugoslavia247(m): 9:52am On May 30, 2023 |
chidiokay: Who is talking of pipeline vandals. Is that the oil theft that is milking millions of dollars. Abeg shift |
Re: How Much Is A Litre Of Fuel In Your Area. by airsaylongcome: 9:56am On May 30, 2023 |
Nolevel666: Lol! That's the funny thing. I don't like to be cheated. But this is what capitalism is about! You cannot dictate price to sellers. Understand that the demand for petrol is inelastic. There is almost no close substitute. So the sellers will increase their price until the point when buyers refuse to buy. Then they would have reached equilibrium price. It's basic economics. Government cannot say they remove subsidy and then dictate what price sellers will sell at 1 Like |
Re: How Much Is A Litre Of Fuel In Your Area. by Nolevel666: 10:07am On May 30, 2023 |
airsaylongcome: I understand where you’re coming from. What I’m against is increasing the price of their old stock simply because of rumors just to gain excess profit. Mind you, subsidy has been removed from the next budget so it’s not even news. Had it been they had gotten the new stock with a different price and thereby increased their selling price to balance the equation, then no problem. |
Re: How Much Is A Litre Of Fuel In Your Area. by chidiokay: 10:09am On May 30, 2023 |
Yugoslavia247: i think you are the ignorant one, we have to kind of theft in the oil sector Oil theft from pipelines vandal .. diverted to illegal local modular refineries or neighbouring countries refinery Oil theft by Marketers .. diverting subsidied refined fuel to neighhouring countries. i try to explain in the lowest form i can, because it like i am talking a Jss school student |
Re: How Much Is A Litre Of Fuel In Your Area. by Sososo(f): 10:09am On May 30, 2023 |
Lawsaite:We ll know the actual price by wednesday since monday and tuesday happens to be sit @ home and so many filling stations won't open. |
Re: How Much Is A Litre Of Fuel In Your Area. by Saintinoo(m): 10:10am On May 30, 2023 |
UptownVibes: Simple demand and supply law states that the higher the supply the lower the price. Biggest refinery? Dangote refinery has the capacity to refine 600,000 barrels and that is even on paper. Stop taking Nigeria newspapers serious, if fuel prices should go down, then there should be more than 5 private refineries, the competition will bring down price. Dangote refi very will not serve and even if it does, price will go up because he will run as a monopoly. 1 Like |
Re: How Much Is A Litre Of Fuel In Your Area. by airsaylongcome: 10:14am On May 30, 2023 |
Nolevel666: So I do a bit of buying and selling and I will explain something. Assume I always buy 100 units of an item for resale. And I have sold say 20 items and I hear that my purchase price for those items has gone up, it is only rational that I automatically increase my sales price so that when I go back to purchase, I can still purchase 100. If I don’t tweak my sales price, when I go back to buy, I may only be able to buy 60 units and will already be at a disadvantage as my business will contract from lower sales. It’s pure business fam. It’s not necessarily about making “big profit”. It’s about staying in business 1 Like 2 Shares |
Re: How Much Is A Litre Of Fuel In Your Area. by EnterpriseMan: 10:14am On May 30, 2023 |
LikeAking:I would rather hang myself than vote anything APC related. Last 8yrs was enough |
Re: How Much Is A Litre Of Fuel In Your Area. by Nolevel666: 10:15am On May 30, 2023 |
airsaylongcome:Well, lets see how much fuel finally rolls out per litre. |
Re: How Much Is A Litre Of Fuel In Your Area. by airsaylongcome: 10:18am On May 30, 2023 |
Nolevel666: With total subsidy removal and no interference from government threatening sellers, ₦700-₦1000 price point. With government "modulating" price after subsidy "removal" ₦350-₦500 |
Re: How Much Is A Litre Of Fuel In Your Area. by kals4luv990(m): 10:21am On May 30, 2023 |
spencekat:350 as at this morning in aba |
Re: How Much Is A Litre Of Fuel In Your Area. by Japa007: 10:47am On May 30, 2023 |
femagj:We are talking of meaningful towns, you're calling that slum in ondo. 1 Like |
Re: How Much Is A Litre Of Fuel In Your Area. by Sleekfingers: 10:50am On May 30, 2023 |
Satanistx: Where in my comment did I insult you or anyone. Ogun kill you there for insulting your useless father. ill-bred child jatijati. What's stopping you from making your comment , without insulting your useless? The subsidy is gone . And if you don't like itm go and kill yourself. |
Re: How Much Is A Litre Of Fuel In Your Area. by adenines(m): 10:59am On May 30, 2023 |
Re: How Much Is A Litre Of Fuel In Your Area. by Japa007: 11:04am On May 30, 2023 |
Mazulu:God should help the south-wastern pigs, not Nigeria 1 Like |
Re: How Much Is A Litre Of Fuel In Your Area. by Kosars: 11:05am On May 30, 2023 |
Raalsalghul:A litre for our side is 500 |
Re: How Much Is A Litre Of Fuel In Your Area. by Japa007: 11:08am On May 30, 2023 |
LincolnOnyeabor:Ife sina isi mebie.. The leaders are the problem, every filling stations must follow the 'No subsidy policy'. Welcome to the next level, I pity ewedu-munchers in the south-wastes, who know as them faces go be now.. Them go begin load their mothers for boots as usual, they must save cost at all level 2 Likes
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Re: How Much Is A Litre Of Fuel In Your Area. by Japa007: 11:19am On May 30, 2023 |
Tflex01:Ain't you a fool?.. Why is ur slum in 'mowe, ogun state' selling for N700, while other are selling lower in other states, afonjas and stupidity are like ewa & garri, they will never have sense, even if they enter grave, still no sense at all 2 Likes |
Re: How Much Is A Litre Of Fuel In Your Area. by Japa007: 11:29am On May 30, 2023 |
I just heard that fuel is sold for #50 per litre in all the south-waste region .. ASIWAJU IS WORKING 2 Likes |
Re: How Much Is A Litre Of Fuel In Your Area. by Tflex01: 11:31am On May 30, 2023 |
Japa007: Tinubu have 8 years to lead us, he will correct most of this issues. Let's be patient with him. |
Re: How Much Is A Litre Of Fuel In Your Area. by Japa007: 11:34am On May 30, 2023 |
Tflex01:Abeg, carry that ur ewedu mouth wey dey smell go one side, hmmmm.. See the odour everywhere, mtcheeew |
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