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Nairaland Forum / Nairaland / General / Politics / Subsidy Removal Drags Down Petrol Consumption By 28% (37757 Views)
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Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Sojourner1976: 12:58pm On Jul 08, 2023 |
Day169:That's one reason but the main reason is the reduced capacity of millions of Nigerians to afford the commodity. Personally, I use to spend between 10/15k monthly on fuel per week but now I only buy 2/3k fuel mainly on Saturdays to take the family to church. The rest of the days I trek or join public transport. My experience holds true for many people. 2 Likes |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by DeOTR: 1:08pm On Jul 08, 2023 |
masseratti:Don't mind them. As if he doesn't know we politicize everything in this country. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by masseratti: 1:17pm On Jul 08, 2023 |
DeOTR:i wonder. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by grandstar(m): 1:25pm On Jul 08, 2023 |
Believeintruth: You don't trust data coming from government agencies which emphasizes my point about "low trust society" Here's an article below about Nigeria daily petrol consumption https://www.premiumtimesng.com/news/headlines/553297-nmdpra-gives-new-figure-of-daily-petrol-consumption-in-nigeria.html?tztc=1 The government should have some clue that if 50 million litres is released to the market, it would create scarcity. There's no way NNPC won't know this figure. Let's use the lower estimate of 60m litres in that article. Let's assume government lied and only 40% of that figure is consumed daily, that would still cost the government hundreds of billions to subsidize. Nigerian petrol was cheaper than the raw crude oil needed to refine it. It was so insanely cheap. Government isn't ready to continue subsidizing it. 1 Like 1 Share |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Believeintruth: 3:45pm On Jul 08, 2023 |
grandstar: Oga stop the play acting here. I detest this eye service you are doing. You know fully well that data gathering in Nigeria is flawed. Do you know that Nigeria doesn't have an accurate record of the oil Wells they have. There has been cases of under-reporting by IOCs in the past and local oil companies. The first Oil well in Brunel was discovered by 1900 and it is still producing, while Oloibiri 1 which is the first oil well in Nigeria is already decommissioned. According to Shell the proven oil reserves in Oloibiri are more than the one in Brunel, but the Brunel one is still producing while Oloibiri is closed down, and what is interesting is if you calculate the flow rate in barrels per day all these years from Oloibiri there is no way that well should have run dry at that rate. Which begs the question why does the government not have an efficie t data gathering technique at the source to gather flawless data. Bros stop being a hypocrite abeg. The same NNPC that cannot explain the jump in litres of petrol from 54million in 2015 to more than 60million in mid 2016. Bros once again stop being a hypocrite and doing eye service. 1 Like |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by nairalanda1(m): 3:51pm On Jul 08, 2023 |
grandstar: It's difficult to discuss fuel subsidy on this site. Good point you made. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by grandstar(m): 4:15pm On Jul 08, 2023 |
Believeintruth: What eye service? What hypocrisy? What makes me a hypocrite? Who am I doing eye service to ot for? You're a sulking child displaying an extremely worrisome case of deaf ears. Continue living in total denial and confusion. Your tantrums can't change day to night. Winge and whine all you. 2 Likes |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Believeintruth: 4:16pm On Jul 08, 2023 |
grandstar: There is no denial in what I am saying. I am telling you the real facts and the truth that you are being hypocritical and demonstrating eye service. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by JIBO4REAL(m): 5:32pm On Jul 08, 2023 |
Believeintruth: Propaganda from where, I know what I am saying Do you really know how many borders we have I mean where petrol is being smuggled out? |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by JIBO4REAL(m): 5:34pm On Jul 08, 2023 |
lexy2014: Yes it can’t be totally stop in as much there’s price differences between the neighboring country , actually the profit has been reduced |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by JIBO4REAL(m): 5:37pm On Jul 08, 2023 |
BabaCommander: Yes it’s still cheaper but no more profitable, instead they brought in Rice and supply petrol |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by NLPoliceWoman: 5:40pm On Jul 08, 2023 |
RTR |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by lexy2014: 7:14pm On Jul 08, 2023 |
JIBO4REAL: How does the fuel get to neighboring countries? |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Believeintruth: 7:17pm On Jul 08, 2023 |
JIBO4REAL: You don't even have a definite quantity that is being smuggled and you are here talking. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by leokid866: 7:38pm On Jul 08, 2023 |
CodeTemplar:okay you that know better tell us true true..... |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by NLPoliceWoman: 12:26pm On Jul 09, 2023 |
RTR |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by JIBO4REAL(m): 8:48pm On Jul 09, 2023 |
Believeintruth: Hahaha how do you expect me to have definite quality that is being smuggled out when we have more than 100 routes to neighboring countries |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by JIBO4REAL(m): 8:49pm On Jul 09, 2023 |
lexy2014: There are more than 100 routes leading to neighboring countries |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Believeintruth: 8:51pm On Jul 09, 2023 |
JIBO4REAL: Oga it is not about the routes. The problem is the data system being practiced we pay subsidy for what is imported bot what is actually consumed so anyone can claim an amount and NNPC in abid to save face will take the easy way out, blame smuggling. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by lexy2014: 8:58pm On Jul 09, 2023 |
JIBO4REAL: That isn't what I asked you. How does the fuel get to neighboring countries? |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by NLPoliceWoman: 10:37am On Jul 10, 2023 |
RTR |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Dougad: 11:46am On Jul 10, 2023 |
SKIBiNSKI: That guy is a fucking idiot. He's literally the biggest worthless scum on this site. Lmao 🤣🤣 |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by JIBO4REAL(m): 5:47pm On Jul 10, 2023 |
lexy2014:. I just gave you the answer |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by lexy2014: 5:49pm On Jul 10, 2023 |
JIBO4REAL: You didn't give me the answer. This is what I asked....How does the fuel get to neighboring countries? |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by JIBO4REAL(m): 5:49pm On Jul 10, 2023 |
Believeintruth: I didn’t really understand you |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by JIBO4REAL(m): 5:50pm On Jul 10, 2023 |
lexy2014: Through those routes or borders |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by lexy2014: 5:53pm On Jul 10, 2023 |
JIBO4REAL: How does the fuel goes "Through those routes or borders"? |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Believeintruth: 6:19pm On Jul 10, 2023 |
JIBO4REAL: What I meant to say is that the projections for subsidy are made based on what the marketers claim they brought in and not from an empirical analysis of what the consumption is. |
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