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Nairaland Forum / Nairaland / General / Politics / Petrol Landing Cost Hits N1,000/litre On FX Crisis (30133 Views)
Petrol Landing Cost Hits N1000 Per Liter Mark / Depots Deserted As Petrol Landing Cost Hits ₦720/Litre / Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion (2) (3) (4)
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Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by Orlu13: 10:35pm On Feb 14 |
Bala blue this lesson you are teaching obi is getting interesting.... jagaban till 2099...we die here 3 Likes 1 Share |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by barrysome001: 10:39pm On Feb 14 |
nairalanda1:Wahala ti wa o |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by Tealcrestmedia(m): 10:40pm On Feb 14 |
nairalanda1: Clap for yourself Mr analyzer. Hadit been I know you now.... So they can't run a cost reflective government, but they can easily tamper and justify every other thing that affects the masses directly. You guys just open your mouths waaaah and start justifying evil... Continue,till it hits you in the face. 6 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by gratiaeo(m): 10:41pm On Feb 14 |
Abagworo:Chai! I remember when you goons were insulting GEJ before 2015 election without knowing the man was fighting for your future and future of your unborn children 5 Likes 1 Share |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by chiefolododo(m): 10:42pm On Feb 14 |
Subsidy is back through the back door, I don't understand!! If subsidy is back ,then petrol price should go back to it's normal price 5 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by MT: 10:45pm On Feb 14 |
nairalanda1: You make a lot of sense. Oil price is determined by international benchmark. If Nigeria is still selling oil by N97 , where are we going to get the money to pay the subsidy? That is where pump prices are being adjusted according to the benchmark all over the world. |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by aimmoney9: 10:46pm On Feb 14 |
nairalanda1:Fuel per litre the world over now costs more than a dollar or nearly 1.50$ .......... Are you ready to pay 2400 naira per litre of fuel as a dollar is now 1630 naira now and climbing, clown...... 2 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by cucumbar: 10:47pm On Feb 14 |
nairalanda1:Na your money dem use subsidize am? Busybody… anywhere you hear fuel subsidy you must jump in. 6 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by MrMcJay(m): 10:49pm On Feb 14 |
INTEGRITYA1: Do you know that if that property worth 10M has appreciated by 100% to 20M, it is still a loss or someone converting from dollars. That $12k he converted to Naira, if he wants to his 12k back, he needs almost 19M. Isn't it better to leave the $12k in the bank than to buy a property here and the Naira profit isn't even up to the USD capital invested. 1 Like |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by JoeEeL(m): 10:50pm On Feb 14 |
ONE NIGERIA FA E FE KU...... |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by MT: 10:50pm On Feb 14 |
INTEGRITYA1: Your illustration is faulty. That hypothetical property won't cost 10million naira, it would have been adjusted upward to reflect the reality on ground. So you might need more than 12,500USD to get the same property. |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by tete7000(m): 10:52pm On Feb 14 |
nairalanda1: Imagine you are the president of this country and with current economic reality on ground, will you bring petrol to over a thousand Naira? 4 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by Erons2000(f): 10:52pm On Feb 14 |
good for Nigerians they won't ever learn 2 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by THilfiger: 10:53pm On Feb 14 |
Pure Handicap. |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by MT: 10:53pm On Feb 14 |
Cost of fuel is a global thing. Fuel is expensive all over the world. Even if you do comparative analysis, petrol is cheaper in Nigeria as it is now, compared to other western countries |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by tnerro1(m): 10:54pm On Feb 14 |
And yet the government says they can’t pay 100k minimum wage, hope things are not about to get hot in this country ooo 2 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by tete7000(m): 10:54pm On Feb 14 |
INTEGRITYA1: And you think value of the land won't go up too? |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by tnerro1(m): 10:56pm On Feb 14 |
MT: You forgot to tell us the standard of living ,minimum wage and purchasing power of the citizens in this “ other western countries “ 9 Likes 1 Share |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by Tonididdyx: 10:56pm On Feb 14 |
Nicepoker: Venezuela will be heaven compared to where Nigeria will be by June 3 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by deavicky(m): 10:58pm On Feb 14 |
This is all because of Naira fall to dollar. You will not understand till u change 1k for 400 cfa to pay 25000cfa for one useless hotel. Which 8s about #60k meanwhile 10 months aga it would have been #22k by convertion rate. This conutry is completly finshed in the hand of Tinubu and his supporters. 3 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by MT: 10:58pm On Feb 14 |
tnerro1: Did you really understand the subject being discussed? |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by tete7000(m): 11:00pm On Feb 14 |
MT: When you factor subsidized social infrastructure those other countries enjoy, then fuel is not expensive to them, they can live without much of it. Stop comparing a country with no social support system with those who have When analysing fuel price. If mass transit system exists, if power is available, if water run in people's homes they won't complain much. Your leaders steal all moneys they ought to use to make social amenities available to people leaving them without support and turn around to remove subsidy and you are here sheepishly and ignorantly echoing their senseless argument. 9 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by ALLNIGERIANSMAD(m): 11:02pm On Feb 14 |
nairalanda1:wetin this weyrey dey talk 7 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by MT: 11:02pm On Feb 14 |
tnerro1: You guys are always quick to jump into standard of living in the western world, yet you are not ready to pay what they are paying. Do you know the number of bills they pay? How many do you pay? How many of you pay taxes at all. Lot of Nigerians have never paid any form of tax in their lifetime? If the Government starts to charge you for owning TV, wont you scream to high heaven. The people groan in the western nations too. It is not the paradise you think it is. If not that our past leaders have really destroyed this country and lack foresight, Nigeria should be competing favourably in the world. However, Nigerians want to live in a country that looks like Dubai without doing their bits. |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by tnerro1(m): 11:02pm On Feb 14 |
MT: High fuel prices will led to higher cost of living, if the government sell at that price to eliminate subsidies, then the effect will be on the masses. Is not about writing a long episode to explain ur views 4 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by MT: 11:03pm On Feb 14 |
tnerro1: So why were you asking for a minimum wage of 100k? Where do you expect your country to find it? |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by ALLNIGERIANSMAD(m): 11:04pm On Feb 14 |
tete7000:you have energy to explain things to that brainless fool, small wisdom they don't have 5 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by MadamExcellency: 11:04pm On Feb 14 |
nairalanda1: If we leave government for people like you, the country will be survival of the fittest. But that wouldn't happen. Good people are still plenty but our time will come. ADHD Ben 3 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by PARADIZEPRIEST: 11:05pm On Feb 14 |
Forget all these rhetorics,and supply Nigeria citizens their fuel,is our crush and must not pay premium for it. |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by tnerro1(m): 11:05pm On Feb 14 |
MT: You must be comfortable, that’s why you think they should drag millions of poor people into the same standard of western societies in 8 months with nothing to cushion the impact 3 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by Lovemaester: 11:06pm On Feb 14 |
nairalanda1: That money u quoted is far from the original cost for subsidy. Based on my permutations fuel subsidy for 2022 was not up to 450billion the rest was looted. The entire subsidy has to be restructured to reflect the true cost and with that Nigeria can very well afford it. Even Australia who subsidizes petrol did not spend upto 150million dollars in 2022. 2 Likes |
Re: Petrol Landing Cost Hits N1,000/litre On FX Crisis by MT: 11:06pm On Feb 14 |
tete7000: The bolded is a lie. I was in Nigeria sometimes and the electricity was relatively stable. I heard people complaining that the amount charged on their meters was finishing quickly. What did they do? They started bypassing the meters. Most of you cant pay for the so-called "enjoyment" you covet in the western world. Na so so complaints. If not, go ask your peeps abroad how they are complaining about bills taking large chunks of their salaries. You even talk of "social support", do you know how much UK government collects from each citizen monthly as National Insurance. If Nigeria government starts to implement that, you will all cry to high heaven or you think it is the UK or Canada Government that is making provision for the social support system? |
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