₦airaland Forum

Greatex90:
What is stopping you from producing fuel?

I don't own a refinery but dangote does , ND he has made several promises that he would , and that's part of why the government supported his refinery by providing forex for him from taxes that we pay for .

So what's stopping him from producing fuel

TimeManager:
Who are those collecting it?, are petrol marketers still importing fuel and collecting subsidy?. You may want to enlighten us.

-Kiss the truth!

He no go better for you. The suffering of the masses will hunt you to your grave. You choose to chase clout with the suffering of the masses, it won't be well with anyone around you. People are suffering. Should we keep quiet and allow the government send us to our grave? He no go better for in 1 million folds. Oloshi eda. Idiot.

nedu666:
You are really dull. You don't even know how subsidy is used in this context.

You are wasting your time arguing with a zombie. We all know it's impossible to support APC and not sound dull and stupid.

NinjaMetahuman:
I tire o

The person in charge say no subsidy, but they keep believing there is subsidy. Like subsidy is something you can hide or one president can pay from his pocket without budget.

These opposition don't know how to opposition at all and the way they keep moving mad, they will continue to keep apc in power.

But this is like basic Maths nau. Brent crude today is about $76, 1 dollar is about N1,450 - we've not even added refining and shipping costs, yet PMS is being sold N568 by NNPC. There is CLEARLY a difference between the two costs and someone somewhere must pay that difference. Let's suspend politics sometimes and apply simple logic.

Na new minimum wage negotiation cause am

ogododo:
https://www.vanguardngr.com/2024/06/petrol-landing-cost-rises-46-8-per-cent-to-n1026-71-investigation/

Kenochi:
I believe that petrol might still be subsidized but it will stop very soon
It is not a matter of if but when
As at today,Diesel and Aviation fuel are no longer being imported and you can fact check me
For petrol,we are in the last days of importation so I tell whoever is responsible to enjoy the dividends be cause the party will soon end
I will not stop shouting that the Federal Govt. must sell off those scraps called Refineries
Why waste money repairing something that is irreparable,what exactly are you trying to proof
Those scrap metals will never work,all the Engineers in those scrap metals should be sent on a six month sabbatical to Dangote Refinery to learn how to operate a Refinery because they haven't operated one in close to ten years

petrol costs more to refine than diesel. So if Dangote is selling 1 million litre orders today at 1100 (last I checked) from his depot, how much do you think he will sell petrol?

Unless they will pay subsidy to Dangote, warm up for the new reality of paying around 1200 for petrol, WHENEVER eventually he starts selling.

Simple as that.

I just laugh when I still read that some people erroneously are waiting for Dangote to starts selling petrol at low prices. He sell diesel at low prices ni? Lol

yewit37486:
But this is like basic Maths nau. Brent crude today is about $76, 1 dollar is about N1,450 - we've not even added refining and shipping costs, yet PMS is being sold N568 by NNPC. There is CLEARLY a difference between the two costs and someone somewhere must pay that difference. Let's suspend politics sometimes and apply simple logic.

first off, no. It's not about basic math, if is it's, petrol price will be the same world wide.
Price varies based on past deals and infrastructure or distance to move petrol around.

Secondly, only nnpc can tell you the actual landing cost, not newspaper.

3rdly, price of fuel varies nationwide. It's not uniform.

Fourthly, nnpc is not the sole importer of petrol anymore, but people continue to buy from nnpc because they already have the infrastructure and to get decent landing cost which other importers cannot compete with but newspapers keep announcing landing costs for competitions.


Fifthly and the most important; You can't pay subsidy worth billions without putting it in budget for approval of Senate. Not only will that be illegal, billions of naira is not going to come from thin air, it has to come from somewhere? Question is where?

TimeManager:
If a man that is rehabilitating the refineries is a curse, how about the people under whose administration our refineries were collapsed, are they blessings to us? Do you think you can continue to run a false economy for so long and won't come back to punish you?

-Kiss the truth!

You have taken up the onerous task of defending a clueless criminal

This won't be easy for you

Crazy citizen where is your refinery, fraud will eliminate the Nigerian citizen

NinjaMetahuman:
first off, no. It's not about basic math, if is it's, petrol price will be the same world wide.
Price varies based on past deals and infrastructure or distance to move petrol around.

Secondly, only nnpc can tell you the actual landing cost, not newspaper.

3rdly, price of fuel varies nationwide. It's not uniform.

Fourthly, nnpc is not the sole importer of petrol anymore, but people continue to buy from nnpc because they already have the infrastructure and to get decent landing cost which other importers cannot compete with but newspapers keep announcing landing costs for competitions.


Fifthly and the most important; You can't pay subsidy worth billions without putting it in budget for approval of Senate. Not only will that be illegal, billions of naira is not going to come from thin air, it has to come from somewhere? Question is where?

None of your points above changes the fact that the landing cost of PMS can never be the same as the current selling price in Nigeria considering the cost of the base product - crude. And obviously petrol cost can never be the same worldwide, because there are different factors including if it's produced locally or imported, if local even the distance to the refinery is a factor, there is FX as well (and we know what is currently going on in Nigeria with FX).

You can live in delusion all you want, but it doesn't change the facts unfortunately. There is nothing like decent landing cost, you must pay the product cost and shipping cost + others, and most importantly you are paying in DOLLARS. That alone is a significant impact.

toluwahala:
Abeg USA, UK come and rule 9ja again. We are willing to be your slaves!

You have already been pre-contracted to Chinese via debt status and contractual agreements.

Just go and learn Chinese before your masters fully arrive.

What of Dangote refinery, warri and port Harcourt refinery. Does the landing cost of petroleum still affects them. This people are just wicked and heartless.

ogododo:
https://www.vanguardngr.com/2024/06/petrol-landing-cost-rises-46-8-per-cent-to-n1026-71-investigation/

NinjaMetahuman:
first off, no. It's not about basic math, if is it's, petrol price will be the same world wide.
Price varies based on past deals and infrastructure or distance to move petrol around.

Secondly, only nnpc can tell you the actual landing cost, not newspaper.

3rdly, price of fuel varies nationwide. It's not uniform.

Fourthly, nnpc is not the sole importer of petrol anymore, but people continue to buy from nnpc because they already have the infrastructure and to get decent landing cost which other importers cannot compete with but newspapers keep announcing landing costs for competitions.


Fifthly and the most important; You can't pay subsidy worth billions without putting it in budget for approval of Senate. Not only will that be illegal, billions of naira is not going to come from thin air, it has to come from somewhere? Question is where?

because they have cleverly tagged subsidy as under-recovery.

With just a little intelligence, one can guess they are simply importing at a huge loss and plugging the gaping hole consequent from that with/from other sources, basically just buying time till Dangote comes on stream and they hands off.

And of course they know Nigerians will never unite to ask questions, cos some folks will take it upon themselves to blindly defend the craziness FOC.

NinjaMetahuman:
intend?

I thought you are so sure that they have been paying billions for subsidy? What do you mean intend again? Do you know what intend means?

You won't even come back to this conversation if you have any shame

I literally told you that it will be illegal and practically impossible for any president to pay any form of subsidy without budget.

You said no, they are paying from tinubu's pocket, only to come back gloat over what exactly?
Gloat over the fact that they intend to pay subsidy that they are yet to pay but claim they have been paying?

NinjaMetahuman:
first off, no. It's not about basic math, if is it's, petrol price will be the same world wide.
Price varies based on past deals and infrastructure or distance to move petrol around.

Secondly, only nnpc can tell you the actual landing cost, not newspaper.

3rdly, price of fuel varies nationwide. It's not uniform.

Fourthly, nnpc is not the sole importer of petrol anymore, but people continue to buy from nnpc because they already have the infrastructure and to get decent landing cost which other importers cannot compete with but newspapers keep announcing landing costs for competitions.


Fifthly and the most important; You can't pay subsidy worth billions without putting it in budget for approval of Senate. Not only will that be illegal, billions of naira is not going to come from thin air, it has to come from somewhere? Question is where?

because they have cleverly tagged subsidy as under-recovery.

With just a little intelligence, one can guess they are simply importing at a huge loss and plugging the gaping hole consequent from that with/from other sources, basically just buying time till Dangote comes on stream and they hands off.

And of course they know Nigerians will never unite to ask questions, cos some folks will take it upon themselves to blindly defend the craziness FOC.

Read that slowly.

Agree about the word intend till infinity. They are not recovering full costs cos it is common sense which is clearly uncommon, and they will plug the hole somehow, and you will read it in bold print font size 32.

Pele ti e.

yewit37486:
None of your points above changes the fact that the landing cost of PMS can never be the same as the current selling price in Nigeria considering the cost of the base product - crude. And obviously petrol cost can never be the same worldwide, because there are different factors including if it's produced locally or imported, if local even the distance to the refinery is a factor, there is FX as well (and we know what is currently going on in Nigeria with FX).

You can live in delusion all you want, but it doesn't change the facts unfortunately. There is nothing like decent landing cost, you must pay the product cost and shipping cost + others, and most importantly you are paying in DOLLARS. That alone is a significant impact.

he/she knows the truth, he/she is just sworn to defend lies instead.

SOMETIMES YOU WONDER IF THESE NEWSPAPER ARE PAR TOF THE PLOY TO HOODWINK THE PEOPLE...PREPARING GROUND FOR FURTHER INCREASES

TimeManager:
What's the point of this repeated news?. If you believe the costs of fuel is higher, then go import your own fuel and sell it at higher price and make profits. NNPCL says there's no more subsidy, i don't think any sensible individual should be bitter about that.

-Kiss the truth!

What truth are u kissing oponu? If you're half as smart as you claim to be, you should be able to figure out the fact that with the current rate of forex. Petrol should not be less than 1k /L. But you're a dumbass masquerading as smart. The story of agbadorians.

Stories, with all the refinery

TimeManager:
What's the point of this repeated news?. If you believe the costs of fuel is higher, then go import your own fuel and sell it at higher price and make profits. NNPCL says there's no more subsidy, i don't think any sensible individual should be bitter about that.

-Kiss the truth!

U R trying so hard to enter onanuga's payroll....

Am sorry to be a carrier of bad news, U R late.

You're playing the ostrich. Simple arithmetic tells you there's subsidy

TimeManager:
What's the point of this repeated news?. If you believe the costs of fuel is higher, then go import your own fuel and sell it at higher price and make profits. NNPCL says there's no more subsidy, i don't think any sensible individual should be bitter about that.

-Kiss the truth!

lastmessenger:
This tinubu just came to make things worst for Nigerians.
This man is a curse on Nigerians for seeing light and choosing darkness

When you are owned by the IMF...

ogododo:
https://www.vanguardngr.com/2024/06/petrol-landing-cost-rises-46-8-per-cent-to-n1026-71-investigation/

Illegal/local refinery is the only way. It does not need landing cost. Just take it from the ground, refine and sell to your citizens. Doesn't require any forex or foreign technology. Just like harvesting your cassava and possessing your garri. What is wrong with the black man?

Treadway:
because they have cleverly tagged subsidy as under-recovery.

With just a little intelligence, one can guess they are simply importing at a huge loss and plugging the gaping hole consequent from that with/from other sources, basically just buying time till Dangote comes on stream and they hands off.

And of course they know Nigerians will never unite to ask questions, cos some folks will take it upon themselves to blindly defend the craziness FOC.

what is under recovery?

They will be spending over 500 billion unbudgeted money?

Nnpc didn't declare any loss worth trillions in last fiscal year?
Because the so called unofficial subsidy plus operational costs will cost them biggest loss in the history of the country worth trillions.

So the question you have failed to answer, where is the money coming from?
If nnpc is importing at a loss, where are they seeing the money they keep using to import more?

If you are importing rice, and you are selling at a loss, and you already have budgets for your other financial dealings, where is the money you are throwing around coming from? Magical thin air?

yewit37486:
None of your points above changes the fact that the landing cost of PMS can never be the same as the current selling price in Nigeria considering the cost of the base product - crude. And obviously petrol cost can never be the same worldwide, because there are different factors including if it's produced locally or imported, if local even the distance to the refinery is a factor, there is FX as well (and we know what is currently going on in Nigeria with FX).

You can live in delusion all you want, but it doesn't change the facts unfortunately. There is nothing like decent landing cost, you must pay the product cost and shipping cost + others, and most importantly you are paying in DOLLARS. That alone is a significant impact.

well you didn't dispute any of the fact i listed.

Especially the ones that simply point to you that no government can spend over 500 freaking billions without budget.

I have no problem with you believing whatever you wanna believe. If you like believe that they are spending quantillion dollars on subsidy. Na your wahala be that one o my friend.

NinjaMetahuman:
well you didn't dispute any of the fact i listed.

Especially the ones that simply point to you that no government can spend over 500 freaking billions without budget.

I have no problem with you believing whatever you wanna believe. If you like believe that they are spending quantillion dollars on subsidy. Na your wahala be that one o my friend.

Because there is nothing to dispute, it doesn't change the fact that there is subsidy. You NOT KNOWING how it is being paid does not mean it is not being paid. Eod.

yewit37486:
Because there is nothing to dispute, it doesn't change the fact that there is subsidy. You NOT KNOWING how it is being paid does not mean it is not being paid. Eod.

good for you.

The government must make a refinery work! Bleep all these excuses.. Nigerians are not animals.

The rule of life is pretty straightforward.

Suppose you know your brother to be incompetent but due to your nepotistic tendencies, prejudice for others, or selfish gains choose to put him there. In that case, that will not exempt you from the suffering that arose from his competence.

Enjoy your renewed hope, or to better put, ''renewed shege''.

TimeManager:
Ignorant questions. Follow the stakeholders,

you that followed the stakeholders you can't say whether Tinubu has rehabilitate one refinery or not, yet you are talking

don't let internet mob put dust inside your head.

what about mainstream news like channels, NTA and even vanguard news paper, they also put dust inside your head too?
Do you think Nigerians are stupid?

-Kiss the truth!

you kiss the conflicting headlines below pertaining to port Harcourt refinery.
One said end of March,
The other said April
And another one is saying September.

These are main stream news headlines and not the internet.

My friend, go and kiss Tinubu ass
The man is dumb, he has nothing to offer but lies and deception

lastmessenger:
This tinubu just came to make things worst for Nigerians.
This man is a curse on Nigerians for seeing light and choosing darkness

That means Nigerians did not vote for Peter Obi and the election was not rigged, right?

NinjaMetahuman:
what is under recovery?

They will be spending over 500 billion unbudgeted money?

Nnpc didn't declare any loss worth trillions in last fiscal year?
Because the so called unofficial subsidy plus operational costs will cost them biggest loss in the history of the country worth trillions.

So the question you have failed to answer, where is the money coming from?
If nnpc is importing at a loss, where are they seeing the money they keep using to import more?

If you are importing rice, and you are selling at a loss, and you already have budgets for your other financial dealings, where is the money you are throwing around coming from? Magical thin air?

where did they see ways and means that they now say is causing inflation. Did you get the memo when they got it back then in real time?

I'd say keep building your strawman..in time you, me, we will all know how they are plugging the hole, just like we all now know about the ways and means fiasco. ..but then again you may even still be willfully oblivious to even the quoted ways and means fiasco🤷

Lazy journalists .
They reel out figures from beer parlours without making investigations.