₦airaland Forum

nairalanda1:
The subsidy continues

The charade continues.

PrivateSeal:
The best thing is to leave this country

designking:
Without a subsidy on petrol, price per litre might go as high as ₦1,100 and this will spell doom for the government and APC. The opposition wants petrol to sell above ₦1,000 and this will be a template for civil unrest.

The best option is to subsidize petrol for now using Naira and also doing crude-petrol swap with Dangote Refinery.

This way, we can reduce the pressure of the Dollar allowing Naira to exchange around ₦1,000 to ₦1,200. Also inflation will gradually reduce.

A stronger naira means cheaper petrol. Within the next 6months the economy will greatly stabilise.

PrivateSeal:
The best thing is to leave this country

Bobloco:
https://www.vanguardngr.com/2024/09/fg-dangote-reach-agreement-on-petrol-supply-lifting-begins-tomorrow/

Aile:
Corruption of the highest order. Come to think of it why will the nnpc allow dangote to sell diesel to independent marketers directly and refuse selling of petrol to them directly? Something is cooking

richmond500:
there is subsidy payment so they only will tell you how much they sell to the marketers and how much will be pump price. The price they buy from the refinery, they will hide it like their private part

Bobloco:
https://www.vanguardngr.com/2024/09/fg-dangote-reach-agreement-on-petrol-supply-lifting-begins-tomorrow/

Bobloco:
https://www.vanguardngr.com/2024/09/fg-dangote-reach-agreement-on-petrol-supply-lifting-begins-tomorrow/

Aile:
Corruption of the highest order. Come to think of it why will the nnpc allow dangote to sell diesel to independent marketers directly and refuse selling of petrol to them directly? Something is cooking

JuanDeDios:
I think you're mixing up 'PER DAY' and total supplies. No, 350k per day out of a total need of 650k per day is more than 50% - not insignificant.

Ngasky:
Why is the pms only for NNPC? That means NNPC will be the middlemen here.
Something is not clear here

casualobserver:
People using diesel are paying market price. Are you ready to pay the market price for petrol?

Aile:
Corruption of the highest order. Come to think of it why will the nnpc allow dangote to sell diesel to independent marketers directly and refuse selling of petrol to them directly? Something is cooking

Exousiang01:
This story doesnt add up
NNPC is already supplying 30m parels to DRL

350k barel is as insignificant as the last “ue” in Queue for a redinery with a capacity of 600k
And a feed stock of 6m

DRL already said they are getting 11m barels by october and they have recieved 30m barels already.

This story doesnt add up.
No price

Bovis:
Because petrol is mostly consumed by the common man and the government is still paying subsidy on it through NNPC

richmond500:
that's not how it works.
NNPCL is his sole buyer, also other off-takers can't compete with NNPCL cos of subsidy.
So he will bend to their rules else he will lose everything and his refinery may not survive.
This is business and not philosophy.
You can't blame Dangote here

Minjim:
Those using diesel fuel aren't they Nigerians?

Selling only to NNPCL will only compound matters because all the subsidy corruption occurred under this same NNPCL. What is the assurance they won't bring corruption into this process too?
And don't tell us the FG will be subsidizing it because up till now they always claimed subsidy is over.
If truly why not sell to every willing buyers after all NNPCL has its own Refinery that they claim will soon begin operation.
Why is no one asking about that one?
Only Dangote Refinery they are now talking about. They think all of us are fools

Aile:
Corruption of the highest order. Come to think of it why will the nnpc allow dangote to sell diesel to independent marketers directly and refuse selling of petrol to them directly? Something is cooking

casualobserver:
Stop commenting on matters you are ignorant of. That you have data does not mean you must talk.

Aile:
Corruption of the highest order. Come to think of it why will the nnpc allow dangote to sell diesel to independent marketers directly and refuse selling of petrol to them directly? Something is cooking

Aile:
Corruption of the highest order. Come to think of it why will the nnpc allow dangote to sell diesel to independent marketers directly and refuse selling of petrol to them directly? Something is cooking