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NNPC Increases Fuel Price To ₦1,030 - Politics (5) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNNPC Increases Fuel Price To ₦1,030 (20929 Views)

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Re: NNPC Increases Fuel Price To ₦1,030 by Lexicon123: 5:02pm On Oct 09, 2024
Salvador1:
He will still tell his gullible followers to give him another 4years to fix what he scattered,and by then he will finish this country kpata kpata,to the extent that iron condemn people go reject this country if called to buy🥱🥱
If election is tomorrow, the zombies with INEC will still rig him in. But we cannot continue to fold our arms and watch them destroy the country! We should not! Then they’ll become beggars and agberos, constituting nuisance to the lives of others that didn’t contribute to their mad choice.
Re: NNPC Increases Fuel Price To ₦1,030 by Zaheertyler(m): 5:02pm On Oct 09, 2024
nairalanda1:
Nigerians like you and me.

But you won't get it
My hand no dey
Re: NNPC Increases Fuel Price To ₦1,030 by nairalanda1(m): 5:06pm On Oct 09, 2024
1x2x3:
They've tested the masses, they've seen they can't do a jack...
Ok, so the masses remove the government and put in a people's government that would cut prices of petrol to 100 per liter.

Then everyone is happy and a large party is thrown where tons of star lager and orijin and Guinness are consumed,along with lots of coke , Pepsi, kunu and zobo.

When we wake up, the economists will tell us that to keep fuel at 100 per liter, government would have to fork over 18 trillion naira annually, subject to increases.

So the government forks over th money, but now the people at Budget are saying that expenditure for this year is less than one trillion with a lot of money gone on debt service.

Five months later,fuel is 3000 naira or more.

So much for the revolution.
Re: NNPC Increases Fuel Price To ₦1,030 by nairalanda1(m): 5:08pm On Oct 09, 2024
Akinsazy1985:
Hey idiot. You lack common sense and your education just proved abortive after this nonsense that you’ve just spilled out. People like you should be crucified and nailed upside down
May the incubus be with you
Re: NNPC Increases Fuel Price To ₦1,030 by tnerro1(m): 5:09pm On Oct 09, 2024
So nobody can stop this madness..

Is like a rich father sending his 10 children out to go and fend for themselves without any meaningful support, saying “ if you make it, fine, if you don’t make it, sorry.

That is a heartless act.

Even drugs to treat illnesses has gone beyond the reach of the masses and government doesn’t care

Isn’t this madness
Re: NNPC Increases Fuel Price To ₦1,030 by tnerro1(m): 5:11pm On Oct 09, 2024
nairalanda1:
Ok, so the masses remove the government and put in a people's government that would cut prices of petrol to 100 per liter.

Then everyone is happy and a large party is thrown where tons of star lager and orijin and Guinness are consumed,along with lots of coke , Pepsi, kunu and zobo.

When we wake up, the economists will tell us that to keep fuel at 100 per liter, government would have to fork over 18 trillion naira annually, subject to increases.

So the government forks over th money, but now the people at Budget are saying that expenditure for this year is less than one trillion with a lot of money gone on debt service.

Five months later,fuel is 3000 naira or more.

So much for the revolution.
Well, the government can also pay a living wage to cushion the inflation caused by the high fuel prices
Re: NNPC Increases Fuel Price To ₦1,030 by ken6488(m): 5:12pm On Oct 09, 2024
Let it reach 2000 we deserve it
Re: NNPC Increases Fuel Price To ₦1,030 by calabaman(m): 5:12pm On Oct 09, 2024
Nigeria we hail thee.

What a show of free madness.

If you have a guaranteed source of income, just glorify God.
Re: NNPC Increases Fuel Price To ₦1,030 by Great0ne1: 5:13pm On Oct 09, 2024
This is a reward for the clowns who collected #10,000 and voted apc during edo gubernatorial election
Re: NNPC Increases Fuel Price To ₦1,030 by LucemFerre: 5:14pm On Oct 09, 2024
I talk am… if that protest fails, we don die. Na im una dey see so. Government will never take us serious again
Re: NNPC Increases Fuel Price To ₦1,030 by nairalanda1(m): 5:16pm On Oct 09, 2024
tnerro1:
Well, the government can also pay a living wage to cushion the inflation caused by the high fuel prices
Good until the problem of funding for the decent wage comes in.

Look, I don't like this apc 70000 nonsense, but if we had gone with 630000 minimum wage, the wage bill would have meant mass printing of money. Inflation loading.

That's why I always say here that this apc government is useless because they are running an economy and government based on oil revenue, which cannot make enough cash for our too large population. Their corruption and looting makes things worse.

But they won't change . Annoying
Re: NNPC Increases Fuel Price To ₦1,030 by Basicend: 5:19pm On Oct 09, 2024
Since Nigerians are not doing anything, Tinubu will continue to test the waters. .

Mind you, taxing is being continuously increased on many mediums. . Driver's licence fee was increased today too. .
Re: NNPC Increases Fuel Price To ₦1,030 by OriOko88(m): 5:23pm On Oct 09, 2024
DeLaRue:
I said it at the time, that it is better for Nigerians for NNPCL to be the sole offtaker.

That would have made the NNPCL/government the target to blame for any price increases so they would have been under pressure to keep subsidising a little.

But the usual so-called experts rushed to Arise TV to lampoon the arrangement, and on Nairaland those who can't think things through properly joined in attacking the arrangement.

Now NNPC will buy from Dangote like every other filing station owners. So, no special arrangement/price for NNPCL and it can no longer be accused of 'dictating' price as you people claimed.

Now NNPC has answered you people's request and washed its hands off sole off taker burden. It is all man for himself now.

If you have a trailer and the money, go and buy at Dangote. You will even meet NNPCL trailers there smiley. Dangote will sell to both of you.

Everybody, including NNPCL is now free to sell at whatever price works for them.

Subsidy is now effectively gone!

Sebi, you people are happy now.
You're not making sense oga Ade. If atal nnpc is more the sole offtaker like you said,tell me wat could cause the new increment,since nnpc is buying from the local market and in naira, that means no landing cost, shipping fees and dollars exchange rate again on petrol. So why the increment again. I'm just surprised we still hv morons that still support this useless entity called nnpc. They hv been useless since 1999. No single refinery they can fix. Shame on u and nnpc
Re: NNPC Increases Fuel Price To ₦1,030 by FatimaAbubakar(f): 5:25pm On Oct 09, 2024
Lanretoye:
wether na them be condemned or na you your life spoil we go know,you never see anything,blood go soon commot for your nose.
I don't debate with idiots.
Re: NNPC Increases Fuel Price To ₦1,030 by cornelman: 5:28pm On Oct 09, 2024
nairalanda1:
When you borrow and borrow and borrow over decades and decades, the result is, you borrow a lot that you end up being a slave to the person you borrowed from

Because we have been running a useless economy since independence that is dependent on what raw materials we sell, not on what industrial goods we produce..(which is why the South korean won , despite being 1327 to one dollar is more valuable than our naira)...we have gotten into serious debt. Also, we have been paying subsides for a population that is too large for the revenue to sustain.

It is even a miracle we have survived

At the end of the day, we have reached the point where we cannot pay for goodies because we are in so much debt, we can't even continue paying for subsides and all the goodies...hence petrol now being N1000 and more.

At the end of the day, we can do the hard things....taxes, becoming an industrial economy, fighting all forms of corruption, or we can pretend we have money we don't have.

Shouting agbado at me won't change that fact. We are in deep shit. The end of petrol subsides is a result of what we have gotten ourselves into.
Agbadiot
Tell us if Tinubu has stopped borrowing
Tell us if Tinubu has started industrialising Nigeria. If so, tell us how many new industries he has brought to Nigeria vis-a-vis the ones that left.
Tell us if Tinubu is fighting corruption or he is even practicing it more.

Some of you are born to be slaves of politicians.
Re: NNPC Increases Fuel Price To ₦1,030 by nairalanda1(m): 5:33pm On Oct 09, 2024
cornelman:
Agbadiot
Tell us if Tinubu has stopped borrowing
Tell us if Tinubu has started industrialising Nigeria. If so, tell us how many new industries he has brought to Nigeria vis-a-vis the ones that left.
Tell us if Tinubu is fighting corruption or he is even practicing it more.

Some of you are born to be slaves of politicians.
Do not go gently into the night
Re: NNPC Increases Fuel Price To ₦1,030 by koxyz: 5:34pm On Oct 09, 2024
Eyin eyan mi, e lo fi okan bale, a ma mu wale.
And the gullible one's believed him without checking his track records.
BAT is the perfect representation of deceit.
Re: NNPC Increases Fuel Price To ₦1,030 by advanceDNA: 5:35pm On Oct 09, 2024
tnerro1:
So nobody can stop this madness..

Is like a rich father sending his 10 children out to go and fend for themselves without any meaningful support, saying “ if you make it, fine, if you don’t make it, sorry.

That is a heartless act.

Even drugs to treat illnesses has gone beyond the reach of the masses and government doesn’t care

Isn’t this madness
He even backed it up with the perfect statement ..."no pain no gain"....

Na 8 years later we go see so no single gain....by that time the blame gain will now start
Re: NNPC Increases Fuel Price To ₦1,030 by nairalanda1(m): 5:36pm On Oct 09, 2024
cornelman:
Agbadiot
Tell us if Tinubu has stopped borrowing
Tell us if Tinubu has started industrialising Nigeria. If so, tell us how many new industries he has brought to Nigeria vis-a-vis the ones that left.
Tell us if Tinubu is fighting corruption or he is even practicing it more.

Some of you are born to be slaves of politicians.
You are possessed with the Baka Yogot. To free yourself, walk backwards six and twenty steps under the light of a half moon and then walk forward two and forty steps and then drink a glass of honey from a cup made of gold
Re: NNPC Increases Fuel Price To ₦1,030 by Barcalee: 5:43pm On Oct 09, 2024
Bolingua1:
Is this information true?
Very true
Re: NNPC Increases Fuel Price To ₦1,030 by Enice(m): 5:45pm On Oct 09, 2024
Okoroawusa:
SUBSIDY MUST GO!!! As it is there is still subsidy. Unless it's gone totally then we are ready to move forward as a country. It's painful but it's the only way to go.
Yeah! This is the only way for Nigeria to move forward. Those complaining here like making silly comments about the country. Now a man has come to say the country must be great, gbajues are crying with eyes wide open!
Just a profit margin of N20 on PMS as road tax can rehabilitate all the roads in this country.
They want the country to be like those in Europe but they don't want to do what it takes to make it.
Re: NNPC Increases Fuel Price To ₦1,030 by nairalanda1(m): 5:46pm On Oct 09, 2024
Okoroawusa:
SUBSIDY MUST GO!!! As it is there is still subsidy. Unless it's gone totally then we are ready to move forward as a country. It's painful but it's the only way to go.
So, why did your man oppose it in 2012.?
Re: NNPC Increases Fuel Price To ₦1,030 by Gerrard59(m): 6:00pm On Oct 09, 2024
The price either has to increase or the product becomes scarcer as long as subsidies exist. There are no two ways about it.
Re: NNPC Increases Fuel Price To ₦1,030 by tnerro1(m): 6:12pm On Oct 09, 2024
advanceDNA:
He even backed it up with the perfect statement ..."no pain no gain"....

Na 8 years later we go see so no single gain....by that time the blame gain will now start
I sometimes feel this government wants to reduce the population of Nigeria through this heartless means.
Re: NNPC Increases Fuel Price To ₦1,030 by AllBlack:
Kdon2:
These people never see mad protest that's why they are people for a ride
Yes dem neva see and they will never ever see it because Nigerians are masters of suffering and smiling.
There will still be heavy traffic on the roads by tomorrow and till next year. NIGERIANS WILL DO NOTHING.
Re: NNPC Increases Fuel Price To ₦1,030 by Olamideayomide(m): 6:12pm On Oct 09, 2024
We are in for another shege.

Inflation promax loading
Re: NNPC Increases Fuel Price To ₦1,030 by advanceDNA: 6:40pm On Oct 09, 2024
tnerro1:
I sometimes feel this government wants to reduce the population of Nigeria through this heartless means.
It's garbage in garbage out...
That's what we get for electing thugs, convicts and drug addicts, who have no empathy into public offices
Re: NNPC Increases Fuel Price To ₦1,030 by Jughead29: 6:43pm On Oct 09, 2024
They will continue to increase it, since when people come out to protest, they can also give some mugus 5k to do anti protest.

Problem solved. It's so easy for them now... Anti protest and using security men .... APC perfect tactics
Re: NNPC Increases Fuel Price To ₦1,030 by geraldamobi(m): 7:06pm On Oct 09, 2024
In abakaliki
See how much I just bought fuel
#1300 per litre

Re: NNPC Increases Fuel Price To ₦1,030 by Treadway: 7:35pm On Oct 09, 2024
Gerrard59:
The price either has to increase or the product becomes scarcer as long as subsidies exist. There are no two ways about it.
in reality? Not exactly. I already addressed this point you touched on, in my earlier thread below.

https://www.nairaland.com/8017949/how-nigeria-people-govt-got

Thanks to the accursed govt's decision to turn the naira to tissue paper, the days of having unfettered access to pms without queues are gone for the foreseeable future. It simply ain't gonna happen anytime soon. So increasing fuel price like you opined in your post, isn't going to guarantee availablity, rather it will do the opposite. Only the big players, majorly NNPC and Bovas will be able to continue fuel retail business due to the cost of the product, and even they will not be able to do so consistently everyday as used to be the case before this demon came in. A full tanker of pms will now cost above 50m naira, so ten stations would be half a billion, get the picture? Most NNPC stations are franchises, so not all NNPC stations have the capacity to buy and sell, as we can see today.

So with very few players, you can expect the queues not to disappear anytime soon, cos Nigerians are passionate sufferers, they will still buy the fuel, at whatever cost, but it won't be readily available cos the cost of the product will ensure that it is not constantly available at many locations. Our new reality is the fuel will be expensive, and only few will be dispensing the product, so you will still queue to buy the product, however expensive.
Re: NNPC Increases Fuel Price To ₦1,030 by JohnOkolo: 7:36pm On Oct 09, 2024
kenn4rill:
My brother this na see finish government dey do us so if not I wonder after how many protest, them still dey get mind increase fuel.
Bro as you’re typing this now, when last did you have a reason to buy that same fuel?
1 2 3 4 5 6 Reply

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