₦airaland Forum

Maxymilliano:
https://tribuneonlineng.com/oil-marketers-reduce-petrol-price-to-n939-50-per-litre/amp/?fbclid=IwY2xjawHSgwFleHRuA2FlbQIxMQABHbIHzzQbQzgWTfE_wnomV2J226xJ9EQ2xIc0IeauaLytfdnMZ1gAgl9QOA_aem_ez1iP4ZxgoLHJvZXqKQM-A

It means NNPCL is our enemy ,have something to hide, thay are economical to the truth state in our petrol industry.

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PovertyAfonja:
Always making excuses
They were stealing yet fuel was affordable for the masses

Your foolish Saint Tinubu is not stealing but the fuel is too expensive.


Dumb zombie bot

don't mind him.
He claimed initially that where will the present government get $10bn to pay like their predecessors were doing, later claimed again after your comment that the predecessors were paying more than necessary, so he should tell us why can't the current government be paying the actual amount, which should cost less, in the interest of the masses?
A father eating well to the fullest while telling his children to endure hunger and starvation,,,, what a father

Up till now, inflation is high

Paraman:
Wetin concern the FG? The market is deregulated, anybody can sell at any price

We all know that's not true

PovertyAfonja:
Always making excuses
They were stealing yet fuel was affordable for the masses

Your foolish Saint Tinubu is not stealing but the fuel is too expensive.


Dumb zombie bot

While the fuel was affordable then it is hurting the economy especially shrinking development level , adding more debts . You’re the dumb here because you don’t understand anything at all .

yommen:
They were paying more than the actual cost of subsidy using the opportunity to steal money. Fellow Nigerians too were buying and taking across the boarders to sell since it was more expensive in those neighboring countries meaning Nigeria government was subsidising fuel prices for most West African countries. Government was also paying for fuel never supplied. It was total waste of money.

You're being clever by half. What is subsidy? You are importing petrol and paying subsidy when you have nonfunctional refineries that will eliminate the entire subsidy talk.

What you have now, is a situation of conflict of interest, where the sector is heavily connected to the ruling family. Go figure.

Nice one

Idiots

So we should celebrate?


Thunder 🔥 all of una both NNPCL

yommen:
They were paying more than the actual cost of subsidy using the opportunity to steal money. Fellow Nigerians too were buying and taking across the boarders to sell since it was more expensive in those neighboring countries meaning Nigeria government was subsidising fuel prices for most West African countries. Government was also paying for fuel never supplied. It was total waste of money.

mumu how was the situation of things then when thieves were stealing using subsidy payment as disguise and now when the acclaimed subsidy payment has been removed........so where is the saved subsidy money now be channeeld to?.....cuz everyday this executive animals keep borrowing..even to the extent of financing deficit budget.....How did we faired when people were stealing nd selling our fuel Tru subsidy payment nd now when those sharp practices hv been eroded........

U quoted someone with insolence yet u lack basic knowledge on thought nd analogies.....
Dumb fool....quote me back foolishly then, we'll go into full mode on how u were conceived

PovertyAfonja:
Wow
N900!! 😍😍

Thank you Tinubu for giving us this N900 because it is far better than the N186 you met it and the N86 GEJ sold to us.



Itesiwaju radarada!!
Spits*

The price of crude oil is $73 per barrel.

159 litres make one barrel.

That means one litre of $0.458

To know how much a litre of oil will cost in Naira, multiply it by the present exchange rate, let's say 1,600.

So 0.458 x 1,600 will give us about N73o.

So, a litre of crude oil is 730

If a litre of crude oil is 730, how can they now sell the refined product for 197? That is what you called the subsidy and it had bankrupted the economy. It would have cost the government about 10 trillion this year to provide.

yommen:
They were paying more than the actual cost of subsidy using the opportunity to steal money. Fellow Nigerians too were buying and taking across the boarders to sell since it was more expensive in those neighboring countries meaning Nigeria government was subsidising fuel prices for most West African countries. Government was also paying for fuel never supplied. It was total waste of money.

The earlier u accept that tinubu and Buhari are failures the better.

They always blame

[quote author=jazzman7711 post=133379261]SHUT UP.

IS IT YOU OR YOUR FADA THAT WILL PAY THE $10 BILLION PER ANNUM SUBSIDY FOR SUCH A LOW PRICE?.

Paraman:
Wetin concern the FG? The market is deregulated, anybody can sell at any price

Abi o.
Dangote is just responding to prices. He is still a leader in the market. He does not love Nigerians as he said. That was his goal any way

yommen:
They were paying more than the actual cost of subsidy using the opportunity to steal money. Fellow Nigerians too were buying and taking across the boarders to sell since it was more expensive in those neighboring countries meaning Nigeria government was subsidising fuel prices for most West African countries. Government was also paying for fuel never supplied. It was total waste of money.

so by your own logic, anytime the value of the currencies of our neighbors appreciates making our products cheaper in their countries, Nigeria must continue to increase the prices at home for the sake of discouraging export via smuggling? ,where is the sense in this really?

grandstar:
The price of crude oil is $73 per barrel.

159 litres make one barrel.

That means one litre of $0.458

To know how much a litre of oil will cost in Naira, multiply it by the present exchange rate, let's say 1,600.

So 0.458 x 1,600 will give us about N73o.

So, a litre of crude oil is 730

If a litre of crude oil is 730, how can they now sell the refined product for 197? That is what you called the subsidy and it had bankrupted the economy. It would have cost the government about 10 trillion this year to provide.

Your analysis is crudely correct. many assumptions though. The government need to improve incomes or significantly reduce inflation for the people to earning a life and breathe.

jazzman7711:
SHUT UP.

IS IT YOU OR YOUR FADA THAT WILL PAY THE $10 BILLION PER ANNUM SUBSIDY FOR SUCH A LOW PRICE?

So this one they have removed subsidy is the money entering your pocket?

ogolemati:
we will get to below #50 very soon

That's delusional, even in advanced nation, gas and petrol ain't cheap.
What should be raised is the purchasing power of the people so they can reasonably afford it.
On the other hand, we may get to #50 or a bit below if the foreign exchange rate significantly improve but petrol will not still be that cheap as you presume.

grandstar:
The price of crude oil is $73 per barrel.

159 litres make one barrel.

That means one litre of $0.458

To know how much a litre of oil will cost in Naira, multiply it by the present exchange rate, let's say 1,600.

So 0.458 x 1,600 will give us about N73o.

So, a litre of crude oil is 730

If a litre of crude oil is 730, how can they now sell the refined product for 197? That is what you called the subsidy and it had bankrupted the economy. It would have cost the government about 10 trillion this year to provide.

The Dumbos would never understand. They thought Buhari helped them by selling fuel at #197. They didn't know Buhari was destroying the economy, laying the solid foundation for what we have today

ogolemati:
we will get to below #50 very soon

Just deh play maybe by year 2090

Dangote , thank you o ..
If no be you
. Some station are now selling 1k, some 1015 , 1025, 975 etc .. but I hope it dropped drastically. People that pushed it up are busy with propaganda, deceiving themselves..

yommen:
They were paying more than the actual cost of subsidy using the opportunity to steal money. Fellow Nigerians too were buying and taking across the boarders to sell since it was more expensive in those neighboring countries meaning Nigeria government was subsidising fuel prices for most West African countries. Government was also paying for fuel never supplied. It was total waste of money.

Now that’s is not waste or money where is the money going to ?. As anything targible done with this money then don build refinery
I think all this people as been paid by broom

Arizonaguy:
That's delusional, even in advanced nation, gas and petrol ain't cheap.
What should be raised is the purchasing power of the people so they can reasonably afford it.
On the other hand, we may get to #50 or a bit below if the foreign exchange rate significantly improve but petrol will not still be that cheap as you presume.

but starboy promised to make it happen

hisgrace090:
Will fg agree is the question.

Imagine living and complaining about a country you don’t understand how it works, the problem is that most of us don’t even understand how Nigeria works or the rules that governs our country we’re too daft to understand. Before you can criticize government and get them to work the way you want is for you to understand how government works first, that’s how one daft punk was blaming the president for the bad roads in his constituency fools

PovertyAfonja:
Educate us
Zombie

I don't educate idiots. I let them stew in their ignorance

PovertyAfonja:
Wow
N900!! 😍😍

Thank you Tinubu for giving us this N900 because it is far better than the N186 you met it and the N86 GEJ sold to us.



Itesiwaju radarada!!
Spits*

lol....you mean the price we were selling our future to maintain....I'm sure there's sense in your family but it definitely was not passed to you.....

jazzman7711:
SHUT UP.

IS IT YOU OR YOUR FADA THAT WILL PAY THE $10 BILLION PER ANNUM SUBSIDY FOR SUCH A LOW PRICE?

leave the idiot.....someone who enter bus come Lagos Wan dey talk anyhow......

PovertyAfonja:
How did GEJ and Buhari pay it?

by borrowing.....which is what led us down the path of having 97% of our gdp to service debt......infact it was so bad under jona that even he knew he had bleeped up that's why he never bothered to fight the election results.....he knew he had bleeped up so bad it was easier for him to walk away than cling to power......

efemena5050:
mumu how was the situation of things then when thieves were stealing using subsidy payment as disguise and now when the acclaimed subsidy payment has been removed........so where is the saved subsidy money now be channeeld to?.....cuz everyday this executive animals keep borrowing..even to the extent of financing deficit budget.....How did we faired when people were stealing nd selling our fuel Tru subsidy payment nd now when those sharp practices hv been eroded........

U quoted someone with insolence yet u lack basic knowledge on thought nd analogies.....
Dumb fool....quote me back foolishly then, we'll go into full mode on how u were conceived

you have no economic value that you are contributing to the nation that's why you are talking like this....when Airlines were leaving Nigeria behind cause we were owing them una no talk....our debt reached a level that 97 of our gdp went to servicing it....FG had no saving....FAAC was sharing 300Bn to all 36 states plus the FCT....ALL that has changed in the last one year.....and you are here asking where the money went like say na ur papa put am together......

leokid866:
you have no economic value that you are contributing to the nation that's why you are talking like this....when Airlines were leaving Nigeria behind cause we were owing them una no talk....our debt reached a level that 97 of our gdp went to servicing it....FG had no saving....FAAC was sharing 300Bn to all 36 states plus the FCT....ALL that has changed in the last one year.....and you are here asking where the money went like say na ur papa put am together......

psycofant I asked u some questions u stylishly boycotted....
How did we fare when the assumed subsidy was being paid?
What level of disposable income was expended on consumption only since savings capacities hv Now been wipe off by the incompetent idiot in the name of the president due to his foolish policies

What's the face value of our currency then and now ?

Ur here bringing up points in savings benefits that don't reflect in full sectoral growth,human capital index,and overall multi dimensional growth of the economy........

.....People are worse off now even with no more assumed subsidy payment.....
......U hv to spend more to buy more now cuz of high inflationary spirals
...... our currency is worthless.....

Ur talking about my level of contribution to the nation .....my capacity in terms of contributions hv increase owing the draconian fiscal policy measures tunubu is applying to cater for his own needs and his goons in govt .....

Ur arguing with me this morning when uve not eaten....

efemena5050:
psycofant I asked u some questions u stylishly boycotted....
How did we fare when the assumed subsidy was being paid?
What level of disposable income was expended on consumption only since savings capacities hv Now been wipe off by the incompetent idiot in the name of the president due to his foolish policies

What's the face value of our currency then and now ?

Ur here bringing up points in savings benefits that don't reflect in full sectoral growth,human capital index,and overall multi dimensional growth of the economy........

.....People are worse off now even with no more assumed subsidy payment.....
......U hv to spend more to buy more now cuz of high inflationary spirals
...... our currency is worthless.....

Ur talking about my level of contribution to the nation .....my capacity in terms of contributions hv increase owing the draconian fiscal policy measures tunubu is applying to cater for his own needs and his goons in govt .....

Ur arguing with me this morning when uve not eaten....

Subsidy is not free money....Nigerians fed fat for so long on subsidy payments.....if the country had gone bankrupt it's idiots like you that will still come out to say rubbish.....if you like don't tighten your belt and manage what you have while looking to earn more......no go find work continue there looking for who will be carrying your cost of living for you.....

PovertyAfonja:
Always making excuses
They were stealing yet fuel was affordable for the masses

Your foolish Saint Tinubu is not stealing but the fuel is too expensive.


Dumb zombie bot

e pain you ; you voted for someone who promised to remove fuel subsidy, but the price will not go up. No be mumu be dat?