₦airaland Forum

MadamExcellency:
Bunkery is already N500 for Creek refineries. The benefit of subsidized crude oil directly from a pipeline.

Hahaha, LoL at [b]CREEK REFINERIES [/b]una go kill person with laugh for nairaland, l will ask DSS to arrest you tomorrow morning and detain you for 500 years , so that you can show us all the creek refineries, hahaha 🤣

Dey play

tollyboy5:
It should. It truly the Warri refinery is truly working.
We'll be depending less on imported refined petrol. Exchange rate might drop to ₦1,300 and petrol to ₦780

I doubt this postulations because this will defeat one of the reasons Tinubu adduced for removal of subsidy. In our fuel price is way below international price then smuggling across our bothers by our neighbours continues. We are probably not supplying Nigeria alone but other West African counties.

Validated:
Stop day-dreaming, not possible, otherwise I will start exporting Dangote gasoline to US/Canada for $1 (N1650) per litre

This is another terrible being among Nigerians.

So if petrol is sell for #500/per litre, you will start exporting it to the US/CANADA to create artificial scarcity that could eventually lead to price increment for your people at home?

Many of us are terrible than the leaders we thought were bad.

mightyhaze:
Bring ur skull mk I knock sense put..u no sabi read?

you go back and read what you wrote.always be specific

Hallelujah, I will love to see it like that.

Laughable

It may not come down to 500 naira now but before tinubu first term finish naira will gain more value this year and our forex reserve will be possibly 55 billion dollars and naira will gain value to maybe 1100 or 1200 by the end of this year not may at all that is my experiences in econonomy

Honestly, I don't need to be an expert to know that more refineries will lead to lower prices. It's just common sense, isn't it?

unbiasedTruth:
It was met at N87

U be mumu óò u want to compare 1980 to year 2025.

Even the shoe u buy in UK and US then can't be the same with this present year.

Nigerian citizens are so dull 😔

The problem with this country is sabotage. Same situation applies to PHCN, down to security and other sectors.

So it had to take Dangote starting his refinery for them to come back to their senses?

Tayorshd87:
U be mumu óò u want to compare 1980 to year 2025.

Even the shoe u buy in UK and US then can't be the same with this present year.

Nigerian citizens are so dull 😔

2014

ajebuter:
Let it come down further

E no go still better for APC for making us celebrate and anticipate fuel at 500 naira as against 150 naira

Iyalaaya yin ni APC

But is now 835 in PH
935 in Lagos
And yet born announced 600 per liter yesterday.


What's do u have to say clown 🤡

unbiasedTruth:
2014

Ok sir even if it's 2014 ..

By nature what u buy in a particular amount for about 10years must appreciate .

It's a common logical reasoning 😁

So it's not about party or government in power.

Image123:
i doubt. It's simple economics or junior school business studies. There's an elastic limit to what demand and supply can do, like Mr. President said. Except price of crude reduce drastically globally or dollar to naira rates "improve" significantly (which the major players don't want), forget significant reduction in PMS prices. Refineries compete but not for loss. Of course, subsidy is gone so not considering that option, except some future leader gets the idea from a madman.

But is now 835 in PH
935 in Lagos
And yet born announced 600 per liter yesterday.


What's do u have to say clown 🤡

Pluto33:
Source:
https://thesun.ng/fuel-price-may-crash-to-n500-per-litre-marketers/

This one's are still in campaign mood 19 months after election..😁🤣😋

tiswell:
Una don cum again this year



Anyway,anything more than N180 per liter is not acceptable

U be mumu

Barims:
Nigeria is a useless nation

But is now 835 in PH
935 in Lagos
And yet born announced 600 per liter yesterday.


What's do u have to say clown 🤡

ecomalchemistt:
Make I bend , una too like cruise for this country.

But is now 835 in PH
935 in Lagos
And yet born announced 600 per liter yesterday.


What's do u have to say clown 🤡

Ojuntana:
Local refining has always been a solution

All those who ever paid subsidy or protested against its removal should be shot

Very true. Including those who demonstrated in 2012 against GEJ's subsidy removal.

We able Nairalanders can help you post their pictures carrying banners and holding hands against GEJ here on Nairaland.

You may have to start from Daura and Aso Rock.

Wise people cautioned against throwing stones into the market.

unbiasedTruth:
Why did it increase 288.9% under Tinubu's APC?

.subsidy removal na that cause inflation and it has to increase to balance the equilibrium.

Dull citizens everywhere

duduade:
Let it first reach ₦500 before talking

But is now 835 in PH
935 in Lagos
And yet born announced 600 per liter yesterday.


What's do u have to say clown 🤡

inyass2580:
Mad ppl every where…. U Dnt knw diff btw may nd will…. May is Jst speculation so we r goin to wait till may dt will never come abi…. God will punish all APC supporters even tinubu supporters will go to Hell fire.. because d bible said love ur neigbour as u love urself.. did dy love us? Person dy use 20 cars where sm cnt even boast of 100k for aza even sm 10k nd we ar here supporting nonsense…. Eoni jere

But is now 835 in PH
935 in Lagos
And yet born announced 600 per liter yesterday.


What's do u have to say clown 🤡

You are a illiterate and doesn't know d importance of the high school u attended 😢

Useless youth everywhere

ajebuter:
Let it come down further

E no go still better for APC for making us celebrate and anticipate fuel at 500 naira as against 150 naira

Iyalaaya yin ni APC

But is now 835 in PH
935 in Lagos
And yet born announced 600 per liter yesterday.


What's do u have to say clown 🤡

This is just the propaganda Tinubu and his urchins want to use to deceive Nigerians ahead of 2027 election.

blabulu2000:
Yaradua regime, the price of fuel was 65 naira per litre ...GeJ regime met it at 65 per litre but was later raised to 87 naira per litre couple with heavy subsidy and additional borrowing... and during the Bihari regime, it was raised to 340 naira per litre due to heavy subsidy and additional borrowing.

Bihari and GeJ add to the country's debt, whereas Baba Tinubu pays it off and reduces our debt servicing burden by 50% in the first quarter of this year.


Now, comparing the price of fuel per litre when it was heavily subsidized to the same fuel when it is no longer subsidized is absurd....perhaps you do not understand the meaning of subsidy... Google will help you.

My brother u are d most learned here and u really understand.
May God bless you.

Many Nigerians are just educated by certificate but they can't make finding and make good research to understand situations all in the name of hatred they have for the party or person in power....


Don't forget
PMSnow 835 in PH
935 in Lagos
And yet born announced 600 per liter yesterday.

Monday60655:
This is just the propaganda Tinubu and his urchins want to use to deceive Nigerians ahead of 2027 election.

But is now 835 in PH
935 in Lagos
And yet born announced 600 per liter yesterday.


What's do u have to say clown 🤡

nairalanda1:
Not possible, in a way.

Though I say the above with caveat. If Dangote continues pumping more for the market, meaning import costs go down, and he continues to make enough of a profit selling oversease, maybe.

But I doubt it would reach N500. Refineries are built with loans, not with free money, and the loans got to be paid back. Workers also have to be paid competitive wages, because Dangote is competing globally not with Nigeria. And yes, oil workers in NIgeria japa. (And have been doing so for decades. It's a high skill work, and they are in high demand).

ehen na....nigerians have to start thinkin for themselves than depend in promises and prognosis like you....

you considered alot for factors in your calculations....normaly nigerians dont do this and go along with what others tell them....

gullible....

justtoodark:
gullible....

You better learn to speak like an adult, not like a child without upbringing.

Remember, abuse does not bring you respect, it brings you problems, and more problems

Good afternoon.

Pluto33:
Source:
https://thesun.ng/fuel-price-may-crash-to-n500-per-litre-marketers/

My biggest concern how would the prices of food stuff and basic necessity come down , that the problem

MadamExcellency:
Bunkery is already N500 for Creek refineries. The benefit of subsidized crude oil directly from a pipeline.

You won't want to put that kind of fuel in yer car...just saying.

Max24:
I doubt this postulations because this will defeat one of the reasons Tinubu adduced for removal of subsidy. In our fuel price is way below international price then smuggling across our bothers by our neighbours continues. We are probably not supplying Nigeria alone but other West African counties.

True. Immediately fuel prices really go down, smuggling to neighbouring countries will resume. Trust 9ja. As soon as there is profit to be made, they will smuggle. Soon, with poor maintenance culture, the creaking refineries will crumble and oil will be scarce again.

Some in the system will find ways to resume fuel importation again and eat subsidy money.

Yes, some will tag this as pessimistic. But 9ja history has shown that we have too many saboteurs.

Irrespective of govt in power.