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Fuel Price May Crash To N500 Per Litre -marketers - Politics (5) - Nairaland

Nairaland ForumNairaland GeneralPoliticsFuel Price May Crash To N500 Per Litre -marketers (42451 Views)

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Re: Fuel Price May Crash To N500 Per Litre -marketers by justtoodark: 3:29pm On Jan 04, 2025
nairalanda1:
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.
good afternoon....we are to criticize each other in a nation....thx....
Re: Fuel Price May Crash To N500 Per Litre -marketers by tpain121: 3:48pm On Jan 04, 2025
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.
Them use lies swear for Una APC urchins?

Tinubu that has borrowed in less than 2 years what Buhari borrowed in the entire 8 years?

You see white and call it black.

Una head no correct sha, because a normal person won’t lie at this rate.
Re: Fuel Price May Crash To N500 Per Litre -marketers by justtoodark: 3:52pm On Jan 04, 2025
tpain121:
Them use lies swear for Una APC urchins?

Tinubu that has borrowed in less than 2 years what Buhari borrowed in the entire 8 years?

You see white and call it black.

Una head no correct sha, because a normal person won’t lie at this rate.
atleast they are not borrowin to pay something as simple as salaries in a goverment....

look who wan talk add join....
Re: Fuel Price May Crash To N500 Per Litre -marketers by Celestialsword: 4:17pm On Jan 04, 2025
COMPAQ:
.

Dangle has said several times that he is meeting 100% of Nigerian consumption. NNPC which was our sole importer before it's no longer importing. If any marketer is importing, it's because he chooses to, not because Dangote doesn't have enough.
Dangote agreement with NNPCL is 60 million litres per week and that translate to 8.5 million litres per day.Nigeria daily consumption is 40 million litres per day
Re: Fuel Price May Crash To N500 Per Litre -marketers by bluefilm: 4:31pm On Jan 04, 2025
Story for the agbadorians

Not so long ago, fuel price was 65 Naira per litre
Re: Fuel Price May Crash To N500 Per Litre -marketers by Ojuntana: 4:41pm On Jan 04, 2025
maasoap:
Where did you hear that from? Were you buying litre of petrol at equal or above the exchanged rate before?
Were you buying petrol without subsidy before?
What kind of cave did you crawl out from
Re: Fuel Price May Crash To N500 Per Litre -marketers by PrincessofDSS(f): 4:49pm On Jan 04, 2025
2cribz:
Dollar will drop to 1k or 800,by then 400 500 a liter will be possible. 4 now,make I dey manage my half tank with vewi vewi slow response to gas pedal.no more hard acceleration and braking,even if I high.
I guess you’re naturally high always with your vewi vewi slow motion comment…😂😂
Re: Fuel Price May Crash To N500 Per Litre -marketers by bitingcool: 4:55pm On Jan 04, 2025
unbiasedTruth:
It was met at N87
My BROTHER OR SISTER!! GOD BLESSSSS YOUUU OOOOO!!!!

SEE THEM TALKING AS IF ITS A 'CRASH'.

THE ELLIPTIC FAILURE MET SOMETHING AT 87 AND INCREASED IT 15 FOLD AND IS NOW CALLING 500 A CRASH AND HOPING TO WIN HEARTS AND FUTURE ELECTION WITH THE STUPID CRASH

Even his blind followers are lauding the news showered with probabilities of 'May' as if its an achievement. If the 'crash' does not fall within limits of the initial cost he met it then all this Tinubu is working talk is balderdash.

Your comment shows that there are still a few logiacals who reason things and can decipher gimmicks of stupidity.

500 my foot!!!
Re: Fuel Price May Crash To N500 Per Litre -marketers by AutoConsult: 4:58pm On Jan 04, 2025
Validated:
Stop day-dreaming, not possible, otherwise I will start exporting Dangote gasoline to US/Canada for $1 (N1650) per litre
Fuel is cheaper than water in Iran.
Re: Fuel Price May Crash To N500 Per Litre -marketers by LegendHero(m): 5:12pm On Jan 04, 2025
Westman001:
It better be.

@DemonSlayer, LegendHero and Metrofox you remember I made this claim that time. We argued about it you thought I was being too much.

I pray this doesn't turn out to mouth talk alone.

It is absolutely possible but we hope the greedy folks sulking this country of better life for everybody have their conscience improved.
Yes you did. Let’s see how it goes.

We hope for the best
Re: Fuel Price May Crash To N500 Per Litre -marketers by TalkingBird: 5:32pm On Jan 04, 2025
As usual.
Re: Fuel Price May Crash To N500 Per Litre -marketers by ussv: 5:32pm On Jan 04, 2025
until then
Re: Fuel Price May Crash To N500 Per Litre -marketers by Ekaka14: 5:40pm On Jan 04, 2025
propaganda , let's see it first!!
Re: Fuel Price May Crash To N500 Per Litre -marketers by 3kay945(m): 5:41pm On Jan 04, 2025
I still bought fuel at 1045 naira at Total station close to Ijegun, lagos. Which kind rubbish be this ehn
Re: Fuel Price May Crash To N500 Per Litre -marketers by EDOSBROWN: 5:49pm On Jan 04, 2025
jkpbestseries:
We are watching
It a lie, believe them at your own risk,
Nothing good can come out of APC
Re: Fuel Price May Crash To N500 Per Litre -marketers by blabulu2000: 5:53pm On Jan 04, 2025
tpain121:
Them use lies swear for Una APC urchins?

Tinubu that has borrowed in less than 2 years what Buhari borrowed in the entire 8 years?

You see white and call it black.

Una head no correct sha, because a normal person won’t lie at this rate.
Come up with fact. ...and stop ranting. .. Go and check record from the bureau of Statistics website and come back let's discus. ...I don't need your assumption perspectives.....
Re: Fuel Price May Crash To N500 Per Litre -marketers by ganilas007: 5:53pm On Jan 04, 2025
Let it crash and mount the borders.
Re: Fuel Price May Crash To N500 Per Litre -marketers by Bimow: 5:55pm On Jan 04, 2025
It's possible, Dangote will continue to rake in dollars and buy in Nair, it means 50% pressure off dollars, more on NAIRA. and with competition with Importers, he must reduce the price to match market.
Re: Fuel Price May Crash To N500 Per Litre -marketers by Bimow: 5:56pm On Jan 04, 2025
It's possible!!
Dangote will continue to rake in dollars and buy in Naira, it means 50% pressure off dollars, more on NAIRA. and with competition with Importers, he must reduce the price to match market.
Re: Fuel Price May Crash To N500 Per Litre -marketers by amazingspiderma: 6:00pm On Jan 04, 2025
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).
If you have a refinery that produces diesel, all you need do is to build a catalytic cracker to break down heavy products.
It will take less time for such units to come into line in modular refineries.

The price of fuel at above #700 will encourage investment.

It's about the cost of petrol. The technology is not difficult.
Re: Fuel Price May Crash To N500 Per Litre -marketers by bentenny(m): 6:05pm On Jan 04, 2025
Factcheck0001:
the irredeemable obi bitters people

If the topic says fuel price may increase to 5000 per litre, he will b running his mouth like a castrated kangaroo but since he doesn't want anything good he will condemn this news
According to ur insinuation,I guess ur apc trenches comrade 'helius' is also an irredeemable Obi bitters people!
U better check his comments before u reply me😆
Re: Fuel Price May Crash To N500 Per Litre -marketers by CavendishPlex: 6:14pm On Jan 04, 2025
.
Re: Fuel Price May Crash To N500 Per Litre -marketers by nairalanda1(m): 6:18pm On Jan 04, 2025
justtoodark:
good afternoon....we are to criticize each other in a nation....thx....
Ok, gullible guy
Re: Fuel Price May Crash To N500 Per Litre -marketers by Monday60655(m): 6:27pm On Jan 04, 2025
Tayorshd87:
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 🤡
Nincompoop, where did he took the price from initially when he assumed office?
Re: Fuel Price May Crash To N500 Per Litre -marketers by IfnobeGod20(m): 6:28pm On Jan 04, 2025
What we are praying for. When we told them revamp the refineries and keep them working and the issue of fuel subsidy will fizzle out but they were abusing us and calling us wailing wailers, that revamping the refineries would make significant difference in the price of fuel. Today the resuscitation of just two refineries and Dangote refinery have justified our curiosity and label us the most patriotic citizens of this country while the same people that were calling us wailing wailers are now the one heavily rejoicing to the success of our suggestion during Buhari regime.
I give kudos to Buhari for pumping that huge amount of money to revamping our refineries. May God bless him.
Re: Fuel Price May Crash To N500 Per Litre -marketers by duduade(m): 6:34pm On Jan 04, 2025
Tayorshd87:
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 🤡
Who is yet born

Mumutimestwo
Re: Fuel Price May Crash To N500 Per Litre -marketers by oyeb15: 6:44pm On Jan 04, 2025
He has started reducing d tax he levied on d sector as 2027 draw near.

If he wins again,then d hausa Fulani are to blame but he don use hunger kill most of them .

Moreover , nobody should vote Obi. He's a divider and vote waster
Re: Fuel Price May Crash To N500 Per Litre -marketers by tbliss22(m): 6:57pm On Jan 04, 2025
COMPAQ:
It is already sold in Naira, based on the equivalent naira conversion of the international price at current exchange rate.

There is no way it won't be based on the international price. If it's lower than that price, then it's subsidy.
Ok then, time will tell.... I personally love the open competition. Somehow it should trigger the price of PMS
Re: Fuel Price May Crash To N500 Per Litre -marketers by IfnobeGod20(m): 7:15pm On Jan 04, 2025
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.
If you'd used same google you wouldn't have scored own goal because Buhari did not officially sold fuel ₦350 as you wrote but it was officially sold ₦145 till he left office.
However, you're quoting the black market price which ranges between ₦215 to ₦311 depending on location.

The link below disproved your lie on borrowing between Buhari and Tinubu. Tinubu has borrowed more than half of what Buhari borrowed in 8 years.
https://www.google.com/amp/s/dubawa.org/comparative-analysis-of-nigerias-debt-stock-in-buhari-tinubus-first-year-of-governance/%3famp=1

Re: Fuel Price May Crash To N500 Per Litre -marketers by alimiadedayo1: 7:30pm On Jan 04, 2025
tpain121:
Them use lies swear for Una APC urchins?

Tinubu that has borrowed in less than 2 years what Buhari borrowed in the entire 8 years?

You see white and call it black.

Una head no correct sha, because a normal person won’t lie at this rate.
They have cursed them, someone that just borrowed 1.5billion dollar from IMF
Re: Fuel Price May Crash To N500 Per Litre -marketers by darediamond(m): 7:39pm On Jan 04, 2025
Pluto33:
Source:
https://thesun.ng/fuel-price-may-crash-to-n500-per-litre-marketers/
All this nonsense is on all because Many people in Nigeria refuse to Learn how to Generate there own power Using 2 seperate Automobile Alternators as Generator of 220VAC and the other as High Torque High Speed Low Voltage Input Brushless DC Motor.

You only need to do simple re-wiring( not winding) of the Stator Coils!!!!
You can even Modify both Alternator and Motor to both Generate 220VAC and thus make one feed power into the other to become TOTALLY SELF-RUNNING.

Other Option is Solar Panel(s) and One Wire Self Running Earth Current Sucker(this one is complex to some extent)
Re: Fuel Price May Crash To N500 Per Litre -marketers by edgecution(m): 8:19pm On Jan 04, 2025
Validated:
Stop day-dreaming, not possible, otherwise I will start exporting Dangote gasoline to US/Canada for $1 (N1650) per litre
You are the one day dreaming. Gas in my area is currently sold at 2.8 dollars per gallon. How is $1 per litre making sense to you in USA?
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