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Fuel Price May Crash To N500 Per Litre -marketers - Politics (6) - Nairaland

Nairaland ForumNairaland GeneralPoliticsFuel Price May Crash To N500 Per Litre -marketers (42441 Views)

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Re: Fuel Price May Crash To N500 Per Litre -marketers by Brushstrokes20: 9:14pm On Jan 04, 2025
# Seeing is believing
# Experience is the best teacher
Re: Fuel Price May Crash To N500 Per Litre -marketers by Abee79(m): 9:15pm On Jan 04, 2025
Wait! This is not an election year right? 🤔😂🤣
Re: Fuel Price May Crash To N500 Per Litre -marketers by Tayorshd87(m): 9:30pm On Jan 04, 2025
unbiasedTruth:
Why was subsidy removed?
U should have asked why did Jonathan willing to remove it and Buhari too .


Then that's where d conversation will start
Re: Fuel Price May Crash To N500 Per Litre -marketers by Tayorshd87(m): 9:32pm On Jan 04, 2025
unbiasedTruth:
Appreciate 1049% but minimum wage appreciated just 288%?

Try another joke
Yes u are correct 💯😁

Don't forget d minimum wage issue even if it was raised to 1M .
It's only civil servant that will enjoy it and it will cause times 20 inflation.

So d masses will still suffer it .

Read d post again
Re: Fuel Price May Crash To N500 Per Litre -marketers by Tayorshd87(m): 9:33pm On Jan 04, 2025
Image123:
Sit online typing rubbish then.
U are d clown here because if somebody told u 1 plus 1 is 5 u should be able to find out if it's true or not 🚫

Dull student from school
Re: Fuel Price May Crash To N500 Per Litre -marketers by Tayorshd87(m): 9:34pm On Jan 04, 2025
Celestialsword:
The problem lies in the importation of fuel, because the local production can't meet the daily needs of the country.

If all the refineries including the modular refineries are working at full installed capacity they will be able to me the daily consumption of 40 million litres daily consumption of the country

If this is achieved, fuel importation will stop,this will save us lot of foreign exchange and reduce demand for foreign exchange and fuel price will ultimately drop.
May God bless u and your generation 🙏🤲
Re: Fuel Price May Crash To N500 Per Litre -marketers by unbiasedTruth(f): 9:36pm On Jan 04, 2025
Tayorshd87:
U should have asked why did Jonathan willing to remove it and Buhari too .


Then that's where d conversation will start
Tinubu removed it
Why is fuel N1k per litre?
Re: Fuel Price May Crash To N500 Per Litre -marketers by Tayorshd87(m): 9:38pm On Jan 04, 2025
bitingcool:
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!!!
So 500 is not crash can u go to other countries to check what's d rate of their fuel price presently??

Including African counties even oil producing countries ..

Even if the oil is 1k is still very cheap

...

For d 87. Naira .
Ask urself what u bought 100 in
Year 1990 if it will still be 100 in year 2025 🤔
Re: Fuel Price May Crash To N500 Per Litre -marketers by Tayorshd87(m): 9:40pm On Jan 04, 2025
IfnobeGod20:
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.
Are u not going to reference Tinubu in it ?

Since his regime is doing these things because na Tinubu people dey abuse for hardship 🤔

All because of subsidy removal 🙁
But not know ING is Buhari 🤔
Re: Fuel Price May Crash To N500 Per Litre -marketers by iamtoofan: 10:39pm 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).
Even if Refineries are built on loan that still does not make "loan" a determinant in price or figuration of profit margin

i will give you an instance, if Chukwudi collect a corolla on loan to run a uber service ... will he charge passengers using loan or will Uber app compute price base on loan interest

if i collect loan to set up a phone store in ikeja, will i sell my phones above market prices because i collect lapo

Oga market forces is what determine price, should int'l market price per barrel go as low as $50, dangote or whoever must conform,
Loan is your personal burden cos you payback from what should have being your gain
Re: Fuel Price May Crash To N500 Per Litre -marketers by UnityAfrica: 1:12am On Jan 05, 2025
Good💯🇳🇬
Re: Fuel Price May Crash To N500 Per Litre -marketers by MasterTeeUSA: 1:20am On Jan 05, 2025
Marketers don't produce s**t, yet they continue to make up PMS prices. They want to cause chaos. Someone needs to start arresting some of these marketers. Let the producers do the talking



Pluto33:
Source:
https://thesun.ng/fuel-price-may-crash-to-n500-per-litre-marketers/
Re: Fuel Price May Crash To N500 Per Litre -marketers by ufuosman(m): 1:29am On Jan 05, 2025
cool
Re: Fuel Price May Crash To N500 Per Litre -marketers by Brilliancepower: 2:09am On Jan 05, 2025
Pluto33:
Source:
https://thesun.ng/fuel-price-may-crash-to-n500-per-litre-marketers/
Since the dollar rate is the major influencer of this present cost, then dollars should also be $1-N500.
Re: Fuel Price May Crash To N500 Per Litre -marketers by Blessedarethepe(m): 7:00am On Jan 05, 2025
Blitzking:
Economic sabotage.. death penalty if caught in asia
Make customs no catch you
Re: Fuel Price May Crash To N500 Per Litre -marketers by nwirinedu(m): 8:27am On Jan 05, 2025
Like I said before, the dollarization of crude purchase is the main cause for high prices, BAT Naira policy is working, countries like India , south Africa are using other means of payment.

The 500 per liter price can be a reality if the govt is sincere.
Re: Fuel Price May Crash To N500 Per Litre -marketers by CursedOsuPigs: 8:43am On Jan 05, 2025
Validated:
Stop day-dreaming, not possible, otherwise I will start exporting Dangote gasoline to US/Canada for $1 (N1650) per litre
You can still do that now, can't you? After all the price is N950...you still get to make profit.
Re: Fuel Price May Crash To N500 Per Litre -marketers by IfnobeGod20(m): 8:50am On Jan 05, 2025
Tayorshd87:
Are u not going to reference Tinubu in it ?

Since his regime is doing these things because na Tinubu people dey abuse for hardship 🤔

All because of subsidy removal 🙁
But not know ING is Buhari 🤔
I will only reference Tinubu if and only if you can tell me how much Tinubu spent for the refineries to resuscitate because I know Buhari pumped over $25b into it.
I can appreciate APC along with Buhari and nobody else.

Removing the fuel subsidy was the most senseless thing to have done. We told them then, build and revamp the existing refineries and the fuel subsidy will surely fizzle out automatically but they were calling us wailing wailers then but today our words are now bond. Many of their appointees were even saying if the refineries come onboard there will be no significant difference and they wrote volume of articles to buttress that but today the coming onboard of the refineries had made them liars and unpatriotic citizens.
Thank you!
Re: Fuel Price May Crash To N500 Per Litre -marketers by MrDoGood(m): 9:11am On Jan 05, 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).
People are happy.

Where did this government met the price?
Re: Fuel Price May Crash To N500 Per Litre -marketers by maasoap(m): 10:06am On Jan 05, 2025
Ojuntana:
Were you buying petrol without subsidy before?
What kind of cave did you crawl out from
U be mumu o. You made an incorrect statement and we called your attention to it. Instead of addressing it, you're asking silly question in return.
Re: Fuel Price May Crash To N500 Per Litre -marketers by Pluto33(op): 10:15am On Jan 05, 2025
darediamond:
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)
Guy, come down to our level and break this down small small as some of us are not engineers ooo... shocked
Re: Fuel Price May Crash To N500 Per Litre -marketers by Ojuntana: 10:46am On Jan 05, 2025
maasoap:
U be mumu o. You made an incorrect statement and we called your attention to it. Instead of addressing it, you're asking silly question in return.
Point to the incorrect statement pls
Re: Fuel Price May Crash To N500 Per Litre -marketers by TossTos(m): 11:12am On Jan 05, 2025
It must and lower than that . Before 2027 , I repeat before 2027 , Tinubu will not need to campaign before we go vote him again , watch and see
Re: Fuel Price May Crash To N500 Per Litre -marketers by XAUBulls: 1:48pm On Jan 06, 2025
Re: Fuel Price May Crash To N500 Per Litre -marketers by darediamond(m): 4:40am On Jan 25, 2025
Pluto33:
Guy, come down to our level and break this down small small as some of us are not engineers ooo... shocked
Then what stops you and others from becoming a Self-Made Engineers like myself?
The government controlled educational systems anywhere in the world, is primarily designed to fool you into Limiting yourself to one area of Profession and or Hobby so as to become A SLAVE to the Establishment or The Global Resources Hijacking Group which you as an uninformed Commoner wrongly called "GOVERNMENT".

Once you get yourself Liberated from there Satanic Claws of thougths, you will then become JACK OF AL TRADES MASTER OF ALL. Because you will then be able to create Solutions to series of Problems withouth you 'professionally' getting trained anywhere to do so.
Education is not about obtaining any High and Or Low Sounding Academical Titles. You are Educated only when Your Thought and Actions are Technically, Tactically and Logically Guided **ALWAYS**.

Our Human Brain have been deloped to get Multi-Tasked.
Re: Fuel Price May Crash To N500 Per Litre -marketers by Pluto33(op): 9:28am On Jan 25, 2025
darediamond:
Then what stops you and others from becoming a Self-Made Engineers like myself?
The government controlled educational systems anywhere in the world, is primarily designed to fool you into Limiting yourself to one area of Profession and or Hobby so as to become A SLAVE to the Establishment or The Global Resources Hijacking Group which you as an uninformed Commoner wrongly called "GOVERNMENT".

Once you get yourself Liberated from there Satanic Claws of thougths, you will then become JACK OF AL TRADES MASTER OF ALL. Because you will then be able to create Solutions to series of Problems withouth you 'professionally' getting trained anywhere to do so.
Education is not about obtaining any High and Or Low Sounding Academical Titles. You are Educated only when Your Thought and Actions are Technically, Tactically and Logically Guided **ALWAYS**.

Our Human Brain have been deloped to get Multi-Tasked.
Calm down abeg... sad
Re: Fuel Price May Crash To N500 Per Litre -marketers by darediamond(m): 11:33pm On Jan 25, 2025
Pluto33:
Calm down abeg... sad
Okay.
Re: Fuel Price May Crash To N500 Per Litre -marketers by Greenback: 1:33pm On Feb 04, 2025
helinues:
So we have to wait till May?
Can't you be happy for your country for once? Must good news sign be a problem to you?!
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