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Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsPetrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries (16177 Views)

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Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by Feldie:
Anytime Dangote tries to reduce petrol price, NNPC find a way to sabotage it and keep the price up. NNPC is now the enemy of the people. They obviously dream of keeping people in penury and squalor
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by yemmit90: 9:22am On Mar 10, 2025
nedu666:
Nnpc are feeling the heat from dangote fire. Time to sabotage the man. But then where is tinubu that approved crude for naira deal
Does it mean he is not aware that all the crude has been used for loans
Perhaps they sense that Dangote might be doing price slashing intentionally to force others out of business. That is how rich monopolists do to wade off competitors.

They should just do what will benefits the masses.
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by Samunique(m): 9:23am On Mar 10, 2025
SocialJustice:
Shameless incompetent people
They're not incompetent, they know what they're doing.

They're demons that derive joy in the affliction of Nigerians.
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by MichaelSokoto(m): 9:23am On Mar 10, 2025
Paraman:
Thecable should stop writing foolish articles filling stations can't increase price anyhow because the market is deregulated, If you stupidly increase price, you will be run out of business.

Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by SalamRushdie: 9:25am On Mar 10, 2025
The greed of this Lagos cabal is something else , this is further proof fake subsidy removal was don't to help the Lagos cabal exploit Nigerians
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by symbianDON(m): 9:25am On Mar 10, 2025
If I had power, I would have jailed all NNPC top officials for life with very hard labor. They constitute 50% of Nigeria's woes. The other 50% are our politicians.
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by CodeTemplar: 9:25am On Mar 10, 2025
MrDoGood:
Do you know what monopoly is?
is when NNPC has four refineries and ground them all to keep importing petrol alone. Idiotic fool.
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by BoldBrainz(m): 9:25am On Mar 10, 2025
Paraman:
Thecable should stop writing foolish articles filling stations can't increase price anyhow because the market is deregulated, If you stupidly increase price, you will be run out of business.
Are you a dunce? Because nothing else can excuse your imbecilic comment which completely deviates from the body of the article. Abi you no sabi read?

Seeing how you have no tangible propaganda to spill in the government's defence on this issue, you swiveled to attacking fuel stations as if they're the ones refining petrol. Mumu!
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by SalamRushdie: 9:25am On Mar 10, 2025
Feldie:
Anytime Dangote tries to reduce petrol price, NNPC and government find a way to sabotage it and keep the price up. NNPC and federal government are now the enemy of the people. They obviously dream of keeping people in penury and squalor
Tinubu and his Oando boys don't mean well for anyone when it comes to petrol profit
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by udemzyudex(m): 9:26am On Mar 10, 2025
Since they can't compete they want to cause wahala.
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by fitinwell: 9:26am On Mar 10, 2025
Islie:
https://www.thecable.ng/sources-petrol-price-hike-looms-as-nnpc-halts-naira-for-crude-deal-with-local-refineries/
Who else understands this game....?

The target isn't against independent refineries like Dangote...

The target is against the Nigerian people, the issue over PMS reduction recently , is already sparking greed reaction from NNPCL..

Did they not say that Naira for crude oil will further strengthen the value of Naira?

They want PMS should not go less than ₦1,500 per liter... That's NNPCL target...
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by adebowales: 9:27am On Mar 10, 2025
CodeTemplar:
The first 5,000 senior officials of NNPCL should be locked up in an island with no comminication link with the world. Anything short will lead to stupid competition with sane investors.
i swear, call a meeting with their top executives, round them up and lock them in jails
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by galserv: 9:30am On Mar 10, 2025
This is kind of news pigs like to see angry
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by adebowales: 9:31am On Mar 10, 2025
If tinubu sack mele kyari now, you will see some Aboki’s shouting he is against the north
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by micflo28(m): 9:32am On Mar 10, 2025
Since APC came to power I have not heard any good news from them
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by richmond500: 9:32am On Mar 10, 2025
iwaeda:
That we are celebrating N860, so we will be back to over One thousand. We told them our refineries are not functional, they called us Mazi Emeka. Our sense will come back very soon. grin grin grin grin grin
comprehension is ur problem
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by Ushman333: 9:33am On Mar 10, 2025
This greedy cabal wants to disgrace Tinubu.

What are Nigerians gaining by improved revenue and from crude sales by NNPCL, a company built by tax payers money and the crude also belongs to the people.

The government must give something back to the people, and can only do that through selling fuel at a very low price, and subsidising electricity. It makes no sense when government say they are increasing revenues to governors and the people are paying huge bills and costs for fuel and electricity, this will reduce the purchasing and investment capital of Nigerians and shrink the real economy.

We all know that the citizens buying and selling/exchange and investment runs and economy, grows an economy and create wealth, not by putting money in the hands of governors who will most likely lavish it on foreign made goods.
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by alizma: 9:38am On Mar 10, 2025
This is why it's difficult for any individual called president to fix this country. These criminals can't stand to watch the price going down further.
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by Heavensake1: 9:38am On Mar 10, 2025
Nigerians need to enter nnpc and deal with people eating fat on our resources. E be like say dem dey mad!
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by frankmoney(m): 9:39am On Mar 10, 2025
God which kind country be this... there is absolutely nothing we can point in this country and say it is working absolutely nothing !!! Yet the foolish senate are talking about things that makes no sense. The worst is even citizens supporting them. Omo Nigeria don tire me
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by frog12: 9:39am On Mar 10, 2025
see as CORRUPTION don spoil NNPC
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by fitinwell: 9:40am On Mar 10, 2025
Dogalmighty17:
The grave destruction of the economy that Buhari carried out will be felt for years to come. Buhari used Nigeria's future oil production as collateral for all the huge loans he was collecting. Everything that the NNPC will produce for the next 5 years has already been mortgaged. The NNPC was only able to contribute less than 100 billion naira to the nations treasury last year. Buhari sold this country out.
If this is true... How many culprit was arrested? Abi Ex president Buhari came down and just mortgage Nigeria... What happened to Senate president and other people involved...

Can't they give account of all these mismanagement of funds and abuse of offices..

What happened to EFCC,ICPC and others...
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by Tfinal: 9:43am On Mar 10, 2025
This country is depressing. Educated witches and wizards and the helpless cry of the masses, shivering and cowardly hiding under the coverage of their shadows praying not to be the next meal.
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by MarketDispatch: 9:47am On Mar 10, 2025
Islie:
https://www.thecable.ng/sources-petrol-price-hike-looms-as-nnpc-halts-naira-for-crude-deal-with-local-refineries/
What happened to the crude Oil allocation of the four Government refineries. For NNPC to forward sell to 2030 means they do not want any Government refineries to function.
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by Chams: 9:47am On Mar 10, 2025
MrDoGood:
Do you know what monopoly is?
Any monopoly that favours the masses, is good monopoly.
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by iwaeda: 9:48am On Mar 10, 2025
richmond500:
comprehension is ur problem
You didn't pass GST courses. grin grin grin
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by Lookmun: 9:50am On Mar 10, 2025
AndroBlaze:
I have said it over and over again, people who think the problem with Nigeria is politicians and not civil servants, government parastatals and all the other bureaucracy that holds them together are in for long things.

NNPC and their staff are some of the most useless and highly corrupt individuals in this country and until people like them are tackled with their job security taken away from them, nothing is going to change.
It all starts from the leadership. Clean up the head and the body will follow suit. The civil servants have no way to benefit if their bosses (the politicians) are not benefiting 100 times more.
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by donself9: 9:51am On Mar 10, 2025
iwaeda:
That we are celebrating N860, so we will be back to over One thousand. We told them our refineries are not functional, they called us Mazi Emeka. Our sense will come back very soon. grin grin grin grin grin
crude for naira swap is not the factor behind recent Pms price drop, global oil price is the culprit here

Crude for naira swap does not negate int'l market price, Nnpc sells crude to dangote at naira equivalence of int'l barrel price,

Nnpc as never met Dangote needs, therefore dangote importing crude wont be a big challenge.
what can trigger a significant hike in Pms price is if int'l market price start going up again, maybe mazi emeka suite you cheesy
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by richmond500: 10:00am On Mar 10, 2025
iwaeda:
You didn't pass GST courses. grin grin grin
comprehension is still ur problem.
No part of the article says refinery is not working.

Na ur kind deh even sort GST grin grin grin
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by Mnewton(m): 10:03am On Mar 10, 2025
This is the best time to kick against these anti progressive tendencies, by the NNPCL
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by richmond500: 10:03am On Mar 10, 2025
donself9:
crude for naira swap is not the factor behind recent Pms price drop, global oil price is the culprit here

Crude for naira swap does not negate int'l market price, Nnpc sells crude to dangote at naira equivalence of int'l barrel price,

Nnpc as never met Dangote needs, therefore dangote importing crude wont be a big challenge.
what can trigger a significant hike in Pms price is if int'l market price start going up again, maybe mazi emeka suite you cheesy
Let me explain, though NNPC is not meeting the agreed quota but the naira-crude has helped in easing the pressure on the local currency.
If the N/C stops, the naira will face pressure thereby giving us low purchasing power
Re: Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries by saintmm(m): 10:03am On Mar 10, 2025
I wonder if the evil this government is doing the masses is not enough that few Nigerians that are privileged to get crumbs from them will just choose to consistently add to the pain?

What does this news reporter desire as the result of this news?

More hardship for the masses!

A day of reckoning is at hand
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