Maybe I'm wrong but I believe NNPC still imports PMS which forex rate are they using. If it's the official rate which I think they'll use, how much then would they sell? Refineries in Nigeria still produce PMS how much would it sell. The pricing templet is for importation.

faites:


I also asked that question. Why use 285 to calculate when CBN dollar rate is 199? How did they manage to arrive at 285? Is that now the new CBN rate? I suspect there is something these guys are not telling us.

that W̶̲̥̅̊åS̤̈̊ a y I made the comment,but a Guy who never understood what I meant thought I didn't know what am saying. Anyway the way this guys are lying and the way they are hiding the truth I can say that if not that the FOI bill has been passed B4 they come on Board,they won't even pass it

Emade:
let's give them chance I think he is making sense let feel the pain now and enjoy the benefits later God help us

That's the problem we are the ONLY ones feeling the pain, when senators buy SUVs and ministers can raise memos to get money for trips when ever they like and the presidency still maintaining a dozen or so planes. Why must WE be the ONLY ones, why.

N285 to $1 how? Secondary source? Where? Please Kachukwu tell us, no be only fuel need dollar

Elijahrona2:
Well, (my own opinion o) Nigeria is like an old building undergoing renovations. Ask yourself: if you want to renovate a building, won't some parts be demolished before building other parts? Nigeria is still in the demolishing phase. One day the renovation would be complete.

#GodBlessNigeria

Na true jare. U are talking!

Buhari could have instructed Efcc to arrest the so-called marketers that got fuel at a govt subsidized rate and sold same in the last 3 months @N200/litre.

Thank God for what am seeing APC do today for tomorrow knows how to do things for itself.

not4sure:
The government said anybody can now import the petrol. Why organized labor decide to import the fuel and sell it #45 for their members. Just thinking...

Believe this govt and believe any thing.

Its all BUKUM

President says no subsidy removal

VP says its adjustment in forex to enable IPMAN import

Kachuku, the 145 Naira is the peak to which all must nor exceed, and NNPC would sell far less. But as i speak its only NNPC that is selling at the 145 none of the independents are selling below 145 rathe its well over 160, 170 and so on






lai ?

The more you look the less you see.

Emade:
let's give them chance I think he is making sense let feel the pain now and enjoy the benefits later God help us

Have u ever enjoyed benefits in this country before ?

Elijahrona2:
Well, (my own opinion o) Nigeria is like an old building undergoing renovations. Ask yourself: if you want to renovate a building, won't some parts be demolished before building other parts? Nigeria is still in the demolishing phase. One day the renovation would be complete.

#GodBlessNigeria

You said your opinion.

So i wont ask myself that useless question..

On another note You guys should

Allwility:

From the minister's comment one can infer that subsidy was not removed and the government has unofficially devalued the naira to N285.
What stops this 'change' government from repairing the refineries and using trucks to distribute the products nationwide?

the refineries even when working optimally can not satify d nigerian demand.

Ubenedictus:
the refineries even when working optimally can not satify d nigerian demand.

Then we upgrade the existing refineries or build small modular refineries in different states. We have the money and with public private partnerships, we can do it sir.

Okeycima:
I thought the established exchange price for dollars is 199,so which one be 285?,una don reset am or do CBN not existing?

There is no forex in d CBN, that means the marketers has use the interbank rates.

Naughtysite:

Have u ever enjoyed benefits in this country before ?

no I don't think I have but that does not mean it cnt start with this

Allwility:

Then we upgrade the existing refineries or build small modular refineries in different states. We have the money and with public private partnerships, we can do it sir.

Did u forget nigeria is broke and cant even finance its own budget? our only hope is d private sector.

Naughtysite:


You said your opinion.

So i wont ask myself that useless question..

Wateva

why cant d gvt motivate ppl to build refineries first before removing subsidy?Must we remove subsidy before investment will take place in d petroleum industry?A concerted effort by d gvt to build refineries in a yr wt maximum capacity will solve d whole problem of scarcity and problems in d industry.And i bet it that in six mnths time d price of fuel will nt go down bc nigeria is a large mrkt with high demand,rather d cartel will cause scarcity to maintain d high price.Dis gvt needs to be sensitive by understanding that harsh decisions r not taken to remove harsh policies bc the masses will be the one to suffer.

Ubenedictus:
Did u forget nigeria is broke and cant even finance its own budget? our only hope is d private sector.

i agree wt u dat our only hope is d private sector but what assurance do we have dat wt subsidy d private sector will build refenereis?

This was a study made by Dr. Goodluck Jonathan's Government far back 2012, which pegged the price at 141NGN. From the look of things, the APC led Federal Government saw GEJ's policies as fantastically good for implementation and refused to join him in making the country better only to get power via deception just to Kick start po policies formulated by the immediate past Government. You remember TSA(Single Treasury Accounts)?

It is now clear that this APC led Government had no plans and programs for implementation but succeeded in turning peoples heart to favour their political will and turn back to punish the same people that gave them power.
Nigerians should wake up and resist those deceptive agents or pay with their blood for voting into power, an insensitive, careless and reckless bunch of ineptitude.

Nlc strike is senseless. If buying fuel for 200# will make Nigeria better, I am in.

With all dis jargons talk yet dey refused 2increase minimum wage...rubbish

Emade:
let's give them chance I think he is making sense let feel the pain now and enjoy the benefits later God help us

We've Heard More Sensible Talk Than This, At The End Nothing Is Done.
They Really Made Sense During D Campaign, But How Many Have We Seen For The Past 11 Months

Josagieboh:

We've Heard More Sensible Talk Than This, At The End Nothing Is Done.
They Really Made Sense During D Campaign, But How Many Have We Seen For The Past 11 Months

we Nigeria's hate truth and we enjoy lies that is why each election time we will always be deceive.

felicitywe:

i agree wt u dat our only hope is d private sector but what assurance do we have dat wt subsidy d private sector will build refenereis?

Profit! that is the reason private investors must build refineries. with subsidy gone there will be much profit in buying made in nigeria fuel.
all tins been equal dangote refinery will start producing at the end of d year.

Capital float ?

So, you now have what we call a double warning. NNPC is suddenly finding its importing what they probably didn’t expect in terms of volume and the fact that Nigerians themselves are consuming more volume that they will normally consume in earlier months.

He also re-iterated on the fact that neighboring countries are selling fuel at more that $1 per liter. Of which $1 in Nigeria today is about N360.

"Couple with the fact that the countries that are surrounding us as a nation are all selling fuel at more than $1 per liter. $1 today is about N360. If you go to Cotonou, Ghana, Niger so is is not unlikely that some of our petrol is finding itself across the body to these countries".

Click on link below for more information
http://www.newzified.com/fuel-price-in-nigeria-likely-to-be-n360-per-litre-oil-marketers-insist/