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Dollar Scarcity: Petrol Price Hike Looms, Marketers Say - Business (3) - Nairaland

Nairaland ForumNairaland GeneralBusinessDollar Scarcity: Petrol Price Hike Looms, Marketers Say (14207 Views)

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Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by BoneTackle: 6:52am On Aug 09, 2016
greatgod2012:
So many families could not afford the present fuel price, hence, they've packed their vehicles, patronizing tricycles and bicycles to and from work, isn't that enough sufferinghuh

With this now, I doubt if some will even be able to afford okada money.


Do they want us all to be trekking to and from work everydayhuh


What exactly is our offence for voting this man as the Presidenthuh


I weak, honestly.
, you have suddenly turned to a regular political commentator since the turn of the year, being noticing you here.

This is now your new 'family section'. cheesy I can understand, this is what negative change can cause, I see you gnashing your teeth in regret over your wrong choice with every comment.

Welcome to the wailers club cheesy
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by ancientbanana: 6:53am On Aug 09, 2016
HungerBAD:
This is a conspiracy.

I smell an organized conspiracy by the Oil Marketers,against the Government of President Buhari.

What do the marketers aim to gain,with this careful leaks of doom to the press anonymously?to cause panic?and who benefits in all this?the marketers of course.
guy wake up. There is no conspiracy. If u knw how difficult it is to source dollar in large quantities n the charges on top of it u will understand. Y will govt subsidize dollar for Muslims pilgrims but not for businessmen. Guy what is killing us is CBN wrong policies
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by Nobody: 6:54am On Aug 09, 2016
The simple fact is that we need to build more refineries.

Even back in 2012, when GEJ wanted to remove fuel subsidy and Nigerians said no, the current system...where we import most of our refined fuel needs....is no longer sustainable.

In my opinion, until Nigeria builds at least four to five new refineries, we won't get out of this mess. So far, we have one new refinery under construction, and licences grated for dozens of mini-refieneries. Action needs to be expedited by this government on their construction.

Nigeria cannot be a net importer anymore. It is not good for our economy, and for the common man.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by eph12(m): 6:54am On Aug 09, 2016
HungerBAD:
This is a conspiracy.

I smell an organized conspiracy by the Oil Marketers,against the Government of President Buhari.

What do the marketers aim to gain,with this careful leaks of doom to the press anonymously?to cause panic?and who benefits in all this?the marketers of course.
Stop being paranoid. What the government needs to do is to be proactive, take measures to prevent this.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by ancientbanana: 6:55am On Aug 09, 2016
mynduu44:
Nigeria under Buhari is in Deep Mess..

Nigerians re still groaning on the recent increase and another increase is being anticipated.
Kerosene would also increase...

Please what is the benefit of the poor in this dispensationhuh
Is it a crime to vote for Buharihuh

Instead of addressing the pressing issues, buhari is bringing back War Against Indiscipline (WAI).
Is being poor an indisciplinehuh

Pls Zombies, Epp us beg this "Schadenfreudian"
fuel 145,kero 220,diesel 210 dats change
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by Reference(m): 6:55am On Aug 09, 2016
dre11:
http://punchng.com/dollar-scarcity-petrol-price-hike-looms-marketers-say/
Take steps to protect them with what. Who will make the sacrifice, to offer all its resources when every sector is depressed, underfunded. What these people fail to realise is that an economy is integrated, the subsidy of one side leads to the starvation of the other. In a developed economy every sector must be compelled to operate at optimum efficiency. The petroleum sector is not more important than health or education or youth development or security or water supply or the environment. So the industry must learn to develop on its own. No to perpetual babysitting.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by Nobody: 6:56am On Aug 09, 2016
These marketers NEVER run out of ideas to hike fuel price. I'm so happy Buhari removed subsidy cos that has been their main excuse for a long time

Build a new refinery and stop importing petroleum products angry
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by Nobody: 7:00am On Aug 09, 2016
noxide:
These marketers NEVER run out of ideas to hike fuel price. I'm so happy Buhari removed subsidy cos that has been their main excuse for a long time

Build a new refinery and stop importing petroleum products
angry
I wonder o.

I think the marketers could form an independent company, and contribute money , so that said company could at least build two new refineries.

(But they won't. Importation is sooooo much easier. ).
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by mynduu44: 7:02am On Aug 09, 2016
Toks2008:
At this junction we all need to pray hard.

We have depended so much on crude oil and those years when it sold for 100usd per barrel, our leaders were busy embezzling the excess profits rather than use it to developed other sectors.

Unfortunately Buhari is only a victim of global downturn in oil price as it now hovers around 40usd if not lower and this has caused global economy hardship and not only in Nigeria but why we feel it much is because of the preexisting hardship in the country and I won't say its pretty late to diversify...what a sad situation .

No matter the Party that takes over, as long as we don't have other viable source of generating income for the country, I'm afraid ....
How does this ur epistle concern the subject of discuss.
The marketers re complaining of sourcing forex, yet Buhari gave CBN go ahead to sell Forex to Pilgrim guyz even at a loss (#197) yet the marketers don't ve any to buy product..
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by Reference(m): 7:03am On Aug 09, 2016
HungerBAD:
This is a conspiracy.

I smell an organized conspiracy by the Oil Marketers,against the Government of President Buhari.

What do the marketers aim to gain,with this careful leaks of doom to the press anonymously?to cause panic?and who benefits in all this?the marketers of course.
There is no conspiracy. They are just as lazy as the rest of us Nigerians, unwilling to work hard and make the necessary sacrifices for the society we desire; the architypical Nigerian mindset that our bills mvst be paid by someone else, or at somebody elses expense.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by onatisi(m): 7:03am On Aug 09, 2016
God dey oooo

Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by 9japrof(m): 7:03am On Aug 09, 2016
HungerBAD:
This is a conspiracy.

I smell an organized conspiracy by the Oil Marketers,against the Government of President Buhari.

What do the marketers aim to gain,with this careful leaks of doom to the press anonymously?to cause panic?and who benefits in all this?the marketers of course.
their leaking their plans to the press before taking action is to justify themselves against sentimental folks like you who are blinded with partisan politics which you likely dont directly benefit from

How can one be sourcing forex at 400 to a dollar and you expect him to keep selling products at when he got forex at 287 to a dollar, thats almost double the amount.

Hungerbad maybe your unflinching support of the President may suggest you are related to him or one of his adhoc staffs, please tell him that hunger is ravaging the land, everything is on a high side
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by BoneTackle: 7:04am On Aug 09, 2016
greatgod2012:
OK, if na beg, we dey beg.
We're sorry for electing you late.

Oga PMB, please, help us do something concerning this, people are really suffering, this country too hard for the citizens.



I know say you dey vex say you don dey contest since 2003, we no gree vote for you, we come vote for you in 2015, na that reason you say make you suffer the citizens for not voting for you on time.

Biko, the punishment don do, no make people die for inside the punishment, e don do abeg.

Tenk you.
lwkmd cheesycheesy

'He who expects nothing loses nothing'

Noticed that the number of people who regrets voting presidiot cassandra is steadily on the increase, they are even the worst hit by the change chain tsunami by my observation. cheesy

Some are writhing secretly in pain and regret ditto shame. Whereas others are quite vocal, as they just can't hide their displeasure/regret anymore.

Those of us who expected nothing good from incompetent doofus in aso rock have nothing to regret, as a matter of fact we saw this coming, so it's no surprise to us, maybe that's why we are more 'receptive' to the fake change

Well IMHO, I'm enjoying this change cheesycheesy
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by Nobody: 7:06am On Aug 09, 2016
ancientbanana:
guy wake up. There is no conspiracy. If u knw how difficult it is to source dollar in large quantities n the charges on top of it u will understand. Y will govt subsidize dollar for Muslims pilgrims but not for businessmen. Guy what is killing us is CBN wrong policies
1.The reason why the government is making it difficult to get dollars is to protect the naira from reaching N200000 to $1.

2.Christian pilgrims too got dollars at subsidized rates. Approved by PMB himself.

What you should be complaining about is that govt should stop sponsoring pilgrims , Christian or Muslims. Every man should pay for his religious obligations.

3.CBN or no CBN, the basic problem is that Nigeria cannot produce enough fuel for our domestic needs. We import far more refined fuel than we produce at home. And with the scarcity of dollars to buffer our currency, it becomes more difficult to import....we need more naira to buy dollars.

Therefore, prices go up.

Nigeria needs to build more refieneries. Put pressure on your legislator and on Aso Rock.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by hesilo(m): 7:07am On Aug 09, 2016
Why was it in Buhari's tenure dat everything turned down, why...why...why, if not dat he has been rejected by God himself. Hw was actually d badluck Mbaka tagged GEJ. I wish I cld jas catch dt Mbaka and give him a heavy.... huh
Toks2008:
At this junction we all need to pray hard.

We have depended so much on crude oil and those years when it sold for 100usd per barrel, our leaders were busy embezzling the excess profits rather than use it to developed other sectors.

Unfortunately Buhari is only a victim of global downturn in oil price as it now hovers around 40usd if not lower and this has caused global economy hardship and not only in Nigeria but why we feel it much is because of the preexisting hardship in the country and I won't say its pretty late to diversify...what a sad situation .

No matter the Party that takes over, as long as we don't have other viable source of generating income for the country, I'm afraid ....
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by Reference(m): 7:08am On Aug 09, 2016
Quakertellicus1:
I wonder o.

I think the marketers could form an independent company, and contribute money , so that said company could at least build two new refineries.

(But they won't. Importation is sooooo much easier. ).
Yet we say we are a hardworking people. The recession is really finding us out as all hot air and no metal.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by 4wrd9ja: 7:11am On Aug 09, 2016
nnachukz:
The painful truth we have been dodging is the fact that this general Casandra can not be removed through the ballot.
1. There won't be free and fair election come 2019.
2. The desperate dullard has never accepted he lost any election even when he wasn't even the President.
Hopefully God will do the needful to the bringer of pains to the masses even before 2019.
so so true
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by Nobody: 7:12am On Aug 09, 2016
onatisi:
God dey oooo
I read your ''prophecies''

1.Are you saying that government should bring back fuel subsidy? Really?

2.It takes time to build refineries. And when your hero GEJ was in charge, he did nothing about that. In 2010....he supposedly signed a contract to build three new refineries. Which never happened.

3.Anyway., the issue here is that we are not producing enough domestically, and we need to expedite action on the 61 new mini refineries...as well as build three new ones. It is that simple.

4.Fuel price increase will continue to happen because we import most of our needs. Not because of ''policies'' . And it does take time to build and repair the mess that is Nigeria's fuel industry.....so expect more increases. The oil price fall has revealed the cracks that should have been dealt with (and in fairness to GEJ and PDP...WOULD have been dealt with with the removal of subsidy in 2012...which most Nigerians opposed, because people did not see the long term benefits).
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by PoorUgly(m):
Emefiere is not getting this.

They should reverse this dollar float. Its not working.

Buhari never wants it in the first place. But was convinced by IMF, CBN, and Bank chiefs.

The best subsidy now is to give Oil marketer's dollar at the rate of 197. They should be top priority until we start refining.

This is actually BAD CBN policies. US is restricting the dollars from international market to strengthen their economy.

Every country is feeling it. Even China. Yuan has fallen from 6.4 to a dollar last year to 6.7 now.

Smart countries has moved to Yuan. What is CBN still doing with our Yuan agreement?

Emefiere seems to be too incompetent. Sanusi was better and smarter. Thats was why it looked as if GEJ was better.

Moreover, someone should talk to these NDA they are crippling our dollar income.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by Nobody: 7:17am On Aug 09, 2016
PoorUgly:
Emefiere is not getting this.

They should reverse this dollar float. Its not working.

Buhari never wants it in the first place. But was convinced by IMF, CBN, and Bank chiefs.

The best subsidy now is to give Oil marketer's dollar at the rate of 197. They should be top priority until we start refining.

Moreover, someone should talk to these NDA they are crippling our dollar income.
The problem is not the dollar float....but the fact that we are importing most of our fuel needs!

That is the issue at hand.

And anyway, while I opposed the dollar float myself....it was eventually going to happen because we are no longer earning enough dollars to buffer the naira.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by Nobody: 7:19am On Aug 09, 2016
eph12:
Stop being paranoid. What the government needs to do is to be proactive, take measures to prevent this.
There is only one measure....improve refining capacity. No other measures would work.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by greatgod2012(f): 7:25am On Aug 09, 2016
BoneTackle:
, you have suddenly turned to a regular political commentator since the turn of the year, being noticing you here.

This is now your new 'family section'. cheesy I can understand, this is what negative change can cause, I see you gnashing your teeth in regret over your wrong choice with every comment.

Welcome to the wailers club cheesy
don't mind me my brother.

The day my anger started is the day my hubby told me that we can no longer afford to use 2 cars, that it's no longer affordable, I vex ehn, but I know he's right, absolutely right. That day seems to be the beginning of my wailing.

Imagine, I work, he works and all of a sudden, we can no longer afford what we could easily afford before. Isn't that enough to make one angry. And we have children that we have already trained with comfortability, how do we now explain to them that mummy will no longer come and be picking them in school with car again.


Abeg, no blame me jare, I'm still for families.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by kgr8mike(m):
At $140/ barrel of oil we bought fuel N97 and now at $40/ barrel of oil we are buying fuel at N145.

By simple proportion we are supposed to buy fuel at N26. But they are still contemplating a hike.

Honestly the hardship this government is putting us into is untoward. And all I can see is a people revolting against the operation in the land
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by dytbabe: 7:26am On Aug 09, 2016
Honestly
I am so short of words
All I can do is just heave

DEEP SIGH!!!!!!!!!!!
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by Ghnaija(m): 7:27am On Aug 09, 2016
ucee64:
God Bless buhari and APC for the suffering they are giving us .2019 is damn just too far! I can't wait to do the needful .it will not be well with buhari and his zombies
de man is just having a revenge on is enemies
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by Toks2008(m): 7:34am On Aug 09, 2016
OBAGADAFFI:
Buhari is also among the past leaders.
History has it that he ruled for a very short period before Babangida couped him out and in that very short period he made impact.

I'm not rooting for Buhari but please let's be realistic.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by PoorUgly(m): 7:37am On Aug 09, 2016
Quakertellicus1:
The problem is not the dollar float....but the fact that we are importing most of our fuel needs!

That is the issue at hand.

And anyway, while I opposed the dollar float myself....it was eventually going to happen because we are no longer earning enough dollars to buffer the naira.
But the meaningless float shot the dollar up to N400.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by BoneTackle: 7:42am On Aug 09, 2016
greatgod2012:
don't mind me my brother.

The day my anger started is the day my hubby told me that we can no longer afford to use 2 cars, that it's no longer affordable, I vex ehn, but I know he's right, absolutely right. That day seems to be the beginning of my wailing.

Imagine, I work, he works and all of a sudden, we can no longer afford what we could easily afford before. Isn't that enough to make one angry. And we have children that we have already trained with comfortability, how do we now explain to them that mummy will no longer come and be picking them in school with car again.


Abeg, no blame me jare, I'm still for families.
My sister it's an appalling situation. Their are millions of Nigerians who have adopted this 'adjustment methodology' that you and hubby have chosen, and rightly so.

Imagine under the previous administration, you could power your generator from 7pm till 5am the following morning, but nowadays if you power your gen reach 11pm you even try be dat .

This is just one of the many parameters to gauge economic hardship Nigerians are faced with under the ethnoreligious bigoted leader ruler.

Under this incompetent and undemocratic presidiot, cost of living has skyrocketed whereas standard of living has dropped. Life has becoming almost unbearable for most Nigerians. There is untold hardship, hunger and suffering in the land, yet some god-forsaken hate-filled zombies would come here and defend their god booharri on empty and hungry stomach.

I no blame you joor, at least you have conscience and a functionaL brain and you know when not to be a zombie or sheepish follower, you have made an informed decision to be a wailer, just like many others. You are welcome once more.

Erm... I must say I miss the fam section thou, haven't being there for a loong while.... lol.

Work beckons. Good AM! cheesy
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by alt3r3g0: 7:44am On Aug 09, 2016
All hail avengers. I am sure their supporters are enjoying this and not affected.

People openly say they will destroy our main source of income...we encourage them, they destroy it, we applaud them, then we start shouting when the effect hits?

Only when we are united towards the common good of this nation can we move forward.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by stonemasonn: 7:46am On Aug 09, 2016
General Casandra lol, nairalanders no get chill.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by kelvine(m): 7:47am On Aug 09, 2016
praise010:
Sometimes ago PMB was in China. Some agreements were signed and the APC economists argued that the Naira would soon be strong and the Dollar will become useless.

I was among those who preferred a man with NEPA bill to be our president in place of a PHD holder.

I pray father forgive me and let this cup pass over me.
I appreciate your sincerity.
Re: Dollar Scarcity: Petrol Price Hike Looms, Marketers Say by Nobody: 7:49am On Aug 09, 2016
HungerBAD:
This is a conspiracy.

I smell an organized conspiracy by the Oil Marketers,against the Government of President Buhari.

What do the marketers aim to gain,with this careful leaks of doom to the press anonymously?to cause panic?and who benefits in all this?the marketers of course.

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