₦airaland Forum

contigiency:
That's because those who brainwashed you tried their best in completely diverting your attention from knowing who your real enemy is. Otherwise, you would have known that these people crying now, were the people who used to hurd fuel and create artificial scarcity. Thereby creating hardship and sufferings for all and sundry. But today, your problem is with buhari who came and made sure that their malpractice against ordinary Nigerians is checked and stopped.

Hoard not Hurd and you too are a small picture man so you can't get what I am saying

contigiency:
That's because those who brainwashed you tried their best in completely diverting your attention from knowing who your real enemy is. Otherwise, you would have known that these people crying now, were the people who used to hurd fuel and create artificial scarcity. Thereby creating hardship and sufferings for all and sundry. But today, your problem is with buhari who came and made sure that their malpractice against ordinary Nigerians is checked and stopped.

At what cost, buying a litre of fuel for 125 naira, a litre of diesel for 300... This has led to general increase in prices of food and commodities, transport fares, services fares, taxes etc
Buhari and those people are all the same.

They just scamming Nigerians.

babakb:
At what cost, buying a litre of fuel for 125 naira, a litre of diesel for 300... This has led to general increase in prices of food and commodities, transport fares, services fares, taxes etc
Buhari and those people are all the same.

They just scamming Nigerians.

So, they should give you fuel for free, or for substantially below the actual market cost...which by the way is what they are doing....which would lead to makrteters running at a loss, and their businesses closing, and massive job losses .....and more people suffering.

kikero:
So, they should give you fuel for free, or for substantially below the actual market cost...which by the way is what they are doing....which would lead to makrteters running at a loss, and their businesses closing, and massive job losses .....and more people suffering.

So we should keep suffering just as we are suffering now and the marketers that are less than 5% will keep smiling to bank?

Buhari has failed in handling petroleum matters because it increased the overhead costs of Companies and Manufacturers and the masses are bearing the brunt as prices of food, commodities, services and taxes have sky rocketed.

babakb:
So we should keep suffering just as we are suffering now and the marketers that are less than 5% will keep smiling to bank?

Buhari has failed in handling petroleum matters because it increased the overhead costs of Companies and Manufacturers and the masses are bearing the brunt as prices of food, commodities, services and taxes have sky rocketed.

you will marvel at the senselessness of buharideens

babakb:
So we should keep suffering just as we are suffering now and the marketers that are less than 5% will keep smiling to bank?

If you were selling stuff right now, would you cut your prices to N5 per good sold because times are hard? Would you?

Buhari has failed in handling petroleum matters because it increased the overhead costs of Companies and Manufacturers and the masses are bearing the brunt as prices of food, commodities, services and taxes have sky rocketed.

No, the simple reason is that we are dependent on oil. When oil goes up, things get better...when oil goes down the income available to government goes down, and things get worse economically.

Buhari , inf airness to him, has done what his predecessors have been doing. For him to do the right thing...it would be to deregulate.,,so that more investments, more jobs, and lower prices come in.

Why prices of fuel went up under Bubu is because the dollar income from crude oil went down so low that Nigeria could not fund oil subsides THAT WOULD have kept fuel below N100 per liter. Even now, we can afford fuel at N123.5 per liter because everyone is feeling the pinch from covid...and oil marketers wroldwide are selling at their version of give away prcies.

And no, I don't like Buhari or APC. I never voted for him, and I wish we had more techoncrats in power really.

Hmmmmm 9ja which way naa next please......

Well said by the chairman, very soon they will run out of ideas and deregulate.. For those of you thinking you are benefiting from the direct importation by nnpc, I pity your ignorance.

kikero:
If you were selling stuff right now, would you cut your prices to N5 per good sold because times are hard? Would you?



No, the simple reason is that we are dependent on oil. When oil goes up, things get better...when oil goes down the income available to government goes down, and things get worse economically.

Buhari , inf airness to him, has done what his predecessors have been doing. For him to do the right thing...it would be to deregulate.,,so that more investments, more jobs, and lower prices come in.

Why prices of fuel went up under Bubu is because the dollar income from crude oil went down so low that Nigeria could not fund oil subsides THAT WOULD have kept fuel below N100 per liter. Even now, we can afford fuel at N123.5 per liter because everyone is feeling the pinch from covid...and oil marketers wroldwide are selling at their version of give away prcies.

And no, I don't like Buhari or APC. I never voted for him, and I wish we had more techoncrats in power really.

Wait, you are saying the higher the price of crude oil, the lower the price of petrol in Nigeria via subsidy?

VaselineCrew:
Wait, you are saying the higher the price of crude oil, the lower the price of petrol in Nigeria via subsidy?

One side effect of high oil prices is that the value of the naira goes up....so the price appears to fall.

Also, and this is more important, more money from higher oil prices means more cash for subsides, which means that prices 'fall' so to speak

The price fall we are having? Because of covid19, prices of crude have become more cheaper, and refined fuel is being sold at give away prices for now. The government under the circumstances could afford to cut prices.

contigiency:
No wonder we rarely have fuel scarcity again. Thank God. NNPC please continue importing the fuel until these people come to terms to stop creating hardship in the country through hurding of fuel and creating artificial scarcity. Or better still, until Dangote and other modular refineries start operations.

To explain this scenario would take lot of time.... To keep a semblance of stability in supply we have incurred more cost both in naira and human capital...

Under recovery, a euphemism for subsidy, in one year has topped all outstanding subsidy payment to all operators in th4 sector.

In just one location in Nigeria with over 30 depots, not more than 5 is operational and of that 5 , 2 eelieis entirely on Dangote bimonthly patronage to operate.

Jobs after jobs has done done the drain with government poor management of the downstream business...

How many stations are under lock and keys. Some looking for buyers

kikero:
One side effect of high oil prices is that the value of the naira goes up....so the price appears to fall.

Also, and this is more important, more money from higher oil prices means more cash for subsides, which means that prices 'fall' so to speak

The price fall we are having? Because of covid19, prices of crude have become more cheaper, and refined fuel is being sold at give away prices for now. The government under the circumstances could afford to cut prices.

That more cash for subsidy with higher oil prices doesn’t really add up though.

I bet if oil shoots up to $100/barrel now, the government would be complaining bitterly about how the pump price has to go up.

Reasons why I supported removal of subsidy during GEJ era, but the likes of Buhari and Tinubu were in support.

Do you really think it’s easy subsidizing petrol at $100/barrel?

Why

TallPck1:
This is too bad, monopolistic altitude of this government would only make things worst. Why not make the system favorable for the business men.

I hate what I don't like.

6:42am
No wonder we rarely have fuel scarcity again. Thank God. NNPC please continue importing the fuel until these people come to terms to stop creating hardship in the country through hurding of fuel and creating artificial scarcity. Or better still, until Dangote and other modular refineries start operations

opeyemi1984:
Well said by the chairman, very soon they will run out of ideas and deregulate.. For those of you thinking you are benefiting from the direct importation by nnpc, I pity your ignorance.

6:42am
No wonder we rarely have fuel scarcity again. Thank God. NNPC please continue importing the fuel until these people come to terms to stop creating hardship in the country through hurding of fuel and creating artificial scarcity. Or better still, until Dangote and other modular refineries start operations

kikero:
So, they should give you fuel for free, or for substantially below the actual market cost...which by the way is what they are doing....which would lead to makrteters running at a loss, and their businesses closing, and massive job losses .....and more people suffering.

6:42am
No wonder we rarely have fuel scarcity again. Thank God. NNPC please continue importing the fuel until these people come to terms to stop creating hardship in the country through hurding of fuel and creating artificial scarcity. Or better still, until Dangote and other modular refineries start operations