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Nairaland Forum / Nairaland / General / Politics / Marketers Kick Against ₦5 Reduction In Petrol Pump Price (8939 Views)
Filling Stations Slash Petrol Pump Price As Naira Appreciates To 7-Month High / Fuel Marketers Kick As FG Rules Out Price Hike / Fuel Price Hike Looms As Marketers Kick Against ₦0.5m Shipment Charge (2) (3) (4)
Re: Marketers Kick Against ₦5 Reduction In Petrol Pump Price by holluwizzy: 8:35am On Dec 09, 2020 |
Cut cost of government. Local Refineries should be working perfectly well. But no , The north is waiting for Dangote to finish his refinery so that PMS & Diesel will be sold 80% by him. Esseite: |
Re: Marketers Kick Against ₦5 Reduction In Petrol Pump Price by otokx(m): 9:12am On Dec 09, 2020 |
These independent marketers make a whole lot of money when there is increase by selling old stock. |
Re: Marketers Kick Against ₦5 Reduction In Petrol Pump Price by Branduche: 1:21pm On Dec 09, 2020 |
'A' buys Q for 1 naira at wholesale price from government. Government increases price to 2 Naira some days later. Retail price pegged at 2.5Naira due to the increase. Mind you as retail price increases, wholesale price increases from government too. where government pegged 33000 liters volume as minimum for marketers to buy. how will 'A' buy at wholesale price from government by selling old stock at old price? You are proposing he should sell at old stock. 'A' will sell with 1.4Naira and cant be able to buy at wholesale price anymore for 2Naira. No profit, No business to continue. Be open minded when making your conclusions. Moferere: 1 Like |
Re: Marketers Kick Against ₦5 Reduction In Petrol Pump Price by Moferere: 3:39pm On Dec 09, 2020 |
Branduche: Wrong |
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