₦airaland Forum

ulaa:
yes o, especially that minister for communication.

The Federal Government on Monday said it was currently subsidising petrol at N12.62 per litre.
It said that the subsidy figure was for petrol imported directly by the Nigerian National Petroleum Corporation (NNPC) and dispensed at its retail outlets, while the rate was N12.88 per litre for other oil marketers.

This is contained in the latest Petroleum Product Pricing Regulatory Agency (PPPRA) Template released in Abuja.

It said that although provision was not made for subsidy in the 2016 budget, it would be defrayed from “recoveries’’ made by the country from oil transactions in the first quarter of 2016.

According to the agency, between January and March 2016, the Federal Government was able to save about N10 billion as a result of selling the product above the Expected Open Market Price.

It explained that without the subsidy and given the landing cost of the product, it ought to be sold at N98.62 per litre at NNPC outlets and at N99.38 per litre by major and independent oil marketers.
According to the template, the expected open market price is the actual price of the product without subsidy and it was based on the current exchange rate of N197 to a dollar.

A breakdown of the template reveals that for NNPC retail outlets and independent and major oil marketers, landing cost of petrol imported into the country is N84.32 and N85.08 per litre, respectively.

It stated that the distribution margin, which include retailers, transportation, bridging fund and dealers margin stood at N14.30 for both NNPC and other marketers.

“This brings the current Expected Open Market Price to N98.62 and N99.38 for NNPC retail outlets and other marketers respectively,” it said.

TonyeBarcanista:
I de reply you na

TonyeBarcanista:
Ibim/Ibime




ndaloku?

refiner:
....the day Nigeria will be great is the day all this kworrupt leaders are treated with jungle justice!....











Niger which way nah!

TonyeBarcanista:
Long time dear

sammyj:
The Ekiti people has finally realised the scam called Fayose and his scam stomach infrastructure. Sooner very soon he will go down as the governor who was impeached twice in the history of Nigeria democracy! !!!

modath:
These were pointed to some emotional wet behind the ears neophytes whose only point of reference is their opaque & sentimental political leanings never glaring truth..... instead of accepting facts for what they are, counting their inevitable losses, they resorted to abuses!!! Yeye analyst!!


As for de marketing, dreams are free, anyone can wish, to put into practise is the most important.....

A working and effective system will always sells itself, we will be watching!!!

Nigerians are dead or foolish and aren't seeing the way Naija's commonwealth was either stolen or frittered away, issokay!! Demarket dey go...

DaBullIT:
We shall see


In the meantime if this is what will go down, I will implore NLC and every other union out there to insist on 56k minimum wage


And for those of you who are laughing , especially the yeebows, shouldn't you be crying ?? Until last week , i enjoyed fairly stable power supply now, it's all gone , thanks to your fraudulent attack dogs


and if you complain of fuel scarcity , give some awards to your fraudster attack dogs

and don't tell me ND is different from SS and SE , Y'all look , smell and talk the same to me

raker300:
see them, nah the "mummy thank ma" group be this...they don't pay for anything.

alowale:
I belive Even. U cannot sheet u will blame it on buhari as if buhari can sigle handedly drive the affairs of this country

Omoakinsuyi:
Falana, like Oby is still pained because they were rejected as ministers. Continue