Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,171,096 members, 7,880,427 topics. Date: Thursday, 04 July 2024 at 06:02 PM

Buhari Cannot Reduce Fuel Price To N40 Per Litre - Oil Marketers - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Buhari Cannot Reduce Fuel Price To N40 Per Litre - Oil Marketers (554 Views)

Why Petrol Price Can’t Go To N40 Now — IPMAN / Buhari Will Reduce Fuel Price To N40 Per Litre — David-West / Shocking!!! Buhari did not Reduce fuel Price In His Time despite Oil price fall (2) (3) (4)

(1) (Reply) (Go Down)

Buhari Cannot Reduce Fuel Price To N40 Per Litre - Oil Marketers by Nobody: 12:27pm On Apr 20, 2015
The Independent Petroleum Marketers Association of Nigeria, Mosimi, Ogun State chapter has disclosed that Nigerians should not expect the incoming government to reduce the petroleum pump price to N40 per litre.

According to the Association, the ongoing issues in the industry could not make such development realistic.

It explained that it could however be reversed to N87 per litre if the Federal Government builds refineries in some parts of the country.

The Chairman of IPMAN, in the state, Adeleke Bada made this disclosure shortly after the association’s Annual General Meeting held in Abeokuta.

The association was reacting to a recent statement credited to former Minister of Petroleum Resources, Tam David West who said the President-elect, Gen. Buhari would reduce the pump price to N40.

He said, “that is not possible, if you look at the nature of the market, that isn’t realistic. Do we have the refineries?

“The only reason that can be possible is when we have our own refineries and we do not export our crude oil for processing. If the processing is done in Nigeria, then it can be sold at the rate of N40 but not until all the refineries are fixed,” he added.

Speaking further, Bada faulted some makerter for not complying with the sale of Premium Motor Spirit at the N87 stipulated price.

He said “that is why they do not want to leave IPMAN alone. The government has not increased the price of fuel, it is still N87 per litre.

“But by the time you get to the depot, after paying around N2.6m for your ticket, a lot of levies are to be paid, levies from PTD, IPMAN and all others, adding them all together with the cost of transporting your trucks to the station, no one is ready to run at a loss.

“I even give them (marketers) kudos for selling the fuel because they do not want the masses to suffer despite all these anomalies. That is why if you can afford to buy it at the prices they sell, then go on because we make use of it everyday.”


http://dailypost.ng/2015/04/20/buhari-cannot-reduce-fuel-price-to-n40-per-litre-oil-marketers/
Re: Buhari Cannot Reduce Fuel Price To N40 Per Litre - Oil Marketers by Basildvalour(m): 12:36pm On Apr 20, 2015
How about him building refineries which will take time but also will make the project feasible

1 Like

Re: Buhari Cannot Reduce Fuel Price To N40 Per Litre - Oil Marketers by GboyegaD(m): 1:23pm On Apr 20, 2015
I guess these marketers cannot see beyond the present and are blinded by their corrupt practices. It is only a matter of time when we will have functional refineries to enable us refine ourselves.
Re: Buhari Cannot Reduce Fuel Price To N40 Per Litre - Oil Marketers by HzRF(m): 1:31pm On Apr 20, 2015
Don't worry buahri has promised to build refineries
Re: Buhari Cannot Reduce Fuel Price To N40 Per Litre - Oil Marketers by double0seven(m): 1:37pm On Apr 20, 2015
well by saying it will be feasible if refinires are built, then it is very possible. it may take a little time, but it definitely is possible.

(1) (Reply)

There Used To Be A Pastor Reno Omokri / Gov Rerun: Ihedioha, Alhassan, Otti Reject Results / PDP/TANIODS Should Accept Defeat And Move On

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 12
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.