Islie:


https://punchng.com/why-we-cant-sell-petrol-at-125-litre-marketers/

semyman:

Illiterate
I pity your fellow illiterates with this your mumu write up here

omlueh:
But if the marketer bought the truck @ 145 that you rightly said, and FG gives an order to sell for @ 200 will the marketer sell. Food for thought.

TylerDurden:


sharap zombie.

NNPC never removed subsidy. They only made accommodations for the naira's devaluation from 197 to 360.

Buhari is still paying subsidy which they are calling ''under recovery''.

And FYI, NNPC is claiming that they are supplying 50 million litres per day.

This has seen the subsidy payment well over a trillion naira annually despite the fact that Nigerians can barely afford to fill their tanks.

The level of wicked and heartless looting and corruption going on in this govt is mind-boggling.

Only NNPC now imports fuel as most marketers can not afford to import owing to Federal govt policy on refusing them access to forex.

All marketers now buy from NNPC.

The NNPC then inflates the amount it sells to marketers and from there loot double in the form of increased subsidy payments to themselves and reconciling sale of non-existing fuel.

TylerDurden:


sharap zombie.

NNPC never removed subsidy. They only made accommodations for the naira's devaluation from 197 to 360.

Buhari is still paying subsidy which they are calling ''under recovery''.

And FYI, NNPC is claiming that they are supplying 50 million litres per day.

This has seen the subsidy payment well over a trillion naira annually despite the fact that Nigerians can barely afford to fill their tanks.

The level of wicked and heartless looting and corruption going on in this govt is mind-boggling.

Only NNPC now imports fuel as most marketers can not afford to import owing to Federal govt policy on refusing them access to forex.

All marketers now buy from NNPC.

The NNPC then inflates the amount it sells to marketers and from there loot double in the form of increased subsidy payments to themselves and reconciling sale of non-existing fuel.

foolbuster:


That is not the point here. everyone is in business to make profits not make loses. You guys are targeting the wrong party here.

foolbuster:


That is not the point here. everyone is in business to make profits not make loses. You guys are targeting the wrong party here.

TylerDurden:


Marketers get forex outside CBN rates.

Marketers then have to compete with NNPC which imports fuel with govt rebates at lower FOREX rates.

How do you expect them to sell at the same price when NNPC is even claiming to be selling at a loss and are declaring meeting the downstream sector demand as ''under recovery''


Make una get sense.

bluecircle470:


You’re also mad

omlueh:
It is the point right away, if the government had increase the price, and many entrepreneur/ business owners who uses fuel to run their business so as to make profits not making losses also, will the marketers ever considered that they have old stock still available so that the different business owners can adjust before they buy new stock and effect the new increment or they will instantly increases there pump price irrespective if the end users suffer the lost, please let us put on our sense of reasoning abeg.

sulaak:

During the recent CBN summit on Growth 2.0, Dangote said that Nigeria spent $49 billion on import, I was confused. What are we importing? it now obvious that the government has continue to subsidies fuel import.

So who are they paying the subsidies to?

Done2009:
Don't mind them, if government increases price of fuel 12am; you'll see the effect on pumps over the length and breadth of naija latest 12.05am, the super profit variation I beg whom did they give it to, end user or government? I beg that's suppose to be their own share of downtime of naija economy. They have been exploiting us, its our turn. Let's everybody patronises approved price stations and see if they can survive after 5days of no sales.

Maxymilliano:
I went to a filling station and filled my tank, I paid him exact amount @125 per liter, after counting he wanted to say something but i looked at him straight in the eye and he saw i was ready to change it for him if he dare complain, he just said "Oga you for ask me the price before naa" I left without saying anything.

kelvincoll:
I saw it coming though.

If it were an upward review in prices, would you selfish marketers have retailed at the current price? u would have adjusted immediately.

OlujobaSamuel:

Deregulation won't work like that oo, 9ja na special case, has the price of diesel and kerosine come down despite that it's the same crude oil that produces them with petrol

kikero:
The only way to fix this problem is via deregulation, and if we had deregulated as far back as 1993...when the idea was first suggested (and shot down by Nigerians as a 'world bank plot to impoverish us' with a certain Baroness Chalker demonized as the architect of the plot)....fuel would probably be costing N100 or less by now....and we would be earning far more from fuel, and have more refineries.

If we want to have enough cash to fund subsides, we would have to have oil at a cost higher than $139, our breakeven price. (which is that way because we have a very high population)