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Nairaland Forum / Nairaland / General / Politics / We Won’t Fix Petrol Prices Again – NMDPRA (25957 Views)
Reno Omokri Compares Petrol Prices In Ghana And Nigeria / Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero / NNPC Hikes Petrol Prices Across Nigeria. List. (2) (3) (4)
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Re: We Won’t Fix Petrol Prices Again – NMDPRA by Showpatos: 11:37am On Jun 03, 2023 |
Thank u oooo Dlewisi: 1 Like |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by casualobserver: 11:42am On Jun 03, 2023 |
Blaze14k: You are clearly not just an ignoramus but an imbecil3. The figures are out there, we spend an average of $10b a year on subsidy, over 8 years that is $80b. What does this have to do with external debt? It shows you don’t know what you are talking about. My advice to you is to shut up. Because you have acces to internet does not mean you must comment. External debt and subsidy are 2 different unrelated matters. 3 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Blaze14k: 11:49am On Jun 03, 2023 |
casualobserver: Ok lets see who is foolish cos i will make u look stupid right now. Below is the lind of my findings so tell me how you got such figures? https://businessday.ng/energy/article/buhari-burnt-n11-7trn-on-petrol-subsidies-will-his-successor-be-different/
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Re: We Won’t Fix Petrol Prices Again – NMDPRA by Sisora(m): 11:59am On Jun 03, 2023 |
Offpoint1:no na. Wetin I go come gain? |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by casualobserver: 12:06pm On Jun 03, 2023 |
Blaze14k: You are an example of why people should use condoms and not give birth to children they cannot properly educate else they become a nuisance and a liability to society. 1 Like |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by theysg: 12:08pm On Jun 03, 2023 |
Blaze14k: Your foolish brain did not consider market force... 1 Like |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Offpoint1: 12:12pm On Jun 03, 2023 |
Sisora:Na dey wey you write am |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Blaze14k: 12:15pm On Jun 03, 2023 |
casualobserver: The idiot has resorted to insults cos he cant take the truth. You see the reason why i say i cant have reasonable convo with u cos u run ur mouth like tap water. Ignorant being! Next time u quote without anything constructive to say kiss me goodbye. You are clearly good at insults nothing more. Your head is empty |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Blaze14k: 12:17pm On Jun 03, 2023 |
theysg: What is the market force can you explain it to the barest minimum? |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by theysg: 12:20pm On Jun 03, 2023 |
Blaze14k: To the barest minimum, Market forces are simply the forces of Demand and Supply. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Blaze14k: 12:23pm On Jun 03, 2023 |
theysg: So what happens when barrel of crude oil is sold at $120? |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Vision101(m): 12:25pm On Jun 03, 2023 |
@LagosBoi2 ]Majority agrees that subsidy regime needs to go but my concern here is that, if they say refining locally will not bring down the price of petrol significantly i.e dangote and getting our local refineries to work, if other companies starts importing too taking away NNPC's market monopoly, that too will not bring it down significantly, what then will bring down the price of petrol significantly? Already Buhari has borrowed heaven and earth. Buhari has truly set traps for Tinubu. He will have to prove his brilliance once again in this difficult task ahead. May God help Him. @me Local refining and competition will bring down the price marginally because the associated import costs will not be there. Government can introduce marginal subsidy to refineries through tax rebate based on quantities supplied to the local market. In this way there will be no corruption. We win by having more jobs, income to government and technology transfer. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by xcosent(m): 12:26pm On Jun 03, 2023 |
since this agency is now useless...can Tinubu scrapt it to cut the cost of governance |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Nightwolf1: 12:27pm On Jun 03, 2023 |
jullary: Before we talk about competition here, ask yourself where crude oil would be sourced from by Dangote and other players in the petroleum industry. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Sisora(m): 12:29pm On Jun 03, 2023 |
Offpoint1:I said installation. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Vision101(m): 12:29pm On Jun 03, 2023 |
@Sisora Nonsense. How can market forces operate when there's no free entrance? Only one supplier in the market. Of course it'll need to be regulated. @me Read well. Any business entity can import now. Source your fx from anywhere. No cheap cbn fx anymore. The market is free. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by rickleye: 1:01pm On Jun 03, 2023 |
jullary: Hmm, the government should say this is the maximum you can charge. You can’t trust the Nigerian to set the price by themselves . So if I import 6Million barrels , I’ll get it cheaper than someone who imports 2million barrels. I can also therefore run the competition out of business by charging a lower price or work with my competitors in charging a higher price . 1 Like |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by COMPAQ(m): 1:14pm On Jun 03, 2023 |
KingKO22: So if crude prices go up to $120 n ko? |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Geopex(m): 1:22pm On Jun 03, 2023 |
ironheart: Who paid, buhari still owed nnpc 2.2trillion naira on subsidy and u said they already paid. I promise to pay is different from i have paid u. Pls let's research well b4 talking here. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by MrWraith: 1:25pm On Jun 03, 2023 |
Anyone who believes the price of petrol will ever come down without government intervention is a f*cking idiot. What other commodity in Nigeria has ever come down in price? Price fixing of an essential commodity is done everywhere, petrol in Nigeria is the most important product in our economy, it powers most business, our transportation sector as well as cost of goods and services, even food stuffs hinges on its price. Regulating price of PMS even after subsidy ended should be this government's priority if not Dangote will feed fat from the monopoly he'll enjoy as he has in cement |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by theysg: 2:08pm On Jun 03, 2023 |
Blaze14k: You ask a question about market force and I answered you, whatsoever you have about 120$ per barrel, please go ahead and educate me. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by TheBTCinvestor: 2:52pm On Jun 03, 2023 |
datola: Haha why u dey beef na...make all thier workers go house? ![]() |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by onosbaba3310: 2:55pm On Jun 03, 2023 |
casualobserver:😂😂😂🌞🤣 answer him na, why the insult🤣 |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by onosbaba3310: 2:59pm On Jun 03, 2023 |
theysg: 🤣🤣🤣🤣🤣🤣 |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by TheBTCinvestor: 3:01pm On Jun 03, 2023 |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by CodeTemplar: 3:06pm On Jun 03, 2023 |
casualobserver:So of the failing aspects of Nigeria, it is petrol subsidy you guys noticed? Security has gulped so much money and is messier for it. The loans whose repayment we have been forced go remove subsidy for was used to build unrealistic infrastructure. The train is one of the major projects, it can't repay 10% of its cost in the near future. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by casualobserver: 3:17pm On Jun 03, 2023 |
CodeTemplar: What is the root of insecurity…..Poverty. What is the cause of poverty,…..hopelessness caused by lack of investment in infrastructure education and things that promote the productive sectors of the economy and create good jobs. Why can’t govt invest in education infrastructure and other sectors of the economy that will create jobs and reduce poverty….because out of every 4 Naira government receives, it borrows another 1 to subsidize petrol. If you cannot see the link, there is no point in continuing this discussion. 2 Likes |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by CodeTemplar: 3:24pm On Jun 03, 2023 |
casualobserver:I am guessing poverty surged around 2009 when insecurity took off on another level. You are just a cheap paid spinner. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by drlateef: 3:36pm On Jun 03, 2023 |
Blaze14k: They are more intelligent than you. Did you not read that they will monitor prices to make sure there’s no profiteering based on expected profit margin? Go back to school. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by Cheeryfeet: 3:54pm On Jun 03, 2023 |
Blaze14k: Bro no vex o. Me I be confirmed o edient. I don't support agbado master just the law of supply and demand will play out. You sound offended. Sorry |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by theysg: 3:57pm On Jun 03, 2023 |
onosbaba3310: What's funny, go ahead and explain. |
Re: We Won’t Fix Petrol Prices Again – NMDPRA by casualobserver: 3:58pm On Jun 03, 2023 |
CodeTemplar: Go and read up on Venezuela and what subsidy has done to them. They have the most oil reserves in the world (more than Saudi) , their petrol is the cheapest in the world thanks to subsidies and 97% of the population lives in poverty. That’s the path Nigeria was on. It’s no coincidence we became the poverty capital of the world in the last 12 years under the subsidy regime. No point in arguing with you anyway. Subsidy is gone and it ain’t coming back, if you like strike, when hunger catch all of una nobody will tell you to buy petrol or buy a bicycle and go to work. 2 Likes |
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