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Nairaland Forum / Nairaland / General / Politics / Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station (30159 Views)
NBS Says Petrol Hits N937 Per Litre, Fears It May Soon Reach N1000 / Is N488 The New Official Price Of Fuel? (NNPC Station In Lagos) / Subsidy: Petrol Hits N1,200 Per Litre In Ebonyi (2) (3) (4)
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Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Tochi3(m): 2:58pm On Jul 18, 2023 |
Seefinish: |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Mrtaye: 2:59pm On Jul 18, 2023 |
Believeintruth:It will not reduce the price in your imagination I guess |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Crvrider: 3:00pm On Jul 18, 2023 |
Dotherightthing: 70billion to be used on furniture and repairs among the political class! It gets to your turn, the masses, it is time to turn philosopher and breaking eggs. Isn't it obvious that Tinubu is clueless about governance? The hardship is beyond comprehendible and he is talking about sharing 8k. 1 Like |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by enemyofprogress: 3:00pm On Jul 18, 2023 |
Ghen ghen. Revolution loading |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Mrtaye: 3:00pm On Jul 18, 2023 |
Nteogwuija:Okay you pour cement and rice into your car tank and generators I guess |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by VocoGap: 3:01pm On Jul 18, 2023 |
It shall be well with my family. |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Truthshotcrazy: 3:02pm On Jul 18, 2023 |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by samwillyco1(m): 3:04pm On Jul 18, 2023 |
nairalanda1: How did subsidy come to stay ? Who introduced subsidy ? Why is our refineries not working ? |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Petacephas: 3:06pm On Jul 18, 2023 |
You just shot your gutter mouth there. Your foolish agbado of a president does not have any business coming to power. This is abuse of power. Must you punish people because they did not vote you.? We all know he has never been the choice of the people. He rigged himself in but don't worry, he will be booted out by any means available. Just watch it. Dotherightthing: |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by CaIImeTrinity: 3:06pm On Jul 18, 2023 |
proeast:@bolded chai laugh wan kill me |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by ayo2008: 3:09pm On Jul 18, 2023 |
Dotherightthing: Eggs must be broken for ommelette to be made? I laugh..Dey play!. So y is the poor the egg? Y is the poor at the recieving end? SMH |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by nairalanda1(m): 3:10pm On Jul 18, 2023 |
[quote author=samwillyco1 post=124499390] Subsidy was brought in by the Gowon administration in 1973, to protect Nigerians from the effect of the high fuel prices brought about by oil price increases due to the OPEC increasing crude prices as a form of revenge on the West for backing Israel during the Yom Kippur war It has remained because governments over time used it as a cheap means for social welfare....it does not require tax increases to pay for (at first, and it seemed easy to maintain
Roughly speaking, a big issue with subsidy is that the price of fuel is kept too low for refineries to be profitable (we do explicit subsides, not implict subsides, which is what we should have done from the word go...). As a result, refineries lose money. Also constant rising costs of production means that subsides paid to cover resultant losses from selling fuel below production costs means that as a reuslt, refineries lose money, and don't earn enough to pay maintenance and upgrade costs. (As a corrollary, don't do maintenance on your car for the next 5 years. It would run, but then it would soon fall apart). Also, free subsidy money, means more money to loot and steal.. All that damaged our refineries (Add the fact that big people soon saw there was profit to be made importing fuel). |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Prestigeboss(m): 3:11pm On Jul 18, 2023 |
Dotherightthing: we keep using proverb to suppress our problem, |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by FlintDrone: 3:17pm On Jul 18, 2023 |
Okay |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by deyplay: 3:18pm On Jul 18, 2023 |
APC poverty to the people |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Cromagnon: 3:21pm On Jul 18, 2023 |
XerXers:does the North know shettima? You think the North is like east that forgot who helped them win last 8yrs? |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Zither(m): 3:29pm On Jul 18, 2023 |
Dotherightthing: Who eats the omelette? Lol. Dey play. |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Cromagnon: 3:30pm On Jul 18, 2023 |
slimfit1:why. Will you not pay tfare? Why don't you buy bus if it makes profit |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Poske95(m): 3:30pm On Jul 18, 2023 |
Dotherightthing: I don't think Obi would have been the Pariah of such decrepit state. However, we would have been proud at the end that he came and left. If many did Buhari.....PO would have had a better run |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Cromagnon: 3:31pm On Jul 18, 2023 |
jmoore:is dangote,e, Bua, a shaka, ibeto, Lafarge abroad production? What is their price |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by sirray001: 3:36pm On Jul 18, 2023 |
Bobloco:yorubas are not feeling the heat |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by jmoore(m): 3:36pm On Jul 18, 2023 |
Cromagnon:My comment was sarcastic. You should direct your question to the guy I replied. |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Bobloco: 3:38pm On Jul 18, 2023 |
sirray001: Do you mean that the Yorubas are buying fuel cheaper |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by oloriooko(m): 3:38pm On Jul 18, 2023 |
nairalanda1: So why did BAT fight GEJ from doing this in 2012? If the selfish egocentric nonsense termed occupy Nigeria had not taken place, now the economy would have revamped and balanced Walahi BAT is as selfish as buhari Modified |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by nairalanda1(m): 3:39pm On Jul 18, 2023 |
oloriooko: Machiavellian politics. |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by dannyspeejay(m): 3:39pm On Jul 18, 2023 |
Na GH be d answer oooo |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Wodu89: 3:49pm On Jul 18, 2023 |
proeast: Hahahaha |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by sirray001: 3:56pm On Jul 18, 2023 |
Bobloco:yes nah. We are enjoying our brother Tinubu |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Kukutenla: 4:02pm On Jul 18, 2023 |
nairalanda1:What is there to see? Go and analyse the figures for US subsidy on agriculture and tell us why it's bad as well Or is it only in Nigeria that subsidy is bad? |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by NaijaCrusader: 4:03pm On Jul 18, 2023 |
Are you not seeing that the economy is crumbling and something urgently needs to be done and whatever they are doing now is not working and except we just want to defraud ourselves I don't think that returning subsidy will be costing us much as 700billion as you are envisaging. My proposal is to subsidize it to between 200 or 250 naira and this will give the government the breathing space to at least stabilize the ship and most importantly for them to go to the drawing room with qualified professionals and then come up with working policies and palliatives and other solutions to tackle the challenges of the nation. Retracting is not a crime in fact it is a sign of great leadership quality,even supreme court's and revered scientist all retract all the time if you find out that a policy is not working you revisit it nairalanda1: |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by nairalanda1(m): 4:04pm On Jul 18, 2023 |
Kukutenla: So, we are now earning as the USA does? Plus, go and read about inplicit and explicit subsidies. |
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