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Nairaland Forum / Nairaland / General / Politics / Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu (30875 Views)
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Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by jesmond3945: 4:50pm On Jun 08, 2023 |
Manny21:only when they buy from dangote |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Ezmans: 4:51pm On Jun 08, 2023 |
Manny21:Nigerians will buy petrol 2500 this year, save this I said |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by EmekaA125(m): 4:54pm On Jun 08, 2023 |
pandoragirigory:Simple economies. |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by lexy2014: 4:55pm On Jun 08, 2023 |
Basic123: You didn't answer the question. How did Tinubu forge on? I thought he begged the NLC not to.embark on strike? |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by nairalanda1(m): 5:01pm On Jun 08, 2023 |
JAMO84: Amnot a Gej supporter, let's start from there But to answer your question 1. Crude oil was between 90 to 130 dollars under GEJ and this had a knock on effect on cost of refining petrol AND cost of subsidies. And the crude prices were so high that by 2013 subsidy could not cover the loss sustained from selling petrol at subsidy price. 2. Multiplicity of importers. Part of the subsidy costs went to them. Buhari cut costs by making nnpc the sole importer in 2016. 3. Smuggling too increased the costs. There are good reasons why GEJ should have ended subsidy in 2012. But as we know he chose to listen to Nigerians and did parrial removal. Which reduced the costs. 4. Buhari spent less because crude was between 20 to 80 dollars under his regime. Subsidy costs fell. At one point crude oil prices were very low to render subsidy non existent as seen in 2020. Also, Buhari did far more partial removals of subsidies than GEJ. And as mentioned earlier he made NNPC the sole importer 2 Likes |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Bukola94: 5:03pm On Jun 08, 2023 |
Creamypie:GEJ tried too. I respect him and Yaradua the most 1 Like |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by erico2k2(m): 5:04pm On Jun 08, 2023 |
KingKO22:Reduce to what, if you are thinking its going to be less than N500 you must rethink, Have a think from what country on this earth can you land petrol from into Nigeria @ N400? 1 Like |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Westerville: 5:05pm On Jun 08, 2023 |
Islie: Both Tinubu and the governors are jokers,how on earth they think all Nigerians are workers. How many % of workers do we have in Nigeria? Probably 25%-30% what happens to the remaining %, they will stay at home for all they care. From the test of time Tinubu has nothing to offer, the same way we warned them about failure Bullhari, play play 100 days don reach with the same old story. |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Bukola94: 5:05pm On Jun 08, 2023 |
millionboi2:some borders have been open |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by erico2k2(m): 5:06pm On Jun 08, 2023 |
nairalanda1:Have you asked yourself howmuch crude oil was for the last three years? if the price of oil was very high removing subsidy would be deemed death?I think once the electricity is fixed, the Biz of petrol would bw left to the motorist. |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by odimbannamdi(m): 5:07pm On Jun 08, 2023 |
SmartyPants:I agree! |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Padipadi: 5:07pm On Jun 08, 2023 |
worksmart:Since everyone want to be mad, let everything go well jejely or it all scatter. That December should zoom in asap. |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by nairalanda1(m): 5:14pm On Jun 08, 2023 |
erico2k2: From 2021.dec , crude did go above 100.dollars perbarrel. But the problem was from 2014 to 2021, crude prices were around 20 to 80 dollars. For a large nation like Nigeria we needs it above 10p dollars per barrel. We had to borrow to keep our head above water during the lean times and pay debts. Which is why we never did benefit from the recent high prices. If it sounds familiar we were here before. High oil prices from 1973 to 82 followed by low oil prices for the rest of the.decade That's why i don't take this apc govt serious. No plan to take us away.from reliance on oil. 1 Like |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by B11la2b: 5:19pm On Jun 08, 2023 |
On god |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Kukutenla: 5:19pm On Jun 08, 2023 |
Nairalanda1 hope your marketers can pay salaries, taxes and other costs now |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by nairalanda1(m): 5:24pm On Jun 08, 2023 |
Kukutenla: They have to, Wilson. |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Corea4king(m): 5:26pm On Jun 08, 2023 |
Warl0ck: What z ur problem here?,or don't u understand the write up.? |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Simpubozz(m): 6:04pm On Jun 08, 2023 |
Dem private car people dey over calcu now lol.. make God no make person car spoil for house as e b like dis |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by ogbe88(m): 6:08pm On Jun 08, 2023 |
KingKO22:U guys really have no sense 1 Like |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by ZombiePUNISHER: 6:34pm On Jun 08, 2023 |
Bovis: Your protested in 2012... why not protest now.. i hate hypocrisy and it's lame defense |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Olas121: 6:45pm On Jun 08, 2023 |
Corridon:Not reducing anything on ikorodu road. |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Fearyourcreator: 6:57pm On Jun 08, 2023 |
Racoon:Oga rest... This is 2023... One can only realise their mistakes .. So no kee yourself |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Elxandre(m): 8:02pm On Jun 08, 2023 |
grandstar:Oshiomole was governor in 2012 oga. |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by shedy03(m): 8:06pm On Jun 08, 2023 |
KingKO22:And you are now buying fuel at N100/L. Thumbs π up |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by grandstar(m): 8:52pm On Jun 08, 2023 |
Elxandre: What did I say wrong? He was one of the governors that supported GEJ's removal of petrol subsidies in January 2012. Please crosscheck. 1 Like |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Truvelisback(m): 9:13pm On Jun 08, 2023 |
KingKO22:U can say that again. They can now drink their fuel. I didn't know that this was serious until I saw motorists begging me to board their vehicles. π |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Abbeytoy(m): 9:46pm On Jun 08, 2023 |
slawomir: That's a good development, and walking to drink is also healthy. You can also get a bicycle. You won't regret it |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Ejaisky: 11:23pm On Jun 08, 2023 |
ZombiePUNISHER:It was a gang up against the minority group by the major ethnic groups. Unfortunately, some people from minority ethnic groups didn't see it as such, and they joined the mob. |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by TVTM2023: 4:31am On Jun 09, 2023 |
An end to the doom that we thought was a boom.oil the curse of Nigeria turns out to be a blessing for a few corrupt but now God is changing the narrative,it would now be curse for a few corrupt and blessing for major poor masses. When we dump fuel vehicles and embrace electric and CNG vessels ,no one would teach all these idiots how to behave and pump price will reduce 2 Likes |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by Truvelisback(m): 7:16am On Jun 09, 2023 |
I also back Tinubu on this. Let's leave tribalism aside and support Tinubu on this as Nigeria takes a new shape. 1 Like |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by AroOkigbo(m): 8:35am On Jun 09, 2023 |
AntiChristian:Selling from two pumps ![]() |
Re: Subsidy Removal: Filling Stations Record Low Sales As Govs Back Tinubu by AntiChristian: 8:38am On Jun 09, 2023 |
AroOkigbo: Like 10 pumps sef! |
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