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Nairaland Forum / Nairaland / General / Politics / Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station (29926 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 nairalanda1(m): 4:08pm On Jul 18, 2023 |
NaijaCrusader: Well, what you are suggesting has been done several times in the past. (It is why fuel is not 15 kobo as it was some 40 years ago), and at the end, it did not work, because government cannot control the cost of producing one liter of fuel Attempts to do so is partly why we have bad refineries and why we import fuel. Basically, we got to wait till domestic refineries are running, then government can give them implicit subsides, via tax breaks, grants, and it might do something, but it won't give us fuel at N200 or less.(unless the naira grows strong, but that's another discussion). 1 Like |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Kukutenla: 4:09pm On Jul 18, 2023 |
nairalanda1:Lol. Bla bla bla. But the US is owing over a 1000% than we do What is the merit of implicit and explicit garbage to US subsidising agriculture massively in the midst of high borrowing 1 Like |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by nairalanda1(m): 4:10pm On Jul 18, 2023 |
Kukutenla: Sorry I could not help you. |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by NaijaCrusader: 4:12pm On Jul 18, 2023 |
RecessionistPMB: Yes I quite agree with you though I don't think I want to go into the line of if he is smart or not. All the leading candidates during the election said that they will remove subsidy and my own self just like most Nigerians were fooled to believe that subsidy was evil so though I have my reservations about the president we don't know if any of the other candidates would have done better but what I am saying is that we have tried the removal and so far it is a disaster and is prognosis is not looking good for the future,so the president should put a curtain to it and get back to the drawing board and there explore some of this viable options that you have just elaborated on. The government needs to be proactive |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Kobicove(m): 4:13pm On Jul 18, 2023 |
Morbeta11: |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by nairalanda1(m): 4:17pm On Jul 18, 2023 |
RecessionistPMB: 1.First off, no nation that subsidises fuel has successfully stopped subsidy leakages. Libya, where fuel costs N14 is even using its airforce to target smugglers. (not advisable here as it would cause too much collateral damage). Even Saudi has issues with diesel smuggling. 2.The reason is simple. Subsidy leakages are not just the big men with tankers, it is hundreds of thousands of poor boys and girls with small jerrycans which they carry over the border to sell. Because if you can make a clean profit, pay off the customs and still have tons of cash left over.... 3.You want the leakages to stop? It would mean sealing off our borders.....completely. Would not work, and would damage our economy further. |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by NaijaCrusader: 4:25pm On Jul 18, 2023 |
nairalanda1: I think I understand what you saying and especially as a Nigerian and my proposal is based on believing that this administration is serious to work. If they are serious about the welfare of the citizens then it is possible. If the subsidize to 250naira the won't be holistically spending more than a 100billion monthly and as I am emphasizing it will stabilize the economy and give then chance to come to terms with the day to day runnings of the economy and to formulate and implement their own policies. Then I disagree with you that government cannot control or regulate fuel price. They can and have been doing it for years now despite the industry being fraught by corruption and ineptitude folks at the helm. France a few years ago under Macron had a very similar problem they increased the fuel price and the people protested a demonstration that was called the yellow jacket protest and they Macron administration went back to the drawing table and reversed the fuel price and even increased the minimum wage of the french citizens. It can be done and has been done. The thing is that atimes politicians are lazy to do the hard work of governance 1 Like |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by whitemand4(m): 4:26pm On Jul 18, 2023 |
nairalanda1: U removed subsidy without a single plan on what to do with the money? Is that not madness? What happen to building a refinery? |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by yemi1504: 4:27pm On Jul 18, 2023 |
Buddha3: Those ones? Never! Don't be surprised if they vote for the same APC in 2027. 1 Like |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by nairalanda1(m): 4:28pm On Jul 18, 2023 |
whitemand4: I don't engage with abusive people. |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Bobloco: 4:30pm On Jul 18, 2023 |
sirray001: 😁😁😁😁😁😁😁😁 |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by nairalanda1(m): 4:31pm On Jul 18, 2023 |
NaijaCrusader: Well, fuel subsides this year were in excess of 300 billion monthly. We haven't even finished paying off last year's subsidies cost to NNPC. And with the way the cost of producing one liter of fuel is rising, the cost would have risen more and more.
Macron actually removed a fuel tax, but the price of fuel still remained higher than production cost...unlike what we do here in Nigeria...where subsidy starts by us selling fuel below its production cost. |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by whitemand4(m): 4:40pm On Jul 18, 2023 |
NaijaCrusader: Thank you. Ask him how was it possible for Yaradua to reduce fuel price back then |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by nairalanda1(m): 4:42pm On Jul 18, 2023 |
whitemand4: In 2008, crude was at $145 per barrel, so we was able to afford a reduction in the price of fuel back then. Add Yaradua's overstrict financial management (he even made anti-corruption people complain he was too stingy)...and that's why. It's never been that high since, so we can't afford that thing now. And ayway, the reduction was from N70 to N65. Five years previous it was N40 self. |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Believeintruth: 4:43pm On Jul 18, 2023 |
Mrtaye: you guys should have conscience and fear God. How much were you paid to spew trash? |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Kukutenla: 4:52pm On Jul 18, 2023 |
nairalanda1:I don't need your help Go and help yourself when you fill your fuel tank with 52k next week It's still cheaper than UK |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Mrtaye: 5:11pm On Jul 18, 2023 |
Nteogwuija:Petrol is the bone of contention here so why bring cement and rice to the picture |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by bluefilm: 5:16pm On Jul 18, 2023 |
jmoore: Lai lai.... e no go favour anybody else unless you decide to stand on his |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Gilgil: 5:17pm On Jul 18, 2023 |
1. Long term contract signed for supply of vehicles, parts & servicing for the big transporters. You have to wait out the contract term. 2. Cheaper pricing of the other versions, could be fairly used versus costlier made in Nigeria brand new by Innoson. Calm down and you could learn a thing or two georgeakins: 1 Like |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Mrtaye: 5:19pm On Jul 18, 2023 |
Believeintruth:I don't need to be paid it's just common sense and patriotism...n Libya the price of fuel is 10 naira per litre and the irony is that we have much more crude oil compared to that of Libya but unfortunately we are buying for close to 1000 naira per litre and you are saying I shouldn't be crazy....this is beyond party politics oooo it's about Nigeria here okay |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by ViktorCash: 5:20pm On Jul 18, 2023 |
Renewed Shege |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by nairalanda1(m): 5:54pm On Jul 18, 2023 |
Kukutenla: Well, at 1000 naira or more per liter cost equivalent in the UK, I guess you lie when you say it is cheaper over ther. And yes, I shall buy fuel at the new price. I've adapted. You haven't. |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Kukutenla: 6:13pm On Jul 18, 2023 |
nairalanda1:It's not my fault if you don't understand English. Not you shall, you MUST. Its not out of a willingness to comply but compulsion. You considered yourself lucky to escape today but you won't escape next week. You must chop the breakfast. GET READY |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Nobody: 6:14pm On Jul 18, 2023 |
Kajaard:
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Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by nairalanda1(m): 6:15pm On Jul 18, 2023 |
Kukutenla: The coat rack is on the way out, dear boy. |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by eedris85(m): 6:36pm On Jul 18, 2023 |
Thank God I got to hear the news on this thread early this morning. As such, I didn't mind filling my tank where there was so much queue @Naiabawa (A.A RANO Zaria road) at the the old rate of #540(though I queued for almost an hour) that I had to fil up my tank this afternoon. Thanks to Nairaland for the fast info. 1 Like 1 Share |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Diddycsbsb: 6:40pm On Jul 18, 2023 |
Who ever that is reading this message save it and don't forget it... Something worster than End Sars will happen this year... |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by ComeToJesus: 6:41pm On Jul 18, 2023 |
That okpolo eyes no well at all |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by mbos: 6:42pm On Jul 18, 2023 |
the final cost shall be about the N800 before the end of year |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by Exceed15: 6:50pm On Jul 18, 2023 |
But apc supporters are buying at N50 o. Mumu people. Buhari show una banza, una still carry una hand vote for the same party as if they different. Insanity is doing same thing all over again and expect different result. |
Re: Petrol Hits N620 Per Litre In Kano, Motorists Desert NNPC Station by jude33084(m): 7:14pm On Jul 18, 2023 |
FreedomArmy: |
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