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Nairaland Forum / Nairaland / General / Politics / Fuel Rises To ₦1,300/Litre As Depots Run Dry (17202 Views)
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Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by MrPOTUS: 7:56am On Jul 29 |
nairalanda1: Yes, subsidy removal was right, floating d currency at d same time was wrong. You can't float a currency without steering the economy from import oriented to export oriented. D naira flotation is the problem we're facing, not even d subsidy removal, it's just like our economy depends on dollar, same as d refined fuel. Instead of him to put in place means that will boost our productivity, so we'll have enough surplus to export, he arrogantly floated the currency. There's no light at the end of the tunnel, it's darkness upon darkness. D CBN monetary policy cannot help, it'll only destroy businesses, dis inflation is not as a result of excess money in d economy. This is a cost push inflation caused by Mr. Tinubu. Cardoso is just doing try your luck. 2 Likes |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by Mbanda(m): 8:05am On Jul 29 |
adenigga:helinues will say "toh" and mine is "GOOD" ![]() ![]() ![]() ![]() |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by Vergovert: 8:07am On Jul 29 |
lamentor78: It is a peaceful protests bro! Why are you shitting your pants already? What are you so scared of? |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by PARADIZEPRIEST: 8:10am On Jul 29 |
Who is writing that rubbish ![]() ![]() 1 Like |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by Anunakeeh: 8:12am On Jul 29 |
Savenigeria2023: Exactly. |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by Atk1nson(m): 8:14am On Jul 29 |
nairalanda1: you must be really daft to think the previous governments were paying over N1,000 a litre to subsidise every litre of petrol imported. Tinubu crass incompetence is what has move the landing price of petrol from less than 200 to over 1,000 in 1 year. |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by Nice2023(m): 8:17am On Jul 29 |
nairalanda1: Quote it and don't say about the same,are we not about the same population with Brazil's population? |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by ufotunang: 8:19am On Jul 29 |
stonemasonn:..abi...to clear out that Mele kyari he is the problem in the petroleum sector in Nigeria |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by ufotunang: 8:21am On Jul 29 |
Fuel scarcity along with hunger protest coming up this week...God help Nigeria |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by CorrectionFLuid: 8:32am On Jul 29 |
Throwback: Tinubu can not clean house there because he is in bed with Mele Kyari. - kiss the truth |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by betabread: 8:32am On Jul 29 |
I tot diziani madueke is the master mind of fuel scarcity........ Nigeria i hail thee, seems there is no worthy dog to hang this fuel issue on |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by Usefulsense: 8:35am On Jul 29 |
nairalanda1: |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by Afonja007: 8:42am On Jul 29 |
A country god bless with crude oil yet is very expensive even hard to buy 1 Like |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by Felaincarnated: 8:47am On Jul 29 |
It was @ dis point of SHEGE JESUS shouted IT IS FINISHED |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by Treadway: 9:02am On Jul 29 |
MrPOTUS:already said all this and more in my thread when the power drunk idiot assumed power last year and swiftly started wrecking everything. https://www.nairaland.com/8017949/how-nigeria-people-govt-got |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by Abee79(m): 9:04am On Jul 29 |
APC supporters buy their fuel at N200/litre. I envy them 😁 1 Like |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by Sheggy13(m): 9:09am On Jul 29 |
nairalanda1: I'm happy this is happening during Tinubu's time. It's karma at work for the role he played in frustrating subsidy removal by the Jonathan's regime, simply for political reasons, only to now turn around in 2023 to implement same subsidy removal, without any form of apology. It's just painful he isn't bearing the brunt directly, but innocent Nigerians instead. Things would have normalized a long time ago if Jonathan was allowed to remove subsidy in 2011/2012. It was the perfect time as the effect won't be as dire as it is now. This is because the exchange rate was reasonable then, like 150 Naira to the dollar, Nigeria had record oil production capacity as the oil bunkerers were cooperating with the government, no sort of inflation etc. 1 Like 1 Share |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by aviara: 9:29am On Jul 29 |
Nigeria my country We have leaders but no leadership We have crude oil but no refined products We have petrol stations with no petrol to give Subsidy is gone but subsidy is still being paid 2 Likes 1 Share |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by MrPOTUS: 9:31am On Jul 29 |
Treadway: Nigerians are too dull to know what's happening. American currently has an inflation of 2.97% and they're complaining. Nigeria has almost 40% galloping inflation and we're still docile ![]() If we know how bad that is, we'll be on d Street morning till night without leaving or call for a revolution. 1 Like 1 Share |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by franudi: 9:40am On Jul 29 |
Why can't this protest continue when things are getting worse everyday? 2 Likes |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by greypencils: 9:50am On Jul 29 |
nairalanda1:If Dangote refinery is allowed to run, there wont be need to import fuel. But Tinubu would not allow it as he prefers his own monopoly over oil rather than Dangote. 2 Likes |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by cescky(m): 10:13am On Jul 29 |
Abee79: can i make a revelation? most of the zombie apc supporters wont get this your sacarsm and think your writing in their favour lol 1 Like |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by nairalanda1(m): 10:19am On Jul 29 |
Nice2023: Look at it this way, if you bought something for 1300, would you sell it at 500 or even 65 naira? |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by nairalanda1(m): 10:21am On Jul 29 |
Atk1nson: Tinubu is incompetent, but the main reason why the landing cost has risen is due to rising costs of production Importing fuel drains forex which affects value of naira badly, and hence rise in price too Also not earning enough forex drains naira Corruption too plays a part But even if tinubu fixed the last 3 , he can do nada about cost of production..that's the perogative of others 1 Like |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by nairalanda1(m): 10:22am On Jul 29 |
BigYash: Thanks. Hope you and your husband make up tonight |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by caye(m): 10:27am On Jul 29 |
nairalanda1: You never fail to disappoint sir. You're always on point: like a well trained robot . Question: How do you know EXACTLY that the landing cost of ₦1300 by the NNPC & Marketers is the true price , considering the fact that the "gods " in the NNPC do not want any refinery to work in Nigeria? |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by nairalanda1(m): 10:28am On Jul 29 |
caye: How do you know it isn't the case? How would you like to be paid half money for a job you do so as to help the poor? Dude,things cost money. It's not that I like it |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by caye(m): 10:32am On Jul 29 |
nairalanda1: Nairalander1, ah! And you told this obiti-biti lie! Fear God small, na! What is the exchange rate of Ghana to ours? Hope you know Ghana has one of the better currencies in west Africa, while Nigeria is NOW 1 OF THE WORST PERFORMING CURRENCY IN WEST AFRICA! AH! Nairalander1! The 30k-100k can't buy you much foodstuff oh! 1 Like |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by nairalanda1(m): 10:40am On Jul 29 |
caye: 1. You do not have to be abusive 2.The N1300 that one liter of fuel costs...goes into refining costs, transport cost..(incl sea costs) and taxation, as well as a host of other things. Plus it is dependent on crude oil price rising A lot, if not most of that money, is paid to workers. Ordinary people like you and me Yet, you want all them to be shortchanged because you want fuel at N20 per liter Oga, b etter face cold reality. It's not what you always want. |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by nairalanda1(m): 10:41am On Jul 29 |
caye: I hope you have kissed your husband good morning , dear lad. |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by nairalanda1(m): 10:42am On Jul 29 |
caye: “As long as you keep secrets and suppress information, you are fundamentally at war with yourself…The critical issue is allowing yourself to know what you know. That takes an enormous amount of courage.” ― Bessel A. van der Kolk, The Body Keeps the Score: Brain, Mind, and Body in the Healing of Trauma |
Re: Fuel Rises To ₦1,300/Litre As Depots Run Dry by caye(m): 10:57am On Jul 29 |
nairalanda1: A cleaner in America makes at least $5/hr. If he works 8hrs, that's $40= ±₦40000/day. He may/may not have access to foodstamps. He's not looking right and left because of bandits and boko haram. Stop doing this thing. 1 Like 1 Share |
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