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Nairaland Forum / Nairaland / General / Politics / Why FG Is Reluctant To Reduce Petrol Price (19394 Views)
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Re: Why FG Is Reluctant To Reduce Petrol Price by Nobody: 12:32am On Dec 15, 2014 |
No probs...we wuld manage til 2015 n vote out jona 1 Like |
Re: Why FG Is Reluctant To Reduce Petrol Price by Nobody: 12:33am On Dec 15, 2014 |
Welcome to the inept government of Jonathan! What goes up remains up,it can never come down. The last thing Jonathan would do is to reduce price of petrol because his government is anti-people. Operation kick the clueless one out in 2015!! 5 Likes |
Re: Why FG Is Reluctant To Reduce Petrol Price by Nobody: 12:37am On Dec 15, 2014 |
chronique:u took the words right out of my mouth. I wish the next government would fix this refinery menace as its foremost priority. 2 Likes |
Re: Why FG Is Reluctant To Reduce Petrol Price by yehmi01(m): 12:41am On Dec 15, 2014 |
belamour: The rate at which you people praise this buhari man self, he will just fix all the problem that have been dir for YEARS just over night. I keep telling people the major problem of the country is not so much about the people in ASO rock. Nigerian are the number one problem of the country. We are very myopic in our view of things. We get people to promise heaven and earth without really counting the cost. This was the same emotional strategy GEJ played back then saying 'I was not born Rich' Now Nigerians are the one paying for the poverty and his lack of ability to deliver. Let's face it. IS BUHARI REALLY BETTER Than GEJ. If you say yes I will say you are a big liar. And because of the Nigerian people and centiments APC will never put sensible people like fashola and Adams as president. But instead we are given two clueless people in PDP and APC to vote for the one whom we think is a little more clueless than the other since both are cluless any ways and have a citizens who will not ask the right questions and analyze the matter from all sizes. February will come naa. We we see how many things the so called buhari will do. A dump person in PDP does not make Him smart in APC vise versal. Period. 6 Likes 1 Share |
Re: Why FG Is Reluctant To Reduce Petrol Price by LRNZH(m): 12:49am On Dec 15, 2014 |
yehmi01: What makes you think Buhari is Warri and Kaduna Refineries were built when Buhari was the Federal Commissioner (now Minister) of Petroleum. Point us to one major achievement of GEJ in Bayelsa or Nigeria. Please do not lump Buhari with your clueless PDP rogues. 8 Likes |
Re: Why FG Is Reluctant To Reduce Petrol Price by AmeLonRo(m): 1:07am On Dec 15, 2014 |
koolg: Reducing the pump price at this time will increase his chances of re election. Hope he sees it that way and act fast. |
Re: Why FG Is Reluctant To Reduce Petrol Price by oweman: 1:18am On Dec 15, 2014 |
jaybiz007: Truth is that if jonathan venture reduce the price of petrol both himself and the pdp family members chance to steal enough money to foot the 2015 election will be greatly reduced as the stolen $20 billion has since reduce after everyone has some cut including giving some huge chunt to Tompolo to acquire more weapons to arm thugs / militants for forthcoming election . 4 Likes |
Re: Why FG Is Reluctant To Reduce Petrol Price by okoolori(m): 1:58am On Dec 15, 2014 |
belamour: By the Grace of God. It will come to pass without any shengbele from Rhe Jonathanians Actors Asari I no say Dokunbo 2 Likes |
Re: Why FG Is Reluctant To Reduce Petrol Price by okoolori(m): 2:05am On Dec 15, 2014 |
AmeLonRo: Bros our eyes Don open. We been dey sleep before wanting Fresh Air coz Nepa dey show us. But now we don sooji now. Some boys we no get shoes from Otuoke Don park all the subsidy money go dey buy weapons and private jets and ammunitions. Bros na Change be the most constant thing that could happen to a man race. Bro vote Change abeg 3 Likes |
Re: Why FG Is Reluctant To Reduce Petrol Price by MAYOWAAK: 2:27am On Dec 15, 2014 |
There are three aspects of the “subsidy fraud”. One,a fuel importer could bring in 2000 metric tonnes and claim subsidy for 8,000 metric tonnes. “The mark-up will be shared down the line,” “Even if you are a pastor, you will fall for it. The money is just too much. Imagine the billions of naira available to be shared on a regular basis. So the regulatory system is compromised and weakened.” Two, NNPC always imports more than it has storage facility for. “So the product is stored at private tank farms. If NNPC stores 30 million litres with your farm, you don’t have to account for 10 million litres. There is a process by which you can account for only 5 million litres as long as you know how to share the proceeds of the remaining 5 million litres with those who matter.” There are many things that are unheard of all over the world that you will find in Nigeria. What works perfectly in Saudi Arabia and Norway will not work here. Ask yourself: how come our refineries have not been working for ages? Name another country that has four refineries that hardly work. Do you know how many emergency billionaires we have produced through turn-around maintenance contracts in the last 20 years?” The third aspect of the fraud: “When they tell you the landing cost of petrol is N150 and the pump price is N97, it means the importer will get subsidy payment of about N57 per litre. Now, that is another fraud. There are different grades of PMS (petrol). They do not go for the same price. In the UK, for instance, the price of leaded petrol is different from that of unleaded. In Nigeria, we don’t distinguish between grades. We pay the same price. So the landing cost of the lowest grade may be N100, but the importer still gets a subsidy payment of about N57 instead of N3 per litre. Do the math. Multiply that by millions of litres everyday and you will understand the fraud. Remember too that the importers get paid for demurrage even if they don’t incur it. I can go on and on.” To cap it all,I can tell you authoritatively that our daily PMS consumption is not as high as officially quoted. It is the biggest fraud ever. We keep calculating subsidy on the assumption that we consume 40 million litres a day. Remember to always discount the official figures. It is good for your health.” 18 Likes 2 Shares |
Re: Why FG Is Reluctant To Reduce Petrol Price by Ifeyz: 2:52am On Dec 15, 2014 |
chronique:The reason y dos refineries dont work is dsame reason y nigerian engineers n technicians cnt continually generate n transmit electricity effectively without any glitch. Maintenance n sustenabilty culture... 2 Likes |
Re: Why FG Is Reluctant To Reduce Petrol Price by bigtt76(f): 3:38am On Dec 15, 2014 |
Exchange rate now becomes a factor in deciding fuel pump price.... wonder why same is not used in determining the need to increase workers salary. I bet you the renumeration for the NIS people would soon be reviewed upwards in line with exchange rate ![]() 2 Likes |
Re: Why FG Is Reluctant To Reduce Petrol Price by vanunu: 3:50am On Dec 15, 2014 |
Eeser: U don't know anything about economics. |
Re: Why FG Is Reluctant To Reduce Petrol Price by vanunu: 3:55am On Dec 15, 2014 |
enkay4love: It is not possible for any govt to fix it. Infact govt has no business fixing refinery. |
Re: Why FG Is Reluctant To Reduce Petrol Price by vanunu: 4:03am On Dec 15, 2014 |
[quote author=LRNZH post=28888943] What makes you think Buhari is Warri and Kaduna Refineries were built when Buhari was the Federal Commissioner (now Minister) of Petroleum. Point us to one major achievement of GEJ in Bayelsa or Nigeria. You are so dumb, tell me any govt in this world that refine its fuel . Please don't mention petrobras. |
Re: Why FG Is Reluctant To Reduce Petrol Price by erico2k2(m): 4:05am On Dec 15, 2014 |
nijanigga:No they wont market forces would dictate what happens but trust greedy Nigerians, they wont pass the windfall back to the consumers, they will just leave it as it is.In the Uk petrol prices has dropped to a 5 year low, its average of £1.17 as against £1.35 3 months ago and its further reducing.I must say this is the fault of marketers not the FG. |
Re: Why FG Is Reluctant To Reduce Petrol Price by anonimi: 4:05am On Dec 15, 2014 |
jaybiz007: What was the price of Sim cards, call rates, sms rates, mobile handsets in 2001? How much are they now ![]() Why do we like to RIDICULE ourselves so much? Meanwhile I hope you are not one of those who call our president clueless given what you just exhibited here ![]() 3 Likes 2 Shares |
Re: Why FG Is Reluctant To Reduce Petrol Price by erico2k2(m): 4:06am On Dec 15, 2014 |
anonimi:exactly my thoughts, no one sees the good only the bad 1 Like |
Re: Why FG Is Reluctant To Reduce Petrol Price by anonimi: 4:15am On Dec 15, 2014 |
erico2k2: What is the minimum wage for a LGA street cleaner COMPARED to that of an MP/lawmaker in the UK ![]() What are these amounts in Nigeria? Perhaps you know why we, Nigerians and the NLC Are ALL of us so clueless ![]() |
Re: Why FG Is Reluctant To Reduce Petrol Price by redcliff: 4:23am On Dec 15, 2014 |
AmeLonRo: You cannot from nowhere reduce the pump price just like that. Circumstances and interests wont let that happen.. so ut basically impossible for now.. 1 Like |
Re: Why FG Is Reluctant To Reduce Petrol Price by maafen: 4:46am On Dec 15, 2014 |
yehmi01: Do you know how much Nigeria looses to corruption? Don't you think this oil price hanging has corrupt undertones? Yes I want Buhari even if the only thing he does from 2015-2019 is root out corruption in Nigeria. It will be a job well done. Jonathan's government has been the most corrupt government Nigeria has ever withnessed. So Buhari from 2015 please. 3 Likes |
Re: Why FG Is Reluctant To Reduce Petrol Price by anonimi: 4:59am On Dec 15, 2014 |
chronique: This is NOT so much about any cabal. No, it is NOT! It is about our clueless rejection of the subsidy removal & DEREGULATION of the petroleum sector. We would have suffered higher prices initially as with mobile phones & cement but with- - new investors - increased supply - increased COMPETITION price will start REDUCING after a while. A clueless fool who does not sacrifice today will be a SLAVE to his neighbour who did, tomorrow. No short-cut in life really except the one that will cut you short ![]() QED!!! 3 Likes 2 Shares |
Re: Why FG Is Reluctant To Reduce Petrol Price by Tomson992000: 5:06am On Dec 15, 2014 |
koolg:I go with you my broda. |
Re: Why FG Is Reluctant To Reduce Petrol Price by Truckpusher(m): 5:08am On Dec 15, 2014 |
anonimi:They will never understand the message. We are waiting for the abracadabra economy and policies of their illiterate mallam. 2 Likes |
Re: Why FG Is Reluctant To Reduce Petrol Price by StCapital: 5:11am On Dec 15, 2014 |
Please Nigerians, you should not allow Fashola to deceive you, this is election period ,he just wants to castigate our president to score cheap points for Apc, Apc should allow our president to do his job,if it is the right thing to bring the petroleum pump price down,our president,his advisers and the oil stakeholders will be the first to know,why Fashola made that statement in the school is because he wants the students to protest,don't be surprised to hear before the end of the month that students are protesting for Government to bring the fuel pump price down because of the down fall in oil price Globally,Nigerians should be aware that Apc has nothing new to offer,rather they will make things more difficult for Nigerians because they are only interested to come and loot our treasury, just check their profiles, Majority of them have served in this present Government or in the last 33 years as Military or Civilian from Federal,States,Local Governments and some were head of Departments,Ministries Etc what did they do and when you check their records you will find out that they are part and parcel of these problems Nigerians are facing today because it was during their active days all these corruption ravaging our country today started.why is it that everybody is against Jonathan ,I just red this morning that part of PENGASAN or whatever they call themselves are going on warning strike,why is it now they want to go on strike ,this festive period,since the matter has been on why did they decide to take action now which is Xmas and Election period and before you know it another Union will threaten Jonathan with Strike Action because they want to score him low because of the up coming Election. I believe Apc is controlling all these Unions:NLC, TUC etc.I conclude,the present Devil you know is better than the Angel you once really don't know. 2 Likes |
Re: Why FG Is Reluctant To Reduce Petrol Price by Truckpusher(m): 5:14am On Dec 15, 2014 |
koolg:I'm sure you were one of those people that protested against subsidy removal. Una life bend no be small. 1 Like |
Re: Why FG Is Reluctant To Reduce Petrol Price by vanunu: 5:19am On Dec 15, 2014 |
My brother, we have a lot of foolish people in this country, when gej asked for total deregulation, nigerians ignorantly called him clueless. 2 Likes 1 Share |
Re: Why FG Is Reluctant To Reduce Petrol Price by dallyemmy: 5:24am On Dec 15, 2014 |
Are you saying the money you have spent on subsidy so far is enough to build ten new refineries? Adesiji77: 1 Like |
Re: Why FG Is Reluctant To Reduce Petrol Price by Dailyfavour(m): 5:26am On Dec 15, 2014 |
Even though the price can be cut without effect Nigeria will not do because of the leaders pocket. No problem time will tell!!! |
Re: Why FG Is Reluctant To Reduce Petrol Price by MARKone(m): 5:35am On Dec 15, 2014 |
MAYOWAAK: That is my major gross with this Jonathan led administration, it is pathetic, very pathetic! There is no way he would tell us that his government is not aware of this monumental fraud, corruption, going on in the oil sector, yet he choose to turn a blind eye to it. He is too weak and lily livered, he ought to have set a serious example with those who are constantly raping this country through this oil subsidy, and the Rot in the petroleum sector, but he won't because these are the same people bankrolling and TANing his re-election bid. 1 Like |
Re: Why FG Is Reluctant To Reduce Petrol Price by dallyemmy: 5:35am On Dec 15, 2014 |
chronique:Thank you! I wonder if it is rocket science! If we want it to work it would work! Wasteful people! |
Re: Why FG Is Reluctant To Reduce Petrol Price by holatin(m): 5:40am On Dec 15, 2014 |
Country not half as better than nigeria with no oil are are enjoying smh to fg and pgej |
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