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Nairaland Forum / Nairaland / General / Politics / Proof That Fg Is Lying About Fuel Subsidy Removal (1035 Views)
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Proof That Fg Is Lying About Fuel Subsidy Removal by Donbrowser26(m): 12:38pm On May 12, 2016 |
IMPORTANT INFORMATION 1) One barrel of Crude oil = 42 gallons or 159 litres 2) Our Refineries (i.e 4) Installed (combined) capacity = 445,000 barrels per day 3) Actual refineries capacity due to ageing equipment = 30% i.e. 133,500 barrels per day. 4) 133,500 barrels = 21.2 million litres 5) Local required consumption (F.O.S) = 12millions litres 6) It means that even our MORIBOND refineries can actually meet our local consumption need of petroleum. 7) The cost structure of crude oil per barrel (i.e. Qua Iboe Crude Oil) production; - - Findings / development - $3.5 - Production cost - $1.5 - Refining Cost - $12.6 - Pipeline/transportation - $1.5 - Distr/bridging fund Margin -$15.69 True cost of one BARREL of petroleum anywhere in Nigeria: - Total sum cost/barrel = $34.8 - 1ltr cost = $34.8/159 litres = $0.219 - Naira equiv. 0.219xN160= N35.02k - Add Tax N5 + N35.02 = N40.02 9) Let FGN refute the above composition and if not, they should tell us how they came about N95/N85 litre. 10) Locally refined products cannot be sold at International price. 11) We really do not need FGN SUBSIDY as there was NONE in the first place. 12) What is LACKING, is the WILL to enforce LAW ON CORRUPTION. Lalasticlala |
Re: Proof That Fg Is Lying About Fuel Subsidy Removal by SenJoe(m): 12:43pm On May 12, 2016 |
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Re: Proof That Fg Is Lying About Fuel Subsidy Removal by TippyTop(m): 12:46pm On May 12, 2016 |
I totally agree with the @OP Check out what Minister of Darkness said when he was Governor. www.nairaland.com/attachments/3706086_fasholaonsubsidy_jpegc7b3d6e2d330c85138f878251cbed2d7 2 Likes |
Re: Proof That Fg Is Lying About Fuel Subsidy Removal by innobarca(m): 12:46pm On May 12, 2016 |
i dont get it |
Re: Proof That Fg Is Lying About Fuel Subsidy Removal by otokx(m): 12:49pm On May 12, 2016 |
Your refineries are not working, recalculate based on importing. |
Re: Proof That Fg Is Lying About Fuel Subsidy Removal by Donbrowser26(m): 12:49pm On May 12, 2016 |
innobarca:It costs fg 40 naira to produce a litre of petrol. They sell to us at 86.5. What's the subsidy? Now they want to sell at N145 claiming they've removed subsidy |
Re: Proof That Fg Is Lying About Fuel Subsidy Removal by showblack(m): 12:56pm On May 12, 2016 |
If you ask me na who I go ask |
Re: Proof That Fg Is Lying About Fuel Subsidy Removal by diegwu01: 1:04pm On May 12, 2016 |
Donbrowser26: The market is now open for you, Go and source forex, buy from anywhere in the world, bring it back to Nigeria for us at a landing cost of N40 and sell at 86.50, i promise to patronize you 1 Like |
Re: Proof That Fg Is Lying About Fuel Subsidy Removal by Donbrowser26(m): 1:12pm On May 12, 2016 |
diegwu01:Clap for yourself. |
Re: Proof That Fg Is Lying About Fuel Subsidy Removal by oshe11: 1:21pm On May 12, 2016 |
diegwu01:U wud fit d lead ZOMBIE in dis new RESINDENT EVIL MOVIE |
Re: Proof That Fg Is Lying About Fuel Subsidy Removal by mycar: 1:39pm On May 12, 2016 |
What is remaining, increase in the price of electricity and no light, increase in the pump price of fuel and no fuel, they said that our refineries are working and I ask how? Dollar price has gone up and refused to fall, why? Fulani killing and kidnapping with total disregard and you still believe in this government? |
Re: Proof That Fg Is Lying About Fuel Subsidy Removal by diegwu01: 1:59pm On May 12, 2016 |
oshe11:As usual, a dumb response from an empty wailer. |
Re: Proof That Fg Is Lying About Fuel Subsidy Removal by oshe11: 2:06pm On May 12, 2016 |
diegwu01:I'm neida a wailer nor a Zombie, bt U r oblivious a Gigantic odoriferous Zombie The worst part is dat we both knw u av gained ntin 4rm dis govt oda dan fooling ursef online n posing as an APC fanatic, mayb wit d aim of tagging along wen next dere is left ova rice in ASO ROCK dat dia dogs kudnt FINISH |
Re: Proof That Fg Is Lying About Fuel Subsidy Removal by diegwu01: 2:08pm On May 12, 2016 |
oshe11:oh sorry, forgot you were an IPOBian.. seeking for Biafra. |
Re: Proof That Fg Is Lying About Fuel Subsidy Removal by oshe11: 2:14pm On May 12, 2016 |
diegwu01:d klosest relationshp I av wit Ibos is friendshp, same as Yoruba n d likes....... Dnt mention me again if its to guess dat I'm probabli a NDA |
Re: Proof That Fg Is Lying About Fuel Subsidy Removal by DaBullIT(m): 4:52pm On May 12, 2016 |
Calculations would have worked if your brothers weren't Sabotaging pipelines all over the place |
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