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Nairaland Forum / Nairaland / General / Politics / Petrol Price Hike Sends Marketers Out Of Business (1627 Views)
FG May Increase Petrol Price To N180 Per Litre / Petrol Price Hike Imminent As Marketers Propose N165 Per Litre - Leadership / Nigerians React To The Possible Increase In The Petrol Price Of 145/litre To 152 (2) (3) (4)
Petrol Price Hike Sends Marketers Out Of Business by papayeye: 7:40pm On Jul 03, 2016 |
The number of operators inwww.energymixreport.com/petrol-price-increase-sends-marketers-business/ |
Re: Petrol Price Hike Sends Marketers Out Of Business by Barackmeringo: 7:44pm On Jul 03, 2016 |
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Re: Petrol Price Hike Sends Marketers Out Of Business by shukuokukobambi: 7:46pm On Jul 03, 2016 |
![]() Let the pretenders gerrout and allow serious operators handle their business. The era of dashing license to girlfriends, cronies etc to qualify for subsidy is gone. Imagine the previous era of filling stations everywhere yet none having products to sell to Nigerians because they've smuggled everything to Cotonou, Cameroon and Chad right after collecting huge subsidies. Every Tom, D!ck and harry dey form oil & gas executive ![]() Abeg they should go and die jare. 15 Likes |
Re: Petrol Price Hike Sends Marketers Out Of Business by SeverusSnape(m): 7:46pm On Jul 03, 2016 |
Change - sending business men out of business since 29 May 2015. 1 Like |
Re: Petrol Price Hike Sends Marketers Out Of Business by modath(f): 7:48pm On Jul 03, 2016 |
This is both funny and sad at the same time.. ![]() Sad that some people's income stream has been cut off. Funny cos it shows they had no business being in that business (pun intended) 7 Likes |
Re: Petrol Price Hike Sends Marketers Out Of Business by shukuokukobambi: 7:53pm On Jul 03, 2016 |
modath: Abeg don't pity them jare. Its time for their own comeuppance. When they were buying for N87 and selling at N350/ltr, did they call us to share in their testimony? I see them on my street begging us to come buy but most of us prefer to go to those like BOVAS who stood by the masses during the days of the locusts and refused to sell above N87 despite all odds. Who dem epp? 8 Likes |
Re: Petrol Price Hike Sends Marketers Out Of Business by Nobody: 7:55pm On Jul 03, 2016 |
shukuokukobambi: If going out of business is going to help Nigeria grow, then, good riddance. 6 Likes |
Re: Petrol Price Hike Sends Marketers Out Of Business by Flexherbal(m): 7:56pm On Jul 03, 2016 |
Hope it will not cause fuel scarcity? |
Re: Petrol Price Hike Sends Marketers Out Of Business by shukuokukobambi: 7:57pm On Jul 03, 2016 |
ibotjaycob: One depot chief at calabar when explaining why filling stations were selling for N139/ltr opened their nyansh na. The guy said since subsidy ended, they no longer have tankers loading to Cameron. Can you imagine? We've been so used to evil, shady and corrupt practices that its become normal. 8 Likes |
Re: Petrol Price Hike Sends Marketers Out Of Business by modath(f): 8:03pm On Jul 03, 2016 |
shukuokukobambi: Oti oo, pity ke? Ko jo..I wasn't pitying them like that ojare, most of them are destructive saboteurs!! I just felt some type of way for their employees & dependants, dazall... That Bovas is heaven sent, I see the name everywhere..it's Ibadan abi? 3 Likes |
Re: Petrol Price Hike Sends Marketers Out Of Business by amaechi1: 8:10pm On Jul 03, 2016 |
The binding force (subsidy) that attracted them into the business have been removed and the centre cannot hold. It simple, any serious minded business will reduce his price to attract customer. Hence, promoting wealth competition. 3 Likes |
Re: Petrol Price Hike Sends Marketers Out Of Business by amaechi1: 8:17pm On Jul 03, 2016 |
SeverusSnape: Most of them came into the business because of subsidy. Now the bite is gone and fisher man cannot catch fish anymore. 9 Likes |
Re: Petrol Price Hike Sends Marketers Out Of Business by shukuokukobambi: 8:21pm On Jul 03, 2016 |
modath: I understand u. even, cocaine cartels have employees and dependents ![]() Yes Bovas is truly heaven sent and they're in Ibadan 3 Likes |
Re: Petrol Price Hike Sends Marketers Out Of Business by Nobody: 9:07pm On Jul 03, 2016 |
shukuokukobambi:the issue is there is no clear profit margin, imagine buying @ 139-140 @ depot after loading and landing cost, the cost price becomes 142-143.....the marketer is now left to with 2naira as profit which can't even take care of running cost.....that's d reason for moving out of business......I fink d depot price should b worked on cos this may only lead to a preposterous end |
Re: Petrol Price Hike Sends Marketers Out Of Business by Nobody: 9:08pm On Jul 03, 2016 |
shukuokukobambi:the issue is there is no clear profit margin, imagine buying @ 139-140 @ depot after loading and landing cost, the cost price becomes 142-143.....the marketer is now left with 2naira as profit which can't even take care of running cost.....that's d reason for moving out of business......I fink d depot price should b worked on cos this may only lead to a preposterous end |
Re: Petrol Price Hike Sends Marketers Out Of Business by modath(f): 9:16pm On Jul 03, 2016 |
lustychima: You do know this is incorrect? If you want to counter however, kindly provide evidence... *Subsidy made it an all comers, without that incentive, the pretenders are returning home* 3 Likes |
Re: Petrol Price Hike Sends Marketers Out Of Business by deking(m): 9:55pm On Jul 03, 2016 |
Clearly the fraud of the subsidy regime is being exposed. Things can only get better if we as a people constructively engage and push the government to do the right things. 3 Likes |
Re: Petrol Price Hike Sends Marketers Out Of Business by 989900: 9:58pm On Jul 03, 2016 |
#Subsidytinz ![]() |
Re: Petrol Price Hike Sends Marketers Out Of Business by Nobody: 11:52am On Jul 04, 2016 |
modath:am not talking coz I wanna say something.......but am speaking from a point of knowledge.......if must tell u am a marketer, my station has been locked up for wks now.....if u think am bluffing check my topics, where I created a thread abt wat we pass tru |
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