The Petroleum Products Pricing Regulatory Agency (PPPRA) says that taxation of petroleum products like fuel, diesel, kerosene and gas holds a huge revenue potential for Nigeria. This is contained in a report PPRA made available to the Ministry of Finance and obtained by newsmen at the conclusion of the two-day National Revenue Retreat in Kano. According to the Report, PPPRA says the introduction of taxes on petroleum products will supplement the revenue lost due to the fall of oil prices at the international market. It said the revenue potential from taxation of petroleum products was enormous, given the average national daily consumption of the products. The report from PPPRA showed that the average national daily consumption of fuel was 45 million barrel, diesel nine million barrel and aviation fuel, 1.5 million barrel. The report revealed that there were three different taxes that could be charged which the PPRA’s pricing template did not currently accommodate. These are Highway Maintenance, Government Tax, Import Tax and Fuel Tax. “Fall in government’s revenue from oil sale receipts and budget deficits in the face of compelling demand has made it imperative that the nation begins to examine the next step in the petroleum downstream business in Nigeria. “Deregulation remains the key to achieving a self-sustaining downstream sector as well as the stimulation of the economic growth and social wellbeing of the populace. “Environmental tax, consumption tax, fuel tax, VAT, Import and Excise tax, when included in the final pricing of petroleum products provides opportunities for petroleum products to provide direct funds for other sectors,” it said. Also, PPPRA made available to the government, the option of privatisation of refineries as another way for revenue generation. It also suggested that the Downstream Logistics Facilities should also be privatised.

Read more at: http://www.vanguardngr.com/2016/07/fg-may-introduce-tax-petrol-diesel-kerosene-gas-ppra/

the actions of this government brings the case of one "Rehoboam" to mind.

"Yes, my father laid heavy burdens on you, but I'm going to make them even heavier! My father beat you with whips, but I will beat you with scorpions"

going at this rate we may soon get this reaction from Nigerians:

"
So when all Israel saw that the king hearkened not unto them, the people answered the king, saying, What portion have we in David? neither have we inheritance in the son of Jesse: to your tents, O Israel: now see to your own house, David. So Israel departed unto their tents."

.

Chanji

Have Nigerians not suffered enough? Wahala dey o.

Thunder fire Buhari and his chanji crew

chanji

Are you fvcking kidding me? So I have to pay tax for fueling my car and powering my power plant?

This is d Most confused adminstration SNC 1999

Sai chain,una never chee shum chin,apc is out to do worst than pdp. Nigeria got more than they bargained for

We are already in it.

Whatever APC brings, we will survive it.

This government is our cross.

If buhari had not won, I'm sure there are people who would have included him in a list of best presidents we never had. Thank God he won to forever take his rightful place.

My case with Buhari anytime I set my eyes on him. (Pictured). they only concerned about revenue generation without giving a Bleep about the plight of the masses. How can you think of taxing the citizens at this stage of mass poverty? The revenue which even a blind and the deaf know that it will never be used for anything productive. Nigeria is broke, nigeria is broke. I hope Buhari is not trying to break Abacha's Record as the highest looted president of the federation. It seems he wants to do the looting alone.

The change APC promised in disguise was a changed to bring agony and pain down to our doormouth

You don't want it taxed?? tell your brothers to stop blowing up piipes

DaBullIT:
You don't want it taxed?? tell your brothers to stop blowing up piipes

when will u start using ur brain. Think my dear ur brain is not for decoration. Mcheew

iokpebholo:
when will u start using ur brain. Think my dear ur brain is not for decoration. Mcheew

You sha like trouble

DaBullIT:


You sha like trouble

no vex my broda, d way e dey do me now ehnnnn, imagine I bought 4k fuel today e no reach me go anywhere yet some body dey tell me say he want come tax me on top. Check am na

DaBullIT:
You don't want it taxed?? tell your brothers to stop blowing up piipes

Why not tell fulanis herdsmen to stop atrocities. Every northern person, Una eye just dey shine for crude oil matter. Today keke man paid road use tax and also extra ticket for state tax. Mind you it was those who sang praises for change. The guy just dey squeeze

Welcomed development if well implemented....Runs for dear life....

If they don't make much revenue from that. We should expect more ooo. Like increasing roadworthiness, even paying for water we drink is loading.

Because herdsmen are blowing up pipelines ??

Use Sixth sense

sanandreas:

Why not tell fulanis herdsmen to stop atrocities. Every northern person, Una eye just dey shine for crude oil matter. Today keke man paid road use tax and also extra ticket for state tax. Mind you it was those who sang praises for change. The guy just dey squeeze

I no vex , i just happy say you no wan fight

Everything go be fine , things go better

iokpebholo:
no vex my broda, d way e dey do me now ehnnnn, imagine I bought 4k fuel today e no reach me go anywhere yet some body dey tell me say he want come tax me on top. Check am na

Nigerians are on a very lonnnnnggg thing.
But if someone catches that dullerd this will be his fate

DaBullIT:
Because herdsmen are blowing up pipelines ??

Use Sixth sense

Because herdsmen are killing innocent people and sharing blood

After buying petrol for N145 a litre you still wan tax us even on kerosene l heard is almost N250?

Buhari and APC make una kukuma kill us na.

Then una fit import new citizens from Libya, Mali or chad..

Shebi una be gods ..

newbornmacho:
If buhari had not won, I'm sure there are people who would have included him in a list of best presidents we never had. Thank God he won to forever take his rightful place.

pls read nah is Buhari PPPRA

There's nothing like sharing blood , its shedding blood and what would you expect when your monarchs and priests are killing their cows ?


Herdsmen don't attack people , this all started when some of your people killed a whole family member of herdmens for trampling their farms I know you will deny that , but i know for sure Herdmens are on vengeance mission and since your people have not stopped killing their cows and them in retaliation, the killings won't end anytime soon

sanandreas:


Because herdsmen are killing innocent people and sharing blood

What we have in Nigeria now is the opposite of a man with the Midas Touch.

This govt is hellbent on burdening Nigerians to the point of death . God forbid.

May we 'be rid of evil men' prowling the land in the name of leadership.

If them no kill us with tax them no go rest