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Nairaland Forum / Nairaland / General / Politics / Fuel At N145/litre No Longer Sustainable – NNPC (53466 Views)
Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers / We Can No Longer Import, Sell Fuel At N145/litre — Marketers / Petrol: N145 Per Litre Not Sustainable – NNPC (2) (3) (4)
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Re: Fuel At N145/litre No Longer Sustainable – NNPC by onatisi(m): 7:40am On Sep 05, 2016 |
nwamehn:Bros ,even this year has almost ended and yet this government has done absolutely nothing since it came into power last year,they are still blaming pdp by the end of October they will start talking about 2017 budget preparations ,budget implementation is below 40%, the truth is they have lost control of the whole system. 4 Likes
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Re: Fuel At N145/litre No Longer Sustainable – NNPC by planetx: 7:43am On Sep 05, 2016 |
Barcholder:I am always amazed when people use the fallen value of the Naira to explain how migrating to western countries as a better option to living in Nigeria. Like all the money you earn will be converted to Naira and you will be living on the street and breathing in oxygen as food. |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by cooltola(m): 7:46am On Sep 05, 2016 |
We have no choice but to wait for Dangote. The questions to ask is how can we stop depending on oil as a main source of income so that this recession do not happen again and look for alternate ways of make money as a nation. Till then things will only get worse until oil per barrell reach $50 and hopefully stay upward. |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by Polyglot7pointO: 7:53am On Sep 05, 2016 |
my bro uvie..u av spoken well..but is not always about the cush u know...if u cut ur coat according to ur size if u know wat i mean u will live ok but not well within ur means..secondly there are factors ,i mean too many factors mitigating against living well in nigeria..food is cheap abraod and u av alot of options to buy ..ask me about any con3 in europe and i will answer correctly..lets not even talk abt the king of dem all USA..no light,road,u av the fuel but u cant afford how much is a litre of fuel in europe?if u pay for all dis things and u get dem u will be able to think straight..nigerians are behaving like sociopaths becuz they harbor anger inside,dont fault them they know what is good,labor hard to get it but the govt keeping pushing it further away from them..let me not talk too much now but i will answer ur questions if u address them nicely without insults..living abroad is tough especially if u want to av class or meet up with high ends peers..but on the other hand even if u earn 300k a month in nja u will still look unkept/stressed cuz of the things lacking in the society..dont deceive ursef u can never compare living abroad with living in nja..sometimes i miss nja but wen i come i get tired already after 3weeks..i feel av overstayed my welcome..ur govt officials travel abroad see good things ,know good things but cant replicate it..all snakes crawl but u dont know which has stomach upset..let whoever has the means to travel travel..but never travel without a motive and a just mindset my advice. Barcholder: 1 Like 1 Share |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by onatisi(m): 7:56am On Sep 05, 2016 |
#000000 |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by cescky(m): 7:56am On Sep 05, 2016 |
Barcholder: Sorry to bust ur bubble mr uvie ... U are totally wrong. Fuel isn't just used for lights, fuel is used for everything if u touch fuel price it's has a serious multiplier effect cost of fuel will affect cost of food, cost of t fare, cost of house, cost of light , in this Nigerian economy fuel is the principal thing... Sorry but ur point is no point at all,na person whey done chop go think of solar light.....I Thot u wer living in U.K. ?....and with these ur analysis and the way things are are I sure the person who said migrating to uk is better isn't right? I wonder why such sensitive news hit front page so late in the night...where views hip will be less? 1 Like 1 Share |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by onatisi(m): 7:58am On Sep 05, 2016 |
cooltola:We have a choice and even I will say choices ,but the problem is we have a leader who is a one way traffic and doesn't believe in alternative choices on issues. So if dangote decides to postpone his refinery till 2024 Nigerians will have to keep on suffering ![]() 4 Likes |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by Barcholder: 7:58am On Sep 05, 2016 |
planetx: It's crazy how misinformed people are, like you said, they must think that everything is free in the Western world, and all their earnings can be converted and sent back to Nigeria. If I was to tell people the cost of living in the UK, they will collapse. I was home just last week, and I can tell you first hand that a tiny 2 bedroom house in the outskirts of the city now rents for £1,600 per month. That's £19,200 per year, or N10.2m a year. The equivalent house in a comparable area like Yaba would rent for nothing more than N800,000 per year. Then take Fuel, that everyone is complaining about right now. A litre of petrol is now £1.09, which is the equivalent of N583 per Litre. Take electricity bill, the current rate is £0.16 per kWh. That's the equivalent of N85.60 per kWh, and we are here crying about N23 per kWh. People here simply have no clue how hard things are over there. Regards Uvie |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by Akpan107(m): 8:01am On Sep 05, 2016 |
ConqueredWest:God bless you. 1 Like |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by Nobody: 8:05am On Sep 05, 2016 |
cooltola:Just look at ![]() ![]() 2 Likes |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by wakamotion: 8:07am On Sep 05, 2016 |
ALMUSTAQIM: |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by gemale(m): 8:10am On Sep 05, 2016 |
Make dem continue o. My own b say d day wey pms reach N200, I dey available on contract 2 take care of dem bubu, lailai & all dem useless pple. @ least if I kpai, I go turn national hero. 1 Like |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by cescky(m): 8:12am On Sep 05, 2016 |
Barcholder: Oga I've heard stories about uk and many of us have friends and family there ....but this hawking "things are hard things are hard " only shows u have a wrong perspective and perception . For success in this life is a mindset success is internal not external. So that means take a man with a success mindset to a village and he will still prosper , my issue with ur things are hard cry is that at least in the western world things work...if your taxed hugely you will see the benefit of this tax , ull leave amongst people who act humane etc unlike Nigeria here ....my point is things work in the west and factors militating against ur success can't be compared with the factors in Nigeria , so stop this your cry. Any one whose stayed worked and husstled in Lagos but with SUcess mindset I believe will find life a lot easier in Uk( am saying uk because I know it's one of the toughest in the west) |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by Dainfamous: 8:13am On Sep 05, 2016 |
outknow:hahahaha the animals in the zoo is facing austerity biting by the time buhari finish with them his supporters will look like toothpick hunger everywhere for afonjazing 1 Like |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by Nobody: 8:18am On Sep 05, 2016 |
Barcholder:Can you install solar panels on top my motor so I won't need fuel ![]() ![]() 4 Likes |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by kakacoke01: 8:19am On Sep 05, 2016 |
bayelsa1son:no b una fault na dat bastard called tinubu |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by Barcholder: 8:20am On Sep 05, 2016 |
cescky: Firstly, show me where I said that fuel is ONLY used for power, please quote it back to me. In true Nigerian fashion, you think you are educating me, when in fact, I'm the one who should be educating you. Here's some facts for you: 1. Approximately 65% of all fuel sales in Nigeria are for powering generators. Only 35% is related to other things, such as motoring. 2. The single biggest consumer of disposable in Nigeria is petrol for generator generation. The average household spends in Nigeria spends N36,000 a month on fuel for their generators, this is more than they spend of food. 3. The very high fuel prices are caused by the weak and ever weakening value of the Naira. The actual dollar price of a litre of fuel is actually far lower today than it was 2 years ago. 4. The single biggest factor in weakening the Naira is the lack of local refining capacity, and therefore, huge dollar demand for fuel importation by the fuel marketers. It's estimated that as much as 70% of all dollar demand in Nigeria is to import fuel. 5. By powering homes with solar, you achieve 3 MAJOR things. First, you dramatically reduce the costs of power to the average Nigerian home, by approximately 60%. That's additional disposable income for the family to spend on other things, and not continually give to the fuel stations. Second, by giving every home 24 hours power, you significantly increase their level of economic productivity, because they are now able to earn significant extra money from home, e.g. online. For example, most UK families make extra money to survive by trading online, on platforms such as Ebay. They can do this because they have 24 hours light. Nigerians can't because they don't. Furthermore, those extra earnings will be denominated in hard currencies, benefiting not only the families, but the entire Nigerian economy. Third, by eliminating the demand for fuel to power generators, you crash the market for fuel by 65%. This dramatically decreases the amount of fuel imported into Nigeria, which has 2 major effects. (1) it takes away the huge pressure on the Naira currently being experienced daily (70% of all USD demand is for fuel importation). This is turn significantly strengthens the value of the Naira compared to the Dollar. Indeed, it's been estimated by world bank economists that this would strenthen the Naira down to the range of N130 - N150 to the Dollar. (2) It means that suddenly, the existing local refining capacity is now sufficient to fully meet all local demand. With Dangote's refinery coming onstream in 2018, it means that Nigeria will immediately become a net EXPORTER of petroleum products, significantly increasing our foreign currency earnings, and further strengthening the value of Naira against the Dollar. All of which has the happy effect of reducing local fuel prices, and reducing inflation in general. It's very easy for Nigerians to sit and write abusive messages, far more difficult for them to engage their brains and come up with viable solutions to their problems. Regards Uvie 1 Like |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by Barcholder: 8:26am On Sep 05, 2016 |
grossintel: It is you who needs to use your head, and learn to join the dots. That's right, join the dots. This is exactly the reason why Nigeria is suffering today, because joined up thinking is tragically lacking in the people. If the cost of fueling your car increases by an amount LESS than what you have saved in powering your home, are you A) Better off financially B) Worse off financially C) The same as before This is my last post, I have a company to run, and 40 families to feed. I don't have the time and energy to be debating with ignorant and abusive people. Regards Uvie 1 Like |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by cescky(m): 8:30am On Sep 05, 2016 |
Barcholder: Mr man I didn't read ur write up sorry...!the tone at the beginning sounded way off..am not here to fight am bigger than that. I think the poster that said he stays overseas and will answer all ur questions "only if its void of insults" knows u better....since u know it all more than me and wish to educate me says a lot..... Am swerving to my lane. If I need to show you where u implied that and u can't deduce it by urself means am wasting my precious time. 1 Like |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by calabardick(m): 8:43am On Sep 05, 2016 |
This is what happens when an illiterate is in power, confusion everywhere, commotion everywhere. What a pity, the destiny of a great nation entrusted into the hands of a common retired military herdsman, Mbom! 2 Likes 1 Share
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Re: Fuel At N145/litre No Longer Sustainable – NNPC by Dainfamous: 8:51am On Sep 05, 2016 |
Aresa Sai baba ![]() 1 Like 1 Share |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by Malawian(m): 8:52am On Sep 05, 2016 |
Leopardd:you better not be calling that guy to make another prediction ![]() ![]() ![]() ![]() ![]() |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by Dcanio: 8:54am On Sep 05, 2016 |
Why warn the government let them shoot themselves on the leg...so they can learn ....This is what happens we minister can't talk to the president in his face....They are all scared to tell him the truth foolish goats 1 Like |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by mindworx: 9:00am On Sep 05, 2016 |
Teewhy2: Please if this analysis is true.. I will cry, cos i tot am now a big boy. ![]() |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by toidflex(m): 9:00am On Sep 05, 2016 |
amliftedhigher:how many times hav dey increase fuel has it been able to solve the nigeria problem?keep ur mouth shut and hold ur peace cos i believe u are still eating from ur mother's pot of soup. 1 Like |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by fidkaitoo: 9:10am On Sep 05, 2016 |
Very serious. So many people are not commenting on this tread, why? |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by onatisi(m): 9:16am On Sep 05, 2016 |
Dcanio:one of his aides even had the audacity to come public and say that only few Nigerians are complaining and that all is well.then another came out to say that the first thing buhari reads in the office first thing is the newspaper jokes and that he laughs a lot!!! Just imagine the sort of ppl ruling Nigeria 1 Like |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by Xapio: 9:19am On Sep 05, 2016 |
cooltola:So you think dangote will do charity for you? Some time I smh the way you Nigeria think. The crude oil will not be supplied to dangote for free so, he won't even mind exporting the refined product to make enough profit. He is a private business man and profit over Evey other thing is his first priority. 1 Like |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by onatisi(m): 9:22am On Sep 05, 2016 |
Malawian:you Nigerians don't like the truth,when I said it last December and this year January that a bag of rice will be sold for 20k many looked at me like a mad man ,I remember telling those market women in Nigeria then to store enough rice. You guys simply dont understand that we are talking about a man called BUHARI. Ok oooo. I will just keep shut and watch 2 Likes |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by jpphilips(m): 9:38am On Sep 05, 2016 |
Teewhy2: Crippling of oil export lines has necessitated the unavailability of refinery feedstock hence our supply are routed through importers who are exposed to exchange rate differentials, with $$ running Amok, it is no brainer that PMS at its mercy should increase. Happy bombing fellow Nigerians!! 1 Like |
Re: Fuel At N145/litre No Longer Sustainable – NNPC by Reference(m): 9:47am On Sep 05, 2016 |
Nothing wrong in right pricing. If it is not sustainable then so be it. Scacity and uncertainty is far worse. We should not do anything inimical to investment in that sector meaning that we should prove as a nation to be ready to pay for things. Years of free or next to nothin fuel has spoilt us. Petroleum products are very expensive in nature and that is why it is a global phenomenon and from the devastation of the Niger - Delta we can see the price being paid to get it. Fuel is precious. Unfortunately we have been living a lie for decades no thanks to the owners of Nigeria and their military and civilian collaborators. Now we have to reset our mentality to the present realities. |
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