At least I no even care

Almost every policy this govt embarks on confirms the fact that bubu had and has no plan for economic development of this country
All bubu is out for is to implement his hidden evil desires as the president

When you cast your vote to a man who for many years could not do anything tangible to improve his immediate community, then expect retrogression instead of progress. This man is bereft of ideas. Only religious bigotry occupies his tiny head.

Dropshot will never comment on this...

just be patient my pple , PMB is working .....patient pays & God also backs patient . If we can back him again in 2019 surely change will finally com

Another attempt to increase fuel price. We don enter am for this nation ooo

Animal kingdom of a country
A place where gorillas are in control.....

psucc:
They should spare is these lies. it is obvious they are bent on price increase so let them do it.

It is our fault. How can a country with over 20m graduates decides to vote for an illiterate?

I don't know why people like you rush to comment... I think you need help

psucc:
They should spare is these lies. it is obvious they are bent on price increase so let them do it.

It is our fault. How can a country with over 20m graduates decides to vote for an illiterate?

Why did u not come out so we vote for you. Sharaap jare. We are all in it 2geda. Who told u people voted

What about kerosene and gas ?They are even more expensive than petrol, government should do something about it, the masses are finding it difficult to afford it.

He went back to all his policies....

u see the man and his ministers dont process things enough

well bubu does not Give AF cause he is balling in Mali

and more concerned about Gambia

Where is that mumu that said Buhari built two refineries as PTF head? Now he is a president for almost two years now. Has he started or built any refinery? Has he even completed any reasonable turnaround maintenance in any of the existing ones? This man will make lives in this country a hell.

AfonjasMustDie:
APC zombies and Buhari are the dumbest people on earth

They crucified and wanted to kill Goodluck Jonathan for introducing subsidy

What is happening now ?? Buhari the ignorant 90 years old farmer and his APC rats have ran to subsidy( which they called looting) to help them

This is just the begining

I want the economy to get worse

I want rice to be sold for 50 thousand naira per bag

I want everything to crash to the ground

This is what Zombies deserve for voting in an ignorant farmer as the president

I pray that Buhari will rule Nigeria for 100 years

This is just the beginning of the hardship

Kerosene was 120 naira when Goodluck Jonathan was the president and some idiots said that they want change, they voted for a 90 year old farmer and 1 year later a liter of kerosene is 500 naira

I pray that the price of petrol will increase to 9 thousand naira per liter so that these zombies will die of hardship

Enough of the blames.
what's the solution

Same policy somersaults .trial and error government.

Nigeria keep deteriorating at a pace never seen in the history of this country right before our own eyes. Too bad Mehn.

Please friends good morning, I need a company I can buy cards in bulk and sell to people as a wholesaler. Thanks

AfonjasMustDie:
I pray that the price of petrol will increase to 9 thousand naira per liter so that these zombies will die of hardship

Where was your brain when you typed this? Every Nigerian must be a zombie then, including you.

this is not d part of change wi won't

https://www.nairaland.com/3530260/landing-cost-fuel-hits-n210

https://www.nairaland.com/3553827/fuel-price-increase-landing-cost

What is the real landing cost of fuel?

Ayam not understanding

Was it removed in the first place

AfonjasMustDie:
APC zombies and Buhari are the dumbest people on earth

They crucified and wanted to kill Goodluck Jonathan for introducing subsidy

What is happening now ?? Buhari the ignorant 90 years old farmer and his APC rats have ran to subsidy( which they called looting) to help them

This is just the begining

I want the economy to get worse

I want rice to be sold for 50 thousand naira per bag

I want everything to crash to the ground

This is what Zombies deserve for voting in an ignorant farmer as the president

I pray that Buhari will rule Nigeria for 100 years

This is just the beginning of the hardship

Kerosene was 120 naira when Goodluck Jonathan was the president and some idiots said that they want change, they voted for a 90 year old farmer and 1 year later a liter of kerosene is 500 naira

I pray that the price of petrol will increase to 9 thousand naira per liter so that these zombies will die of hardship

I understand your point though... But the fact is that even those of us who didn't vote for Buhari are also suffering the hardship...

psucc:
They should spare is these lies. it is obvious they are bent on price increase so let them do it.

It is our fault. How can a country with over 20m graduates decides to vote for an illiterate?

Unfortunately we have many people who claim they went to school reasoning like illiterates. When presented with facts and figures some will abandon it and rather resort to myopic unreasonable blabering!

They told us prices will lower six months after the removal of subsidy.

[s]

nnachukz:
Where is that mumu that said Buhari built two refineries as PTF head? Now he is a president for almost two years now. Has he started or built any refinery? Has he even completed any reasonable turnaround maintenance in any of the existing ones? This man will make lives in this country a hell.

[/s]

Easy to sit behinde blogs and type trash. Building a refinery is not d same as building a house. Govt lacks both the finance and tech to build refinery. Besides it was not buhari that put our refinery in comatose state. Jonathan had 6yrs to fix it. He didnt. So why should we have voted for him

Its easy for wailers to nag because thats d only thing they r good at. Nag and hate. But its still inside this recession that govt is building bridges, rail, fixing airport and providing social welfare scheme. Things previous regimes didnt do despite their huge resources at disposal. Instead they were dashing their friends billions of dollars!

Pls when is Dangote kicking off his refinery?


At least, it will reduce the round tripping and block some loopholes. Hope the cabal( no cabal IMO, other than an unwilling and heartless President) won't force Dangotes refinery redundant, just as the country's, all for the sakes of milking the nation and making its people suffer.

It's a shame Nigeria can't run itself.
A major undoing of the Jonathan administration was his inability to fix NNPC, its refinery and put the whole house in order, despite the plenty in his days. This government rode into power with the promises and poise to fix all these..............but now, I'm afraid.

davodyguy:
There's nothing wrong in what's happening.

Let me quickly clarify before dumbass analyst start talking nonsense.

Where we were

Sometime in December, 2015 the price of crude oil per barrel dropped to about $32 and the exchange rate then was less than N300 to 1$. At that time, the government. Marketers were making profit, without subsidy being paid.

2016 first quarter

By mid January, the price of crude oil started rising, and that was the time CBN started their failed policy on exchange rate. What happened then was that as the crude oil price increased, exchange rate to dollar also increased. This made landing cost of refined products to go up. You would recall that we experienced scarcity till May, 2016 when subsidy was finally removed. Why? Cos product was sold. (PMS) at N87 per litre and the differential was paid to marketers as subsidy.

May, 2016

Subsidy was removed. Exchange rate is now over 300 naira to a dollar. Hence we started buying PMS per litre at N145.

NOV, 2016

International price of crude oil rose to $50 per barrel and exchange rate is over N400. The landing cost would automatically increase. But since PMS price is still being regulated and pegged, no marketer would import a product at N145 per litre and still sell below cost price.

JAN, 2017

In order to avoid two things

1) Fuel Scarcity
2) Increased PMS price

NNPC is now importing 90%. of daily consumption of PMS so that Nigerians would not suffer.

So I wonder how some dunce will insult NNPC, when they're actually saving you.

The only solution now is for CBN to do something about the exchange rate and things would be back to normal.

Price not per barrel is about $53-54 and exchange rate is over N400 naira.

Price may remain $54 or even go higher as we pray and hope for. CBN must do something about the exchange rate and allow drop back to 300 or below. If this is done, things would balance up

Demand and supply is responsible for exchange rates. If we maintain this pressure on dollar and you wish for cbn to bring down the exchange rate, then expect the fg to dip hands into the external reserve that you have been rejoicing that is rising.

In summary it's not sustainable.

And people are talking not because of what's happening but because of the propaganda and campaign during the election. I even remember Tam-David West abi what's his name saying pms should be sold for far lesser than what it was being sold as oil price fell worldwide. But the reverse is the case and we have not heard from him again. Mind you he was speaking for APC and I think many people sitting on the fence decided to vote APC because they thought that's what is going to happen

govt. of lies and deceit.

AfonjasMustDie:
APC zombies and Buhari are the dumbest people on earth

They crucified and wanted to kill Goodluck Jonathan for introducing subsidy

What is happening now ?? Buhari the ignorant 90 years old farmer and his APC rats have ran to subsidy( which they called looting) to help them

This is just the begining

I want the economy to get worse

I want rice to be sold for 50 thousand naira per bag

I want everything to crash to the ground

This is what Zombies deserve for voting in an ignorant farmer as the president

I pray that Buhari will rule Nigeria for 100 years

This is just the beginning of the hardship

Kerosene was 120 naira when Goodluck Jonathan was the president and some idiots said that they want change, they voted for a 90 year old farmer and 1 year later a liter of kerosene is 500 naira

I pray that the price of petrol will increase to 9 thousand naira per liter so that these zombies will die of hardship

LMAO. I hope you're not in Nigeria cos we will suffer it together. So, be careful what you wish for.

Nigeria is a SCAM!

Adesiji77:
https://www.nairaland.com/3530260/landing-cost-fuel-hits-n210

https://www.nairaland.com/3553827/fuel-price-increase-landing-cost

What is the real landing cost of fuel?

Ayam not understanding

From what I understood from the op, there are two landing cost depending on the exchange rate used. Cbn exchange rate is 140 while black market is 200+