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Nairaland Forum / Nairaland / General / Politics / We Can No Longer Import, Sell Fuel At N145/litre — Marketers (26117 Views)
Kano IPMAN Directs Members To Sell Fuel At ₦150 Per Litre / Why We Can’t Sell Petrol At 125/litre – Marketers / Fuel Stations Sell Fuel In Daura, Jibiya Border Towns Despite Ban (2) (3) (4)
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Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by muller101(m): 9:05am On Dec 24, 2017 |
You export raw materials and purchase finished goods from the same material you exported on a higher rate is that not 5tupidity? 3 Likes |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Boss13: 9:14am On Dec 24, 2017 |
Nigeria is a country that consistently refused to learn from its past mistakes and problems. Nigeria problems are not new, they are recurrent problems. Many of these problems have left the recurrent process to become permanent problems. 6 Likes |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by GavelSlam: 9:15am On Dec 24, 2017 |
tempest01: The refineries cannot work for as long as it is a government parastatal...Nigerians and corruption are like 2 peas in a pod. We need the private refineries desperately but even Dangote's refinery is slow in taking shape. 2 Likes |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by GavelSlam: 9:18am On Dec 24, 2017 |
muller101: It is but there is no short term solution. We need privately owned refineries but I can bet you, even when they come, they would continue to burden the common man every now and then. The Nigerian is a man that needs a change of personality. 2 Likes 1 Share |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Hayah: 9:22am On Dec 24, 2017 |
ivandragon: Well said bro. . . But won't the $15B-$20B be enough to build a refinery? 2 Likes |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by grandstar(m): 9:25am On Dec 24, 2017 |
princeade86: Stand up and do what? Did you not read the article? The solution is to full liberalise the prIce. That will mean the price of petrol will be determined by market forces and government will end the fixing of the price by fiat and end all subsidies. Since the landing price of petrol at the port is now 154naira using the 305/$1 rate, the price of selling petrol will have to go up to reflect market realities. Are you ready for that? The truth is bitter. 1 Like 1 Share |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by fortunejum: 9:28am On Dec 24, 2017 |
Why should it be now when the demand is high? |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by LadiIshola(m): 9:31am On Dec 24, 2017 |
matrix199:Good analyses though but what you failed to put into consideration is the fact that a barrel of crude oil cannot give you a barrel each of PMS, kerosene and Diesel Cos you will still get other distillates from that same one barrel. You have paraffin there, wax and the likes. So they are not entirely daft as you have portrayed them to be. 5 Likes 1 Share |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Johnrake69: 9:31am On Dec 24, 2017 |
HtwoOw: Did you listen to yourself? As if GEJ didn't propose we remove the subsidy buh politics was more important than the economy so we occupied Ojota. The billions of dollars saved from subsidy where is it? The last time I checked we are still borrowing $billion of dollars to fund the budget. And by the way, where are the modular refineries they promised? |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by jacoik(m): 9:33am On Dec 24, 2017 |
matrix199:you put it in right perspective. God bless you |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by ivandragon: 9:34am On Dec 24, 2017 |
Hayah: the 'philosophy' or policy of PDP on the matter has to be taken into account... aside from Yar'Adua who reversed the sale process of refineries, PDP's policy was aimed at allowing private investors operate refineries, hence its push for total deregulation of the up & down streams of the industry. it was a clear policy direction & as such, they cannot be wholly blamed for not building refineries. pmb has no policy direction on the matter which is why despite the astronomical increase a year ago, the industry is still in a state of flux... 3 Likes |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by eejo(m): 9:36am On Dec 24, 2017 |
ivandragon:my brother you made my day merry xmass |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by habsydiamond(m): 9:36am On Dec 24, 2017 |
How can Nigeria be so dumb...we have refineries simply because of the money our leaders are making from importation they abandoned those refineries, export our crude oil to other countries and buy back our product in petrol and diesel, kerosene and others...who are we helping ![]() 1 Like 1 Share |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by UncleJudax(m): 9:47am On Dec 24, 2017 |
gocac:You dont say! Increment will come, and Buhari is also likely to win. Why do you think the Country IS so Backward? There are Millions of Useless people in Nigeria. They only see Tribe and Religion. 2 Likes |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by ajl: 9:48am On Dec 24, 2017 |
What baffle me is that many Nigerians are not as bright as average Nigerians claim. It's clear that the marketers are making attempt to hit a final "jackpot" before the magic year of 2019 when they are destined to go out of business as a result of coming on board of Dangote Refinery. It's the 11th hour for them and they will do anything to make a kill. 1 Like 1 Share |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by ajl: 9:51am On Dec 24, 2017 |
habsydiamond: I have never seen people so stupid and self-destructive. 1 Like |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by KanuJEWSarePIGS: 9:52am On Dec 24, 2017 |
Oya! The "awa bLothers" Animals should start the tribal card play. It's taking too long. When we allow the elites to further devide us along tribal and religion lines, this is what we get. By the time wey dem finish with una, hands no go gree una carry type nonsense again. 1 Like |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by chloride6: 9:53am On Dec 24, 2017 |
Hallelujah ![]() |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by kross01(m): 9:53am On Dec 24, 2017 |
Hayah: If the demons that politicised subsidy removal had allowed that move, we will by now not only have newer refineries but also a lot of privately owned ones (including modular) too but you see, no private biz will want to operate in such environment when you are subsidizing/regulating the price. 1 Like |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by UncleJudax(m): 9:58am On Dec 24, 2017 |
StankovicEgeni:People are making Money from the Situation. |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by ajl: 9:59am On Dec 24, 2017 |
LadiIshola: Point of correction. Bitumen are not derived from your normal every day crude oil but from oil sands which are unconventional heavy oil that already has its lighter fraction degraded or removed in situ by microbes. And these are not refined in convention refineries. The largest oil sands reserve are in Canada and Venezuela. Nigeria also has some heavy oil deposits but not sure if these are exploited. In summary, one can't get bitumen from the kind of oil that Nigeria produce. These are high end light fractions. 1 Like |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Apina(m): 10:03am On Dec 24, 2017 |
HtwoOw:It was people like u who came out protesting when the previous government, held a symposium where every Nigerian was respected and allowed to air their views on the subsidy removal but kept shut when Buhari did same. The outcome presently is even Worse than we have ever had it and u are here appraising the nonsense. ![]() 2 Likes 1 Share |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Robbin7(m): 10:03am On Dec 24, 2017 |
What is this one saying? If you can sell like that abeg leave the business no come make life harder for people. Yeye people |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by tuzle(m): 10:05am On Dec 24, 2017 |
God, why is it during this scarcity that our transformer decided that it is time to spoil |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by ajl: 10:06am On Dec 24, 2017 |
kross01: Then why did Dangote venture into building a refinery. Where are the others that were issued licenses. Truth is most Nigeria businessmen are rent seekers. Reason why the country import toothpicks and pencil. 1 Like |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by gbagyiza: 10:13am On Dec 24, 2017 |
princeade86: Bro, it might be difficult because they have already divided d people. My take on this news is that, were d marketers not aware when exchange rate shot up. Why d fuel was not scarce that time. Why now during December, |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by habsydiamond(m): 10:14am On Dec 24, 2017 |
ajl:that's our leaders for u.....they only care about themselves..... presently, it's only the masses that are suffering from this fuel scarcity....whereas they are all enjoying with full tanks everywhere they go.... |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by jaxxy(m): 10:18am On Dec 24, 2017 |
matrix199: This looks like very bad business bt We have basically no refineries thats d issues so we have no choice to sell crude and import back. Bt i think the quantity we export is way more than the refined product we import so im thinking there is sm good marginal profit to the govt in this situation bt now we can't import enough for our demands cos of forex issues. |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Bimpe29: 10:24am On Dec 24, 2017 |
Do we have to contract governance in Nigeria out? Must we be colonized again to get things right? Our leaders have been consistently failing since I was born. What needs to be done to have a better and prosperous Nigeria? |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by udemzyudex(m): 10:25am On Dec 24, 2017 |
And you all choose December to show your wickedness right? I believe in karma. |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Fourwinds: 10:27am On Dec 24, 2017 |
it will never be well with all these oil marketers... they have been looking for ways to increase this fuel price for long... |
Re: We Can No Longer Import, Sell Fuel At N145/litre — Marketers by Bimpe29: 10:32am On Dec 24, 2017 |
Do we have contract governance in Nigeria out? Must we be colonized again to get things right? Our leaders have been consistently failing since I was born. What needs to be done to have a better and prosperous Nigeria? 1 Like |
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