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Nairaland Forum / Nairaland / General / Politics / Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers (33312 Views)
Why We Can’t Sell Petrol At 125/litre – Marketers / Why Petrol May Not Sell At N145 Anytime Soon / We Can No Longer Import, Sell Fuel At N145/litre — Marketers (2) (3) (4)
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Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by jaafree: 2:06pm On Dec 29, 2017 |
GavelSlam:. Imagine o, for 14yrs PDP government never care to trace all those black depots and now that APC are trying to cast them out some illiterates fail to realised that the present of such depots is one of the major reason our oil price keep fluctuating. keep going kachikwu until u apprehend those black marketers jare 2 Likes |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by thambolo(m): 2:15pm On Dec 29, 2017 |
Sprumbabafather:Sprumbabafather, I greet you. Let us assume we the Igbos are being marginalized. The simple question is ‘whose fault?’ The problem with us is lack of unity; the Igbos don’t have one voice. When Mr. A is saying ‘Yes’, Mr. B will be saying ‘No’ because of his selfish interest. Not less than one month now, the federal government signed $1b for the fight of Boko Haram and a few days later the Niger Deltans began to agitate for theirs. One voice: irrespective of whether the voice is for a good cause or not. The Enugu NNPC depot at Emene is just a stone throw away from my house in Enugu. I know the havoc the shutting down of that depot has caused; from the issue of unemployment down to the scarcity of petroleum products in the South-East. Imagine shutting down the Abuja NNPC depot or the Warri depot... And the only reason for shutting Enugu NNPC depot is due to pipeline vandalism. BIG LIE!!! Are the pipelines used to supply other depots invincible ? Don’t they vandalize other pipelines ? Can’t the measures put in place to safeguard other pipelines be administered to the only NNPC depot in the South-East ? It is quite unfortunate that majority ( though not all ) of the Igbos are self-centered...beginning from the deputy senate president,who is from Enugu. I remember reading somewhere ( online newspaper ) in 2014/2015, that measures will be put in place to revive the Enugu NNPC depot. Only for a fresh government to come into power and PUFFFF!!!! So many things I would have love to say about this topic... please, let’s do something about it |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by thambolo(m): 2:16pm On Dec 29, 2017 |
Sprumbabafather: Sprumbabafather:Sprumbabafather, I greet you. Let us assume we the Igbos are being marginalized. The simple question is ‘whose fault?’ The problem with us is lack of unity; the Igbos don’t have one voice. When Mr. A is saying ‘Yes’, Mr. B will be saying ‘No’ because of his selfish interest. Not less than one month now, the federal government signed $1b for the fight of Boko Haram and a few days later the Niger Deltans began to agitate for theirs. One voice: irrespective of whether the voice is for a good cause or not. The Enugu NNPC depot at Emene is just a stone throw away from my house in Enugu. I know the havoc the shutting down of that depot has caused; from the issue of unemployment down to the scarcity of petroleum products in the South-East. Imagine shutting down the Abuja NNPC depot or the Warri depot... And the only reason for shutting Enugu NNPC depot is due to pipeline vandalism. BIG LIE!!! Are the pipelines used to supply other depots invincible ? Don’t they vandalize other pipelines ? Can’t the measures put in place to safeguard other pipelines be administered to the only NNPC depot in the South-East ? It is quite unfortunate that majority ( though not all ) of the Igbos are self-centered...beginning from the deputy senate president,who is from Enugu. I remember reading somewhere ( online newspaper ) in 2014/2015, that measures will be put in place to revive the Enugu NNPC depot. Only for a fresh government to come into power and PUFFFF!!!! So many things I would have love to say about this topic... please, let’s do something about it |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by Nobody: 2:28pm On Dec 29, 2017 |
dannytoe:
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Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by pawesome(m): 2:29pm On Dec 29, 2017 |
Na today?...forget fg or whosoeva....Igbos are dia own personal enemies....a fellow Igbo man dt can cheat him own self nt to talk f odas 1 Like |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by EternalTruths: 2:32pm On Dec 29, 2017 |
Vivere: Pls, don't feel offended that I am asking this question because I want to learn. 1) Was there anytime, independent marketers were allowed to import fuel without passing through NNPC.? 2) Do marketers import diesel without going through NNPC.? |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by EternalTruths: 2:40pm On Dec 29, 2017 |
thambolo: The problem is not lack of unity but informing people about the problem. You knew that the depot have issues but never created a thread for it on Nairaland so that we can get it across to appropriate authorities. You are part of our problem. 1 Like |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by Vivere: 2:40pm On Dec 29, 2017 |
EternalTruths:Hi, for you to import diesel you need to be registered with NNPC. You are also given the guidelines for importation. You liaise with them at various steps of the way. However, NNPC does not dictate the price at which you sell your diesel. Diesel prices fluctuated quite a bit this year. At the beginning of this year it was as high as 220 per litre. But a few months back, diesel was 160 - 180 per litre. Now it is about 200 per litre, within most stations in the SW. I don't know about other parts of the country. 1 Like |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by EternalTruths: 2:44pm On Dec 29, 2017 |
Vivere: So why can't the government allow such for the petrol section. |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by Okoroawusa: 2:46pm On Dec 29, 2017 |
Vivere:My brother I just weak 1 Like |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by iamjavadem(m): 2:46pm On Dec 29, 2017 |
Sprumbabafather:Not marginalization. I am sure if we research we will find a Yoruba, Igbo and Hausa man to blame, greedy bastards!!! |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by wristbangle: 2:47pm On Dec 29, 2017 |
Vivere: You seems to know much about the downstream oil supply chain. Can you explain how the structures looks like from NNPC to Retail PMS outlets and how much oil marketers are getting from NNPC abi na DDPMAN, MOAN or PPMC? |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by wristbangle: 2:50pm On Dec 29, 2017 |
EternalTruths: Hmmm bro! U seems not to understand the greed of oil marketers. PMS is the most consumed refined petroleum petrol and by law of demand/supply, the price may shoot to N300 if care is not taken which in turn would affect commodity price in market. I would have support total deregulation but these thieves will make life unbearable for the masses. 1 Like |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by Vivere: 3:05pm On Dec 29, 2017 |
EternalTruths:In order to answer this question, you have to examine a lot of factors. First, the transportation infrastructure in Nigeria is very weak. Movement of large numbers of passengers, goods and cargo is still carried out over long distances by road, instead of by rail or water transport, as it is done in many countries. So any fluctuation in the price of fuel, affects the prices of goods, services and transport in a highly disproportionate sense, and fuels inflation. Secondly, it takes a lot of funds to even import let's say - a 20,000 MT of PMS from Rotterdam or any of the ports in Europe. There are smaller refineries on the West African coast like in Tema, Ghana and Abidjan, but these produce small or inadequate quantities of petrol, compared to the quantity required in various West African countries. Importation of petroleum products is also dollar-denominated. So as long as your naira continues to fluctuate against the dollar, or the disparity in exchange rate remains high in favour of the dollar, your landing cost will remain high. This will also spike inflation and increase in cost of goods and services. It takes tons of money to import petroleum products. Initially when diesel was deregulated, a lot of depot owners and marketers got loans from banks, to import small quantities from refineries on the West African coast. A number of them were not able to pay back such loans, due to mismanagement of funds or outright theft of their products. But by the time demand for diesel slowed down, and the market dropped, a lot of them could not cope. Some depots have been empty for over a year, as their bankers refused to grant them further loans. Some are even trying to sell off their depots, at huge sums, while others who used their depot as collateral have had those depots taken over by their creditors..... Now, instead of importing fuel, many of the private depot owners get allocations of fuel from NNPC/PPMC and store in their tanks, to resell to independent marketers, with their large network of stations. So, if the private depots are getting stock from NNPC at approved, discounted rates, why would the marketers who also get stock from such depots sell at exorbitant rates? Are the depot owners short-changing them? Or extorting money from them? They need to speak up and shame them! Afterall, NNPC/PPMC has been the one importing different cargoes of petrol, for the past 3 months, and not the marketers! Deregulation worked for diesel, because the number of trucks and machinery using diesel are fewer than the number of vehicles using petrol. Not only that, there has been increased use of natural gas, to fuel industrial generators and turbines, in manufacturing companies and industries, which has translated to a reduced demand for diesel. In my view, petrol can be deregulated but quite a few things need to be put in place, before it can be done, so that it does not lead to unwanted consequences that can not be contained, or prices that spiral out of control. This was what led to the notion of subsidising fuel prices, in the first place. When Buhari came in, the subsidy was said to be abolished, when petrol prices were increased from 85 naira to 145 naira. But now the rising exchange rate and increase in international oil prices, have pushed fuel prices back up. Every country subsidises something for its citizens. That notion of letting everything be subjected to a free fall of the currency, or to market forces, does not augur well, in all areas. Some countries subsidise transportation. Others subsidise agriculture or healthcare. The most important thing is to ensure subsidies get to the targeted areas, and are not blindly hijacked by an unscrupulous set. A long term solution would be to implement refining of crude locally, so that adequate fuel can be obtained at a cheaper rate, which reduces the need to subsidise it to an affordable level for citizens. 2 Likes 2 Shares |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by Nobody: 3:06pm On Dec 29, 2017 |
Sprumbabafather:the nnpc depot at aba is working |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by Vivere: 3:08pm On Dec 29, 2017 |
wristbangle: Guy, this is called consultancy! There are charges for such info. Give me a few hours, I might be able to dig up a graphic representation from my old files... 1 Like 1 Share |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by Obere4u: 3:43pm On Dec 29, 2017 |
They suddenly remembers that they do buy PMS above NNPC regulated price because it's Christmas season. Other months from January until Novembe, they have been selling the normal NNPC regulated price. Does that mean they were selling at loss rate? Igbos keep killing Igbos #SeasonIsPriceHike 2 Likes 1 Share |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by wristbangle: 3:49pm On Dec 29, 2017 |
Vivere: Pls nau . Kindly share via PM. Thanks. 1 Like |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by jamjo: 3:55pm On Dec 29, 2017 |
nairavsdollars: The mentality of an illiterate. |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by JerryGent(m): 4:05pm On Dec 29, 2017 |
Oboi no kill person with this your grammar abeg RIPEnglish: |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by thambolo(m): 4:12pm On Dec 29, 2017 |
EternalTruths:I am an Igbo guy. I accept that I have been part of the problem and it will gladden my heart to be part of the solution now. But I rather find it preposterous that as enlightened as you sound, you never knew of a matter as serious as this, for the past one decade. Well, that’s by the way. What is now the way forward? 1 Like |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by Givenchy23: 4:15pm On Dec 29, 2017 |
they are working for the opposition |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by So101: 4:30pm On Dec 29, 2017 |
Xano:you are funny oh! So if they buy at 145 they should sell at 240? that is a pure definition of exploitation do the maths! 95naira profit per litre meaning they make 3.8million a day on a good day to the detriment of the poor! if you can’t do the business it’s not by force but don’t come and be exploiting people and then play victim it’s a service not a get rich quick scheme 2 Likes |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by ChidiAlaigbo: 4:31pm On Dec 29, 2017 |
omohayek: Mr KNOW-IT-ALL there is something called POLITICAL IMPACT!!! The government knows about deregulation but we are NIGERIANS (REAL NIGGAS) and we dont like the truth. The government is scared of its "people". 1 Like |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by Caseless: 4:44pm On Dec 29, 2017 |
Sprumbabafather:when kachikwu tried to send product to aba, they first sent water to see what will happen, the pipeline was vandalized cos the vandals thought it was a product. These vandals have people in the system who feeds them with information. 2 Likes 1 Share |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by Vivere: 4:50pm On Dec 29, 2017 |
So101:I cannot remember the last time I laughed this much!! There is more gist here: https://www.dailytrust.com.ng/ipman-wants-dpr-nnpc-to-clamp-down-on-private-depot-over-hike-in-ex-depot-price.html
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Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by opribo(m): 6:09pm On Dec 29, 2017 |
PaChukwudi44: Yes he is not but he was foolish enough to allow himself to be used as the face to hoodwink Nigerians into that fraudulent fuel increase. After achieving their aim, what happened to him. They relegated him to the back ground. Even he has no control over Gmd of NNPC. Professionals who know their mettle don't settle for less. Do you remember madam NOI, when Obj tried to mess her up even before he conceived the idea she get the hell off the place and the same party had to go beg her again to come back and serve. This one is just there doing 'yesserboy upandan' waiting for them to boot him off before he realizes he is irrelevant. I can bet even the present fuel crisis he is not aware of the cabal controlling that sector. |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by omohayek: 6:27pm On Dec 29, 2017 |
ChidiAlaigbo:At last, someone who understands what is really going on! You have it exactly right: the government (with the exception of the utter economic illiterate Buhari at the very top) understands what is required, but is too scared of the backlash that might ensue, so they continue to pretend that the pump price remains N145, while petrol stations pretend to provide it at that fantasy price. The same Nigerians who refuse to even consider that N200 might now be a more realistic price are the ones queuing up to pay N250 for black-market petrol! The fuel situation is exactly the same as with the electricity sector, where most Nigerians prefer to "enjoy" artificially-cheap electricity that is highly unstable and often completely unavailable, instead of paying more realistic prices that will encourage large-scale private investment in distribution and transmission. Nigerians want to be told fairy tales about getting good things for less than they cost, and then they wonder why the tales never come true. 2 Likes |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by EternalTruths: 6:31pm On Dec 29, 2017 |
thambolo: How do you expect us to know in a country that hides the oppression of the East from the international community. Create a thread for it and once in every month, post a comment on the thread to keep the memories of our people fresh on the matter. |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by EternalTruths: 6:35pm On Dec 29, 2017 |
Vivere: My anger with Buhari is on this matter is his failure to set up Medium scale refineries as achieved by the Biafrans during the war. Ojukwu, despite air, sea and land blockade, never had shortage of fuel. This is one of the reasons why I see Buhari as disastrous idiot. What Ojukwu achieved in the late 60s, Buhari can't achieve in this modern era. Shame unto Buhari. 1 Like |
Re: Why We Cannot Sell Petrol At N145 Per Litre In South East – Marketers by EternalTruths: 6:37pm On Dec 29, 2017 |
wristbangle: That is not an excuse. Buhari should give it a trial and ensure that it can be imported through the Eastern ports so that traffic jam at Apapa wharf won't hinder the flow of the product all over the country. |
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