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Nairaland Forum / Nairaland / General / Politics / Petrol Landing Cost Now N180 Per Litre, Says Kachikwu (26377 Views)
Petrol Landing Cost Hits N1000 Per Liter Mark / Petrol Landing Cost Hits N1,000/litre On FX Crisis / South West IPMAN Set To Increase Pump Price Of Petrol To N180 Per Litre (2) (3) (4)
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Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by dam2000(m): 10:57am On Apr 17, 2019 |
Pls is 2 cheap 4 180 take it to 280 make we suffer well well next level |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by OgogoroFreak(m): 10:58am On Apr 17, 2019 |
ORACLE1975:Ebele Jonathan was a disaster! Please, don't bring him into this. 1 Like 1 Share |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by bareal(m): 11:01am On Apr 17, 2019 |
Wheezdwisdom: Whatever the case may be, let us just have indigenous refineries that will eventually put a stop to this subsidy saga, we don't have any business importing fuel.. It is only a ploy to enrich some people.... That should be our campaign and not this fuel price increase shenanigans. It is already tough for the masses. |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by Nobody: 11:03am On Apr 17, 2019 |
ORACLE1975: 1.We import fuel because subsides prevent marketers from making a profit. There was a reason why GEJ wanted to remove subsides....but you Nigerians won't let him. 2.In 2016, landing cost was N132, fuel price was N87. Crude oil price was below $40 per barrel, we needed it at $120 and above to have a healthy budget. As a result government raised prices to N145. Subsidy was ended for the moment...UNTil landing costs went up to N150 and above...and subsidy came back via underrecovery (So long as government sets prices, there is a subsidy....that's why I did not beleive Bubu when he said subsidy had gone. If it had gone.. why was government setting prices?) 1 Like |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by Gandollaar(f): 11:13am On Apr 17, 2019 |
NinjaMetahuman:And then the undertaker, the lifeless Sudanese made a bad situation worse. From change to next level poverty. |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by searchlight: 11:17am On Apr 17, 2019 |
NinjaMetahuman:I was thinking all the zombies have acquired sense and are in deep retrospection until this one craws out of the gutter. it is because of animals like this one that the zoo will keep sinking. imagine exonerating a proven failure and stereotypically predicting an untested to fail. every sane Nigerian knows that this has been the worst government since the fourth republic except few zombies like this one |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by NinjaMetahuman: 11:19am On Apr 17, 2019 |
[s] searchlight:[/s]brainless flat head how much did pdp that atiku belonged to met petrol and how did they leave it? 1 Like 1 Share |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by searchlight: 11:23am On Apr 17, 2019 |
NinjaMetahuman:it is now proven beyond any doubt that Hausa/Fulani's aren't too blesses with senses. this one has no sense just like a typical Hausa man. buhari is too a ceremonial president while Abba kyari, isa fantua, and mommoh daura are the chief devotion makers and he's also a ceremonial APC leader while tinubu and oshomole and the real leaders. any wonder he rarely know about anything? no body should blame him as he's a ceremonial everything which we think he is so says the zombies |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by NinjaMetahuman: 11:25am On Apr 17, 2019 |
[s] searchlight:[/s]lemme know when you are ready to make sense, you descendant of of ape kingdom. lemme know when you evolve. some apes have evolved. 1 Like 1 Share
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Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by barragan: 11:28am On Apr 17, 2019 |
These people are mad!! Don't you all know how to resign? If you feel the situation can't be helped, RESIGN!!!! |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by searchlight: 11:30am On Apr 17, 2019 |
tactius:are you stylishly saying that the zoo is irredeemable? we told you but you couldn't agree. soon it will be clear to everyone |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by paix(m): 11:31am On Apr 17, 2019 |
During GEJ, Bahuri never believed in subsidy. So, what's the fuss about it now? |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by Nobody: 11:34am On Apr 17, 2019 |
searchlight: No, I am saying that we have to run the petrol sector as a business...and stop paying subsidy Yes, there would be hardship....BUT...investment would flow in, and things like new refineries, etc and more jobs will come in In 2001...GSM came to Nigeria. GSM companies were charging prices as high as N20000 for SIM. Services were bad. Nigerians were crying ripoff, and calling on government to do something Five years later....the huge profitts GSM companies made had been invested in better equipment, and so on. Service improved, more investors came, the market did its thing...SIM cards now cost N500. EVEN if we split Nigeria....we still have to run away from subsides in the new countries, or the same issues would rear their head. 1 Like |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by searchlight: 11:39am On Apr 17, 2019 |
OgogoroFreak:and you mother who brought you to this mother earth qlis a bigger disaster cus a gold circle would have done a great job and save Nigeria your stupidity |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by searchlight: 11:42am On Apr 17, 2019 |
NinjaMetahuman:and zombie you voted APC to continue the trend? may your life and that of your household be like Nigeria under Buhari |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by NinjaMetahuman: 11:50am On Apr 17, 2019 |
searchlight:amen and may your life be like 16years of pdp. if you fail amen to the above prayer.. you and all your family will die horrible death. |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by komodapson(m): 11:50am On Apr 17, 2019 |
NinjaMetahuman: He is not just an ediot...is a successful ediot |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by Karemarealty288(m): 11:50am On Apr 17, 2019 |
This Dude is indirectly saying sell Nnpc. Why is Nnpc existing without refineries... Just like me exporting groundnut to import groundnut oil. #Sellnnpcnow |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by NinjaMetahuman: 11:52am On Apr 17, 2019 |
komodapson:but a loser and a failure at what they employed him to do. |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by grandstar(m): 11:54am On Apr 17, 2019 |
tactius: So true about the benefits of fuel subsidy removal but perish the thought of it happening under a left leaning populist with zero understanding of economics with a "I don't want people suffer" philosophy to power Nigeria by now should the refining capital of Africa, probably refining as much as 3m barrels a day and exporting the bulk. Rather, the opposite exist today with Nigeria being a bulk importer of almost all the refined fuels it uses. Nigeria by the way actually exports petrol through rampant smuggling of subsidised petrol from Nigeria to neighbouring countries. This mans these neighbours are enjoying Naija government money 3 Likes |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by SarkinYarki: 12:11pm On Apr 17, 2019 |
God will use this impending fuel increase to oust Buhari In Jesus Name..The evil useless man has pushed Nigerians too much |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by chronique(m): 12:19pm On Apr 17, 2019 |
Get ready for another increment in fuel. |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by bigpicture001: 12:21pm On Apr 17, 2019 |
coolfredo: Very possible becuz u don't sel one litre...u sell hundreds of thousands of litres....5 naura multiplied by say 132000 liters is 924000 almost one million u make in say 2nd half weeks...is de not ok....yes we know us a private biz man and would like more..but remember we are all in die country 2geda nd mny can't even feed.... U would b a big fat liar if u say govt gave an opening to sell upto 147 but u sell at 145 at this period of scarcity... .so u actually make 4naira perlite and not 3 naira |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by VolvoS60(m): 12:21pm On Apr 17, 2019 |
grandstar: ^^^ The rhetoric about fuel subsidy removal doesn't tell the full story. Yes indeed there is a subsidy on imported fuel. But is there a subsidy on locally refined fuel? I asked this question of the fellow you quoted on another thread but I didn't get an answer. The subsidy on imported refined fuel over the last decade could easily have paid for new refineries several times over. Those refineries could be leased to private hands to manage under any one of a number of arrangements - since we all agree that Nigerian government cannot successfully manage a chicken coop (that's a discussion for another day). Why is this not under consideration? |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by VolvoS60(m): 12:33pm On Apr 17, 2019 |
The landing cost of 1 litre of imported petrol right now is about 180 Naira. Throw in distribution costs and other costs and the cost of 1 litre of imported petrol rises to almost 200 Naira. So we all agree there is a subsidy. But what is the cost of producing 1 litre of locally refined petrol? Is it 10 Naira? 50 Naira? 100 Naira? 150 Naira? 200 Naira? We need to know to compare! If it costs (let's say) 50 Naira to refine 1 litre of fuel in Warri (all costs factored in - distribution costs, etc.) and petrol is sold at 145 Naira per litre at the pump head - then there is no subsidy on locally refined petrol! If there is no subsidy on locally refined fuel then it raises uncomfortable questions about why we have not focused on improving local refining capacity - difficult questions that some people do not want to answer... 2 Likes |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by coolfredo(m): 12:40pm On Apr 17, 2019 |
bigpicture001:how many weeks will it take u to sale one truck of product which is 33000 lits no light we are using gen we pay staff. 145 - 142 = 3 . Then 3 × 33000 lits is how much sir ? I sale one truck in a month sir i use 250 lits of desiel in month at 200 naira per lit sir i pay staff each 15k a month i have 4 of them. Now calculate my profit again for me |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by Nobody: 12:42pm On Apr 17, 2019 |
APC (next level).......e ni ku're ooo...... Now playing DEM BOBO by FEMI KUTI Yesterday, Dem tell us sey Sey today, na we go gain So we struggle, suffer dey For this new democratic change But the truth of the matter be sey Dem disguise another way To continue their crooked ways Oh Yes! Dem bobo! Dem bobo your mama! Dem bobo your papa! Dem bobo your mama! Dem bobo your papa! Dem bobo your grandmama! Dem bobo your grandpapa! Dem bobo the market women! Dem bobo you journalist! The human right activists! In the name of democracy! Dem bobo your mama ahahaha ahaha! For tomorrow, they make us wait Then again, we wait in vain So many troubles in the rain To make this a proper mighty change But the truth of the matter be sey Dem disguise another way To continue their crooked ways 2 Likes |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by Segeshow: 12:42pm On Apr 17, 2019 |
If you can, please leave this cursed contraption . Evil men thriving off greed and poverty . They deliberately sabotage efforts to overhaul the refineries. |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by Derajeth(m): 12:46pm On Apr 17, 2019 |
coolfredo: You're greedy.Is 3 Naira per litre profit not enough? |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by onyxo76(m): 12:47pm On Apr 17, 2019 |
So indirectly you're telling us to expect price very soon |
Re: Petrol Landing Cost Now N180 Per Litre, Says Kachikwu by grandstar(m): 12:47pm On Apr 17, 2019 |
VolvoS60: What you wrote indicates you're part of the problem. You seem to want cheap fuel. You can't have the two. Either you want the complete removal of fuel subsidy or you don't. The removal may mean the price will rise very high or not. Any expectation of a cheap price should be thrown out through the window. To have an idea how much petrol will cost, check the prices of diesel and kerosene as they are not subsidized. Dangote said that his refinery will save Otedola N26 per litre. This statement is neither here nor there as international fuel price is volatile. It's not the job of the government to build refineries. That's a private sector venture. Dangote's daily refining capacity can satisfy the entire country with a lot available for export. 1 Like |
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