This is what you get when you elect buhari for a second term..make una enjoy una change..

helinues:
600/litre?

Well I read there is another Lagos, Ogun , Adamawa, Katsina and Sokoto states in Mars... How true?

Not entire Lagos, Ogun, Adamawa , Kastina....they mean border towns in those states...

Nawa o

oldtruth:
This is totally rubbish. They sell at #200 per liter and it is not even scarce. I am commenting from Sinanwu after Ilesa Ibariba at the present

That should be in Kwara State near border with Benin Republic.

When and where did it start in lagos state cos I bought fuel this morning in Lagos at Isheri and I was the only car there at that time. No single queue

AirBagi:
I find this hard to believe, probably this person just woke up from coma and is still in 2015, bro we are in 2019 and moving to 2020 in Jesus name backward never

Mmmm you have now changed it to border, this op na God go help una, don't know if you guys survive with false controversy

Fuel goes for 600 now in those areas.

[quote author=WonderManly post=83951867][/quote]

Its on punch newspaper.

Don't FoooOOoooOOOooL urself

Minjim:
When and where did it start in lagos state cos I bought fuel this morning in Lagos at Isheri and I was the only car there at that time. No single queue

Border towns
Filling stations within 20km from the land borders

The article wasn't that long to read .

iammo:




I knew smugglers would give buhari a good fight through emotional blackmail


We the good citizen of Nigeria wish to inform ungrateful mushroom country dingbats of west africa that our subsidized fuel is no longer for their consumption

Since they see us as failure and humiliate our people in their country, let us cut our energy and power supply, and whichever Nigerian saboteur complaining should relocate to our neigboring country





..

Paid poster, fuel has risen to 600 naira per litre in those border towns

God punish buhari for this,I was just called and told the same that petrol are now sold for 600 across the state ...why na Ali

nigeria is 923,763 km² if 20km border outskirts continue to jeopardize us let them pay for it

PrecisionFx:


Paid poster, fuel has risen to 600 naira per litre in those border towns

kayusely70:
That should be in Kwara State near border with Benin Republic.

Yes

Many Nigerians on social media cannot read. If they could, those shouting 'fake news' on the first page would have known that the article is referencing border towns in the listed areas.

iammo:
nigeria is 923,763 km² if 20km border outskirts continue to jeopardize us let them pay for it

As if ur 30k BMC monthly salary can pay 600 naira per litre for fuel

helinues:
600/litre?

Well I read there is another Lagos, Ogun , Adamawa, Katsina and Sokoto states in Mars... How true?

Yes! It's true o!!!

I was in Mars when Fashola said we are exaggerating the conditions of federal roads, I nearly agreed with him but when I realized I was in another planet, I rushed down to the earth, low & behold my minister said he was misquoted.

But I know that the spirit of lie ( sorry Lai ) Mohammed has descended on him.

Octopusssy:
Many Nigerians on social media cannot read. If they could, those shouting 'fake news' on the first page would have known that the article is referencing border towns in the listed areas.

It’s a messed up situation. Basically the awoof business of selling fuel to foreigners has come home to roost

ornicus:


It’s a messed up situation. Basically the awoof business of selling fuel to foreigners has come home to roost

I will kuku soon leave this shithole for all of you

am not a BMC and dont earn 30k but if i was, i would be proud for defending our Country online

PrecisionFx:


As if ur 30k BMC monthly salary can pay 600 naira per litre for fuel

AirBagi:
I find this hard to believe, probably this person just woke up from coma and is still in 2015, bro we are in 2019 and moving to 2020 in Jesus name backward never

Mmmm you have now changed it to border, this op na God go help una, don't know if you guys survive with false controversy

Please, do they get paid by posting here?

iammo:
am not a BMC and dont earn 30k but if i was, i would be proud for defending our Country online

U are a well known BMC member.

okay then, so pay me my 30k allowance then

PrecisionFx:


U are a well known BMC member.

iammo:
okay then, so pay me my 30k allowance then

I'm not the dullard

who confirmed this news..!!!
no fake news please
meanwhile click https://lpvforum.com/affiliate-register?ref=inspiredonyeka to start making money reading news and commenting
whatsapp me https:///+2349073385801

ijewejones:
Did i read the post correctly


Six ki'ni


These ember month go red wella..price hike shooting through from rice to fuel & the next..(we never know)

u mean to say red for u?

helinues:
600/litre?

Well I read there is another Lagos, Ogun , Adamawa, Katsina and Sokoto states in Mars... How true?

Sure you’re not suffering from dyslexia

Kanade21:
As stated elsewhere....remove fuel subsidy, allow marketers to set the price, and watch as all this smuggling ceases.

Because fuel costs
N386 in Cameroon.
N328 IN Benin
N350 in Niger
So, why won't a smuggler buy fuel at N137 from depot and smuggle it across the broder...

If subsidy goes, the smuggling would go too.

how many times will they remove subsidy?
if not , what was the reason given for the increase from N87 to N145

bigfish3k:

how many times will they remove subsidy?
if not , what was the reason given for the increase from N87 to N145

Well, here is the explanation

At the time , in 2016, fuel was selling at N87 per liter., meanwhile it cost N132 to import that one liter of fuel.
Also in 2016, as oil prices were now at $30 per barrel, the revenue for paying for subsidy was also very low.

So, government raised the price to N145, thus ending the subsidy..for then...till import costs shot up to N150, then 200 per liter today.
What government does now, is have NNPC import fuel at N200, sell at N137 to depot..and pays NNPC part of the difference, while NNPC makes up the rest.

And that is why fuel is at N145 per liter.

As for why we cannot improve refining capacity

1.Danogte is building a refinery...as are two other guys.

2.Most people don't want to build refineries because the cost of refining one liter of fuel here in Nigeria is more than N145. (Even Dangote is looking to exporting to make up any loss from selling fuel at home).

NOTE

GEJ did something similar...in 2011...raising fuel from N65 to N140, with a landing cost of N99 per liter before protests caused him to knock it down to N97 and then to N87...while landing costs kept on rising.

Kanade21:


Well, here is the explanation

At the time , in 2016, fuel was selling at N87 per liter., meanwhile it cost N132 to import that one liter of fuel.
Also in 2016, as oil prices were now at $30 per barrel, the revenue for paying for subsidy was also very low.

So, government raised the price to N145, thus ending the subsidy..for then...till import costs shot up to N150, then 200 per liter today.
What government does now, is have NNPC import fuel at N200, sell at N137 to depot..and pays NNPC part of the difference, while NNPC makes up the rest.

And that is why fuel is at N145 per liter.

As for why we cannot improve refining capacity

1.Danogte is building a refinery...as are two other guys.

2.Most people don't want to build refineries because the cost of refining one liter of fuel here in Nigeria is more than N145. (Even Dangote is looking to exporting to make up any loss from selling fuel at home).

NOTE

GEJ did something similar...in 2011...raising fuel from N65 to N140, with a landing cost of N99 per liter before protests caused him to knock it down to N97 and then to N87...while landing costs kept on rising.

from ur write up
low crude price didnt favour us
high crude price didnt favour us...

what is the way out or are we going to continue economic rigmarole

hmmmm

bigfish3k:


from ur write up
low crude price didnt favour us
high crude price didnt favour us...

what is the way out or are we going to continue economic rigmarole

Remove subsidy, suffer high prices for a few years, but meanwhile, it would become worthwille for more people to build refineries, earn profits, which lead to icnreased production, and eventual low prices.

[quote author=Four4Clien post=83954744]someone should confirm or deny this pls, i want to know if its true





.....



Its true oooh, currently am around Idiroko area

Fuel is like gold over here, all filling station are closed...