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Nairaland Forum / Nairaland / General / Politics / Why We Can’t Sell Petrol At 125/litre – Marketers (58091 Views)
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Re: Why We Can’t Sell Petrol At 125/litre – Marketers by born2begreat(m): 4:14pm On Mar 20, 2020 |
These marketers are stupid borners, bastard childers... If the price is increase you won`t even understand how and when their sign board changed. Islie: 1 Like |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by foolbuster: 4:18pm On Mar 20, 2020 |
semyman: All i see is name-calling probably because you don't know sh*it. Otherwise there is no reason why you simply can't state your points. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by benitwater(m): 4:18pm On Mar 20, 2020 |
Bought it for #125 per litre, yesterday evening at oando filling station somorin Abeokuta. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by nextstep(m): 4:19pm On Mar 20, 2020 |
For those complaining, reason this: You already bought your inventory at the higher price weeks and months ago. Some are in your tanks, and some are futures contracts (where you promise to buy at a given price in the future). Government comes along and says you should sell at a lower price. Why should you agree? Would you accept it if you were selling foodstuffs? What about if you were selling building materials? Why should petrol marketers be exempt from common business sense? Is the government going to refund them the difference in cost at which they bought their supplies? NNPC is selling at 125... of course they've already paid the higher price to offload those tankers weeks and months ago. So government is going to have to absorb the difference someplace. They won't say it, but otherwise where would that money come from? Perhaps from a loan in the future, or higher taxes, but dammit, Nigerians will pay for it one way or the other. If you don't want to buy at 145, go and spend 3 hours in queue at NNPC. Those three hours lost could have been spent making money (eg. for transporters). Time is money, and money buys you time. 1 Like 1 Share |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by foolbuster: 4:21pm On Mar 20, 2020 |
omlueh: That is not the point here. everyone is in business to make profits not make loses. You guys are targeting the wrong party here. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by sulaak(m): 4:21pm On Mar 20, 2020 |
TylerDurden:During the recent CBN summit on Growth 2.0, Dangote said that Nigeria spent $49 billion on import, I was confused. What are we importing? it now obvious that the government has continue to subsidies fuel import. So who are they paying the subsidies to? |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by SirBunky85(m): 4:32pm On Mar 20, 2020 |
TylerDurden:senseless |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Euegene100001: 4:35pm On Mar 20, 2020 |
Fvck u all. You can clearly see it’s not only Buhari that’s Nigeria’s problem most Nigerians are Nigerians problem .When it was increased from 87 naira to 145 naira in less than a slit seconds prices when up. Now reduce price stories don enta |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by omlueh(m): 4:36pm On Mar 20, 2020 |
It is the point right away, if the government had increase the price, and many entrepreneur/ business owners ho uses fuel to run their business so as to make profits not making losses also, will the marketers ever considered that they have old stock still available so that the different business owners can adjust before they buy new stock and effect the new increment or they will instantly increases there pump price irrespective if the end users suffer the lost, please let us put on our sense of reasoning abeg. foolbuster: |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by omlueh(m): 4:37pm On Mar 20, 2020 |
It is the point right away, if the government had increase the price, and many entrepreneur/ business owners who uses fuel to run their business so as to make profits not making losses also, will the marketers ever considered that they have old stock still available so that the different business owners can adjust before they buy new stock and effect the new increment or they will instantly increases there pump price irrespective if the end users suffer the lost, please let us put on our sense of reasoning abeg. foolbuster: 2 Likes |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by dontrulee: 4:39pm On Mar 20, 2020 |
TylerDurden:Guy you get sense jare. ordinary folks won't understand your explanation. kudos to you. 1 Like 1 Share |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by tiredoflife(m): 4:39pm On Mar 20, 2020 |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by foolbuster: 4:42pm On Mar 20, 2020 |
omlueh: Have you ever heard of an increase in petrol price without a corresponding follow up in the increase of goods and services? It is up to the entrepreneurs/business owners who use fuel to run their business as you said to increase their prices which they always never fail to do. No business operate to incur loses. Let us not allow our selfishness cloud our sense of reasoning abeg because we want to buy cheap petrol at all cost irrespective of what it does to those selling it.. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by israelmao(m): 5:03pm On Mar 20, 2020 |
There was never any reason not to sell higher. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by TylerDurden: 5:07pm On Mar 20, 2020 |
sulaak: Right now, the CBN is claiming a loss in importing and supplying fuel. They are claiming that we consume 50 million litres a day which they say they are subsidizing by as much as 30-40 naira per litre. That is approximately 2bn per day. When crude peeked above $60, the NNPC claims to pay more! Now that crude is below $30, one would have expected the NNPC to consolidate and not continue to maintain the subsidy regime. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Nobody: 5:08pm On Mar 20, 2020 |
Next filling station I will buy fuel,i will wait until they finish dispensing then I will pay for the liters at N125, if they like we go to police station and they will tell me why they should disregard federal government directives. Stupid people |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Dollabiz: 5:10pm On Mar 20, 2020 |
Nonsense |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by otokx(m): 5:17pm On Mar 20, 2020 |
The 3 NNPC petrol stations in my area are still selling at 143, people are now asking if really they are NNPC stations. Tomorrow some Nigerians will want me to say Buhari is a failure but I will not ![]() |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by deavicky(m): 5:18pm On Mar 20, 2020 |
Imagine the nonsense, but they had increased the price they would start selling it immediately. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Done2009: 5:18pm On Mar 20, 2020 |
Don't mind them, if government increases price of fuel 12am; you'll see the effect on pumps over the length and breadth of naija latest 12.05am, the super profit variation I beg whom did they give it to, end user or government? I beg that's suppose to be their own share of downtime of naija economy. They have been exploiting us, its our turn. Let's everybody patronises approved price stations and see if they can survive after 5days of no sales. 1 Like |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Zagee: 5:20pm On Mar 20, 2020 |
For you all bashing the marketers. Y'all realise it's business they run not charity organisation... Again, your gov't failed..!!! |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Bimpe29: 5:30pm On Mar 20, 2020 |
I just bought fuel at NIPCO along airport road, Kuchingoro, Abuja at #145/liter. Same was my experience yesterday at Nazeed Petroleum, FHA Lugbe, Abuja. The attendants bluntly replied when asked why they have not adjusted their prices. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by otokx(m): 5:32pm On Mar 20, 2020 |
Done2009: Where are the approved price stations? |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Felalucky8(m): 5:36pm On Mar 20, 2020 |
The heart of blacks mostly Nigerians are as black as they are |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by BettyBlac: 5:42pm On Mar 20, 2020 |
Maxymilliano: 1 Share
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Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Chrisog: 5:59pm On Mar 20, 2020 |
Why is it that we don't respect our law and voice of our president? What is wrong with oil marketers? Well! what is my biz. I stay at home for good to avoid contact to persons with Covid19. They can do their village thing. For quality and natural honey contact me on WhatsApp +2348065864843, or call same nunber, or +237650980551 |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by COMPAQ(m): 5:59pm On Mar 20, 2020 |
kelvincoll: That is why the damned thing should simply be deregulated to avoid this sort of thing. The reality though is that they have a point and have done nothing wrong. In my short time in the US, I have observed that when prices rise, petrol stations adjust prices upwards quicker then when prices come down. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by GoldHorse(m): 6:01pm On Mar 20, 2020 |
Oloriburuku ni awon people sha!!!!!!!! And e no go better for all of una, walahi! I repeat e no go better for all of una!!!! Verry selfish bunch of people. We need more curses directed at these people!!!!! |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Nobody: 6:02pm On Mar 20, 2020 |
When there is an upward review of price, these wicked marketers never think of their old stock. In fact, they deliberately hoard their old stock and subject us to scarcity if they even hear a rumour of upward review. Now that there is a downward review, they remember that there is something called old stock. The FG should send soldiers to man the pumps and any marketer not selling his fuel at N125/litre should be forced to give out his 'old stock' of petrol free to any passer by who wants it. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by Reference(m): 6:03pm On Mar 20, 2020 |
OlujobaSamuel: You ignored the second part, liberalisation. Just like what is happening with power, it is controlled by a few who are not in competition. That is why. Essential commodities of which fuel is a part must be pure market driven enterprises to extract the full benefits. No matter how much deregulated the carrot market is, if you cannot get as many people cultivating and selling carrots prices will remain under control. The more people that produce carrots the lesser the tendency for them to meet and agree on how much carrots should cost. And to get a lot of people interested in cultivatung carrots you have to deregulate the carrot market to attract them in the first place, Deregulate simply means removing the lid and the base of the profit container, no limits. 1 Like |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by happiness100: 6:07pm On Mar 20, 2020 |
Hope this reduction of petrol price will have efect in our transportation fee? Because once there is increase in pertrol price, the transportation fee will be authomatically be increased.may God tourch the heart of our drivers. |
Re: Why We Can’t Sell Petrol At 125/litre – Marketers by PHijo(m): 6:08pm On Mar 20, 2020 |
kikero: Ijaw communities where most of these oil comes from don't enjoy the subsidy! We ALWAYS buy above the 'official price'. |
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