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Nairaland Forum / Nairaland / General / Politics / Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days (19165 Views)
Fuel Price Hike: Oil Marketers Rake In Over N21.8bn Daily / Fuel Crisis Looms As Private Depot Owners Raise Prices — IPMAN / Lagos, Rivers, Akwa Ibom Lead In N4.19tn Subnational Domestic Debts (2) (3) (4)
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Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Islie: 10:34am On Sep 05, 2020 |
…sell old stocks at new price Following the increase in the price of the Premium Motor Spirit (PMS) known as petrol by the Pipelines and Products Marketing Company (PPMS), some fuel depots and retail marketers have raked in over N4.2 billion from profiteering in the first three days of September, selling old stocks of petrol to Nigerians at a new price, Saturday Telegraph investigation has revealed. With an average daily profit of N1.4 billion daily the two major stakeholders in the value chain, checks by Saturday Telegraph showed, took advantage of the controversial announcement of price advisory for September to surge their profit margin. NEW TELEGRAPH
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Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Imadeliz: 2:06pm On Sep 05, 2020 |
If you compare what you classified as "evil" in GEJ's government with what is presently going on this current administration, will you in all honesty think the past administration was truly "evil" you you termed it? 13 Likes |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Officialgarri: 2:06pm On Sep 05, 2020 |
That's capitalism ![]() If we had listened to Sanusi on his reasons why subsidy should have been removed, we will not be here today complaining. kikero:You know you can't really blame us. There was too much evil in that government that we began to mistake even the goods as evil in disguise 36 Likes 1 Share |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by ABBkelvin(m): 2:06pm On Sep 05, 2020 |
97.28% of Nigerians are dumb and low value individuals. 49 Likes 1 Share |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Bloghomies(m): 2:06pm On Sep 05, 2020 |
Despite being one of the top producers of oil, yet we can't even maintain a standard pump price. Anyway, check my signature for some lucrative business ideas 3 Likes 1 Share |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Kabir5643(m): 2:06pm On Sep 05, 2020 |
Damn Niggarrrrrrr Isoright |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Thankgod2020: 2:06pm On Sep 05, 2020 |
Alright... Business as usual for them. Get a custom built website for seven thousand naira only. This covers cost of domain, hosting and business emails. Send a what's app message to 0907,897 9110 |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by HAROLDWILSON: 2:06pm On Sep 05, 2020 |
FTC NONSENCE 1 Like |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Timekeeper: 2:06pm On Sep 05, 2020 |
Wicked soulz This is what they have been looking for.... This korntree sef 8 Likes 1 Share |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by RaptObserver: 2:06pm On Sep 05, 2020 |
Capitalism at its best 16 Likes 1 Share |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Madibah(m): 2:06pm On Sep 05, 2020 |
Holy shit 2 Likes |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by morikee: 2:06pm On Sep 05, 2020 |
Nigerian Marketers for you, very greedy and heartless set of people. 9 Likes 1 Share |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by BeeBeeOoh(m): 2:06pm On Sep 05, 2020 |
![]() ![]() The very day I'll catch that angel that sent me to Nigeria ![]() 16 Likes 1 Share
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Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by jamata20: 2:07pm On Sep 05, 2020 |
The labour of our heroes past Shall never be in vain Soon this wee be the new means of transportation ![]() 3 Likes 1 Share
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Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Nobody: 2:07pm On Sep 05, 2020 |
Bad, bad news 1 Like |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by SweetJoystick(m): 2:07pm On Sep 05, 2020 |
Not bad, they made loss too when it was reduced few months ago. Their luck......it doesn't mean i support the new price anyway. 4 Likes 1 Share |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by sammyj: 2:08pm On Sep 05, 2020 |
![]() ![]() 1 Like |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by piagetskinner(m): 2:09pm On Sep 05, 2020 |
God forgive me but these people are bastards oo 3 Likes |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by dingbang(m): 2:09pm On Sep 05, 2020 |
I pursued all my girlfriends out from my house so that I can minimize fuel usage. 1 Like |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by mcmbonu: 2:09pm On Sep 05, 2020 |
J |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by 4four(m): 2:10pm On Sep 05, 2020 |
T |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by tot(f): 2:10pm On Sep 05, 2020 |
Smh. Nigerians are really in for it. One of the zombies up there is already using "if we had listened to Sanusi", instead of facing who he should face. Your "if we had" has only just started. Welcome to CHANGE, dear Nigerians. 9 Likes 1 Share |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Brushstrokes20: 2:10pm On Sep 05, 2020 |
Dammmmmmmmnnnn it!... Can the shithole ever get worse than the status quo?... Nig never had it this bad! 1 Like |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by ahiboilandgas: 2:11pm On Sep 05, 2020 |
Islie:who told u the 1500 trucks will be sold within minute of leaving the depots.... |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by MrLacoste4: 2:11pm On Sep 05, 2020 |
it's alright... we go dey alright las las |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Nobody: 2:11pm On Sep 05, 2020 |
morikee: And who is the petroleum minister again?? 4 Likes |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by Johnnoo(m): 2:11pm On Sep 05, 2020 |
This is occasioned by lack of efficient pricing system. Depot owners ripping off their customers...so sad ![]() 1 Like 1 Share |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by oka4ugoo: 2:12pm On Sep 05, 2020 |
Life finally don balance for this country. Let every Mallam carry im own kettle. Simple!!! 1 Like |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by GreaterFuture1(m): 2:12pm On Sep 05, 2020 |
Lol |
Re: Fuel Price Hike: Depot Owners, Marketers Rake In N4.2bn Extra Profit In 3 Days by favor914: 2:13pm On Sep 05, 2020 |
Imadeliz:Good news more investors will come into the market now, since it has been deregulated. 3 Likes |
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