Rippers everywhere

Ikaeniyan0:
The Private petrol stations needs to start leasing out their petrol stations to the NNPCL, so that they won't be run out of business.

Problem is, there are so many of the petrol stations in a particular area. Surely, there must be limit to what NNPCL/Oando/Total can take in a particular area. Similar to how bet9ja and the likes operated few years back. Those who leased theirs to NNPC earlier before now will be lucky.

frowland:


Problem is, there are so many of the petrol stations in a particular area. Surely, there must be limit to what NNPCL/Oando/Total can take in a particular area. Similar to how bet9ja and the likes operated few years back. Those who leased theirs to NNPC earlier before now will be lucky.

The ones who leased out their stations earlier are very lucky.

When the people's purchasing power has been reduced ,their demand will ultimately be reduced. We are now adjusting to real life situation in the country. Everybody must be cost cautious . I travelled to Europe many years ago where I noticed how cautious people were when it comes to their expenses .
A friend wanted to use another person's van and he volunteered to fuel it. I was wondering what was wrong with them not knowing that they were facing the reality of life.
Nigerians are welcome to operation structural economic adjustment ..

With the value of the naira to dollar, the petrol price can never come down unless the fx rate changes in favour of the naira. Demand and supply have nothing to do with the price as marketers cannot sell below their cost price.



When I read ignorant people shout deman and supply I laugh.

jumper524:
nope.
Na the calibrator converter cos because of excess demand. Na just 35k. Workmanship just dey like every mechanical work for generator, in less than 10min, its fixed.

na for car I dey talk o

https://www.youtube.com/watch?v=pIFjKYNbtQY

Babzrockman:
IPMAN una well so. It is better u guys adjust your widemouth in profit and abide by market forces. As demand low, reduce price na

don't mind them.

The higher the price the lower the demand. The law of demand is a fundamental principle of economics that states that at a higher price, consumers will demand a lower quantity of a good. Demand is derived from the law of diminishing marginal utility, the fact that consumers use economic goods to satisfy their most urgent needs first.

Babzrockman:
IPMAN una well so. It is better u guys adjust your widemouth in profit and abide by market forces. As demand low, reduce price na

Don’t mind then since they are being milking us all this while dem no complain , make all of us Dey carry the cross now

Kukutenla:
Wow
I just got information that some schools in Lagos only run on Mondays and Tuesdays due to the teachers being unable to afford to come every day of the week.
With 133m people poor
Business shutting down
Are we not in Venezuela already?

God won’t allow us to be like Venezuela , if they have taken extreme measure and remove subsidy on their fuel their country wont be bankruptcy like it is now , now the federal government can conveniently pay workers salaries , everyone just need to adjust , I hope Tinubu open border for food to come in , life doesn’t revolve around Petrol alone

favor914:
Oblivious Obidient Umueme Mumurist, legislation that was passed into law in 2021 by you, is what you are blaming President Bola Tinubu for?

You're a big fool if you didn't read what I was replying too, before opening your mouth like a crocodiles. Oponu

crixlight2:

God won’t allow us to be like Venezuela , if they have taken extreme measure and remove subsidy on their fuel their country wont be bankruptcy like it is now , now the federal government can conveniently pay workers salaries , everyone just need to adjust , I hope Tinubu open border for food to come in , life doesn’t revolve around Petrol alone

Same FG that wants to borrow money to pay 8k can conveniently pay salaries?
You people just keep shouting Venezuela to scare people into submission. Venezuela still had higher purchasing power than Nigeria.
The main problem with Venezuela was lack of local manufacturing which Nigeria suffers from as well. Can you tell me how subsidy removal till boost local manufacturing?

Ikaeniyan0:
Subsidy is gone

Yes we know....

Without any sense, or so-called planned cushioning but 8k palliative....

SMH

Ikaeniyan0:
I'm not responsible for how horrible your life is

Horrible and hard life is transgenerational in your lineage


It keeps getting harder as your next unfortunate offsprings come

bionixs:
Horrible and hard life is transgenerational in your lineage


It keeps getting hard as your next unfortunate offsprings come

You're the one crying bitterly about my comment as if nah me make your life to be useless.

Manson1:
Less than two months with Tinubu as president, Nigeria has already gone from bad to worse... We warned them!!!

See our just concluded 3bedroom bungalow construction if you're about starting your building project.. Link in my signature. Plus we offer building designs and construction services nationwide

I knw say people like u will soon come out and talk rubbish and it happened

Kukutenla:

Same FG that wants to borrow money to pay 8k can conveniently pay salaries?
You people just keep shouting Venezuela to scare people into submission. Venezuela still had higher purchasing power than Nigeria.
The main problem with Venezuela was lack of local manufacturing which Nigeria suffers from as well. Can you tell me how subsidy removal till boost local manufacturing?

So do you propose that the subsidy payment should return

crixlight2:

So do you propose that the subsidy payment should return

Of course. At least till we start to refine locally

Ikaeniyan0:
You're the one crying bitterly about my comment as if nah me make your life to be useless.

don’t disturb your empty head , I didn’t read the poo you would likely drop as a reply

SamboAnguissa:


If you know the dark forces and demoniacs that are usually in charge of these things in Nigeria, just expect the cng price to skyrocket very soon. Nigerians are the problem of Nigeria.

At least CNG is locally sourced. It won't be as worst as petrol

bionixs:
don’t disturb your empty head , I didn’t read the poo you would likely drop as a reply

You're a fraustrated person

I'm not the person that made your life useless please

Biodun556:


At least CNG is locally sourced. It won't be as worst as petrol

Bro the problem is not where it's sourced from. Even if it's sourced locally at 3naira per unit, the devil in an average Nigerian that makes him want to exploit others and make life unbearable for others will make him jerk the price up to 500 naira retail price the moment he knows people really need it. Wickedness is a virtue to an average Nigerian.

Marketers thieves. Subsidy is gone. You enjoy the little profit you gain like other businesses. No kobo from government to you.

Bobloco:


https://dailypost.ng/2023/07/19/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu/

This bozo is begging Tinubu to go back to subsidy.

Manson1:


Will u keep quiet!!!... Or u think what's going on in Nigeria now is for idiots to come and make useless assertion on? The problem is u ppl never learn and seems u enjoy been tortured... Don't dare come in my mention with baseless opinion's especially on things u have no idea on. Rubbish

Frustration has hitting deep in this one. Sorry

Kukutenla:


Of course. At least till we start to refine locally

So you think Tinubu, Atiku and Obi that said Subsidy payment is not good for our economy are wrong?

crixlight2:

So you think Tinubu, Atiku and Obi that said Subsidy payment is not good for our economy are wrong?

Very wrong.
Subsidy is good for any economy. The US has over the past ten years paid over 500bn subsidy to their agric sector to keep food prices low. Same US has also paid over a trillion to oil companies to exploit oil in federal lands to increase US oil reserve which is the largest in the world.
The UK heavily subsidises its health sector through the NHS. Same with its transit sector which is why it's farcheaper and easier to move around UK with public transport than private.
These countries can't be doing something wrong and still be better off than us.
And let me not start on China and subsidies.

This must be fake. It doesnt make sense

Tinubu doesnt set pump price
Profitability? Abi they don't know economics. If demand is low, reduce price to increase profitability.

gigabyte13:
Marketers are affected by this subsidy removal.....
Really........
So na una dey enjoy subsidy.....
We go see who go last laugh
Shey una say una get craze
Una craze don jam antidote.

don't mind them, dem never see anything