Babzrockman:


We need more people of your mentality as Nigerians. We need to patronize our own to fight this dollar

You are just being conventional, if you are observant it is when govt increased list of contra bands and close border Naira depreciated the most

One annoying thing about local producers in Nigeria, An hike/increase in price has a corresponding reduction in quantity and quality of the product .

Its not just enough to say people should patronize local products, do these products meet standard & customer satisfaction, even the price margin between foreign and the local product is it enticing enough

Kokadomfreedom:
After commissioning this refinery last year during Buhari's regime, it is one rhetoric or the other we keep hearing without anything to show.

anything to show?

you get money for 1 million liters diesel? you no see diesel buy

poor

This is why a monopolistic economy is bad, imagine we have one in South South and one in the North, nobody will be thinking of cheating Nigerians by a way of useless price fixing.

Babangidapikin:
Proposed ke, let him sell at what is profitable to him and his company... Buy Nigeria products you na go dey do shakara ... Glo crash MTN .. Air Peace don crash that yeye Proposed National carriers price ..Messr Dangote Refinery don crash Diesel price ...Buy made in Nigeria products... Nigeria products don't bite your pocket ...

Na only for Newspaper desiel price crash oo

What about 100 naira

eddyline:
If 550 is what they are proposing to Dangote, then it means that there wont be much difference in price at all.

im telling u.who buy fuel 650 go buy am 550.

lavylilly:
They won't do because FG has a share in dangote refinery

A lot of modular refineries are coming up , one is in imo state, another in Edo state etc. Check out modular refineries in Nigeria.

Nazgul:
Haba, N550 is too much na. NNPC in Lagos is currently selling at N568 so what's the difference between N550 and N568. Barely N18.

They should propose from N400 and below. Anything outside that would not really make any difference.

Don't mind those rogues, all they care about is there greed pocket

How they try to undermine missing "Freight cost" on local refined product is ludicrous

KEVIND:
Why is Dangote not helping Nigeria drive down the price of petrol & diesel just like Allen Onyema of Air peace is doing in the Aviation sector.
Pls Aliko Dangote help Nigerians by dropping the price to at least 300 Naira for petrol & 700 for diesel.
Thank you

Air peace crashing price, is only temporary. Wait till they build customer base that’s when you will see their real price.is it not thesame Air peace that their local flight ticket is the most expensive we are talking about.

So you currently lift at 568 we now have a local provider where your logistics cost goes down considerably and you are suggesting 550 as lifting cost? something is fundamentally wrong with these thieves. you can get the price lowered but you choose to have it high? they do not mean well for Nigerians at all...! greedy brood of vipers whose doom is looming.

free2ryhme:


How is it that buyers tell the seller how much the product should sell.

Did these buyers tell him how much he should pay for refinery construction

if imported fuel sold by NNPC is currently 568 is it not common sense that local refined fuel should sell at a significant price margin

Since petroleum decides Nigerians fate to a larger extent its not out of place if people get involved. we need more people like Air peace and Bovas in Nigeria

Blaze14k:


Am afraid dangote can't go that low cos he has so many stakeholders in that company

why should it be about stakeholders, is it not prime cost + total relative cost that decides "selling price"

iamtoofan:



why should it be about stakeholders, is it not prime cost + total relative cost that decides "selling price"

There's alot of secrecy in regards to what is going on. We hope they get exposed someday. Same dangote that fought ibeto cement is now importing crude from United States.

Blaze14k:
I noticed a foul play when fg borrow $3billion in exchange of crude oil for a period of time

Our leaders are all rogues. They care only about themselves and not the masses.

Acidosis:


They're proposing N550 to Dangote, not you. You think they're buy at N550 from Dangote and sell to you the consumer at N550?? Hehehe


Nigerians sha. The same Dangote wey una dey insult everyday over the price of locally-made cement, sugar, etc. has suddenly turned to una saviour. LMAO.

Whatelse will you call a Man that has done what govt portray as Mission impossible (refinery) for the past 40yrs

Is that even possible ? Is 550 not subsidized price?
Who will pay for the subsidy ? Govt?

LordAdam16:


It'd be funny if it wasn't so sad.

Dangote can sell to literally anybody on the planet.
His refinery is right on the shores of Lagos. Load and go.

But somehow they expect Dangote to sell below the current international rate when even Benin Republic will buy at higher prices.
Everybody sells something. It could be goods for profit or services for salary.
Yet, for whatever reason, they expect someone else to do something they'd never do.
Sell below cost price when there's literally a litany of buyers who are fighting to pay the going rate for your goods.

-Lord

IF foreign Fuel is sold @ 568 by NNPC, please elucidate why dangote fuel shouldnt sell below #500

This is still very high.

Who knows how much Independent Marketers will now be selling to Nigerians

Blaze14k:


There's alot of secrecy in regards to what is going on. We hope they get exposed someday. Same dangote that fought ibeto cement is now importing crude from United States.

I agree there is lots of secrecy and conspiracy in play, But Nigerians know they are the only ones that can stop these people ... we must not just swallow everything they drop at us

Let Dangote give us COST incured and show workings of whatever Price he arrives, nobody is against him making profit

PMB's administration?

Please can you substantiate this with evidence

frankputer:



Have you forgotten that your
The last administration collected loan in USD,
With a promise to pay back with crude oil for a period of some years. ?
So you don’t know what have been going on ?
That’s why Dangote need to catch/level up by importing

iamtoofan:



You are just being conventional, if you are observant it is when govt increased list of contra bands and close border Naira depreciated the most

One annoying thing about local producers in Nigeria, An hike/increase in price has a corresponding reduction in quantity and quality of the product .

Its not just enough to say people should patronize local products, do these products meet standard & customer satisfaction, even the price margin between foreign and the local product is it enticing enough

I agreed with u sir.

My own be say we dey beg retailers to reduce price price of goods

Nazgul:
Haba, N550 is too much na. NNPC in Lagos is currently selling at N568 so what's the difference between N550 and N568. Barely N18.

They should propose from N400 and below. Anything outside that would not really make any difference.

You are looking at it from the micro aspect, look at it at the macro aspect

Paraman:
I know someone working at the Dangote refinery, and he said the refinery will start working in 2026

so the one wey dey work now na which refinery?

iamtoofan:



IF foreign Fuel is sold @ 568 by NNPC, please elucidate why dangote fuel shouldnt sell below #500

NNPC subsidizes gasoline.
The real cost on the international market is higher than 568.

If Dangote sets a flat rate of less than #500 in an open market, buyers from outside Nigeria will buy everything for the next 2 years.
They'll load at his refinery, move the gasoline to Apapa Port or across to Cotonou, and ship outside Nigeria at international price with huge profit margins.

It'd be the equivalent of opening a sachet water outlet and deciding to sell at N5 per sachet and N90 per bag.
You'd never have it in stock because outsiders will come with cash and speak for everything you'll produce right from the factory floor.

-Lord

nellybadas:


Without anything to show how? Lol
Diesel was released last week.
Same for jet Fuel.
People wen no want nigeria to work really plenty o. God abeg.

You don see diesel buy for ₦1225? If yes where?

SalamRushdie:

Na only for Newspaper desiel price crash oo

Jah bless. I don dey ask sey who don buy diesel 4 ₦1225 nobody at all lol.

Khyrvxjzy:


anything to show?

you get money for 1 million liters diesel? you no see diesel buy

poor

Lame

Where Dem dey sell diesel ₦1250 ?

Give us the location.

KingKO22:
Glory be to God

🤯😂😂
God has abandoned Nigeria

Nazgul:

If independent marketers are proposing to by at N550 from dangote, how much would they sell to consumers? NNPC is currently selling at N568, if independent marketers begin to sell within that range, would you say the refinery benefits the common man?

NNPC price is a subsidize price

LordAdam16:


NNPC subsidizes gasoline.
The real cost on the international market is higher than 568.

If Dangote sets a flat rate of less than #500 in an open market, buyers from outside Nigeria will buy everything for the next 2 years.
They'll load at his refinery, move the gasoline to Apapa Port or across to Cotonou, and ship outside Nigeria at international price with huge profit margins.

It'd be the equivalent of opening a sachet water outlet and deciding to sell at N5 per sachet and N90 per bag.
You'd never have it in stock because outsiders will come with cash and speak for everything you'll produce right from the factory floor.

-Lord

Its convenient to cite fuel subsidy, funnily no on one knows how much fuel should cost without subsidy, do you know ?

i know fuel is an "international commodity" meaning it has a nearly Universal price BUT Regardless freight and duties are one major cost that can not be undermined esp. when ruled out

No one is saying Dangote shouldnt make profit, but the beauty and essence of local production is an "Alluring Price" it must be cheaper