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Nairaland Forum / Nairaland / General / Politics / Only NNPCL Can Buy Dangote Petrol – IPMAN (19943 Views)
NNPC Lifts Dangote Petrol, Sells At N897/litre / Dangote Petrol Supply: FG May Slash N6 Trillion Fuel Import / Bad Fuel: Inland Depots Yet To Receive Clean Petrol - IPMAN (2) (3) (4)
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Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by aviara: 9:05am On Jul 29 |
If landing cost is N1117 per litre that means this govt still pays subsidy. So Tinubu lied when he said subsidy is gone. 1 Like |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Kukutente23: 9:06am On Jul 29 |
nairalanda1:I don't see why Dangote can't get crude cheap to moderate retail prices as is being done by the likes of Aramco, Gazprom and Petrobas 1 Like 1 Share |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by komzy589(m): 9:07am On Jul 29 |
Faiththatworks:All this time, you think Tinubu doesn’t know this. Dangote refinery is going to reveal alot of underground stuff going on here. Just watch. 1 Like |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by BigTableShaker(f): 9:09am On Jul 29 |
kennyz247:We are not serious at all. The subsidy money for just one month can build a working refinery. Why can't FG build that refinery? So that Nigeria can have ,,"Crude + Refinery" = Cheap Petrol for all. Why Malta? why imports? why! ![]() |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by loswhite(m): 9:10am On Jul 29 |
davodyguy:lol this is the funniest thing I have ever read…NNPCL has spent 25 billion dollars on turn around maintenance on our local refineries and yet those refineries has not refined a single crude for many years ….lol. For almost 20 years you have been importing fuel and suddenly you are worried about monopoly…smh. The truth is this statement “ NNPCL knows what they are saying about dangote” shows you are one of the dumbest human on earth…lol. NNPCL have the opportunity to make our refineries work to save us from the so called monopoly but they choose to import fuel while spending 25 billion dollars on refineries that still cannot produce fuel till date. 2 Likes |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Timmi: 9:12am On Jul 29 |
Asonaijaaso: DR is not asking to be the sole source for refined product just like DR didn’t ask to be sole source for diesel. DR supplied diesel and crashed the market, hence it’s up to the marketers to import or be purchasing it from DR. We’ve seen the effect of DR on diesel, but we are playing games with petrol because some cabals that are and have been benefiting from subsidy didn’t want DR to enter into the competition and crashed cost of petrol. The same IOC that we are selling crude oil to, are they not same company that we are buying refined oil from? So your argument didn’t hold any water. Let them keep deceiving you while you are deceiving yourself also. We, Nigerians are the one loosing, DR is not loosing at all. DR is buying crude from overseas and has willing buyers within the Africa continent. It’s unfortunate that the main purpose for setting up the refinery is been defeated not by outsiders, not by colonial masters but same Nigerians and denying the common man of buying petrol at reduced prices. 2 Likes |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Asonaijaaso: 9:18am On Jul 29 |
Timmi: I know the Nigeria government doesn't not have clean hands, neither am i foolish enough to think DR will sell us cheaper petrol. They are both using Nigerians as pawns to enrich themselves. If DR has other buyers in Africa, lets see him perform Magic. Let him sell to Benin republic/Cotonou at a cheaper price, let him prove us all wrong. 1 Like |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by wizelink(m): 9:22am On Jul 29 |
It's clear that there are cabals that have milking Nigeria and want to frustrate dangote. His refinery would jeopardize their freebies |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Timmi: 9:22am On Jul 29 |
Asonaijaaso: Listen, haven’t DR proof it by crashing diesel from 1700 to 1100? What other proof do you want, and by the way DR did same for jet fuel. Like I said keep deceiving yourself and be a pawn in the hand of cabals stealing our collective money through subsidy. Just give DR two months, and you witness petro shipment to neighboring countries in Africa. By the way, DR will also be listed on the NSE for people like you to be part owners of this great company. 1 Like |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by booz(m): 9:25am On Jul 29 |
If anybody thinks Dangote refinery being operational would reduce fuel price, then you're a joker! What did he do with his cement and fertilizer plants! Importing cement is far more cheaper than buying locally produced ones! |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Sannisege: 9:30am On Jul 29 |
ivandragon:It wasn’t BAT who mortgaged your oil stop misinformation. As per CNG, it’s not bad if the government finds alternatives to PMS such as CNG and electric cars. |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by TEYA: 9:30am On Jul 29 |
Asonaijaaso:Oga, if not for anything, the fact that his refinery is bigger than the three useless national embarrassments you call refineries and is guaranteed to produce tons of jobs is enough reason for you and me to rally round Dangote and make his refinery work! Dangote is a business man, Dangote is a business man who said he is a business woman or child? Why is NNPC trying to destroy that refinery and perpetuate petrol importation? 1 Like |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Niceme2020: 9:32am On Jul 29 |
Landing cost of Diesel was around #1,600 when Dangote rooled out Diesel at #1,100 or so. Dangote can sell petrol at around #700, while filling stations can sell below #800,I think that is still manageable as far as subsidy payment is completely gone and fuel is available. |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Inspirer1: 9:41am On Jul 29 |
naijaboy756:abi, i had to ask the rhetorical question. |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Rupertek: 9:46am On Jul 29 |
And you are prepared to be buy fuel at 1200 naira per liter? Chinkoalhaji34: |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Chemlite: 9:46am On Jul 29 |
The N1,117 landing cost of petrol is far above the pump price of the product in Nigeria. Currently, the pump price of petrol is between N660/litre and N800/litre, depending on the area of purchase. Technically, subsidy is back. 1 Like |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Rupertek: 9:49am On Jul 29 |
By the Tinubu announced removal of subsidy, it was removed. Then Naira crashed, making the naira unable to pay for the fuel again, so government was forced to reintroduce subsidy aviara: |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Rupertek: 9:50am On Jul 29 |
Where can they get crude cheap, do you have source? Kukutente23: |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Rupertek: 9:55am On Jul 29 |
Are you aware that we building our own refinery can only remove the cost on profit that the refineries make on fuel, which cannot be more than 100 naira per litter. There is nothing like Cheap crude, crude is FGs main source of income so can only be supplied to the refinery at prevailing International market rate. So have our own refinery can eliminate only freight and profit cost BigTableShaker: |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by ElSudani: 9:57am On Jul 29 |
Asonaijaaso: How is he going to make it cheaper if he was buying crude from abroad at international prices? |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Kukutente23: 9:59am On Jul 29 |
Rupertek:In Nigeria? Abi Nigeria nor get crude? Where is Aramco and Gazprom getting crude cheap |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by ivandragon: 10:07am On Jul 29 |
Sannisege: My post clearly said bat and the apc. Or was bubu not part of the apc? When he was mortgaging the country, where you not the ones hailing him and insulting sane Nigerians who pointed out the error of his actions? Didn't bulaba say he supports bubu & praised his retrogressive actions? https://www.channelstv.com/2024/06/07/fg-gets-945m-oil-backed-lifeline-from-afreximbank/ https://nairametrics.com/2024/07/09/fg-plans-to-borrow-another-2-billion-crude-oil-backed-loan-to-boost-economy-report/ https://punchng.com/fg-may-get-1bn-afreximbank-loan-in-may/ The ones above were collected by whom? You are the one trying to cover the truth and misinform. Even at that, couldn't bat have rejected the deal? It is not bad for an alternative to be gotten to PMS, but why not ensure things are in place before the forceful shift to CNG? Why make PMS so expensive when the CNG is not available, don't even get me started on electric vehicles. Again, that is how you people praised the useless buhari for 8 years even when his failings were evident, and you are doing same for bat even when all indicies show that he is not moving in the right direction. 1 Like 1 Share |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Emyogalanya: 10:11am On Jul 29 |
Asonaijaaso:Now you get nig is kills its own. Here i am an Igbo man defending dangote's business thats how it should be. By the way can't the 6 zones/regions be given liecense to build and operate a regional Refineries to provide for the need of their people? From there states can now own theirs too if they want |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by BigTableShaker(f): 10:19am On Jul 29 |
Rupertek:Oga, what I'm saying is this: Crude plenty for Naija so tey, the NNPC cannot give us the actual figure Crude extracted in a day/months/year. All thanks to smugglers, theft, bunkers, etc So, the FG should cut those losses to gready Nigerians by serving the meal to the masses. By running a working Refinery and supplying it Crude way below the international price and stop paying subsidy to any entity. E.g if the intl price is N1000/ltr, PHC refinery should get Crude at N100/ltr. Because, Na our oyel, person no fit dey sell clothes come dey wear rags. How can Nigeria be selling Crude, yet petrol is an issue?!! If no be say people dey mad for AsoVilla, petrol should sell for N10/Ltr in Nigeria. It's as if international Price will determine how I eat my own food and fvckk. International price shouldn't threaten our existence collectively. |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by EXPRESSSMAN(m): 10:43am On Jul 29 |
This may not be the real situation. Even if Dangote sells at international price, what about the freight, insurance and other logistics component of the price. By the time you remove them, the price will lower significantly. Besides, If NNPC sells crude in Naira to Dangote, they will buy the refined oil in Naira. So there is nothing to panic about. Let's wait for Dangote to start selling first. |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Asonaijaaso: 10:44am On Jul 29 |
Emyogalanya: Refineries are expensive to run. |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Metalsmith(m): 10:47am On Jul 29 |
FG and NNPCL should do whatever is necessary to allow Dangote Refinery to operate and produce petroleum products for the masses of this country.The price should be reasonable and affordable for the masses. about N550 per litre. Any issue of quality standards and pump price per litter should be resolved amicably without unnecessary rancor and mudslinging between NNPCL and Dangote Refinery Management. The overall interest of the masses should be paramount. The saboteurs in NNPCL should be identified and exposed to face full weight of the law. President Tinubu should have courage to expose and prosecute all individuals found culpable in subsidy scandal and non functional local refineries. |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by BigTableShaker(f): 10:49am On Jul 29 |
aviara: Nna mehn, subsidy is back! |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by BigTableShaker(f): 10:52am On Jul 29 |
ivandragon: Now, whos the owner of the Malta refinery?! Obby? or Tilumpu? |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Arutan: 10:55am On Jul 29 |
Asonaijaaso: Dangote is a monopolist, he made his billions by monopoly (which no other company had) and now he cannot survive in the oil sector as a monopolist because this is different from fast moving consumer goods or building/construction materials. Dangote wants the government to sell crude to him at a price he wants but doesn’t want to sell petrol or AGO to Nigerians at a price government wants. That is not going to be tolerated. I totally support that Dangote refinery must never be witch hunted by any agent of government but also Dangote must abide by all quality regulations and decent / affordable pricing of products to Nigerians. Government gives you crude at very cheap rates in Naira, please do same to citizens by selling at N150/L as demanded by government instead of insisting on selling at USD international equivalent rates to the public. This is the only way your monopoly can be permitted so long it’s for public interest. |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Asonaijaaso: 11:01am On Jul 29 |
Arutan: Crude oil is one commodity thats more valuable than dollars in the world. He cannot get free crude in Nigeria, it will never happen. Even the free limestone and laterite he gets for Cement manufacturing, we never saw any discounted rices for Nigerians, he sell to Nigerians the same price with other neighboring African countries, despite the free raw material he gets from Nigeria. 1 Like |
Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by adekolaelect(m): 11:03am On Jul 29 |
UstazAhmed:can you give your competent ideas on the Topic? |
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