nairalanda1:
So, it is time to see whether people who have taken up refinery licences would now commence work.

Also, Dangote seems to be maintaining radio silence.

Still, even with domestic refining, fuel ain't going to be cheap. Workers must be paid salaries that won't let them jakpa, and the refineries must be maintained, and government does not give any private firms money.

Praxis758:
When will Dangote’s refined crude hit the market?

Should we say the commissioning of his refinery was in rush for the Buhari’s administration to take the glory?

happney65:


Thank you o.. when I look at them supporting that rubbish I just shake my head for them. You dey import something with dollar,dollar no come down he dey go up,shey when it gets here you won't make profit ni?

Mumu people everywhere

HacheNoire:
The dividends of subsidy removal is guaranteed. It’s just a matter time, and competition will set-in and market prices will start dropping.

It’s was envisaged that present hike in prices will come to play, and will have a duration.


His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has that road map, and all well meaningful and educated Nigerians, believe his roadmap.

The future is now, and Asiwaju is piloting affairs.

chrisxxx:
If you believe this news you will believe that Lagos is the same as Osun State. If granting license to importers will bring about price crash why is petrol expensive in Ghana, Benin, Togo and other countries? Does it mean their leaders are daft and do not know what to do?
Petrol price will continue to be at par with all these neighbouring countries to prevent smuggling from Nigeria and thereby protecting the business empire of Dangote.
If FG wants to crash price while protecting Dangote, they should give him the sole right of exportation of petroleum finished product from Nigeria. This will guarantee he sells cheaper in Nigeria bearing in mind no one is buying here to smuggle it outside to make more money than him. This why Mele said that even if Dangote refinery starts to refine that the price will remain the same.

FOJEM:

License holders to start work. With what?
Naira or USD?
They must spend USD to import, and USD will always be stronger than the Naira until Jesus comes back.
The solution would be to build modular refineries and encourage investors to drive the import substitution initiative, since we already have the crude oil.
This is not rocket science.

Praxis758:
When will Dangote’s refined crude hit the market?

Should we say the commissioning of his refinery was in rush for the Buhari’s administration to take the glory?

maxiart2:
An oil producing country in this 21st century still dey important petrol?
**Shaking my head**

HacheNoire:
The dividends of subsidy removal is guaranteed. It’s just a matter time, and competition will set-in and market prices will start dropping.

It’s was envisaged that present hike in prices will come to play, and will have a duration.


His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has that road map, and all well meaningful and educated Nigerians, believe his roadmap.

The future is now, and Asiwaju is piloting affairs.

ThatCEO:
Nobody is interested in this rubbish news. Does it change the 617 pump price I will have to pay this morning?

Marketers wey get connection have always imported fuel. ALWAYS.

These fools really must think we r dumb. I mean the majority is actually very dumb anyways

HacheNoire:
The dividends of subsidy removal is guaranteed. It’s just a matter time, and competition will set-in and market prices will start dropping.

It’s was envisaged that present hike in prices will come to play, and will have a duration.


His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has that road map, and all well meaningful and educated Nigerians, believe his roadmap.

The future is now, and Asiwaju is piloting affairs.

FreedomArmy:
why can't government owned refineries not work. Is it rocket science to make it work?

Praxis758:
When will Dangote’s refined crude hit the market?

Should we say the commissioning of his refinery was in rush for the Buhari’s administration to take the glory?

dikings:


Some of these countries have constant Electricity thereby reducing cost of production and reducing the demand for fuel. Try Get sense

Ayodeoba:
NNPC chairman deserves to be fired, while govt import fuel directly. This will help the govt to know the landing cost of petroleum and also I expect govt to build more fueling stations across the country to checkmate those marketers who always sabotage govt efforts

nairalanda1:
So, it is time to see whether people who have taken up refinery licences would now commence work.

Also, Dangote seems to be maintaining radio silence.

Still, even with domestic refining, fuel ain't going to be cheap. Workers must be paid salaries that won't let them jakpa, and the refineries must be maintained, and government does not give any private firms money.

kay10:
Pls i dont understand,How will price of petrol goes down when dollar is rising everyday,is it not the same forex they will use to purchase petroleum products.I think it time for us to face the reality
The solution now is to start granting emergency licences to new investors willing to build refinery in Nigeria since the ones we have are not ready to work despite huge amount being spent on them
The government should allowed foreign investors to take over our 4 local refinerys with the petrochemical refinery since it can't be revived by Pdp and Apc government
The government should not depend on dangote refinery to be a major player on the this sector as another monopoly might set in.
What we should be thinking now is healthy competitors among our refinerys

nairalanda1:
So, it is time to see whether people who have taken up refinery licences would now commence work.

Also, Dangote seems to be maintaining radio silence.

Still, even with domestic refining, fuel ain't going to be cheap. Workers must be paid salaries that won't let them jakpa, and the refineries must be maintained, and government does not give any private firms money.

HacheNoire:
The dividends of subsidy removal is guaranteed. It’s just a matter time, and competition will set-in and market prices will start dropping.

It’s was envisaged that present hike in prices will come to play, and will have a duration.


His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has that road map, and all well meaningful and educated Nigerians, believe his roadmap.

The future is now, and Asiwaju is piloting affairs.

kay10:
Pls i dont understand,How will price of petrol goes down when dollar is rising everyday,is it not the same forex they will use to purchase petroleum products.I think it time for us to face the reality
The solution now is to start granting emergency licences to new investors willing to build refinery in Nigeria since the ones we have are not ready to work despite huge amount being spent on them
The government should allowed foreign investors to take over our 4 local refinerys with the petrochemical refinery since it can't be revived by Pdp and Apc government
The government should not depend on dangote refinery to be a major player on the this sector as another monopoly might set in.
What we should be thinking now is healthy competitors among our refinerys

Praxis758:
When will Dangote’s refined crude hit the market?

Should we say the commissioning of his refinery was in rush for the Buhari’s administration to take the glory?

Poleski:


Dangote is a crook, he likes the high price. You think fuel will be cheap when his refinery starts working? Don't hold your breath on that. His production of cement didn't make cement cheap.

princekwi:


Many people are dumb, do you think that the federal government intentionally refused to make Nigerian refineries function? You need a sound lecture on geopolitics and the world oil mafias: Nigerian presidents both past and present are stooges to these mafias, fail to do there bidding and get killed instantly, the same goes for power, Nigeria is not independent brother, it's just only on paper, Nigeria is under the control of strong wicked foreign powers, know this and know peace

Originalsly:


Thank you. It is for this reason I've been saying that Dangote's refinery will never get off the ground and produce as promised. The West does not want Africa period to be independent... it must not control its natural resources. Nigeria has crude oil... but will not be allowed to refine it and shut out the West. ExxonMobil and Shell and the others ... why would we believe they would be shut out by Dangote from supplying African countries with refined petroleum products? As I see it.... Dangote will be unable to service his debts and his refinery will be taken over by his foreign investors and only then will it be functioning as promised. Who then will really be supplying Africa with the refined products? We will still be at the mercy of the merciless " foreign investors".

Competition is good ... it helps to control prices. In this case we will know if the NNPCL was ripping us off. As a government entity they are not supposed to be making a profit. The marketers are in it to make a profit ... that's business. They are both buying at market prices.... using foreign exchange. If the marketers can sell at the same price as NNPCL or less.... it means we were being ripped off by the NNPCL.... Tinubu need to have them investigated... and charged if need be.
We should never expect prices to drop because of competition... in this the price at the pump depends on the strength of the Naira to the dollar .... and the price of crude.
No doubt... giving licenses to have small local refineries is good... but with the savings from subsidies the FG should also make loans available to help locals have them up and running. I believe this will be the only way to bring down prices in the long run or we will continue to bleed foreign exchange on imports which is not sustainable.