Biodun556:



It will crash because oil marketers and dangote himself don't need to buy dollars from CBN again for importation, dollars will now be in excess.

ppogba:
I am yet to see the comment of the clown whose sister works at DANGOTE refinery and has confirmed that year 2026 is the take off date.

If you are the one, please reply and quote me.

Donaldoni:


The whole essence of local production will be defeated - saving forex.

NinjaMetahuman:
it won't.

If dangote competes favorably with international price, people will buy local.

If imported petrol costs 500 and dangote own costs 495, which one are people going to buy?

OvertheTop:


it should be N500/L

IkeOnyia:

I thought so too but reality is that most Nigerians are dubious and wicked, if it reduces that low, they will start smuggling the product to neighbouring countries where the prices are higher thereby creating artificial scarcity in Nigeria. And artificial scarcity will then knock the prices back up to what they wanted.

Ofunaofu:


Because it involves Tinubu, nine months ago is now living in the past.

You are now comparing it with the year 1990.

Why don't you compare it with the pre-independence era?

Honestly, you are irredeemable.

Donaldoni:


Why are we not importing cement? rice? etc etc

dominique:
Didn't he say he was going to sell it below N1,000? And we still have to wait till may before he starts selling? I pity anybody that believes this dangote has the interest of Nigerians at heart.

NinjaMetahuman:
because it was damned.. duhhh.

Donaldoni:


because of the need to conserve forex...

Jlow2:
Still bought 1700 this morning in Jos, these pple re only interested in being at Forbes list, that’s how bua promised cement at 3500 , nobody bought at that price , only to take it to 11k in 2months, only Allen Onyema has been fair to Nigerians, air lifting stranded Nigerians in troubled countries free of charge, few days ago he crashed Lagos -London flight to 1.2m from 3m and 5m from virgin Atlantic and British Airways, dangote and bua must learn from these man

crossbreedwears:
It's not a good news boss. I use diesel everyday for my hustle and the price is still high. We bought diesel at 600 naira before Tinubu took over. Let it go back to 500 naira

NinjaMetahuman:
Good but they should not stop importation because of dangote.

If the price of dollars comes down more, dangote may not reduce the price of diesel and he will be one controlling how much we buy petroleum products like cement.

Minjim:
I knew all these recent hikes was to make sure Dangote also sell locally at the same price he sells to foreign markets.

This increase isn't significant enough to positively affect the economy

ivandragon:


Apc would destroy something, then fix a tiny aspect back and start hailing themselves and calling others haters.

Acidosis:
Supply diesel by May to dealers at N1,225/litre? 😭😭

He hasn't even supplied the crazily expensive diesel and people are already jubilating? Ahhhh!

Igbek76:
Some group of haters of Tinubu/APC will know they are really stupid day by day.

They will hear more good news by force.

Ikaeniyan0:
So APC destroy the refineries in Nigeria?

nedekid:

Oga, leave petty talk, focus on the reality on ground, which affect me and you.
Do you buy diesel? Anyway I do. I buy and average of 1000-1200 liters per week.
Now diesel has been sold for the last 3 weeks at ₦1480 at Nnpc gas stations, private 1450 to ₦1650.
Now if dangote has decided to sell at 1225-1300 per liter, how much do you then think it will be sold at the pumps? Assuming there is a ₦200 margin for transport and petrol station gains, is that not ₦1500 per liter +/- 50?
Fine it is great and commendable that dangote is providing diesel, but at what cost? 1 year ago how much was diesel, ₦120, ₦200 per liter, which one is the praise while it is still over 1300,1500 per liter?
Abi what is wrong with Nigerians for goodness sake?
$1 per liter? $4 per gallon? In Nigeria? The same price with America? We with our gdp per capita at eg $3k will buy diesel same price with America with $70k per capita? Is this not sorcery or as locally said, no be juju be dat?
Anyway, let's be positive, the prices will come down gradually.

hslbroker2:
This is a good news.

Meanwhile check my signature for your hardwood and roofing sheets

Thanks

Ikaeniyan0:
so you expect it to get to #500 overnight?

crossbreedwears:
Very possible. It's not dollar oga

Ikaeniyan0:
The most important thing is that we won't have to import diesel again

Minjim:



The only important thing to the economy and average Nigerians is if that makes it cheaper