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Nairaland Forum / Nairaland / General / Politics / Petrol: Oil Marketers Propose N550/litre Price To Dangote (18071 Views)
Petrol: Oil Marketers Shut Filling Stations As Scarcity Spreads To Lagos, Enviro / Forex Crisis: Marketers Propose ₦720/Litre, Suspend Fuel Imports / N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva (2) (3) (4)
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Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by iamtoofan: 8:42am On Apr 08 |
Babzrockman: 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 |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Khyrvxjzy: 8:44am On Apr 08 |
Kokadomfreedom: anything to show? you get money for 1 million liters diesel? you no see diesel buy poor |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Osanoghodua1: 8:46am On Apr 08 |
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. |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by SalamRushdie: 8:46am On Apr 08 |
Babangidapikin:Na only for Newspaper desiel price crash oo 1 Like |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by VaginaAcademic: 8:47am On Apr 08 |
What about 100 naira |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by highchief1: 8:47am On Apr 08 |
eddyline:im telling u.who buy fuel 650 go buy am 550. |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by keemsleek(m): 8:48am On Apr 08 |
lavylilly: A lot of modular refineries are coming up , one is in imo state, another in Edo state etc. Check out modular refineries in Nigeria. 2 Likes |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by iamtoofan: 8:49am On Apr 08 |
Nazgul: 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 |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Elvisage(m): 8:55am On Apr 08 |
KEVIND: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. 2 Likes |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by TBOSS0311: 8:57am On Apr 08 |
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. |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by iamtoofan: 8:59am On Apr 08 |
free2ryhme: 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 |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by iamtoofan: 9:02am On Apr 08 |
Blaze14k: why should it be about stakeholders, is it not prime cost + total relative cost that decides "selling price" |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Honestey: 9:04am On Apr 08 |
That means price will still not change, if they buy at N550/Ltr they will still be selling at N600. But what if selling at N400 would be okey by Dangote himself? Besides I'd like Dangite to establish filling stations across the states |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Blaze14k: 9:07am On Apr 08 |
iamtoofan: 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. |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Nazgul: 9:07am On Apr 08 |
Blaze14k:Our leaders are all rogues. They care only about themselves and not the masses. |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by iamtoofan: 9:08am On Apr 08 |
Acidosis: Whatelse will you call a Man that has done what govt portray as Mission impossible (refinery) for the past 40yrs |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by being(m): 9:10am On Apr 08 |
Is that even possible ? Is 550 not subsidized price? Who will pay for the subsidy ? Govt? |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by iamtoofan: 9:14am On Apr 08 |
LordAdam16: IF foreign Fuel is sold @ 568 by NNPC, please elucidate why dangote fuel shouldnt sell below #500 1 Like |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by ThatFairGuy1: 9:19am On Apr 08 |
This is still very high. Who knows how much Independent Marketers will now be selling to Nigerians |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by iamtoofan: 9:19am On Apr 08 |
Blaze14k: 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 |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by ThatFairGuy1: 9:24am On Apr 08 |
PMB's administration? Please can you substantiate this with evidence frankputer: |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Babzrockman: 9:37am On Apr 08 |
iamtoofan: I agreed with u sir. |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Bfly: 9:43am On Apr 08 |
My own be say we dey beg retailers to reduce price price of goods |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by MOTIONTECH(m): 9:47am On Apr 08 |
Nazgul:You are looking at it from the micro aspect, look at it at the macro aspect |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by MOTIONTECH(m): 9:48am On Apr 08 |
Paraman:so the one wey dey work now na which refinery? |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by LordAdam16: 9:50am On Apr 08 |
iamtoofan: 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 3 Likes 1 Share |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by tollyboy5(m): 10:19am On Apr 08 |
nellybadas:You don see diesel buy for ₦1225? If yes where? |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by tollyboy5(m): 10:29am On Apr 08 |
SalamRushdie:Jah bless. I don dey ask sey who don buy diesel 4 ₦1225 nobody at all lol. 1 Like |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by tollyboy5(m): 10:30am On Apr 08 |
Khyrvxjzy:Lame Where Dem dey sell diesel ₦1250 ? Give us the location. |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by CartelKenneth: 10:32am On Apr 08 |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by tollyboy5(m): 10:33am On Apr 08 |
Nazgul:NNPC price is a subsidize price |
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by iamtoofan: 11:08am On Apr 08 |
LordAdam16: 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 |
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