Only NNPCL Can Buy Dangote Petrol – IPMAN - Politics (2)

Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,207,600 members, 7,999,610 topics. Date: Monday, 11 November 2024 at 10:44 AM

Only NNPCL Can Buy Dangote Petrol – IPMAN - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Only NNPCL Can Buy Dangote Petrol – IPMAN (20369 Views)

Dangote Petrol: IPMAN, PETROAN Hint On Price Reduction / Deregulation: Oil Marketers To Import Cheaper Petrol — IPMAN / Nigerians May Buy Dangote Petrol For N857, N865 Per Litre (2) (3) (4)

(1) (2) (3) (4) (5) (6) (Reply) (Go Down)

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by iyke648(m): 7:52am On Jul 29

Mayeldah:

Prices can be controlled if they make allocations of crude oil to him locally. If he imports from the international market, he will also sell to NNPCL at international rates. The FG knows what to do to cut price but that may not happen because even the president has a personal interest in Petrol refining and importation from Malta

Bros u no hear say dem dey use the oil take settle d gbese wey dem don chop for years? grin

. Wia u see the oil wey u wan give dangote

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by mrvitalis(m): 7:53am On Jul 29

iyke648:
Yet nobody want to say this with their full chest

Because it's an impeachable offense spending 5.6 trillion without budget approval, oversight and others

1 Like

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Eriokanmi: 7:54am On Jul 29

datola:
Hmmm... It's better for NNPC to buy from Dangote and sell at subsidized rate to Nigerians rather than subsidizing imported products.

I pray oo. Make dem no buy at 5 naira and sell at 7 naira oo. This could be the reason they've been fighting this man, after he said his petrol would hit the market in August. It will be a bad market for the nnpc and their substandard imported fuel. There will be a huge price difference which will further expose corruption in the sector but they're trying their best to avoid that. Awon ole

1 Like

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by kath6: 7:56am On Jul 29

Lestoka:

do you sell foolz

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by pongwa(m): 7:58am On Jul 29

Islie:

https://punchng.com/only-nnpcl-can-buy-dangote-petrol-ipman/?amp

Dangote, Dangote, Dangote still dey find money......

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by ufotunang: 7:58am On Jul 29

mrvitalis:
Marketers can't buy from dangote because there is no how dangote can sale for ₦1100

And there is no how marketers can buy ₦1100 when price is ₦600 to ₦800

So only NNPC can buy and sale at a loss ( AKA subsidy of ₦700)

Do you need any more proof we pay subsidy?

..so what was the essence of the Dangote refinery..no benefit to Nigeria and nigerians

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by gabbasin(m): 7:59am On Jul 29

Sadly, this is the reality, NNPC is the sole importer of petrol because it's being subsidized, Dangote will sell petrol at international price as it's being done with diesel and aviation fuel because he got the crude at international rate, no marketer can buy from Dangote to compete with imported petrol subsidized by NNPC. I believe there must have been a template already to take care of this when Dangote refinery starts rolling out petrol. If not that petrol is being subsidized in Nigeria, the price would have been at par with that of diesel and Jet A1

1 Like

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by ufotunang: 7:59am On Jul 29

This country Nigeria under APC Tinubu government...one step forward two steps backwards

1 Like

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Godfullsam(m): 7:59am On Jul 29

Chinkoalhaji34:
NNPCL don show say dem no fit play with Dangote.

E go better make everybody just align and support the man wey dey push our economy forward.

How is he pushing your economy forward?
By selling PMS to marketers at international price rate?
E be like say sleep still dey for your eyes.

1 Like

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Tobest94: 7:59am On Jul 29

So what you’re trying to say is that there’s still subsidy on pms while baba told us that subsidy is gone

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Eriokanmi: 7:59am On Jul 29

Chinkoalhaji34:
NNPCL don show say dem no fit play with Dangote.

E go better make everybody just align and support the man wey dey push our economy forward.

Yes, because his price will expose the NNPC corruption in the sector if they didn't monopolise the midstream and Downstream by taking over. They've been running up and down, threatening dangote since he made that announcement that his petrol would hit the market by August. Imagine the same people who alleged that his products were substandard, to now be the only organisation to buy dangote fuel grin

. If you no gerit, forgerrit

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by nedekid: 7:59am On Jul 29

jkpbestseries:
Supply Dangote crude so that price will reduce, government is playing politics with everything

Exactly!
How will he import crude, refine it and then sell in naira?
It seems government is making money from the importation of petrol and so does not want it stopped.

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by rajiedreez: 8:00am On Jul 29

Dangote and NNPCL didn't have the interest of the country in mind

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Godfullsam(m): 8:02am On Jul 29

jkpbestseries:
Supply Dangote crude so that price will reduce, government is playing politics with everything

I think the issue of crude supply has been resolved. FG wants to supply him crudes at international price rate and they wants him to purchase it in US dollars the same way they are selling to international communities but Dangote wants to buy Nigeria crude in naira.

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Inspirer1: 8:05am On Jul 29

Is it correct to say were deceived ? undecided

naijaboy756:
NNPC are magicians selling at a loss to Nigerians then

ARE WE STILL PAYING SUBSIDY?

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Geometrix(m): 8:05am On Jul 29

I can see your intelligence from afar! Why did NNPCL agreed on owning 20% of the share of the company at inception? And reneged just of recent? I can tell you the initial agreement of NNPCL with Dangote was out patritism, to ensure energy security but anything happening now is because of vested interest which is not good for Nigeria energy security.

I can see a lot of ignorance.

Those who can read are blaming NNPCL and FG

Dangote is a business man and he has no intention of subsidizing anything or helping anyone.

Has he ever sold Cement cheaper than Large and BUA?

That Monopoly thing is real. NNPCL knows what they're saying about Dangote.[/quote]

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Asonaijaaso: 8:07am On Jul 29

Mayeldah:

Prices can be controlled if they make allocations of crude oil to him locally. If he imports from the international market, he will also sell to NNPCL at international rates. The FG knows what to do to cut price but that may not happen because even the president has a personal interest in Petrol refining and importation from Malta

Sounds like you are planning to hold the FGN Hostage.
He is a private business man.
Nigeria owes him no allocation
Neither does he owe Nigeria any Petrol.
He has to play by the rules, because even if spends money buying internationally, he might not be able to compete with international petrol sellers. Because he is spending to much money in (midstream) transportation from USA to Nigeria.

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Godfullsam(m): 8:10am On Jul 29

Tamaya94:
Foolish country... Instead of supporting him, you are talking of buying his refinery. So they'll buy it and leave it to die like other refineries in the country, abi? Just watch how dangote will soon you people and your foolish country to other nearby African countries who are already begging him to come and invest in their country

Quote the part of the story that said FG or NNPC want to buy dangote refinery.

Odeh!

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by tj2018: 8:10am On Jul 29

How much did he buy Crude, Did FG provide crude?

Asonaijaaso:
All those people shouting Dangote refinery is going to make prices cheaper.

"He plans to sell at international rates, meaning government will buy it expensive from him and subsidized it for the citizens."

He is a 100% Businessman.
Dont let them drag you into their challenges.
These people dont care about us.

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Ucheamani(m): 8:12am On Jul 29

BlueStripper:
Sometimes I don't understand why Nigerians are wicked to themselves.

Before Dangote started selling Diesel, that was how they came with same blackmail tactics, "It will be sold at international market prices". Eventually, the man crashed the rate and today we have enough diesel to drive the production and manufacturing sector.

Now petrol is about to the released, same dumb folks who are critical stakeholders in Nigeria's Problems have refused to let go.

This country is cursed. If you have a way to relocate out of this country to Burundi, please go for your peace of mind.

If there is no revolution that will eliminate all these bad eggs, there won't be any significant change in Nigeria.

If the revolutionaries spare 1 bad egg, he or she will corrupt the new breeds.

I rest my case.

Diesel is deregulated, no subsidy is paid on it, Petrol is not. There's no way Dangote will crash fuel price unless he wants to rundown the business

1 Like

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by bdon123(m): 8:12am On Jul 29

Asonaijaaso:
All those people shouting Dangote refinery is going to make prices cheaper.

"He plans to sell at international rates, meaning government will buy it expensive from him and subsidized it for the citizens."

He is a 100% Businessman.
Dont let them drag you into their challenges.
These people dont care about us.

Yes its very correct he cant buy crude at international rate n sell less.Right now,d cost of landing petrol in Nigeria is more than 1000 naira.d current price is been subsidized by government even though they are denying.
Same way,nigeria will hav to sell crude to dangote at subsidized rate to enable him sell product cheaper.dont forget there is also cost of transportation by ship for this products imported into d country.las las it will be hard for dangote to sell below d current price as our exchange to a dollar is terrible n he is buying in dollars.i tink d only government will gain frm dangote refinery is better quality fuel n savings on fx as they could buy products in naira.

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Asonaijaaso: 8:13am On Jul 29

IamANigerianMan:

Nobody said like that, the only thing it help is crashing down dollar, today we use over 44million liters in a day, it means we import 44million litres everyday with dollar which is not our currency... I want to ensure that , that Dangote refinery will never work because of cabals interest, they know how much they get from importation of pms

Dangote will not sell PMS at a cheaper rate. Ask me why ?
He gets free limestone, free land, free import waivers, tax concessions on cement manufacturing.....but cement prices are not cheaper than other manufacturers who pay for all these things.

If he buys crude oil at market prices, he will definitely sell petrol at market prices, because his margins are even narrower than than his cement business.
Nigerians think Dangote will subsidize petrol.
No he will not !!

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by bdon123(m): 8:14am On Jul 29

mrvitalis:
Marketers can't buy from dangote because there is no how dangote can sale for ₦1100

And there is no how marketers can buy ₦1100 when price is ₦600 to ₦800

So only NNPC can buy and sale at a loss ( AKA subsidy of ₦700)

Do you need any more proof we pay subsidy?

We hav never really stopped paying subsidy.exchange rate is poor to dollar therefore d real price pf pms is around 1100

1 Like

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Timmi: 8:15am On Jul 29

Asonaijaaso:
All those people shouting Dangote refinery is going to make prices cheaper.

"He plans to sell at international rates, meaning government will buy it expensive from him and subsidized it for the citizens."

He is a 100% Businessman.
Dont let them drag you into their challenges.
These people dont care about us.

The reason is obvious, Nigeria refused to sell Dangote refinery crude oil, hence the refinery is importing crude oil from USA, Brazil, etc. The cost reduction was to come from transportation costs of crude oil on one hand and refined oil to Nigeria. We (Nigerians) are our own worst enemy.

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Mrexcell(m): 8:17am On Jul 29

But dangote refinery was able to reduce the price of diesel so why can't they also reduce the price of fuel or sell at the current market rate?

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Onewazobia(m): 8:17am On Jul 29

Chinkoalhaji34:
NNPCL don show say dem no fit play with Dangote.

E go better make everybody just align and support the man wey dey push our economy forward.

.
Push which economy?
He will still sell the same price even though when the cost of production here is far lower than most if not all countries (Refinery) across the world.
If I may ask , please what's the benefits of hosting such company to the masses

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by Asonaijaaso: 8:17am On Jul 29

bdon123:

Yes its very correct he cant buy crude at international rate n sell less.Right now,d cost of landing petrol in Nigeria is more than 1000 naira.d current price is been subsidized by government even though they are denying.
Same way,nigeria will hav to sell crude to dangote at subsidized rate to enable him sell product cheaper.dont forget there is also cost of transportation by ship for this products imported into d country.las las it will be hard for dangote to sell below d current price as our exchange to a dollar is terrible n he is buying in dollars.i tink d only government will gain frm dangote refinery is better quality fuel n savings on fx as they could buy products in naira.

That doesnt solve the problem, if you are asking them to subsidize crude oil to Dangote.
We are still paying subsidy. As long as we are paying subsidy, whether its imported petrol or crude oil to Dangote. Nothing will change.
Nobody is yet to explain how Dangote refinery will make petrol cheaper.
Dangote refinery will sell expensive fuel because he has to pay back loans he used to build his refinery.
I am sure Dangote refinery will sell petrol even more expensive than importation.
Dont forget he is still a newcomer to the refinery world. He is a refinery virgin.
He has to learn a lot before he becomes an expert.

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by naijaboy756: 8:18am On Jul 29

Inspirer1:
Is it correct to say were deceived ?

Before NKOR?

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by mrvitalis(m): 8:20am On Jul 29

ufotunang:
..so what was the essence of the Dangote refinery..no benefit to Nigeria and nigerians

Lmao has dangote made a anything cheaper?

Re: Only NNPCL Can Buy Dangote Petrol – IPMAN by magoo10(m): 8:21am On Jul 29

TOMMYS:

Give emilokan him % then continue your business oga

e be like say emilokan don collect his own ,boys want collect their own

(1) (2) (3) (4) (5) (6) (Reply)

How Ministries Are Coping Without Ministers Under Buhari / Rochas Okorocha: "I Am Contesting For Senate To Prevent Bad People" / 2019 Poll: Atiku Meets Wike Ahead Of Campaign Kick Off

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 54
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.