Thinktwicemybro:

The crude dangote is using is imported

So why is nnpc determining his price? Why can't other marketers buy directly from dangote?

tensazangetsu20:


I am black and I am not a socialist abeg. I don't even know any Igbo who is a socialist.

Socialists favor the imposition of unnatural conditions on human collectives. Socialists love publicly owned commerce and forced racial or tribal diversity and also single parent homes.

The Igbo in 1957 insisted on Perpetual Unity of the unnatural collection of major tribes called Nigeria, against the proposals of the other major tribes that wanted a right to secession. Actions matter, not words.

Good Luck to Nigerians.

IbeOkehie:
Nigerians please pay attention to real market data.

The price of petrol declined significantly on the world market since yesterday by around 6%, ending at $0.5 per liter.

https://www.investing.com/commodities/gasoline-rbob

I did the calculations based on $1 = 1600₦ and arrived at a price of ~ ₦800 per liter. This is the world price of petrol right now.

What this means is that NNPC price of ₦897 contains a TAX or profit of ₦100.

I believe if Dangote is allowed to sell on an open market to ANY petrol marketer he wishes, the price will be significantly below this official price. It's WRONG for NNPC to become a MONOPOLY buyer of petrol from domestic refineries. The reason for this market closure is clear - NNPC can't compete against private companies, just like NTA can't compete against private broadcasters.

Open the market. Pass legislation and TAX fuel sales, be transparent. Sales tax like this is a good thing, there's no need to lie about it.

Good Luck to Nigerians.

Check if you are talking about crude or refined fuel. If it's crude, then your calculations are wrong. Even if it's refined, have you factored in the transport costs? Not siding with government or NNPC but just asking you to double-check so that your analyzes are not trashed.

tensazangetsu20:


I am black and I am not a socialist abeg. I don't even know any Igbo who is a socialist.

There are many Igbos who supported Buhari in 2015. Anyone who did is a socialist. I have read Igbos state that the government should operate refineries. As much as it's believed that Igbos are naturally greedy (as if humans are altruistic), there are Igbos who support socialism. You need to monitor their actions.

OgaFactCheck:


Check if you are talking about crude or refined fuel. If it's crude, then your calculations are wrong.

I stated it was refined petrol. I supplied a link. Easy to click and read.

Good Luck to Nigeria.

Let dangote tell us how much he is supplying to NNPC... Cos there are crooks everywhere in nnpc

Ikaeniyan0:


https://businessday.ng/news/article/nnpc-lifts-dangote-petrol-sells-at-n897-litre/?amp

seunmsg:




How much do you think Dangote will sell directly to independent marketers if NNPC is not involved in the process?

I agree we should demand for more accountability and transparency from NNPC but if the figure in the public is anything to go by, Dangote can’t sell below something around N1200. The current price of diesel should give you guys an idea of what the cost of PMS should be without NNPC stepping in to do under recovery (subsidy).

I feel like pinching your brain. You obviously dont know what’s going on. They should allow him sell his fuel. People that are trying so hard to cover up their atrocities and you are here capping rubbish.

IbeOkehie:


Evil can never expire in Nigeria because Nigerians will always justify evil.



The usual Nigerian excuse for socialist impulses. The same way they accused MTN, Arik and Dangote Cement of being monopolies. The hatred of private profit without government control has become religion in Nigeria.

Some months ago there was a scarcity of maize and the Nigerian government responded by granting THREE or FOUR companies the exclusive license to import. And of course those who see government as agents of STABILITY cheered while poultry farmers cried.

If Nigerians can't learn from THE CLEAR EXPERIENCES of the last 25 years, they deserve all the suffering that comes their way.

The Black Man is a natural socialist and will continue to get socialist results.

Good Luck to Nigeria.

I'm not sure why you'd bring up socialism when other verticals in the Nigerian O&G industry are deregulated.
Gasoline is a peculiar sector in Nigeria and the primary source of energy.
The installed capacity of gasoline generators in Nigeria exceeds 40,000MW.

I'm not saying the NNPCL should be a permanent monopolist.
I'm saying they should manage the rollout and the gasoline market will be opened up when we've settled in.
That is a reasonable approach and one that capitalist countries and firms adopt all the time to control outcomes.

-Lord

Ojuntana:
If Dangote petrol is a pure as he claims, Nigerians will be surprised at how fast it will burn out and we'll actually pay more for the fuel.

Another prophet of doom has spoken

I would like to ask you. What causes fuel scarcity?
Any idea?

seunmsg:




How much do you think Dangote will sell directly to independent marketers if NNPC is not involved in the process?

I agree we should demand for more accountability and transparency from NNPC but if the figure in the public is anything to go by, Dangote can’t sell below something around N1200. The current price of diesel should give you guys an idea of what the cost of PMS should be without NNPC stepping in to do under recovery (subsidy).

Anither563:
The era of fuel subsidy is now over. The fuel price will now be determined by market forces. Let's support Dangote and the NNPC in this new journey. God bless Nigeria for ever!

see as u just quote una script like say u be bot. Maybe u be bot sha

Capitalism at its peak why must it be at this price when no landing and transportation costs across oceans? It seems the sudden increase in fuel prices is to accommodate the current dangote pricing ! The good thing is you cannot live past 100years give or take whatever your plan so it and finish it will all come to pass

IbeOkehie:
Nigerians please pay attention to real market data.

The price of petrol declined significantly on the world market since yesterday by around 6%, ending at $0.5 per liter.

https://www.investing.com/commodities/gasoline-rbob

I did the calculations based on $1 = 1600₦ and arrived at a price of ~ ₦800 per liter. This is the world price of petrol right now.

What this means is that NNPC price of ₦897 contains a TAX or profit of ₦100.

I believe if Dangote is allowed to sell on an open market to ANY petrol marketer he wishes, the price will be significantly below this official price. It's WRONG for NNPC to become a MONOPOLY buyer of petrol from domestic refineries. The reason for this market closure is clear - NNPC can't compete against private companies, just like NTA can't compete against private broadcasters.

Open the market. Pass legislation and TAX fuel sales, be transparent. Sales tax like this is a good thing, there's no need to lie about it.

Good Luck to Nigerians.

Sorry bro, there is no market to open Dangote refinery is the only large scale refinery working. Dont be surprised if Dangote is enjoying some form of subsidy.

Majesty7:


Dropped drastically self. Apart from the fact the Dangote is producing from a poorer country, he is also enjoying some dividends. Fuel shouldn't be above #450.

Honestly, NNPC and Tinubu are playing with fire

Love him or hate him Tinubu got some big balls.

heffem:
. Oh, were you expecting Dangote refinery to solve/reduce something? Hmmm, FG=DANGOTE. Know this and know peace

well, I was and I'm disappointed.

eniteden:
You Buy in Naira, No more landing cost/shipping cost or foreign tax/ship docking fees or freight, you refine here and sell here where is the subsidy coming from again even if u buy at international rate in Naira value, PMS price is still suppose to come down not go up.

Please what's happening in this country, this won make me craze

Lord please!

Dangote is buying crude in Naira yet our Naira is depreciating against the dollar. Can any remaining normal economist in Nigeria explain what is going on.

Ikaeniyan0:


https://businessday.ng/news/article/nnpc-lifts-dangote-petrol-sells-at-n897-litre/?amp

Fuel bought with naira

This govt is hell mad. Fuel bought with naira. Nawaoooo.

NNPC shouldn't be the sole buyers others like oando, MRS etc should be eligible as well but we know what Miserable NNPC is doing so that they will be the one to determine pump prices what a wicked world

Please ooo they should help us. I dont even know what to think anymore

We are going back x20

TheAlchemist:


Dangote is buying crude in Naira yet our Naira is depreciating against the dollar. Can any remaining normal economist in Nigeria explain what is going on.

Anither563:
The era of fuel subsidy is now over. The fuel price will now be determined by market forces. Let's support Dangote and the NNPC in this new journey. God bless Nigeria for ever!

stop chatting shit

NNPC shouldn't be the sole buyers others like oando, MRS etc should be eligible as well but we know what Miserable NNPC is doing so that they will be the one to determine pump prices what a wicked world.

Their target is to make it scars and take it to 1500 by Xmas then we will beg for it for 1200 just wait and see

Krankhead:
Another prophet of doom has spoken

Prophet of doom how?

Do you understand English or you're just learning the language

Standing5:
I already know all you wrote. You need to do the STFU-ing part.

I later delete the STFU. When I noticed it was insulting. Guess you were quick to quote

Salewa97:
Good news

The Dangote's refinery would help in stabilizing the fuel price in the country. The more competition, the better for the consumers

What competition when NNPC has imposed itself as the sole buyer?


https://www.nairaland.com/8202563/nnpc-sole-buyer-dangote-refinery

This is the result of bad government and failed protest. We never see anything.
The North started the revolution while yall folded.
We are on a long tin

The NNPCL should allow Dangote refinery to thrive for the betterment of Nigerians for a renewed hope

Ikaeniyan0:
Dangote petrol can be tracked

https://www.nairaland.com/8203512/refinery-nigerias-true-fuel-consumption

Such a child

Lol. Tinubu’s administration is cashing out big time from Dangote refinery . The price that major marketers predicted at 600 naira per litre!!

Anither563:
The era of fuel subsidy is now over. The fuel price will now be determined by market forces. Let's support Dangote and the NNPC in this new journey. God bless Nigeria for ever!

Which market forces? NNPC has monopolized the supply and fixed price via FEC .

F117nighthawk:
It shows corruption in government in Nigeria has come to stay, only an incorruptible leader will completely disband,sack and sell NNPC,truly it is the CASH COW of any government in place,
for NNPC to be the sole buyer from Dangote refinery and sell to the public shows they want the subsidy scam to continue.
no wonder all top NNPC management haven't been sacked, ONLY A VERY PATRIOTIC AND A LEADER WITH VERY GOOD INTENT will scrap NNPC and sell it off completely

Do you really know what you’re typing or you’re still typing out of your ceaseless hatred of the current government?

The decision to buy in bulk from Dangote enables everyone to hold the government responsible. It also helps solve a lot logistical challenges for Dangote Industries itself. In that way, arrangements for futures can be made and energy security can be guaranteed.

This is a win-win-win for The Federal Government, Dangote and the masses.

The impact on the economy is another bit. Within weeks, the impact on the foreign exchange rate and balance of payments will begin to show.

What more, just wait as some smart Nigerians find a way to create some form of business related to that Refinery’s fuel supply, just like those who used to sell recharge cards in those days.

All those who truly love Nigeria and not just commenting here because some secessionist groups have bought them laptops & given them free data, will thank God that we are finally marching forward as a nation.

Military should just take over the affairs of this country for atleast 5yrs till these sets of political manipulators are exterminated.

Complete nonsense, don't feed me the bullshit the government had been using to fool the mumu mugus like,a government who cannot run it's own refinery and is into importations of the crude it sells and cannot refine in the country now want to control a products an individual built with his own resources?what nonsense,does the government contribute a kobo into the refinery?
The reason is to continue their subsidy scam,by this they will tell Nigerians if the are to allow all players to buy they will pay above a thousand naira but because they are the sole buyer and distributor they subsidized by paying less than a thousand naira,
So that the hidden subsidy scam continues


Do you really know what you’re typing or you’re still typing out of your ceaseless hatred of the current government?

The decision to buy in bulk from Dangote enables everyone to hold the government responsible. It also helps solve a lot logistical challenges for Dangote Industries itself. In that way, arrangements for futures can be made and energy security can be guaranteed.

This is a win-win-win for The Federal Government, Dangote and the masses.

The impact on the economy is another bit. Within weeks, the impact on the foreign exchange rate and balance of payments will begin to show.

What more, just wait as some smart Nigerians find a way to create some form of business related to that Refinery’s fuel supply, just like those who used to sell recharge cards in those days.

All those who truly love Nigeria and not just commenting here because some secessionist groups have bought them laptops & given them free data, will thank God that we are finally marching forward as a nation.[/quote]