Biodun556:



He haven't sell petrol to another country

casualobserver:


Everybody is blaming Kyari but you are asking Kyari to sell petrol at less than landing costs. The problem to me is not Kyari, the problem is the landing cost of petrol either imported or via Dangote is more than the price acceptable to the public. The government has removed subsidy. So who is paying the difference? If NNPC is paying the difference then they will go broke as is now the case.

The problem is not Kyari but political interference in NNPC.

alphaconde:
fraudulent government

Nigeria is heading towards collapse

if u hear the word landing cost in this negotiation dont believe anything afterwards

if u gave dangote crude in naira for all reasons the PMS is suppose to be far cheaper.

wittywriter:


APC is a plague to Nigeria and Nigerians.




Wittyness

DevilsEqual:


NNPCL looks organized that ever, but Kyari is still shii

I am suspecting that this negotiation is as a result of the FG considering to return partial subsidy


Either way, it is for Good and....

God Bless PBAT

DevilsEqual:


NNPCL looks organized that ever, but Kyari is still shii

I am suspecting that this negotiation is as a result of the FG considering to return partial subsidy


Either way, it is for Good and....

God Bless PBAT

wahalawahala:
y uno kuku ask him to run pipe frm his refinery to your backyard freely,for easy access for u and family

nairaman66:
NNPC- the EX that never left!

Geometrix:

Hello sir can you honestly defend the price being quoted as landing cost by NNPC? Leave matter, there is no public accountability in Nigeria?
I can bet Dangote can sell way below the landing price they are quoting if they would liberalize the market

belini:
Why the so much hide and seek for something that shouldn't be a news

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Omooba77:


https://dailypost.ng/2024/09/13/nnpcl-gives-update-on-dangote-refinery-petrol-price-purchase/

Omooba77:


https://dailypost.ng/2024/09/13/nnpcl-gives-update-on-dangote-refinery-petrol-price-purchase/

casualobserver:


1: The price of petrol is set universally, everybody buys petrol at the same price.
2: What determines the price of petrol in a country is a) added taxes e.g uk b) subsidy e.g Libya and Nigeria c ) actual market price e.g Ghana, Benin, Cameroun. D) your exchange rate
3: The profit margin on refineries globally is less than 2%, they make money on volume.
Dangote is not a charity.

DevilsEqual:


NNPCL looks organized that ever, but Kyari is still shii

I am suspecting that this negotiation is as a result of the FG considering to return partial subsidy


Either way, it is for Good and....

God Bless PBAT

Biodun556:
Something is wrong with d.ngote, he should make his PMS price public if it is truly cheaper

Geometrix:

Are you saying the price of crude or petrol?
They are other condensate of crude that a refinery though not a charity can attain profitability even if it sells petrol at cost price

Omooba77:


https://dailypost.ng/2024/09/13/nnpcl-gives-update-on-dangote-refinery-petrol-price-purchase/

casualobserver:


1: Why would Dangote refinery sell at cost price? Did you donate money to build his refinery?
2: his margin is 2%, he has interest payments on loans why should he sell at cost?
3: even at cost price, the price of petrol is not N600. The price of diesel is an indication of the market price of petrol. +/- 5%. If Dangote diesel ex refinery is N900 then petrol is between N850-950 ex refinery. Add logistics/transport costs + retailer margin and you have the real price of petrol.

If you don’t like, it you can find your own petrol. Dangote can source his crude abroad and sell his products abroad.

The solution to the problem of fuel price lies in the exchange rate. Nigerians should stop buying imported products so the dollar rate can go down. Only then will the price of petrol go down.

Omooba77:


https://dailypost.ng/2024/09/13/nnpcl-gives-update-on-dangote-refinery-petrol-price-purchase/

Omooba77:


https://dailypost.ng/2024/09/13/nnpcl-gives-update-on-dangote-refinery-petrol-price-purchase/

casualobserver:


Everybody is blaming Kyari but you are asking Kyari to sell petrol at less than landing costs. The problem to me is not Kyari, the problem is the landing cost of petrol either imported or via Dangote is more than the price acceptable to the public. The government has removed subsidy. So who is paying the difference? If NNPC is paying the difference then they will go broke as is now the case.

The problem is not Kyari but political interference in NNPC.

Deepthoughts:
Between Dangote, nnpc,oil marketers n the federal government, there's a hidden fact that would surely emerge someday.

Geometrix:

I can hear you financial advisor to Dangote refinery. You even know his margin is 2%...