nairalanda1:
NNPC still not ready to remove subsidy, essentially.

The fact is, the government too wants to remain in power....and a subsidy removal means they get kicked out.

Subsidy still exists, folks.

This is the simple reality, it's hard to unilateral remove subsidy one off completely, landing cost is currently over a thousand naira while dangote cost of production is said to be above 700 per litre
How our naira became useless to the dollar is the real culprit

NNPCL..........

The question is how much did you sell the crude you took from stream for free to DANGOTE?

whats DANGOTE cost of processing the crude oil before selling back to NNPC?

why must DANGOTE sell back to NNPC after refined and sell directly to Major Marketers for our consumptions?

Indeed Nigeria is a scam.....

OR

Did NNPC sold the crude oil at N100 to DANGOTE and buying at N800?

Masses are crying pls

nairalanda1:
NNPC still not ready to remove subsidy, essentially.

The fact is, the government too wants to remain in power....and a subsidy removal means they get kicked out.

Subsidy still exists, folks.

How please?
Let NNPCL import theirs from Malta, subsidize and sell at 600 and let Dangote sell his at his own rate. That simple. Why did they leave the supposedly cheaper imported fuel for a more expensive locally refined one? Because the imported fuel wasn’t as expensive as they claim it to be. They inflate the subsidy just to cash out.

dallyemmy:
Dangote charges premium of $0.03 per litre which at an exchange rate of N1600 to $1 translates to about N48 per litre based on the analysis above.

Well, I think the main issue is our exchange rate which is performing poorly at the moment. However, I hope the demand for Forex when it comes to importation of petroleum products has come to an end.

Moreover, government should ensure other refineries are available and producing as well.

It's really not funny. In fact, the current price of Premium Unleaded Gasoline 10 ppm FOB (free on board) MED (Platts) Futures is 773.162 USD — it has risen 0.42% in the past 24 hours. That means the price could even increase further.

you're a fool. The oil is locally produced and the refinery is also local. Where's the dollar transaction coming from?

Even dangote self no be saints... They all wanted to cash out

chukwuibuipob:
NNPC should stop using Nigerians to play Ludo/table 🎾 game.

Lovit:


It is because the govt wants to remove subsidy completely, they were still subsidy all along.

with Dangote fuel now out they will want to take out subsidy completely thereby making the price still high.

FG needs to return subsidy even with Dangote's fuel, else the Nigerian people will continue suffering

what's the essence of making more money for the Govt while the people suffers? More money in the hands of govt both at federal and state levels has never translated to better living for the people of Nigeria.

either way we are cooked!

Did fg tell u they were paying subsidy after they said they have removed subsidy? That is the question u should ask not assume.

oluwaseyi0:


This is the simple reality, it's hard to unilateral remove subsidy one off completely, landing cost is currently over a thousand naira while dangote cost of production is said to be above 700 per litre
How our naira became useless to the dollar is the real culprit

Who decided to foolishly float the naira under the guise of unification ofnthe dollar rate?

nairalanda1:
NNPC still not ready to remove subsidy, essentially.

The fact is, the government too wants to remain in power....and a subsidy removal means they get kicked out.

Subsidy still exists, folks.

Did you even read the statement and look at the chart? NNPC is making a profit margin of N26 per litre

Shebi dem say na importation dey make fuel price high ... Criminals

leokid866:
foreign fuel landing cost is 1200....landing cost for Sangote is 1k.....if they decide to sell at the pump at 950 in Lagos that means outside Lagos will be 1k plus at those prices please tell where subsidy is coming in cause we will be paying full price.....so please explain to us your reasoning......

How is landing cost for dangote fuel 1k?

oluwaseyi0:


This is the simple reality, it's hard to unilateral remove subsidy one off completely, landing cost is currently over a thousand naira while dangote cost of production is said to be above 700 per litre
How our naira became useless to the dollar is the real culprit

Is there landing cost inside locally produced fuel?

Tinubu is actually a plague and a pharoah to Nigerian.Dangote has come out to say he can tract product all the way to filling stations which will eliminate smuggling an yet you cannot do direct crude for petrol to ease the burden on Nigerians.How many Nigerians can afford 1k per liter fuel? Everything in the economy has gone up.APC is really a curse to Nigerians but I don't blame them I blame people that even gave them 1 vote because of money and ethnicity.

bdon123:

That is not true...landing cost for lower quality pms is around 1100.Government was subsizing to bring it to around 700.Why cant govt subsidize jst 30% of wat itwas doing before to bring it to around 700.bear in mind we were subsidizing for neigboring countries too bt that will all become a thing ofpast...therefore cost of subsizing will be far lower.Its either that or giv dangote cheap crude to exchange for products.

This was exactly what I said in my post so my prediction was spot on through my research. There's no sentiment here also let us not hear that nnpc is paying subsidy again cos that will be criminal

https://www.nairaland.com/8213086/how-much-think-dangote-should

If a revolution doesn't happen from here, then Nigerians are a happy people. You fraudulently claimed to buy at 898 and selling for 950, gaining N50, don't look for Lucifer check Aso rock.

VotingPolls:


https://www.facebook.com/100069065264965/posts/pfbid02cmesN9PwS2xyTTM3oJ6esfrPV41BXxVHgcWsnyQMF4iQ8Q9anYj5wcRHSDLA7nVVl/?app=fbl

Nice✌

The Fuel is still very cheap though.

Then other marketers will sell at 1200...

So what's the difference. The refinery is of no use

This is what happens when a country hands over power to criminals and vagabonds.

A total pillaraging of the common wealth without regard or fear of accountability.

Anyway, by 1st October, an announcement would be made that fuel prices have reduced to N850 and the government will roll out the drums of performance.

Bobloco:
NNPCL and the Tinubu government are just deceiving themselves thinking they are deceiving Nigerians

It shall never be well with those who worked, supported and encouraged this calamitous Tinubu regime. Infact, it's already not well with them

God don't listen to our prayers against our leaders....so don't stress urself........
.........in fact u tend to doubt the existence of God most times owing to the wickedness and selfishness of our leaders against the masses ....they hardly die of unnatural cause ,they enjoy their lives while the people suffer ....their children live to control us.......now tell me where is God in this .......People are suffering yet tunubu and his family are flexing ...other politicians are happy yet the people are suffering.....the pastors are silent bcus the members will always give them food.......so where is God in all this .....if not for the fact tht isreal nation are destroying their Arab neighbors I would have outrightly become an atheist.......but my conclusion is this .....God is for the white people not blacks.......Jesus was actually white .....isreal nation are more of white people ......so blacks.....O.Y.O

I bought 920 today in Lagos. NNPC sell at 850 but will never fill your keg. Even when it is evident that your car broke down on the road and you need to refill

nairalanda1:
NNPC still not ready to remove subsidy, essentially.

The fact is, the government too wants to remain in power....and a subsidy removal means they get kicked out.

Subsidy still exists, folks.

Subsidy ke?
Where did you see subsidy in the template?

Dangote Refinery’s gantry price is $0.55/liter. At forex rate of N1,637/liter, a liter of pms becomes N898.

Just imagine forex rate at N500/$. This same pms will sell at N275/liter. At N800/$, it will be N440/liter.

Our problem is forex rate.

dallyemmy:
Dangote charges premium of $0.03 per litre which at an exchange rate of N1600 to $1 translates to about N48 per litre based on the analysis above.

Well, I think the main issue is our exchange rate which is performing poorly at the moment. However, I hope the demand for Forex when it comes to importation of petroleum products has come to an end. ;

Moreover, government should ensure other refineries are available and producing as well.

It's really not funny. In fact, the current price of Premium Unleaded Gasoline 10 ppm FOB (free on board) MED (Platts) Futures is 773.162 USD — it has risen 0.42% in the past 24 hours. That means the price could even increase further.

awom tinubu build lagos

Dangote must also play along with them, NNPCL has won him over, he must to factor their own profits to the landing cost because they have always benefited in the scam of crude exportation and refined products importations.

What a country!

nairalanda1:
NNPC is still not ready to remove subsidy, essentially.

The fact is, the government too wants to remain in power....and a subsidy removal means they get kicked out.

Subsidy still exists, folks.

So where is the subsidy in all of these 950 per liter, except FG plans to intervene later and play the hero

Nigerians be patient there's light at the end of the tunnel according to Emilokan

dallyemmy:
Dangote charges premium of $0.03 per litre which at an exchange rate of N1600 to $1 translates to about N48 per litre based on the analysis above.

Well, I think the main issue is our exchange rate which is performing poorly at the moment. However, I hope the demand for Forex when it comes to importation of petroleum products has come to an end.

Moreover, government should ensure other refineries are available and producing as well.

It's really not funny. In fact, the current price of Premium Unleaded Gasoline 10 ppm FOB (free on board) MED (Platts) Futures is 773.162 USD — it has risen 0.42% in the past 24 hours. That means the price could even increase further.

Wetin be exchange rate matter with what is locally produced?? Them don tap ur brain soo bad u no even know how to think again

dallyemmy:
Tell the righteous it shall be well.

And woe to the outright hypocrites.

Nnpc the father of corruption

I just love this comment of urs😂😂

dallyemmy:
Tell the righteous it shall be well.

morrisono111:
Dangote Refinery’s gantry price is $0.55/litre. At the forex rate of N1,637/litre, a litre of pms becomes N898.

Just imagine the forex rate at N500/$. This same PMS will sell at N275/litre. At N800/$, it will be N440/litre.

Our problem is the forex rate.

Our problems started when Buhari and APC stopped Oil exploration in the Niger Delta for 8 years and concentrated on looking for oil in Northern Nigeria while some of the producing oil wells dry in a bid to castigate the South and promote the Northern oil.

In 2014 Jonathan's administration was producing 2.2 billion max and 2 billion minimum barrels of crude oil per day but today we produce 1.2 billion barrels.

Buhari and the North killed Nigeria and Tinubu is just performing the burial ceremony which is the right of a dead person.