You no go ever lose your Senses you sabi

CodeTemplarr:
I get the impression the marketers are blackmailing refiners (with hope of NNPC stepping in and pressuring refiners or subsidizing) into selling petrol at below intl cost.
If they are not eyeing smuggling across borders i see no reason to be crying more than the bereaved(the poor masses). Their job is to buy and resell at a profit and not to push for lower prices for final consumers around west africa and in Nigeria.

designking:
This is media stunt to bring back subsidy. They are blackmailing Dangote refinery to solidify their claims for re-introduction of petrol subsidy.

Dangote never said he can meet Nigeria 100% petrol need this year. The refinery is operating at about 50% capacity and we all know that.

The subsidy still exist

cassidy1996:
Will Nigeria ever get better?

Mumu question from mumu p

Anither563:
This is the free market in action.

...but all this Importation is the one causing the naira to depreciate and lose value against the dollars..and we nigerians will want the naira to appreciate and have value..how can that happen when we keep on importing

CodeTemplarr:
I get the impression the marketers are blackmailing refiners (with hope of NNPC stepping in and pressuring refiners or subsidizing) into selling petrol at below intl cost.
If they are not eyeing smuggling across borders i see no reason to be crying more than the bereaved(the poor masses). Their job is to buy and resell at a profit and not to push for lower prices for final consumers around west africa and in Nigeria.

Awesome take! You’re spot-on!

Those marketers’ interests are not Nigeria’s interests!

They make more money by bringing the products through our ports and then using inland routes to smuggle it out through our borders, for high profits outside Nigeria!

By the way, why should the Central Bank still be availing them dollars for these crooked importations?

Abaki5:

Mumu question from mumu p

you are a disgrace to your generation

Naira about to depreciate further

Omololupromise:
Dangote should crash his price

While the Tinubu you supported continue to devalue the naira?

Omololupromise:
Importation and dangote price are almost same so they prefer to import

Here is real deal, NNPCL import at international prices and subsidized it way below unsubsidized Dangote petrol. Then marketers buys from NNPCL and sells the prices with Dangote to maximize higher profits. This implies that, it is more profitable to sell imported than local petrol.
Example, if Dangote sells petrol N950 as refinery price with pump price been N1,300 max. Marketers will make N350 profits but if NNPCL imports at N1,300, subsidizes it to N700. Marketers will at N700 from NNPCL and sell N1,300 with Dangote petrol maximizing N600 profits instead N350 profits, a difference of N250 profits.

Kobicove:
If importation is what will lead to lower prices for petroleum products then so be it!

Continue to daydream while enjoying illegal subsidy

Themandator:



Speak on what you know and understand.



As we write here , prices are coming down at the depots as a result of this import.


If we allow Dangote only you are going to buy pms at prices you will never believe

Pray Bua refinery comes online ...that is somebody that does business with conscience

Prices are coming down because of NNPCL illegal subsidy to give marketers a very high profits. Imagine importing a litre of petrol at N1,300 when dollar is N1,700 max and depot price is below the landing cost? It takes foolish to believe that it is not subsidized.

cassidy1996:
you are a disgrace to your generation

Ok I hear u thanks

designking:
This is media stunt to bring back subsidy. They are blackmailing Dangote refinery to solidify their claims for re-introduction of petrol subsidy.

Dangote never said he can meet Nigeria 100% petrol need this year. The refinery is operating at about 50% capacity and we all know that.

I can imagine what Dangote is going through now. Nigeria is a terrible place for investors.

Gboss247:
Prices are coming down because of NNPCL illegal subsidy to give marketers a very high profits. Imagine importing a litre of petrol at N1,300 when dollar is N1,700 max and depot price is below the landing cost? It takes foolish to believe that it is not subsidized.

Why is imported AGO,without 'illegal subsidy " cheaper than his own and of better density than his own that is of DPK density range ...why? Or your reckoning is that it is only imported PMS that is cheaper


There is deregulation. Prices that NNPC issues are for their own imported or locally sourced products . It has nothing to do with a blanket price regime for the market .


There is no longer subsidy for anyone who chose to import

Again , hyperventilate on what you know and understand....NNPC does not grant subsidy to depots who chose to import on their own



You only enjoy discount when you buy from NNPC

Presently depots have taken advantage of the price adjustment by NNPC,who is the major player , to import

designking:
This is media stunt to bring back subsidy. They are blackmailing Dangote refinery to solidify their claims for re-introduction of petrol subsidy.

Dangote never said he can meet Nigeria 100% petrol need this year. The refinery is operating at about 50% capacity and we all know that.

If it is operating at 50 percent capacity the ln it should be producing 25m litres daily but it is not doing so.


This recent near total subsidy removal has allowed some depots owners to bring in products t their depots



That has caused a glut driven by low purchasing power hence the continuous drop in depot prices ..
Just from last week Friday to yesterday more than 10 naira has been sliced by depot owners and more vessels are docked waiting to discharge

Audio Dangote.

Dangote Failed NNPCL.
Now, dangote failed the marketers.

Themandator:



Why is imported AGO,without 'illegal subsidy " cheaper than his own and of better density than his own that is of DPK density range ...why? Or your reckoning is that it is only imported PMS that is cheaper


There is deregulation. Prices that NNPC issues are for their own imported or locally sourced products . It has nothing to do with a blanket price regime for the market .


There is no longer subsidy for anyone who chose to import

Again , hyperventilate on what you know and understand....NNPC does not grant subsidy to depots who chose to import on their own



You only enjoy discount when you buy from NNPC

Presently depots have taken advantage of the price adjustment by NNPC,who is the major player , to import

Trillions of nairas are spent on subsidy