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Nairaland Forum / Nairaland / General / Politics / What Will Be The Price Of Dangote Oil(diesel) (1637 Views)
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What Will Be The Price Of Dangote Oil(diesel) by lwisee: 2:05pm On Jan 14 |
I've been wondering what the price per litre of diesel will be once it hits the market. The main issue is, once it's lower than what we have in the market presently, dealers will prefer to ship it to neighboring countries to maximize their gain. Our borders are too porous. I'm worried 2 Likes 2 Shares |
Re: What Will Be The Price Of Dangote Oil(diesel) by vanbonattel: 2:06pm On Jan 14 |
Monopoly will ensure that he picks his selling cost and all you all can do is wail. 3 Likes |
Re: What Will Be The Price Of Dangote Oil(diesel) by Aleem26(m): 2:15pm On Jan 14 |
We are working on the price OK 2 Likes 2 Shares |
Re: What Will Be The Price Of Dangote Oil(diesel) by Good2go1: 2:19pm On Jan 14 |
Even if they ship it to the neighboring country are they not going to pay for it? I don't think it should be problem because there is no more subsidies 8 Likes 1 Share |
Re: What Will Be The Price Of Dangote Oil(diesel) by lwisee: 2:32pm On Jan 14 |
Just remember, when FG was subsidizing PMS, we were actually subsidizing for the entire West African region. 2 Likes 4 Shares |
Re: What Will Be The Price Of Dangote Oil(diesel) by degamonn: 2:34pm On Jan 14 |
It's only federal government that will benefit big from Dangote Refinery as less FOREX will be required for importation of petroleum products. As for the final consumers, I pray that we don't end up being worse-off as with the case of Cement currently. Secondly, he can decide to export all his products to the international market and we then important from there like the NLNG model. 1 Like 1 Share |
Re: What Will Be The Price Of Dangote Oil(diesel) by Chimarto: 2:53pm On Jan 14 |
degamonn:that's the thing. His cement is not affordable talk more of PMS 7 Likes |
Re: What Will Be The Price Of Dangote Oil(diesel) by vanbonattel: 2:56pm On Jan 14 |
lwisee: Now they are not subsidising it, let's see what your excuses will be now. 1 Like |
Re: What Will Be The Price Of Dangote Oil(diesel) by lwisee: 2:58pm On Jan 14 |
degamonn: This can never be possible, we would rather shutdown the Refinery. Trust me, Dangote cannot do that. NNPC(FG) owns a substantial part of the Refinery. 3 Likes 3 Shares |
Re: What Will Be The Price Of Dangote Oil(diesel) by ivolt: 3:04pm On Jan 14 |
lwisee:Quit with these lies. The west African region should have experienced massive inflation as Nigeria did due to the subsidy removal but they didn't. In fact, the price of their PMS has remained relatively constant. 6 Likes |
Re: What Will Be The Price Of Dangote Oil(diesel) by ivolt: 3:04pm On Jan 14 |
vanbonattel:See this economic illiterate. Where you not wailing now? How much is the price of diesel currently when your much-hated "monopoly" doesn't exist? 1 Like |
Re: What Will Be The Price Of Dangote Oil(diesel) by Paraman: 3:06pm On Jan 14 |
Less than #1000 1 Like |
Re: What Will Be The Price Of Dangote Oil(diesel) by Paraman: 3:08pm On Jan 14 |
vanbonattel:All the NNPCL refineries will start operation this year, Dangote can't monopolize the market. |
Re: What Will Be The Price Of Dangote Oil(diesel) by vanbonattel: 3:15pm On Jan 14 |
ivolt: There is still monopoly, since the FG regulates the impor of all the fuel |
Re: What Will Be The Price Of Dangote Oil(diesel) by vanbonattel: 3:17pm On Jan 14 |
ivolt: Do you mind the liars, they keep giving excuses with the West African neighbours while the neighbours enjoy all manner of amenities better than Nigeria. 4 Likes |
Re: What Will Be The Price Of Dangote Oil(diesel) by lwisee: 3:52pm On Jan 14 |
vanbonattel: What excuse, what are you saying |
Re: What Will Be The Price Of Dangote Oil(diesel) by degamonn: 4:16pm On Jan 14 |
lwisee:Does NNPL not have stake in NLNG? |
Re: What Will Be The Price Of Dangote Oil(diesel) by Khd95(m): 4:48pm On Jan 14 |
Dangote cement has the biggest supply chain in Africa, dangote cement is the costliest in Nigerian, so how you expect dangote refinery not to expensive Anything more than than what 400/liter is nonsense because they told us dangote refinery will take care of local consumption and still export excess to other countries, there won’t be need for subsidy payment since we won’t be exporting petroleum again🤡😭😂 2 Likes |
Re: What Will Be The Price Of Dangote Oil(diesel) by DMerciful(m): 5:43pm On Jan 14 |
What is your point? lwisee: |
Re: What Will Be The Price Of Dangote Oil(diesel) by RepoMan007: 5:46pm On Jan 14 |
Depends on Naira-dollar exchange value and inputs + reward. |
Re: What Will Be The Price Of Dangote Oil(diesel) by RepoMan007: 5:48pm On Jan 14 |
Khd95:illogical. He buys raw material at Intl price so expect close to Intl petrol and diesel prices. 1 Like 1 Share |
Re: What Will Be The Price Of Dangote Oil(diesel) by isan(m): 6:00pm On Jan 14 |
He'll sell at international price |
Re: What Will Be The Price Of Dangote Oil(diesel) by teaj007(m): 6:04pm On Jan 14 |
If you all want a cheaper PMS or Diesel. Go and tell FG to reduce the exchange rate. Because you can’t expect him to buy crude at an international price, in dollars o, and expect him to sell at a cheap price, because he loves Nigeria or what?. This is business I don’t expect the PMS to be cheaper than N1000/liter even after considering that there won’t be overseas logistics. The only saving grace here is if the Naira appreciates. |
Re: What Will Be The Price Of Dangote Oil(diesel) by Pythagoras001: 7:30pm On Jan 14 |
Closer to the price in neighbouring countries or higher. |
Re: What Will Be The Price Of Dangote Oil(diesel) by G00dharddick: 7:32pm On Jan 14 |
Dangote is ready to reap Nigeria off. Monopoly is really bad for business 2 Likes |
Re: What Will Be The Price Of Dangote Oil(diesel) by jmoore(m): 7:36pm On Jan 14 |
teaj007:So imported petrol being cheaper than Dangote petrol makes sense to you? 1 Like |
Re: What Will Be The Price Of Dangote Oil(diesel) by coputa(m): 7:44pm On Jan 14 |
Khd95:NNPC has 20% stake in Dangote refinery,so it's products cannot be exported when local demand is high. 1 Like |
Re: What Will Be The Price Of Dangote Oil(diesel) by teaj007(m): 8:51pm On Jan 14 |
jmoore:who told you the PMS you are currently buying isn't subsidized. Pls do your research well before quoting me. |
Re: What Will Be The Price Of Dangote Oil(diesel) by Khyrvxjzy: 9:41am On Jan 22 |
lwisee: ipob, it wont be well with you |
Re: What Will Be The Price Of Dangote Oil(diesel) by Floky215: 9:57am On Jan 22 |
ivolt: Don't mind they guy...that's the lie the druggy and his criminal gang sold to their poor thinking, low IQ supporters on subsidy removal...!! |
Re: What Will Be The Price Of Dangote Oil(diesel) by naptu2: 10:01am On Jan 22 |
lwisee: This is the reason why presidents from almost all West African countries were at the commissioning of Dangote Refinery. It is also the reason that the refinery is so large. Governments from other West African countries do not benefit from tax on smuggled Nigerian petroleum. In other words, they can't tax it. Dangote Refinery is going to supply other West African countries directly. If what is provided directly by Dangote is cheaper than what is smuggled, then it'll wipe out the smugglers. Dangote Refinery was built to absorb the demand in Nigeria and still have more to export to other West African countries. 2 Likes 1 Share |
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