Donaldoni:
Hallelujah!!!

God is good!!!

I am excited

over nothing

Make e produce fuel first make we see am, all this media stunt sef.

I think before talking about the price or what to expect, CHECK his CEMENT price that is being manufactured here in Nigeria and the PRICE outside in our NABOURING country, even some importers and engineers at one time said it will be cheaper if they are allowed to import CEMENT, let's use our tongue to count our teeth, my wish is for us not to buy it higher or same, because if you sabi 9ja well you suppose no say nothing our politicians no fit do, and nothing go still happen, if he will sell for at least 500/L we go manage am

The reason why petroleum prices are high in Nigeria is because importation of the products, demurrage charges,taxes,etc were all paid in dollars to the foreign refinery owners and their government.
Marketers have to source for hard currency to import the product.
When the products finally arrive Nigeria, customs will collect their own charges too.
With the refining of the products in Nigeria all the hard currency that marketers source for to import it has been eliminated.Also foreign taxes have also be eliminated.
We are now refining our own products.So if Dangote refuses to bring down the price,he is a greedy business man because even the loans he used to build the refinery were provided by Nigerians.

jcflex:
PMS might btw 400 and 500
AGO might be arnd 700.

When you remove the cost of transporting crude to refinery out the country, also the cost of bringing in refine products into the country.
Vessel chartering to and fro

Trucks will load directly from the refinery tank farm.
Some charges are automatically eliminated.
NPA and NIMASA charges
NAVY and Custom charges
By the time all this are removed.
Definitely the price of PMS, AGO etc shld come down.

Except if the greed of Dangote cement will continue with the refinery.

what are you saying , do you know the loan on this Refinery needs to be repaid ? It’s not a charity business .
Even any attempt to bring it down beyond competitive pricing( which can be achievable when other players step in , right now he is the only player )will lead to smuggling of products to neighboring countries

Throwback:
Even if Dangote buys Crude Oil at international price that has been set, then his refined products should be cheaper that what we import, as importation (shipping) and port and custom charges have been totally eliminated.

Also, the cost of labour to operate his refinery in Nigeria is way cheaper than the cost of labour of the foreign refineries whose products we have been importing.

You are on point, but Dangote is too greedy for all these. I believe he will maintain the current price, perhaps his own would be slightly expensive.

Obajuxxl:
Una no dey read well, Dangote is not selling PMS (car fuel) only aviation fuel and diesel

Makes no difference, still the same marketers will buy AGO n jet fuel from him

millionboi2:
you mean you spend 100k on fuel per month?

100k is even small on fuel monthly now. I spend over 150k on fuel monthly on my two cars.

atobs4real:
Corrupt marketers looking for another reap off

Don't mind them, that is why they are anxious to know the price list.
Marketers is one of the major problem we have. They always look for a way to reap off the poor struggling masses.
This time, they shall be disappointed.

I still cannot see wat i wanna hear

Can dis bring down de product or we remain like dis, if not den it's useless to have it here in our society

Throwback:
Even if Dangote buys Crude Oil at international price that has been set, then his refined products should be cheaper that what we import, as importation (shipping) and port and custom charges have been totally eliminated.

Also, the cost of labour to operate his refinery in Nigeria is way cheaper than the cost of labour of the foreign refineries whose products we have been importing.

You are correct but it won't be automatic.

He has alot of expats working on site paid in dollars.

The cost of this and currency devaluation of the NGN to USD will be passed on to the end user.

Ultimately prices will find a common ground once operations is at full capacity

Chicagograduate:
The reason why petroleum prices are high in Nigeria is because importation of the products, demurrage charges,taxes,etc were all paid in dollars to the foreign refinery owners and their government.
Marketers have to source for hard currency to import the product.
When the products finally arrive Nigeria, customs will collect their own charges too.
With the refining of the products in Nigeria all the hard currency that marketers source for to import it has been eliminated.Also foreign taxes have also be eliminated.
We are now refining our own products.So if Dangote refuses to bring down the price,he is a greedy business man because even the loans he used to build the refinery were provided by Nigerians.

1.The loans were not provided by Nigerians. About one third of the loans came from Nigerian banks, most of the rest came from AfDB and international banks. CBN came in with some extra cash. (since repaid).

2. You are very right about all them costs gone however, Dangote still has to

a) Pay salaries that are globally competitive, and they have to be paid out of the profits made.

b) Pay taxes, and pay back loans. (If Lagos is not going to tax the refinery, then Dangote really has them in his pocket. We never even talk Federal government taxes).

c). Pay maintenance costs, expansion costs, etc.

The experts believe prices may come down by N70. They are being darn optimistic. Prices would only come down once government gets realistic, totally removes subsidy, which means domestic refining becomes profitable for smaller players to come in and set up modular refineries with financing from our banks.

Alba3:
It will certainly be better! Dollar and heavy payments for transportation are no longer involved!

Buying crude from NNPC, shipping abroad to process and using scarce Forex to buy and ship back is crazy. These people and Dangote group should be monitored not to rip off the masses!

Dangote does not owe the masses anything.

We run a capitalist economy largely driven by profit plus how do you expect him to pay off the loans

Now to your post. Crude is priced per opec pricing and even better to price in dollars than naira because naira pricing means devaluation will reduce any cost savings

Plus he has alot of expat working on site paid dollars.

He currently has about 3k Nigerian engineers in training to take over the Indians.

He has to do special training for the Nigerian engineers to avoid stories that touch at the refinery and because apparently our Nigerian engineers are desk top engineers just like we have alot of desk top analysts here....😄😄😄

In summary prices will reduce but not immediately

The man is not one of our Nigerian pastors that perform TV and social media miracles.

God bless Dangote
God bless Nigeria

Throwback:
Even if Dangote buys Crude Oil at international price that has been set, then his refined products should be cheaper that what we import, as importation (shipping) and port and custom charges have been totally eliminated.

Also, the cost of labour to operate his refinery in Nigeria is way cheaper than the cost of labour of the foreign refineries whose products we have been importing.

I don't trust all these marketers with prices issue as we can be shocked that they will start moving the products to Benin republic and other ecowas to maximize profit thereby keeping Nigerian suffering for what we produced. Its being rumoured now that some advanced payments and moves are ongoing to move larger % of first released products to other countries by weed marketers since the prices are higher than Nigeria. Pls let us help ourselves if possible by monitoring them. Take pictures and post them on social media. They normally move around 12am 4am across the border in hundreds of tankers. Law enforcement is not helping, Just imagine We Nigerian never chop bellyful and neighbors will be celebrating that Dangote has started production. We know they are bitter by removal of subsidy, now they want to catch up by all means

M sure we will all be shocked

ManirBK:
May it be more cheaper than expected.

Dangote cheaper? Just dey play

ManirBK:
May it be more cheaper than expected.

Amen

Chicagograduate:
The reason why petroleum prices are high in Nigeria is because importation of the products, demurrage charges,taxes,etc were all paid in dollars to the foreign refinery owners and their government.
Marketers have to source for hard currency to import the product.
When the products finally arrive Nigeria, customs will collect their own charges too.
With the refining of the products in Nigeria all the hard currency that marketers source for to import it has been eliminated.Also foreign taxes have also be eliminated.
We are now refining our own products.So if Dangote refuses to bring down the price,he is a greedy business man because even the loans he used to build the refinery were provided by Nigerians.

But wait oooo. Isn't NNPC the sole importer, so where is taxes and demmurage this mix? Also MNPC jave been doing crude oil swaps for Petroleum products so where is the taxes in this? You guys are just doing copy and paste from your propaganda WhatsApp group.

phemray:


I don't trust all these marketers with prices issue as we can be shocked that they will start moving the products to Benin republic and other ecowas to maximize profit thereby keeping Nigerian suffering for what we produced. Its being rumoured now that some advanced payments and moves are ongoing to move larger % of first released products to other countries by weed marketers since the prices are higher than Nigeria. Pls let us help ourselves if possible by monitoring them. Take pictures and post them on social media. They normally move around 12am 4am across the border in hundreds of tankers. Law enforcement is not helping, Just imagine We Nigerian never chop bellyful and neighbors will be celebrating that Dangote has started production. We know they are bitter by removal of subsidy, now they want to catch up by all means

And who told you the subsidy has been removed? Again even with the so called subsidy removal has smuggling of fuel across the border stopped? That propaganda sold the last time has failed.

yesloaded:
Ok

Now we know the reason behind filling station locking up their station

Abeg, let the price be 100naira per litre

Pity we V6 owner o, e no funny to dey use more than 100k to fuel just a car per month despite the fact sey I no dey do Uber

Abeg o

Hello Lemoma international, as much as the economy has been choking, I am available to pay annual returns for your company from 2019-2023. Kindly reach out to me whenever you are ready. Thank you

ManirBK:
May it be more cheaper than expected.

It is not about been cheap. When petrol was sold for 11 naira a liter, many could not afford it and Nigeria was considered bad then too.
What we need is good healthcare, superb infrastructure, abundance of food, good and well paying jobs.
Industries like the Dangote refinery will provide good and well paying jobs as well as conservation of our forex. Coming with that is the spiral effects on the rest of the economy

Gas is a good deal, since the refinery will be producing gas, this will definitely boost our economy output

Dangote price can only reduce when there's enough competition in the market, for now expect the same price

Was the fuel price hiked so Dangote could reduce his price to normal and blow the market?🙂

ecolime:
Most of these greedy marketers will soon be out of business.

The days of reaping Nigerians off while hiding under FX rate are over.

Waiting to see what their selling price will be 👀

And u think dangote too is not greedy .
How much is his cement, sugar and spaghetti?

Hoelujohn:

I have the list. 495 for petrol and 813 for diesel

What's the difference

It's all planned
They used subsidy to increase it for dangote
If subsidy was not removed and the fuel is still 185naira per liter, how much will dangote sell when his refinery starts?
They hurriedly increased it to 600naira so when dangote starts his refinery his fuel price will be brought down to 400naira and we will cheer him to be our Messiah , then tinubu and his hang of thieves gets their share from dangote

God bless dangote

Dangote should have mentioned Ambode in his statement - the guy gave him land when he was being billed by Rivers people when he initially wanted to site the refinery there.

ceejay80s:
It's all planned
They used subsidy to increase it for dangote
If subsidy was not removed and the fuel is still 185naira per liter, how much will dangote sell when his refinery starts?
They hurriedly increased it to 600naira so when dangote starts his refinery his fuel price will be brought down to 400naira and we will cheer him to be our Messiah , then tinubu and his hang of thieves gets their share from dangote

poor submission.

when a whole country of more than 200m individuals are waiting on one private individual, you know there is a big problem!

Dangote will cause scarcity and fuel price will eventually skyrocket..