Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,196 members, 7,815,170 topics. Date: Thursday, 02 May 2024 at 08:30 AM

Petrol: Oil Marketers Propose N550/litre Price To Dangote - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Petrol: Oil Marketers Propose N550/litre Price To Dangote (17563 Views)

Petrol: Oil Marketers Shut Filling Stations As Scarcity Spreads To Lagos, Enviro / Forex Crisis: Marketers Propose ₦‎720/Litre, Suspend Fuel Imports / N300 Per Litre Price Of Petrol Is Not Bad – Petroleum Minister, Sylva (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Eagle360(m): 7:42am On Apr 08
God please upgrade my life, this suffering is enough.

3 Likes

Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Blaze14k: 7:42am On Apr 08
Nazgul:
Haba, N550 is too much na. NNPC in Lagos is currently selling at N568 so what's the difference between N550 and N568. Barely N18.

They should propose from N400 and below. Anything outside that would not really make any difference.

Am afraid dangote can't go that low cos he has so many stakeholders in that company
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by bdon123(m): 7:43am On Apr 08
Kokadomfreedom:
After commissioning this refinery last year during Buhari's regime, it is one rhetoric or the other we keep hearing without anything to show.
Plenty stories...refinery is truly not complete
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by franchasofficia: 7:43am On Apr 08
And Nigerians were expecting petrol to fall to 450 per liter when Lankoteyi refinery starts to work.


APC evil government even promised lesser cheesy
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by DMerciful(m): 7:44am On Apr 08
Crash diesel price from where to where?
Babangidapikin:
Proposed ke, let him sell at what is profitable to him and his company... Buy Nigeria products you na go dey do shakara ... Glo crash MTN .. Air Peace don crash that yeye Proposed National carriers price ..Messr Dangote Refinery don crash Diesel price ...Buy made in Nigeria products... Nigeria products don't bite your pocket ...
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by franchasofficia: 7:45am On Apr 08
samomoli:
The government told us, if dangote refinery comes on board prices will crash massively, what is now the difference in price of petrol
Ask APC evil government and their brainless supporters grin
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by DMerciful(m): 7:46am On Apr 08
Are you guys really enlighten enough for democracy?

Hope you know we're paying fuel subsidy now? We're also defending the naira
oz4real83:
They don't allow the forces of demand and supply to determine prices anymore in Nigeria, anybody can just wake up and fix prices as he or she wants and Nigerians will still suffer under the system without the govt or labour unions doing anything about the situation embarassed
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Homiesjinxbank: 7:47am On Apr 08
Anything less than 300 is welcome
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by housemove: 7:47am On Apr 08
550 n u call it benefit
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Nazgul: 7:50am On Apr 08
Blaze14k:
Am afraid dangote can't go that low cos he has so many stakeholders in that company
If independent marketers are proposing to by at N550 from dangote, how much would they sell to consumers? NNPC is currently selling at N568, if independent marketers begin to sell within that range, would you say the refinery benefits the common man?
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Acidosis(m): 7:50am On Apr 08
Nazgul:
Haba, N550 is too much na. NNPC in Lagos is currently selling at N568 so what's the difference between N550 and N568. Barely N18.

They should propose from N400 and below. Anything outside that would not really make any difference.

They're proposing N550 to Dangote, not you. You think they're buy at N550 from Dangote and sell to you the consumer at N550?? Hehehe


Nigerians sha. The same Dangote wey una dey insult everyday over the price of locally-made cement, sugar, etc. has suddenly turned to una saviour. LMAO.

1 Like

Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Willed042(m): 7:51am On Apr 08
KEVIND:
Why is Dangote not helping Nigeria drive down the price of petrol & diesel just like Allen Onyema of Air peace is doing in the Aviation sector.
Pls Aliko Dangote help Nigerians by dropping the price to at least 300 Naira for petrol & 700 for diesel.
Thank you
Being patriotic is not by mouth wordings but by actions. Most of those who u think are really patriotic or call themselves patrot is actually worst off. It is what u did to make the nation and its citizens better makes u a patriotic and not just saying I am a patriotic citizens. Patrot as how, what have u done to the nation?
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Blaze14k: 7:55am On Apr 08
Nazgul:

If independent marketers are proposing to by at N550 from dangote, how much would they sell to consumers? NNPC is currently selling at N568, if independent marketers begin to sell within that range, would you say the refinery benefits the common man?

That is the problem.. now dangote import his crude from United States. I'm just wondering why these guys are playing with our intelligence
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by LordAdam16: 7:58am On Apr 08
Acidosis:


They're proposing N550 to Dangote, not you. You think they're buy at N550 from Dangote and sell to you the consumer at N550?? Hehehe


Nigerians sha. The same Dangote wey una dey insult everyday over the price of locally-made cement, sugar, etc. has suddenly turned to una saviour. LMAO.

It'd be funny if it wasn't so sad.

Dangote can sell to literally anybody on the planet.
His refinery is right on the shores of Lagos. Load and go.

But somehow they expect Dangote to sell below the current international rate when even Benin Republic will buy at higher prices.
Everybody sells something. It could be goods for profit or services for salary.
Yet, for whatever reason, they expect someone else to do something they'd never do.
Sell below cost price when there's literally a litany of buyers who are fighting to pay the going rate for your goods.

-Lord

1 Like

Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Omoboricash(m): 8:00am On Apr 08
Kokadomfreedom:
After commissioning this refinery last year during Buhari's regime, it is one rhetoric or the other we keep hearing without anything to show.
So you havent heard of diesel and aviation fuel production from dangote refinery?

1 Like

Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Ebinpawo1: 8:07am On Apr 08
Why are marketers the ones fixing the price?
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by CCIA: 8:11am On Apr 08
Babangidapikin:
Proposed ke, let him sell at what is profitable to him and his company... Buy Nigeria products you na go dey do shakara ... Glo crash MTN .. Air Peace don crash that yeye Proposed National carriers price ..Messr Dangote Refinery don crash Diesel price ...Buy made in Nigeria products... Nigeria products don't bite your pocket ...
IPOB will not like your comment
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by LordAdam16: 8:11am On Apr 08
Ebinpawo1:
Why are marketers the ones fixing the price?

They are negotiating.
If Dangote's price is not low enough, they'll continue loading from NNPC.
NNPC will then enter a backroom deal with Dangote.

Personally, if I'm Dangote, I'll rather solely deal with NNPC for gasoline.
Diesel and other deregulated products can be sold through marketers.

-Lord
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Phred1717: 8:20am On Apr 08
This blood sucking marketers want to have control in everything. They fail to understand that with time the market force will determine the price.
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by backtalkG(m): 8:20am On Apr 08
HeeBraHim2:
..hj
farm
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by frankputer: 8:22am On Apr 08
rinzaugustine:
Lol..let us view this with common sense. Tinubu said he increased Nigeria oil production to 1.5m bpd. Nigerian oil, Venezuela etc is known as sweet crude and one of the best in the world. The aim of dangote building a refinery was to receive crude from Niger delta, refine it and make fuel, kerosene and diesel cheaper than imported ones and save Nigeria trillions of naira in loss to petroleum importation. Why would same dangote now need a large chunk of the country’s foreign exchange to import petroleum products from overseas at rates subsidized by FG for a completed refinery, similar to what petroleum marketers have done in the past more than 20 years?


Have you forgotten that your
The last administration collected loan in USD,
With a promise to pay back with crude oil for a period of some years. ?
So you don’t know what have been going on ?
That’s why Dangote need to catch/level up by importing
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Nazgul: 8:25am On Apr 08
Blaze14k:
That is the problem.. now dangote import his crude from United States. I'm just wondering why these guys are playing with our intelligence
So after all the hype about this refinery, it still wouldn't benefit the common man cos we'd still be buying fuel for the same amount we were buying it after subsidy removal. This country is gone.
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by blancsn1: 8:26am On Apr 08
That one even good the Orient Refinery the pandora Criminal Peter Obi commissioned over almost two decade ago we no hear rethoric talk more of a single litre of fuel.



Kokadomfreedom:
After commissioning this refinery last year during Buhari's regime, it is one rhetoric or the other we keep hearing without anything to show.

Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Blaze14k: 8:28am On Apr 08
Nazgul:

So after all the hype about this refinery, it still wouldn't benefit the common man cos we'd still be buying fuel for the same amount we were buying it after subsidy removal. This country is gone.

I noticed a foul play when fg borrow $3billion in exchange of crude oil for a period of time

1 Like

Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Johnson5258: 8:29am On Apr 08
I honestly do not understand them, Diesel crashed from 1,700 to 1,400, that's #300 naira difference, and they want to be lifting at 550 to sell at the amount they didn't communicate, what's their business with controlling the price? FG needs to sanction them on this, maybe I'm wrong and I don't mind being tutored. We need that fuel at less than #200, let them lift it from Dangote #100.Don't they understand the word hardship?

gigabyte13:
Dangore never talk price, una don dey tell am how much e supposed sell....
Evil people.....
Dis one sef na government fault abi
Very very evil people...
Una see wertin una Papa and Mama wey dey do oil business dey cause abi....
Issokay
We are all NIGERIANS

3 Likes

Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Catalyst4real: 8:30am On Apr 08
Filling stations are still selling at 700/litre. Nigerians are really wicked to one another.

1 Like

Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by Timtim007(f): 8:30am On Apr 08
Villagesquare:
Give license to Modular Refinery and regulate it. Then watch petrol flood the market and the price will naturally come down. Everything no be rocket science nah
I swear my uncle say's this all the time..all this dominant /monopolistic companies need massive competition..that's the only way to drive down price..
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by maxzzo1(m): 8:31am On Apr 08
Personally I don't Trust this Dangote.....I was expecting d pricing should be from 350 - 400 per liter abi no be Locally refined.....?
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by iamtoofan: 8:31am On Apr 08
Babangidapikin:
Proposed ke, let him sell at what is profitable to him and his company... Buy Nigeria products you na go dey do shakara ... Glo crash MTN .. Air Peace don crash that yeye Proposed National carriers price ..Messr Dangote Refinery don crash Diesel price ...Buy made in Nigeria products... Nigeria products don't bite your pocket ...


Base on the Fact that Nigerians are the Most Greed & self centered Bastards on planet earth both marketers and dangote should not be left alone to decide fate of Nigerians ... they have cos human face

As much as Dangote has every right to decide "PRICE" .. govt/nlc must jointly review the computations and profit margin

1 Like

Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by unitysheart(m): 8:34am On Apr 08
rinzaugustine:
Lol..let us view this with common sense. Tinubu said he increased Nigeria oil production to 1.5m bpd. Nigerian oil, Venezuela etc is known as sweet crude and one of the best in the world. The aim of dangote building a refinery was to receive crude from Niger delta, refine it and make fuel, kerosene and diesel cheaper than imported ones and save Nigeria trillions of naira in loss to petroleum importation. Why would same dangote now need a large chunk of the country’s foreign exchange to import petroleum products from overseas at rates subsidized by FG for a completed refinery, similar to what petroleum marketers have done in the past more than 20 years?

Calm down.

Nigeria have obligations to fulfill for now. Don't forget that they have agreed to various swap deals before now. Until they see out those agreed deals, they may not be able to supply what Dangote fully needs.
Re: Petrol: Oil Marketers Propose N550/litre Price To Dangote by lavylilly: 8:37am On Apr 08
Villagesquare:
Give license to Modular Refinery and regulate it. Then watch petrol flood the market and the price will naturally come down. Everything no be rocket science nah
They won't do because FG has a share in dangote refinery

(1) (2) (3) (4) (Reply)

FG To Start Paying Ex-militants On Monday / Mohammed Uwais Visits Atiku Abubakar (Photos) / Alabi Isama: North Has The Richest And Poorest People In Nigeria (Video)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 44
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.