₦airaland Forum

Jakarta:
As in big paint rubber or normal custard cup equivalent? If the former still very cheap, if the latter it still favours the buyer, farming no be small pikin play.

manmade:
Did you say crying? On the contrary, I’m already celebrating the victory in advance. This is to tell the OP and others like you, opening threads everywhere about Tinubu, to reserve your energy — your days of crying are still ahead. 😭

nairalanda1:
I don;t think you are interested in a discussion

Plus dangote isn't on subsidsied forex, that thing ended ages ago..plus his refinery was built mostly with bank loans and so forth

It's no use, you want cheap fuel.

Good night.

FSBoperator:
Inventory !

Try and understand what it means .

As a petty trader you are, do you adjust prices of goods in your stock when the current price of what you have crashes?

Lithiumite:
Imagine you sell bottled water and your cost price is 1,200 to sell at 1,500 a pack,you still have stock to last you a week but you get news that prices have gone up to 1,300 a pack,yoi will have to increase price to 1,600 despite you bought your current stock at 1,200,you need to hedge against the 100 naira increment and maintain your profit margin of 25%......you will have to increase prices immediately.

When you then restock at the new cost price of 1 300 to sell art 1,600 but you then hear again prices has dropped back to 1,200,you cannot immediately reduce your selling price back to 1 500 because you bought at 1,300 and you will need to still retain your 25% margin.

Dogalmighty17:
Let me try explaining to you OP since you are obviously too lazy to research issues yourself.
Crude oil tankers take weeks to arrive at ports of destination. The price that crude was bought, determines how much the resultant fractional units gets sold for. It doesn't matter if price drops when that ship is still in transit and the refinery has to process its contents. The refinery will sell products at the price of the latest import.

If the refinery orders more crude at a lesser price, then prices at the pump will come down. Let's not forget that Dangote still sources his crude from outside. He has to offset that before little gains can start coming in.

Gotocourt:
1-2wks before price reflection 📌💯

GEJDHERO:
Thats why Dangote must not be allow to have a monopoly.Licenses should be issued to as much importers as possible.