₦airaland Forum

Henjor48:
Yes, I am in full support of this competition as long as the quality & standards are not compromised.

So, let the competition continue to kill monopoly.

Thank you for your attention to this matter

competition importing lower quality petrol, announcing a lower ex-depot prices and selling at higher pumps compare to high quality petrol coming from Dangote refinery.

Harmony22:
Everyone can now agree that Mr Farouk that was having a confrontation with dangote then as regard importing of petrol was right all long. Nigeria is a country where an average business want to make big return on their investments within a very short time at the expense of exploitation of the masses because the masses here endure and adapt hardship so fast unlike the western world..

It is only the importing price of petrol that was forcing dangote hands to reduce the petrol price to force out the marketer out of the market so they sell at a lose and not being intentional about it to the masses. In coming days now you will see how he will reduce his gallantry price in order to be more cheaper than the imported fuel so people will be force to buy from him alone. More licenses should be issued to the importer so the market won't be monopolized and his head will be correct then.....

Continue to consume substandard petrol that destroys your engine and quote imaginary monopoly and competition theories

JuanDeDios:
Never. Let's hope the other refineries come on stream soon - to at least weaken the present monopoly a bit.

Continue to quote imaginary monopoly where the government in power deals with you mercilessly

boxypane:
Who be this one? Well I know your type, the ones that attributes tribalism to any critique on your favorite politician. Have a rethink, just maybe you go wise up.
You just feel you can quote anyhow? Me no get your time o!
We dey find meat for soup, kpomo dey show face... Gerrara-here. Your money wey you dey save to buy bicycle loss?
Nor be your fault sha... E be like say to own and ride car still be imagination for you.

I didn't ask you to describe yourself

yommen:
While he, Dangote sells to neighbouring countries at cheaper rates.

Did you expect other countries to buying higher with you who use tribe and religion to vote in government that increases taxes?

lrdval:
Tell Dangote that he has fewer years to live than what he already lived. He will not pack this money to heaven. Even the kids will never be poor. Let him and the government stop exploiting Nigerians.

It is now exploiting and no longer the market forces of demand and supply will determine the price of petrol.

Difrent:
Read an article that tried to explain this. It was discovered that Dangote sells petrol a bit cheaper to the other west African nations so our ever innovative importers devised a means by which they go to those other countries mop up the cheap petrol and bring it back to Nigeria and ironically it will still be cheaper than what Dangote is selling to Nigerians
I'm one of those who used to see nothing wrong with Dangote monopoly but changed my mind after reading this article
Mans just exploiting his fellow Nigerians
Yes I know he a capitalist

To be sincere you missed the whole economic lesson.
1. Any product manufactured in any is only subject to that country's taxation.
2. Buying a product from a foreign country exclude that country taxes and includes the importing country taxation.
3. Manufacturers are obliged to sell there products to foreign buyers at ex-factory price which is the manufacturers cost of production and profits.
Now, this is were you got for it wrong.
1. Dangote selling to other countries exclude Nigerian tax laws.
2. Those countries have favorable tax laws compares to Nigeria, hence Nigerian sells cheaper there compare to Nigeria.
3. The idea of importers going there buy and resell in Nigeria is total lies and scam to put gullible on there because of they have a landing cost of ₦900+ per litre, after adding Nigerian taxes. It sell for ₦1,400+.

GreenCovering:
Where are those running with the argument that Dangote is still processing crude oil he bought at higher prices as a reason for why he has not significantly brought down the ex-depot price? Should he bring it down to below this ₦983.92 per litre now, then you should realise that he has been greedy about the pricing after all he also had lower priced feedstock processed for higher priced fuel at the beginning of the global crises. I like Dangote and I want his refinery to blossom but I have also learnt to stand with the general good of people rather than the capitalists.

You guys are quick to remember that importers quotes a lower ex-depot prices and sells higher pump Dangote

FutureFocus:
If true, Dangote should be forced to take his price below that or importer giving approvals to bring in 50% volume to teach him a lesson

Imagine forcing an iPhone retailer to sell iPhone 17 at iPhone 11 price

yemre:
I hope some people can now see the reason I was against those who claimed that we were not supposed to be importing again just because we now have a local private refinery.

For crying out loud, fuel was sold for #739 when crude was sold for $70 in February. It climbed to #1324 when crude was $120 . Now same crude is back to $68.8 and the fuel doesn't want to come down in the same progression. Someone should please tell me why a liter of fuel should be sold for more than #710 as of today if not for exploitation!

These people are in business to make money and it's just unfortunate that we don't have enough competition in the downstream sector of oil and gas industry. By now, we should have about 10 other local refineries competing for customers.

In the absence of that, pls let's have about 100 companies bringing in petrol into the circulation.

I hope you know that those filling stations selling imported petrol sells higher than Dangote with lower quality

stuffs2002:
Dangote is worse than an armed robber.



Dangote that is supposed to be cheaper than the landing cost of foreign fuel is now far more expensive.

Imagine high quality octane 95 petrol cheaper than substandard octane 89 petrol

opera1:
Still wondering how local product icost pass foreign/imported products.

Still how in 2026 you are to realized that you buy petrol at pump prices and not depot prices.

Poske95:
See the reason why the APC government is a pain to the people.
The government speaks for the Capitalists and then drive their policies .....then what is their duty ?!
...and it ends impoverishing the people

All of sudden, APC that is a full blown communist is now capitalist.
Why are communist so good at blame shifting?

Josywhyte:
Why should we as oil producing nation be buying pms at N987? It's still on the high side. 200 at most

When your naira exchanges for ₦1,360/$, what do you expect?

Akwara25:
Dangote is the biggest problem of Nigeria ..
Upon he's doing business with Nigeria storen money but he doesn't have conscience for Nigerians... God bless those that are against Dangote evil plans of monopolization of our oil sector.

The biggest solution of Nigeria has spoken, shifting blames!

omoredia:
Dangote is a crook. This is a man that Buhari literally collapsed our economy to give him cheap fx to build the refinery. Evil

Cheap forex?
Which one is cheap forex again?

boxypane:
Last last, na electric car I go buy. Coz even if person shift enter CNG, they will make it difficult in the long run. A responsive Government will re introduce subsidy, bypass Dangote and fully take over import of crude products by bypassing the evil marketers too.

After using tribe and religion to vote in government, it is now the imagination you wrote that will saved you?

Fortune109:
😏

Come you are just derailing like WTF! Is this deliberate or what??

Did the report talk about Government Setting the Prices for Dangote? No!

In this thread...Has anybody said Subsidy should return?? No!

You brought up the two issues yourself and you argue it all on your own...

Is it a crime for people to ask Dangote to drop prices now that the Crude Price has dropped like he hiked them quickly when Price was high??





Are people even normal anymore!

Is it also crime for people to understand that they will not buy old stock at new prices?

Fuckyoumod:
ooh...So You are scared of selling akara and kuli-kuli all you life? You don't want to but want 170 million Nigerians, master degree holders, millions of graduates and other hard working Nigerians to sell akara and kuli-kuli on the street. You need a head evaluation.

Continue to describe yourself!

Reference:
But what people are saying is that when crude prices go up, the response is almost instant, gasoline prices sprint after it....so I ask you also....WAS IT REFINED FROM OLD CRUDE.... So your argument is invalid. Moreover gasoline prices have retreated by much .more in other countries. Do your investigation. Do they operate a different kind of capitalism.

Anyway this is exactly why I had been incensed when NIGERIANS fought for Dangote to flush out unionism when they know that Dangote is the defacto NNPC refinery, that is a complete monopoly in domestic refining.

Unionism amongst many things is A PUBLIC WINDOW into the operations of any organisation or industry as a whole. Through union members the internal workings of a company, the decision making, operational modalities, challenges, advantages, strategic planning, all that stuff leaks out. Making it is more visible on radar.

So just as we knew NNPC's refineries were not properly maintained, were not fully operational, were blending rather than refining despite government's denials and coverups so we will have known what makes for the persistent high prices of fuel products the Dangote refinery is churning out.

You simply cannot subject a country of 200 million people dependent on one gasoline tap to remain deaf and blind to what is happening. How do you begin to control what you cannot even reach.

Dangote has desperately fought to make this a sellers market and with every passing day of victory and the withering of all checks and balances, Nigerians are in for a most uncertain future.

Your major problem according to your comment, other countries government introduced subsidies and remove taxes on energy products during the war while your own government did the opposite.
Secondly, if unions cares about you as you claimed. Have ever asked yourself where the unions were silent when Tinubu removed petrol subsidy.
There is no petroleum products subsidy in Nigeria, so expect prices to follow the rocket and feathers principle.

Apus:
Which kind Olodo question be this

Pre US-Iran war, petrol @ $72/barrel was sold for about N650. Is it justifiable that it is being sold for N1,200 @ $69/barrel?

Olodos are those who thinks they will buy old stocks at new prices.

Fuckyoumod:
I laugh at you because you will keep selling fried akara and kuli-kuli all your life

I didn't ask you to describe yourself, but since you did. No problem!

KomonSense:
Premium Motor Spirit (PMS or Petrol) import landing cost has dropped to N983.92 per litre as st June 24, 2026, falling below Dangote Refinery’s gantry price of N1,125 per litre, according to data from the Major Energies Marketers Association of Nigeria (MEMAN).

Comparing the prices of octane 89 petrol to 95 petrol

Fuckyoumod:
I laugh at people who think monopoly in any economy is a progressive economy or anything good to the people.

Right from time immemorial economic monopoly of any form has always been a bad thing. it's getting clearer by the day that Dangote does not mean well for this country.

Dangote refinery should never be allowed to be the sole supplier of fuel in an economy as weak and dying as Nigeria's.

Fuel should be between 698 - 750 naira by now.

I even laugh at people like you who believes in imaginary monopoly after using tribe and religion to vote in bad government

HacheNoire:
Is the quality same?

We know what Nigerians go for-cheap adulterated low octane fuels.

Why Nigerian mechanics will continue to get rich!

Especially those ones that buy Mercedes and Audi, their mechanic can never lack.

Leave to be celebrating marketers who import octane 89 petrol and sell it to them as octane 95 petrol.

ironheart:
This means selling petrol at N300 is possible. But our wickedness will not allow us. The government was quick to remove subsidy and abandoned the masses to the dogs..

When will you stop deceiving yourself?

Macphenson:
Pls NNPC should give more importers license to import fuel. This is exactly why Dangote is against those licenses so that he can have monopoly of the market and exploit Nigerians recklessly.

I hope you know that Nigeria imports Octane 89 and 91 petrol and sell it to you as octane 95. It is just like a phone seller, selling you iPhone 11 as iPhone 17.
Let's not forget that the importation is funded with borrowed dollars collateralized by crude.

Regsys:
Monopoly never did the consumers well.

Imaginary monopoly after using tribe and religion to vote in bad government

ccollins:
it seems you are working for dangote media team to protect his image and pr. You better stop your selfish reasoning for dangote. His refinery is not greater than the well being of over 200 million Nigerians. Nairaland era should take note of dangote boys who are justifying the wickedness of keeping fuel prices up

The 200 million Nigerians when the government they voted into power removed petrol subsidy and now wants Dangote to subsidize petrol for them. What level of stupidity is that?

MrPOTUS:
Don't mind them @nairalanda1, they can defend every rubbish

Giving license to just a few to build refineries still doesn't help. It becomes an oligopoly market, not good for the economy, look at the cement industry.

License to build refineries should be given to as much people as possible that can afford it.

Marketers should be allowed to import as much as possible.

The government should bring that industry down to as close to as a perfect competitive market, let see if prices of fuel won't fall.

Dangote shouldn't be given all the power, he only thrives in a monopoly market

If you like, give licence to 1 billion people to build refineries, you will still buying at the current price you are buying.

MaziObinnaokija:
Dangote sha wan frustrate/ strangulate NIGERIANS with his WICKEDNESS

Wickedness is when you kept quiet when government remove subsidy and still want to buy at subsidized rate.

MrPOTUS:
Stop spitting out rubbish alaye

What is his cost of production?

If marketers despite the variance in exchange rate can sell below 1k per liter, how much more a person that refines himself.


It's like a retailer selling cheaper than a manufacturer, no be juju be that.

Quit trying to be clever by half

You aware that marketers are importing substandard petrol?