₦airaland Forum

Sugarboyy:
If the government stop the importation, monopoly will set in and Dangote will increase his price to maybe 1k. Then, no marketer will be able to challenge him because there won't be alternatives.
It's the same mistake the FG made with cement. Even when almost all resources needed for the production of cement is sourced in Nigeria, cement is still 10k per back.
If the FG opens the borders to cement importation, within 6 months, cement price will reduce to like 5-7k per back.

COMPAQ:
There is no nonsense price war. Prices are reacting to lower crude prices and better exchange rate, both of which are the two key determinants of the price in Nigeria

galserv:
Good

Subsidy removal is yielding fruits

Babangidapikin:
Cement price is going up because Government is over taxing the sector and the currency is not stable to plan long term. Dangote and NNPCL competition is good, provided they don't fail as a company because most of their exposures is going to affect the Nigeria economy adversely if they both fail.

SmartyPants:
It's a free market. Everyone is free to source from wherever. Thus creates room for fair competition that leads to fair pricing.

donsufia:
You are wrong here. Monopoly is the worst thing in economy. Let Dangote face competition at list for the first time and know how it feels. I can assure you, but not this competition from NNPCL, Dangote fuel would go for over 2k per liter. If you doubt me. Checkout Cement price.....

kabillion:
Imagine Obasanjo removed subsidy in 1999. Fuel for not reach 100 naira in Nigeria

fuckJones:
competition is good for any market

ufotunang:
That is good..see what competition in the petroleum sector can do..it can bring down the price of fuel and other petroleum products ..that is why competition is good

Capernum:
Is it not beneficial now? Let them keep importing, as naira appreciates, the price will keep falling...

Dangote and nnpc will do the needful to stay afloat in the market.

The competition is healthy, just that in Nigeria, the more you look, the less you see.

EponObi:
Abeg shut up. It's not by force to comment.

What is happening is result of supply and demand and the effect of the free market in the downstream sector. No business man will do business at a loss. The price reduction will keep happening so far global crude oil price keep crashing and these importers and Dangote still have room to wiggle with respect to profit.

Elemi lo ma last. Meaning "only the strong will survive".

When Tinubu said something to that effect last year during his media chat, he knew what he was saying. But as always, majority failed to pay attention (like they always do) to concentrate on irrelevant stuff.

And what do you mean by "What is important is for the regulator to stop this importations before it creepies Nigeria Economy"

Lmaoooo. It's either you are slow or you doing the dirty work for Dangote. Lol. So we should stop importation of PMS so Dangote can roam free to fleece Nigerians like he does with his cement business and how our local farmers r@aped us for years?

FalseProphet1:
I see fuel dropping to N200 per liter before June this year.

This I have seen.

galserv:
He did. But the devaluation of the Naira reintroduced it until it began to be factored in.

Drella:
I don’t trust Nigerians, they will abuse it.

Some will use their personal security to evade arrest, harass other people, carry out criminal and illegal activities, and many more.
People do this with government security personnels, how much more private security!

iwaeda:
You dont know chemistry.

galserv:
Nope. Subsidy removal the government is no more paying the difference between cost price and selling price. It has nothing to do with importation.

FarmTech:
How will u feel when u buy petrol at 1000 per liter to resale. Then the price dropped to 900 per liter? Let's leave petrol and go to thaat bizness u're doing. Can u survive it? So they're right for complaining.

masterfactor:
Gone are the days where one entity determines the price of fuel. Deregulation of PMS is the best policy from Tinubu. Let their be competition, it good for the final consumer.

Wimkeh:
I don’t support the subsidy merchants but trust me, you do not want Dangote to monopolize the fuel sector. It’ll be very bad. He’ll be the sole determinant of fuel price just like cement.

ironheart:
Funny how Dangote shot himself on the foot when they asked him how much he will be selling the fuel and. He said NNPC will determine the price.

I believe petrol can sell for less than N400. No right thinking man will import product if they can get it cheaper.Importers are importing because of the secret subsidy that comes with importation.

Its lucrative to import despite logistics, and other cost attached to it.

galserv:
God bless Tinubu

Subsidy removal is the best thing to happen to this country

Just look at how the l*natics are reeling in pains

CXLVII:
Politics and business never mix!

X outage

Tesla sales and shares falling faster than the Naira that the US president had to start begging on his behalf.

Elon is on the wrong path and no one is telling him.

TheBillyonaire:
It is a dilemma of some sort.

Dangote owns multiple oil wells via MRS.

grandstar:
NNPC says it does not import petrol any more.

If the petrol is substandard, that is an offence that should be punished by the appropriate agencies.

nairalanda1:


Subsidy has gone.If not, you would have been buying fuel at less than 400 naira by now

grandstar:
If importation is banned, Dangote would fleece Nigerians as he did with cement.

It is better this way.

gabbasin:
there's nothing wrong in importation, we can't create a monopoly, if Dangote produce enough petrol and his price is cheaper than that of imported, definitely no one will want to import. But if importers feel landing cost can still compete with Dangote's price, the tendency for them to import will be there

LAFOCUZY:
This is no story. It is a free market driven by market forces. You can choose to import or refine locally. Market forces will drive competition otherwise we might be in another cement monopoly

JuanDeDios:
Exactly. Let the market decide. If it's still profitable to bring in foreign products, Dangote and PH refinery have to do better.

Aonkuuse:
Competition will soon set pulp price at a realistic level

easytig:
Cuppy grand dad Michael otedola was former Lagos State governor,he stole government funds ,hid it then passed away,the son Femi otedola Invested stolen wealth into oil and gas,and lived opulent lifestyle,his only son and heir apparent, Fewa otedola has special needs who has been hidden from the world for shame sake.fewa can't talk without spit drooling from his mouth

iwaeda:
Kerosene octane level is 15, this is basic Chemistry, Gasoline have higher octane.