₦airaland Forum

The deep state will never allow that

PlayerMeji:
They will soon label it a propaganda

read and understand before u comment.

Dangote pushing this propaganda so he has reason to sell petrol at a very high rate.

Even if it's 200/Ltr

It is okay

CodeTemplar:
it is suppose to lead to lower prices because they no longer ship out crude and ship in petrol. Transport cost is largely down. Labour cost too is significantly lower. Import taxes are gone too.

All these components you mentioned are insignificant to the price of PMS. Go and listen to the figures by GCEO of NNPC Limited.

# DAY 69 ( STOLEN MANDATE)
PRAYER: Lord give us the leader we voted for and not NEBUCHADNEZZAR

Menclothing:
Most people here don’t understand English 70 Naira will be saved from world price per Lit

Crude price fluctuations reason fuel is high Alll over the world currently is crude price

If it’s 612 per lit world price minus 70 Naira

70 Naira is cost of import on a lit

And you believe 70 naira is the cost of importing petrol? You have already fallen for the propaganda.

Since I was born,ive never seen pump prices in Nigeria go up and suddenly drop due to 'whatever forces'. Go and ask rice farmers for gist.

ipob handle mop will not like this

Before now, Ronu people go open their mouth wide dey shout: E go favour me and my family.
But now, this picture shows how Ronu people dey say "E go favour me and my family!"

Acekidc4:
🙄🙄How Significant is ₦70 When you remove it from ₦700/Litre🤨what can that one do🤨 Local Refineries should take back our Fuel Price to atleast ₦170/Litre. Anything more than that is Ripping!!

boss explain to me how local refinery can be selling at 170 and make profit?

gaby:
The same way local manufacturing of cement has reduced its price by #2k per bag.

All of una join head dey mad together...

assuming dangote or other manufacturers no dey produce cement for Nigeria and we import them. By now we cement for be 12k per bag

Bunch of saboteur.
They are the reason why our refineries are not working

Acekidc4:
🙄🙄How Significant is ₦70 When you remove it from ₦700/Litre🤨what can that one do🤨 Local Refineries should take back our Fuel Price to atleast ₦170/Litre. Anything more than that is Ripping!!

560-567 in most stations in Lagos.

Never seen ₦700 in Lagos.

PlayerMeji:
They will soon label it a propaganda

If its not propaganda buhari used 8 years to fix local refinery and we're still discussing about fixing? How do you think?

Acekidc4:
🙄🙄How Significant is ₦70 When you remove it from ₦700/Litre🤨what can that one do🤨 Local Refineries should take back our Fuel Price to atleast ₦170/Litre. Anything more than that is Ripping!!

Do you even know the cost to run a even 5000 barrel a day refinery? Even Venezuela that that has the lowest price self Somalia better pas am

How can the price of a product we take from our own land, refined on our land by our people be determined by dollar being used in international trading?
Are we a truly sovereign nation? Some people are using lie to enslave us and so we need real liberation.

These guys are dummies , how do they end up with the prices ?

Acekidc4:
🙄🙄How Significant is ₦70 When you remove it from ₦700/Litre🤨what can that one do🤨 Local Refineries should take back our Fuel Price to atleast ₦170/Litre. Anything more than that is Ripping!!

Show me one oil producing country that sells fuel at the equivalent of N200 per litre.

jmoore:
And you believe 70 naira is the cost of importing petrol? You have already fallen for the propaganda.

So can you tell us the cost of importing petrol per litre?

Acekidc4:
🙄🙄How Significant is ₦70 When you remove it from ₦700/Litre🤨what can that one do🤨 Local Refineries should take back our Fuel Price to atleast ₦170/Litre. Anything more than that is Ripping!!

Don't mind them. Just thieves already programming Nigerians mind towards not significant difference. The difference should be huge. How can Nigeria with a poor wages structure be competing production cost as advanced countries.

Production cost should be cheaper in Nigeria and the output price should be so low. look at Venezuela. Anything above #200/ltr at our own refinery is not worth it

SmartPolician:
You don't know that resources, time and expertise go into extracting crude oil, and E&P players must sell to refineries to make profit.

Local refineries will only bring about product availability and competition, but there's no guarantee that it will lead to price reduction.

Why won't it bring it down? do you even know the cost of taking our crude out to refined outside or the cost buying from international market then cost of transporting it back home with all the useless charges and dumerage at the port? if the local refinery can not produce and below N200, then there is n need for NNPC to remain being manage by a Nigerians.QED

Procashtips:
560-567 in most stations in Lagos.

Never seen ₦700 in Lagos.

Almost ₦700 here in Ilorin, i was surprised. I came for a Visit on Tuesday.

Acekidc4:
🙄🙄How Significant is ₦70 When you remove it from ₦700/Litre🤨what can that one do🤨 Local Refineries should take back our Fuel Price to atleast ₦170/Litre. Anything more than that is Ripping!!

Local refinery had it been it is not propaganda would reduce importation and naira gainng more strength.

Islie:
https://punchng.com/local-refining-will-reduce-petrol-price-by-n70-ltr-marketers/

so what's the other cost in the price of petrol that makes the price slyrockets?

I thought the fx is the reason for the spikes and subsidy intervention.

There's definitely another big scam somewhere else

Ofunaofu:
Which loss again is NNPCL taking

Check the whole sale price of petrol internationally then come back

Fuel is not supposed to be less than #1000 in Nigeria

SmartPolician:
You don't know that resources, time and expertise go into extracting crude oil, and E&P players must sell to refineries to make profit.

Local refineries will only bring about product availability and competition, but there's no guarantee that it will lead to price reduction.

You are getting it wrong. It should lead to price reduction because cost of production in a poor country like Nigeria SHOULD be cheaper.

The cost of crude oil per barrel can be fixed but cost of production varies depending on how rich (minimum wage) the country operates.

Acekidc4:
🙄🙄How Significant is ₦70 When you remove it from ₦700/Litre🤨what can that one do🤨 Local Refineries should take back our Fuel Price to atleast ₦170/Litre. Anything more than that is Ripping!!

You are delusional if you think the refineries, including Dangote's will bring down fuel price so significantly. It wont. What the IPAMN guy said is correct. It will only save you the landing cost, nothing more. Petrol will be sold at the international price, because these refineries will purchase the oil based on international price.

Secondly, there is no law that states that it must be sold to IPMAN. Dangote or NNPC can decide to sell to Indian or Algerian marketers on a first come first serve basis, afterall NNPC has been restructured to a profit-oriented limited liability company. It is no longer the NNPC of old.

At most, the refineries will save you 60-80 Naira. At best 100 Naira. nothing more

Simply means local refining will not take prices down significantly. Petrol will still sell between 550 and 650.

SmartPolician:
True, you have a point. But then, you have to consider that the cost of production is cheaper outside Nigeria. This is from former NNPC GMD Ibe Kachikwu because Nigeria lacks enabling infrastructure.... unless the government has fixed those things now.

https://www.google.com/amp/s/www.vanguardngr.com/2016/03/its-cheaper-to-import-petrol-than-refine-locally-kachikwu/amp/

what other enabling infrastructure does local crude refine require beyond a "Refinery" ??
fix what & what ??
please educate me why are Nigerian elites always hell bent on complicating life for the average Nigerians.

SmartPolician:
You don't know that resources, time and expertise go into extracting crude oil, and E&P players must sell to refineries to make profit.

Local refineries will only bring about product availability and competition, but there's no guarantee that it will lead to price reduction.

Many Nigerians don't know this, it's what Russia is suffering from the Gas fields in Siberia was been extracted and processed using western tech. As we speak the output have depleted due to lack of technology and technicians associated with the processing in order to maintain output.

Acekidc4:
🙄🙄How Significant is ₦70 When you remove it from ₦700/Litre🤨what can that one do🤨 Local Refineries should take back our Fuel Price to atleast ₦170/Litre. Anything more than that is Ripping!!

where fuel be 700?

larryUG:
You are delusional if you think the refineries, including Dangote's will bring down fuel price so significantly. It wont. What the IPAMN guy said is correct. It will only save you the landing cost, nothing more. Petrol will be sold at the international price, because these refineries will purchase the oil based on international price.

Secondly, there is no law that states that it must be sold to IPMAN. Dangote or NNPC can decide to sell to Indian or Algerian marketers on a first come first serve basis, afterall NNPC has been restructured to a profit-oriented limited liability company. It is no longer the NNPC of old.

At most, the refineries will save you 60-80 Naira. At best 100 Naira. nothing more

That's too Small🤔🤔