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Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote (21893 Views)

Our Refinery Will Supply First Product To Market By July, Says Dangote / Naira Redesign Won't Reduce Inflation Or Strengthen Naira / Nigerian Economy Will Blossom, Says Dangote (2) (3) (4)

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Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by morgstreme: 8:07am On Apr 11
MichaelSokoto:

I didn't lie to u...

if actually u think u are rich, Jez knw dat u are not!

Maybe wen u start putting on human face & doing away wit ur poverty mentality then ppl can actually acknowledge ur status.

But u are too stupid to realize dis.

You are mostly Idiotic with your reasoning..

My status in life should be validated by numbskulls like you

Poverty mentalityMe

🤣

I should be wanting and working for people to ACKNOWLEDGE me?

Who nurtured you?What kind of useless programming is this?

Guy,YOU ARE DOOMED unless you emancipate yourself from all the mental blocks put there by your parents/guardians..

JESUS!

I will advise you to go and work on your personal development or else,you will end up like your old man..you know what I mean..
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by richie240: 8:09am On Apr 11
But it's ok for Allen Onyeama's Air peace to have monopoly of lagos - uk route.

Na so una logic dey be.
cool
iichidodo:
Not in a monopoly with dangote diesel at the helm...

1 Like

Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by Ray07(m): 8:10am On Apr 11
morgstreme:


You complain too much even when you don't have your facts right..

Mr "Doom and Gloom",tuck in your nonsense economic numbers cause they are ALL wrong .

Folks like you never do well in life because of your Energy in your soul..it's too negative...it's in tatters,hence your personal results..

Also,.....

Only Band A customers had that level of exponential increase in their tarriff regime..

Others was infinitesimal..

And folks like you fit dey band D or even E,still dey talk nonsense dey complain..
Are business owners not on band A . . .
I went to print a day before yesterday and I was charged 7k instead of 5K I normally pay.

I pretended to be ignorant about the situation on ground and asked why the increase in price, the business owner said he get 4 unit for 1k now hence the increase.

Not surprised, anything that further impoverish the people, causes pain is what makes y'all Happy.

Hope you're enjoying the situation of things in the country.
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by nedekid: 8:13am On Apr 11
WorldRichest:
Developers will be sad
Why do you think they will be sad? You should be sad too if they are, just that you do not know it.
Dangote is selling diesel to large buyers for 1250-1300. Now, by the time it gets to the pumps, at least ₦200-250 is added for transportation, petrol station running cost and profit. Is that not ₦1500 per liter? What difference is there?
I buy a lot if diesel weekly, atleast 1000L so I know. For the past 2 months diesel has sold for 1500 at Nnpc and between 1500 to 1650 at private dealers. So if diesel comes from dangote and it still sells for 1475-1600 at the pumps, I would say dangote is a shylock that has helped no one!
We thought and hoped diesel prices, considering how strategic it is to the Nigerian economy, would have crashed to atleast ₦300 - 400 per liter. Diesel is not petrol, it is the bedrock of our economy! From haulage of food, powering farms, factories, trains, hotels, eateries, shipping, schools, BRT, telecoms etc all rely on diesel.
The airpeace fellow someone mentioned, came in scatered the aviation market, crashed the prices from 3m to 1m. That then compelled other airlines to act, driving the prices to below 1m. That is what is called being patriotic, not this rubbish dangote has done.
The only gain from dangote will be if the diesel is of higher purity so your injectors wount spoil, or the savings assuming we are paying in local currency, which I doubt as we all know he is a shylock.

1 Like 1 Share

Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by slowice(m): 8:21am On Apr 11
This man is never sincere with Nigerians. Diesel for 1200 is still too high.
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by richie240: 8:25am On Apr 11
Akamon:
Air Peace disrupted flight Price, all Nigerians sang his praise and was commended across all tribes. Dangote refinery disrupted Price upon entry into the market, instead of celebrating Nigeria as now an oil product producing Nation and no longer an importing nation, a breakthrough for Africa, a section of Nigerians in their normal way tongue lashes him and the government, poured insult and their hatred.
The two feats are from sons of Nigerians, there both were made possible by the Nigerian Government and the benefits is for we all.
Yet, one is more loved because it's claimed to be their son, same hue and cry was heard when Landmark Lagos business was marked for demolition for a high feat Road construction, the Landmark became more important than the entire road project, tone of sectional hatred filled the Air.
Peter Obi constructed borehole that recieved critism across the country but yet it was all applause from them, they mobilized and poured same insult on Desmond Elliot's project.
Where are we going, what message are we passing to our children. While growing up,
I heard of this bad blood and now I am grown and witnessing this continuous daily hatred spill from a section against the other sections is disappointing . Yet daily cry of been desliked despite the first to draw blood against the other.
There's no achievement from anyone from the other section of this country that is worthy of praise to this same set of person's, whether old or Young.
If Dangote would have been their son, the narrative would have been a song praise for him for a feat worthy to be praised and no complaints about the price.
Dangote should be commended first for the feat, he has put us on the Map of a producing nation.
In all, for every $100 dollar made by Dangote, $35 belongs to Nigerians through the government. It's and all round win. The Price will later come down.
Singaporeans will always advice that for a nation to grow like they did all difference's in religion, ethnicity and others must be set aside and focus on development.
U sabi dem wella.
When u see those ppl attacking someone for doing either evil or good, know that it's bcus the fellow doing d evil/good is not their 'brother'.
They don't mind you doing evil so long as you are a kin.

They have 2 separate judgements for nigerians: one for themselves and the other for nigerians: if u are a kin, they'll support you irrespective of the crime u commit. If you are not a kin, they'll find faults in whatever you do no matter how genuine.

See some of them doing what they know best: PhD (pull him down) syndrome
vvvv

Nawa4nl:
That refinery was built with the Nigerian money, it does not belong to dangote

Calitoscassius:
Dangote is a money grabbing tiff!
Ndi ogbanjes
cool
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by Niok: 8:25am On Apr 11
richiemcgold:
Dangote says we're on the right track; he is the richest man and number one indigenous investor in Nigeria.

... but there are some godforsaken people on this nairaland who always think and wish Nigeria is doomed. They don't invest anything into the economy, they are lazy and ignorant, they are liability and they are number one enemies of progress. The only thing they know how to do is to always speak evil of Nigeria. Such people can never achieve any good in life.

It isn't a curse; it's a reality.
listening to the words of a rich man who has no single idea on how the poor masses have been suffering all this while
You're as daft as your parents lmaaoo
How many capitalist individuals give a fvck about the people other than to enrich themselves in times like this,....
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by MichaelSokoto(m): 8:46am On Apr 11
morgstreme:


You are mostly Idiotic with your reasoning..

My status in life should be validated by numbskulls like you

Poverty mentalityMe

🤣

I should be wanting and working for people to ACKNOWLEDGE me?

Who nurtured you?What kind of useless programming is this?

Guy,YOU ARE DOOMED unless you emancipate yourself from all the mental blocks put there by your parents/guardians..

JESUS!

I will advise you to go and work on your personal development or else,you will end up like your old man..you know what I mean..

u are jez simply foolish wit ur statements & reasoning!
Pray God to help ur poor soul.
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by maasoap(m): 8:58am On Apr 11
It is supposed to. Because price of diesel affects the manufacturing and transportation of goods more than the price of petrol.
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by phemray(m): 9:07am On Apr 11
CodeTemplar:
Will Nigerians cooperate?

Everyone got diesel when dollar was N1900.

Then they should sell it or off or drink it. They Make gains before but now no want to loose. Them Dey play
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by morgstreme: 9:13am On Apr 11
MichaelSokoto:

u are jez simply foolish wit ur statements & reasoning!
Pray God to help ur poor soul.

I acknowledge I need help all de way in life..there isn't any perfection once we are in this earthly skin..

You don't need any help..

You are IRREDEEMABLE!!!
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by MichaelSokoto(m): 9:19am On Apr 11
morgstreme:


I acknowledge I need help all de way in life..there isn't any perfection once we are in this earthly skin..

You don't need any help..

You are IRREDEEMABLE!!!
jez try to have sense & not help, dats all u need!

Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by zionstaar75: 9:41am On Apr 11
richiemcgold:
Dangote says we're on the right track; he is the richest man and number one indigenous investor in Nigeria.

... but there are some godforsaken people on this nairaland who always think and wish Nigeria is doomed. They don't invest anything into the economy, they are lazy and ignorant, they are liability and they are number one enemies of progress. The only thing they know how to do is to always speak evil of Nigeria. Such people can never achieve any good in life.

It isn't a curse; it's a reality.
gbam
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by ObiCertificate: 9:44am On Apr 11
Nawa4nl:
That refinery was built with the Nigerian money, it does not belong to dangote

That airline was built with Nigerian money, it does not belong to Allen Onyema.
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by zionstaar75: 9:54am On Apr 11
nedekid:

Why do you think they will be sad? You should be sad too if they are, just that you do not know it.
Dangote is selling diesel to large buyers for 1250-1300. Now, by the time it gets to the pumps, at least ₦200-250 is added for transportation, petrol station running cost and profit. Is that not ₦1500 per liter? What difference is there?
I buy a lot if diesel weekly, atleast 1000L so I know. For the past 2 months diesel has sold for 1500 at Nnpc and between 1500 to 1650 at private dealers. So if diesel comes from dangote and it still sells for 1475-1600 at the pumps, I would say dangote is a shylock that has helped no one!
We thought and hoped diesel prices, considering how strategic it is to the Nigerian economy, would have crashed to atleast ₦300 - 400 per liter. Diesel is not petrol, it is the bedrock of our economy! From haulage of food, powering farms, factories, trains, hotels, eateries, shipping, schools, BRT, telecoms etc all rely on diesel.
The airpeace fellow someone mentioned, came in scatered the aviation market, crashed the prices from 3m to 1m. That then compelled other airlines to act, driving the prices to below 1m. That is what is called being patriotic, not this rubbish dangote has done.
The only gain from dangote will be if the diesel is of higher purity so your injectors wount spoil, or the savings assuming we are paying in local currency, which I doubt as we all know he is a shylock.
You're not totally right. If he sells at 1500 and people don't buy he will have to lower the price because it's about demand and supply and because the diesel is now being produced in nigeria nothing like price fluctuations because of dollars. Finally no more using of fx to import diesel so expect the dollars to keep falling like Reno said, Anybody that thinks all these are not worth celebrating is simply an enemy of Nigeria and a saboteur
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by koning: 10:10am On Apr 11
N1,200 is still too high.

Drop it to around 750.
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by nedekid: 11:09am On Apr 11
zionstaar75:
You're not totally right. If he sells at 1500 and people don't buy he will have to lower the price because it's about demand and supply and because the diesel is now being produced in nigeria nothing like price fluctuations because of dollars. Finally no more using of fx to import diesel so expect the dollars to keep falling like Reno said, Anybody that thinks all these are not worth celebrating is simply an enemy of Nigeria and a saboteur
Bros, diesel is an essential product, it does not fall withing the ambit of demand and supply, it is not eg cornflakes you can chose not to buy if it is expensive, maybe drink pap instead. It is not petrol that you can decide to trek or ride bicycle. Diesel is like water for the economy. Diesel determines the price of goods, services, foodstuff, cost of living, Healthcare, education, tomatoes, potatoes, airtime, everything. Cut the price of diesel in half and you will see immediate difference.
My aboki said his trailer driver brother said if he must see 4m before considering driving from Lagos to kano. Do you know a 100kva generator will blow 300liters in less than 2 days? I personally know minimum of 5 busineses around my area that have temporary shut down operations because of cost of power, hoping that when it gets cheaper they will open.
Who is Reno to speak on what he knows nothing about? Dude lives in UK or America. We are the ones on ground involved in business and services here.
As I wrote in my earlier message, the advantage of dangote is the quality of diesel should increase thereby protecting your injector nozzles ( assuming Nigerians do not adulterate it due to high price).
The second benefit I wrote is as you rightly said the forex benefit. Naira should appreciate. But knowing our man dangote, he might do magomago to make sure he is paid in dollars(let's pray not).
See op, I write this not to disparage naija, but out of disappointment comming from so much expectation with the refinary starting. Afterall if prices comes down, if Tinubu, dangote and the rest do well, it will benefit you, Me and all Nigerians. I can never pray bad for naija no matter who is in power. I actually pray Tinubu performs, dangote too.

1 Like

Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by ufotunang: 11:36am On Apr 11
robinso01:
Abeg, make the diesel price still come down small
...abi...at 1200 naira it's still expensive
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by ufotunang: 11:37am On Apr 11
At 1200 naira it's still expensive
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by ufotunang: 11:39am On Apr 11
Ok also start producing fuel, kersosene immediately so that nigerians can buy them at a reduced price which will reduce hardship and hunger
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by ufotunang: 11:42am On Apr 11
Nawa4nl:
That refinery was built with the Nigerian money, it does not belong to dangote
.. the refinery belongs to Dangote..he used some of his money to build the refinery and also collected loan from banks to build the refinery in which he is now starting to pay back the loans to the banks
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by leokid866: 11:45am On Apr 11
ufotunang:
At 1200 naira it's still expensive
gradually as Supply increases it will go down.
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by billyG(m): 12:05pm On Apr 11
Which kind foolish country is this? with all our crude oil wells ...no fuctional refineries.Why must we wait for only one man refinery to bring down diesel price is there no alternative to diesel we can explore?like biodiesel from renewable biomass source like jatropha,oil palm,rapeseed,soybean, cotton seed, castor oil
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by ufotunang: 12:31pm On Apr 11
leokid866:
gradually as Supply increases it will go down.
...and also if they is competition in the refinery sector with other refineries coming up and starting...it will drastically bring down the price even to 200 naira a litre...see what is happening with air peace with other foreign airlines from Lagos to London flight,.they have started to reduce price of their flight ticket because of competition

1 Like

Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by Solsix(m): 12:37pm On Apr 11
KEVIND:
Pls Aliko Dangote help Nigerians by dropping the price of diesel to 700 Naira. N1,200 is too high.
Like the way Allen Onyema of Air peace did in the Aviation sector, pls do it for us in the Petroleum sector.
Thank you..
He doesn't have competitors
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by Calitoscassius(m): 1:43pm On Apr 11
richie240:

U sabi dem wella.
When u see those ppl attacking someone for doing either evil or good, know that it's bcus the fellow doing d evil/good is not their 'brother'.
They don't mind you doing evil so long as you are a kin.

They have 2 separate judgements for nigerians: one for themselves and the other for nigerians: if u are a kin, they'll support you irrespective of the crime u commit. If you are not a kin, they'll find faults in whatever you do no matter how genuine.

See some of them doing what they know best: PhD (pull him down) syndrome
vvvv




Ndi ogbanjes
cool
Yes, go fork your mother!
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by PHAYOL81: 2:12pm On Apr 11
Hopefully
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by richie240: 2:18pm On Apr 11
Sorry we don't do that where I'm from.
You are 'obidient' right?!
Not surprised!
grin grin
Calitoscassius:
Yes, go fork your mother!

Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by Impliment: 2:44pm On Apr 11
richiemcgold:
Dangote says we're on the right track; he is the richest man and number one indigenous investor in Nigeria.

... but there are some godforsaken people on this nairaland who always think and wish Nigeria is doomed. They don't invest anything into the economy, they are lazy and ignorant, they are liability and they are number one enemies of progress. The only thing they know how to do is to always speak evil of Nigeria. Such people can never achieve any good in life.

It isn't a curse; it's a reality.

You are definitely one of them. Crying more than the bereaved. So if things are going wrong, people will not talk. Anyone that talked automatically becomes a prophet of doom for your eyes. Abeg go and rest.
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by Impliment: 2:47pm On Apr 11
ObiPandora:
See them below with their fake female monicker. Obidient Ipob nothing positive can happen to Nigeria from their bigoted horizon.

Geometry start producing electricity in Aba that is the best thing after slice bread because the man is Igbo.

Dangote start refining crude in Lagos it's a lie their dead father uncle cousin retarded nephew says Dangote Refinery won't work till 6070 he is only reselling imported product.

This is aside the fact that Dangote Refinery is 100 bigger an initiative n investment compare to geometry. Now Dangote is selling it product at reduced price yet they claim it can not do any help to Nigeria.

This are undeniable undisputable facts NL or it mod don't want exposed but those hateful souls are ever present here on Nairaland, make I no mention names but you all know them.




How come IPOB and Obidients are being mentioned here?
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by backbone503(m): 5:57pm On Apr 11
morgstreme:


Pray tell us ANYWHERE on earth today that diesel sells for an equivalent of less or about 1000naira..

When you and your peasant father build refinery,sell the diesel for 60naira..

Idiotic selfish juveniles..

I no go engage you. Wetin you dey find go see you. Shalom!
Re: Falling Diesel Pump Price’ll Reduce Inflation, Says Dangote by robinso01(m): 6:20pm On Apr 11
ufotunang:
...abi...at 1200 naira it's still expensive

1200 is still expensive, make e go lesser than 1k

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