₦airaland Forum

550 isn't reduction,,.. some filling station like MRS is selling 625 now.,.., there's no much different

Let them crash it to 187 naira before we start taking them serious

lexy2014:
If dangote is not his government, what then is the essence of this news?

then sue the media company

anonimi:
You dey mind the 419ers and scammer vendors of hopeless hope!
How much was crude oil when Fashola was wailing for the reduction in petrol price? How much is it now?
What happened to Fashola's loud mouth since 2015

You're absolutely SPOT ON!

That's $0.35 a litre.

This tactic of inciting the gullible against Dangote cannot work.

They are already telling Dangote how much he should sell....
Una dey see wickedness abi
Wicked and devilish marketers
If Dangote wan sell for #300 abi #250 , dis devils go ginger am to sell at their agreed price.
Na dis kind thing NLC supposed shook eye
But
Politics don blind Dem.
Make everybody just dey mad dey go
We go dey alright last last

Not enough please ..

Around #400 will bring much more succour!!!

He should crash it already now, I don't think all these projections are necessary as news almost all the time.

Let the price crashing be done, definitely we will be happy about that.

That one na crash?

Until they sell 200 to 250naira will I take them serious. 515naira na him be crash?

wallrichy:
No, No......it's a an economic gimmick by Dangote. It's profitable for Dangote at the long run. Importing fuel from other countries is a norm to most refineries even though the home country has crude in large quantity. For example, US is the largest producer of Crude oil and also has the largest reservoir of crude in the whole world but they import always. That's the way it goes in oil and gas. You know, crude oil ain't the same all over the world. We have different types of crude oil scatter all over the world. Research on the type of crude oils and you will save me the long write up.....in conclusion, it's economically profitable for Dangote to Import and ain't a shame to the stupid Federal government cos Dangote is a private liability company. The only shameful thing we can hold the government for is to privatize our refineries or kick them working and give Dangote a run for his money.

There's nothing normal about it. Stop comparing yourself with America. America is a strategic country everyone looks at to learn from.

America imports crude oil - despite having a large reserve of it - to plan for eventuality and unforeseen circumstances in the future.

On the other hand, in Nigeria, Dangote buys outside Nigeria because Nigeria doesn't even meet its OPEC benchmark for export let alone having enough to sell to its local refineries.

frankputer:
Nnpc is selling T N550-N630
Dangote should give it at #430
Marketers sale at N450.
Had it been tinubu waited and got it set(price for local refinery production)
Then Remove subsidy.
Dollar might rise from N440 of Buhari to N770-N800 max
Things might not be this #hash

I guess Dangote set up his refinery to run at loss in other for you guys in Nigeria to be enjoying.

Instead of you guys to crying towards people you put in govt, you are wailing for business man that struggling against all odds to do business in toxic environment in which people you asked to lead you deliberately make it toxic

#515 crash indeed
These people just think we're all illiterates

ElevationD:
What’s the business of IPMAN with suggesting or determining the cost of petroleum products for Dangote?

With the yeye idea, if fir example, Dangote wanted to sell at 300, these greedy IPMAN people, would make it higher, so that they can benefit more. That’s the challenge with diesel price today.

God bless you for that question, why is IPMAN rushing to speculate price over what they have absolute no input

These further goes to show, the players in the oil sector are liers, evil and wicked set of beings that can never mean well for Nigerians, for selfish gains

Even our own NNPC is doing everything to frustrate Dangote supply so he won't sell cheaper

Pls will you people shut up and f e c k off?

Every time Dangote will crash this he will crash that week-in week-out same useless talk yet nothing is visible.

Fu-ck IPMAN and f u c k them very seriously.

wallrichy:
I felt the same way too but considering IPMAN duty, they have a responsibility of discussing with Dangote just as they do with NNPCL on the price he's going to sell his fuel. However, this is Nigeria, I think they should have left Dangote to make his own decision on the price. Who knows, he might just decide to surprise Nigeria by selling 200 to 250 per litre. Also, I believe that whatever the price, International crude oil price will determine or rather influence Dangote price. It wouldn't be a fixed price I guess, so when global price goes down/ when it goes up.....will have a big influence. Remember, he's a private company and still indebted to conglomerates of banks. You know, despite all the accusations, the governments influence or supports for Dangote over ages, I still love this man. He's the true Nigeria. He never discriminate or behave like normal Nigerian. Previous governments that has been helping Dangote in terms of free duty/waivers.....I say thank you, at least he used the opportunity very well and maximized it too. He ain't like some thieves that would have used the opportunities to oppressed their fellow Nigerian. I know you will say but he oppressed us with Cements. But he still stepped down when called to order. Nigeria can be very frustrating to business men establishing companies inside Nigeria. Government will frustrate you to hell. Am talking from experienced. You need to have a brave heart, a hearts of million Lions to be able to cope just like Dangote....

You made a good submission bro. You clearly understood what I tried to say.

Islie:
https://newtelegraphng.com/ipman-dangote-could-crash-fuel-price-to-n515/?utm_source=rss&utm_medium=rss&utm_campaign=ipman-dangote-could-crash-fuel-price-to-n515

Still too high 😩😩😩

nosiebaba:
515 naira is a price reduction not a crash

Don't mind them. NNPC maga station in my location sells for #594.

nosiebaba:
515 naira is a price reduction not a crash

Don't them, nnpc near me is selling at 568 so if dangote sell between 515 to 550 how is it crash?

That's not crashing.

When tinubu removed subsidy that just the new price they gave. The highest was #540.

Crashing would bring it down to 250 highest would be 300

IPMAN are part of the problem we have..why suggest a price for a refinery??
Allow it to fix it's own price in a way it can afford

TechCapon:

Rubbish, 100# difference is not crash. Not appreciated at all

It's not upto 100 naira sef, already nnpc close to me is selling 568. How is their between 515 to 550 a crash. These guys are deceivers

LMFAO! So over 500 Naira is now price crash

How do we get to this point? 550 is now crashing Price?

frankputer:
Nnpc is selling T N550-N630
Dangote should give it at #430
Marketers sale at N450.
Had it been tinubu waited and got it set(price for local refinery production)
Then Remove subsidy.
Dollar might rise from N440 of Buhari to N770-N800 max
Things might not be this #hash

You are very correct, nnpc close to me is selling at 568 I don't know why they are happy with 550 abi 515. If it's so let's continue the way we are

wallrichy:
No, No......it's a an economic gimmick by Dangote. It's profitable for Dangote at the long run. Importing fuel from other countries is a norm to most refineries even though the home country has crude in large quantity. For example, US is the largest producer of Crude oil and also has the largest reservoir of crude in the whole world but they import always. That's the way it goes in oil and gas. You know, crude oil ain't the same all over the world. We have different types of crude oil scatter all over the world. Research on the type of crude oils and you will save me the long write up.....in conclusion, it's economically profitable for Dangote to Import and ain't a shame to the stupid Federal government cos Dangote is a private liability company. The only shameful thing we can hold the government for is to privatize our refineries or kick them working and give Dangote a run for his money.

Considering the xchange rate and sourcing it is not viable for Dangote to be importing crude when Dangote could have gotten the same crude locally saving him import related cost

2ndly in the global market, Nigeria crude oil is tagged "sweet oil" cos of its quality, a producing nation importing fuel is not a norm, in most cases the quality of locally available crude oil is what determines, will you say saudi, iran and russia import crude

US importing crude was necessitates by "Quality" cos america crude is a bit substandard to most crude in the world so they import so as not to lose out in the oil market, besides trading there currencies as main legal tender strengthens the dollar

There can only be one economic, dangote operates under Nigeria economic so how is it favourable importing crude oil with scarce forex ... we have sweet crude how is choosing another country oil coupled with trading with foreign currency beneficial to our economic, when dangote import crude he setup price using dollar .. fuel is expensive cos we import refined product how does switching to importing crude to refine locally solve anything, no be same dollar wahala does it even make sense

DevilsEqual:
These are the businessmen whose effects we're feeling right here in Nigeria

No be to dey shout " We sabi business" upandan


People go feel you or not?

Forward ever Nigeria!

Which yeye effect? Are you aware that nnpc is selling 568 and dangote want to sell between 515 to 550? Where is the price crash

Khyrvxjzy:
who dey promise you, abi he no one better for you ni

dangote na your government

igbo

You're clinically insane. Olbrk

All these news we are tired. I am tired. More actions less talk. Haba

In the future, I see Dangote building his private filling stations across the country and supply them directly from his refineries with his already available transport company. It's never too late, start NOW. I mean NOW NoW. Remove unnecessary shyness and shame.

Kaycee9242:
It's not upto 100 naira sef, already nnpc close to me is selling 568. How is their between 515 to 550 a crash. These guys are deceivers

yeah, that's the same price with NNPC nation wide I think. So there's really no difference in terms of prices. Maybe the only good thing is it could help reduce fuel scarcity but even this is not sure.

We have many useless hopeless drunkard groups in this country that happened to be enemy of masses this useless ipman is one of them.

ElevationD:
What’s the business of IPMAN with suggesting or determining the cost of petroleum products for Dangote?

With the yeye idea, if fir example, Dangote wanted to sell at 300, these greedy IPMAN people, would make it higher, so that they can benefit more. That’s the challenge with diesel price today.