Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery

Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers - Politics - Nairaland

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Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by iwaeda(op): 7:51am On Aug 13, 2024

Nigeria’s oil marketers have said that Dangote Refinery may crash the price of petrol to between N600 – N650 per liter depending on its production cost.

The National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola disclosed this in a statement on Monday.

His comment comes amid indications that the $20 billion refinery will no longer commence fuel production in mid-August 2024 contrary to the president of Dangote Group, Aliko Dangote’s earlier projection.

Speaking on the development, Fashola said crude oil supply crisis remains a major problem for the Lagos-based refinery.

According to him, the official petrol price from the Nigerian National Petroleum Company Limited stood at N570 per litre while private depots sell at N700 per litre.

He, however, stressed that when Dangote’s fuel comes on board, the pump price may crash to N600 or N650 per liter.

“The official price from the NNPC is around N570/liter, but the third parties, the private depots sell PMS to most of our members at N700 and above

“Plus or minus, we hope Dangote can sell between N600 and N650/liter. N600 is still okay. However, it depends on the cost of the production from Dangote’s end”, he said.

Recall that last week, the Dangote Refinery and the Nigerian Upstream Petroleum Regulatory Commission engaged in a war of words over 26 million barrels of crude allocation.

https://dailypost.ng/2024/08/13/petrol-may-sell-for-n600-per-liter-with-dangote-refinery-marketers/

6 Likes

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by Peledonomy: 7:52am On Aug 13, 2024

600 naira is still poor.

100 naira is d goal.

93 Likes 7 Shares

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by Iruia: 7:54am On Aug 13, 2024*

His can your children be hungry when you sell foodstuffs

39 Likes 3 Shares

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by emmabest2000(m): 8:00am On Aug 13, 2024

These people talks too much shaa
Actions pls

98 Likes 6 Shares

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by Mynd44(mod): 8:00am On Aug 13, 2024

Peledonomy:
600 naira is still poor.

100 naira is d goal.

Go and steal it na.

20 Likes 3 Shares

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by whippersnapper(m): 8:00am On Aug 13, 2024

Rice kimono on the beat

36 Likes 4 Shares

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by mrvitalis(m): 8:00am On Aug 13, 2024

Iruia:
Nigeria as bless country doesn't deserve all we are going through

Blessed with what exactly?

1.3 million barrels per day for 220 million people?.

Anything below ₦1550 per litre is subsidy regime

11 Likes 5 Shares

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by adioolayi(m): 8:01am On Aug 13, 2024

Expensive...

It's should be lower to what we get from NNPC station in Lagos..

Below NGN 568

106 Likes 1 Share

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by DesChyko: 8:01am On Aug 13, 2024

How much subsidy is being paid on petrol today? We need to be aware of this so we know:

1. How much the actual cost should be if the subsidy is maintained.

2. How much would be available to invest in projects that improve HDI when local production of petrol actually takes off.

For the new Nigeria we anticipate, transparency is key and accountability is a must.

8 Likes

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by Fatbam005: 8:01am On Aug 13, 2024

Speculations never ends.. Fools

24 Likes 4 Shares

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by oluwaseyi0: 8:01am On Aug 13, 2024

Make it fast

1 Like

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by Bubu4Sea: 8:02am On Aug 13, 2024

Refinery that Buhari gave a fellow Northerner, will never work.

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by nedu666: 8:02am On Aug 13, 2024

I believe all this speculation should stop. Dangote has a pr and communication depth. Let them do their job

22 Likes 3 Shares

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by chyzoo4u(m): 8:02am On Aug 13, 2024

Mynd44:
Go and steal it na.

Are we stealing it before APC took over?

32 Likes

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by Olachase(m): 8:02am On Aug 13, 2024

even with refinery this thing no still go down

even after selling to Dangote in Naira

may prayer is the FG shouldn't allow Dangote to run Monopoly otherwise we are finish cry

102 Likes 3 Shares

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by yoruboid: 8:02am On Aug 13, 2024

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by tegini: 8:02am On Aug 13, 2024

Nigerians are the most gullible people ever , how can dangote make fuel cheaper ? When the price of the crude is expensive , if dangote buys cheap crude he produces cheaper fuel ,if he buys expensive crude he produces expensive fuel , dangote refinery will be crushed by the imf and world bank , go read about the confession of an economical hitman by John Perkins

12 Likes

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by oluwaseyi0: 8:02am On Aug 13, 2024

Peledonomy:
600 naira is still poor.

100 naira is d goal.

Spin up your own refinery

Cost of extracting and refining a litter is far more than 100

4 Likes

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by Xscape1993(m): 8:02am On Aug 13, 2024

It is well.

2 Likes

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by Ikaeniyan0: 8:03am On Aug 13, 2024

This kind of news make IP0Bdientz depressed but I doubt this news untill I see it happening sha

5 Likes

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by mrvitalis(m): 8:03am On Aug 13, 2024

It is impossible for dangote to sale his petrol below ₦1200 and make profit... It's is impossible

Unless u pay him subsidy

It's more likely to see petrol sale for ₦2000 than to sale for ₦600

The subsidy now is already over ₦700 per litre
The weaker the currency the more the subsidy

10 Likes

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by Nahunger(m): 8:03am On Aug 13, 2024

Why no less??

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by Darlingjay1(f): 8:04am On Aug 13, 2024

They should talk and do this "may" is not helping matters

7 Likes 1 Share

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by emmansan: 8:04am On Aug 13, 2024

May

Re: Petrol May Sell For ₦‎600 Per Litre With Dangote Refinery – Marketers by Hemanwel(m): 8:04am On Aug 13, 2024*

President Tinubu paid Reno Omokri thousands of dollars to demarket and demonize Peter Obi, who allegedly came 3rd in the last general elections. Not even the person who came 2nd o! Yet the ordinary hungry ronu on the streets think Peter Obi is a paper-weight politician. Dey play! It means there must be something special about the enigma, Peter Obi that the common man is not seeing.

BTW:

To those who think Reno Omokri is an intelligent writer: you think he's intelligent yet even my 4-year-old son knows he must have been heavily paid to attack Obi from his write-ups

7 Likes 3 Shares