FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg - Business (3) - Nairaland
Nairaland Forum › Nairaland General › Business › FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg (21954 Views)
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by nams77: 12:47pm On Sep 05, 2024 |
Orubebe01:This country will rather burn than to allow dangote fix price. Even if I see on paper that they allowed him, behind the scene, they have already forced his hands |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by Heffalump(m): 12:49pm On Sep 05, 2024 |
All the parties involved are playing games. Dangote will always set the base prices for the Petroleum products from his Refinery. He can't produce at a loss, for sure. What he's trying to say is that the FGN will set the final price, considering logistics and haulage charges. Dangote is being smart to let you know from the onset that the end user price will not be determined by him, to clear his name of any monopolistic accusations. Meanwhile, he has gotten his break-point price prior to the product distribution. |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by abatically(m): 12:49pm On Sep 05, 2024 |
Lanruze:Lol, this is exactly what FG wants and u are falling for their trap. They want dangote to take the fall. Do u think it's a coincidence that nnpc decided to increase the price the same day dangote announced that they have started petrol production. Do u think it's a coincidence that nnpc admitted they owed over $5 billion around the same time and can no longer sell at 568 naira? In the end, dangote refinery will probably gets shut down. FG will go back to importing from Malta (which they own) and secretly start paying subsidy again. Since they have been paying subsidy before, why can't they continue to pay on dangote fuel? Oh yeah, I know why. It won't benefit them. |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by atiku4President(m): 12:51pm On Sep 05, 2024 |
Anijay1212:Hahahaha |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by atiku4President(m): 12:51pm On Sep 05, 2024 |
Cho cho cho government |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by 9jatriot(m): 1:02pm On Sep 05, 2024 |
Compare their crude oil with their population and their landmass and see if the ratio is any different. Saao: |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by jaxxy(m): 1:03pm On Sep 05, 2024 |
Anijay1212:It's called damage control. They are looking for how to decieve and steal from Nigerians but they don't know how to do it cos of the backlash.. If they were honest a basic simple explanation would show us the maths used to arrive at the price or what is reasonable for dangote to put his prices at. Oil or refinery business didn't stat today so what's with the drama? The hawks in NNPC and cabals don't want to be sidelined after giving in to Dangotes demands they want him to dance to their tune. |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by Sunmolar(m): 1:03pm On Sep 05, 2024 |
xristos: This kind statement makes politicians to fidget |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by Dejoe88: 1:10pm On Sep 05, 2024 |
9jatriot:You are really insensitive. First compare the percentage of poverty rate, and compare the fact Nigeria is an oil producing country, and you are here supporting virtually same fuel price rate |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by Timmi: 1:14pm On Sep 05, 2024 |
xristos:Why don’t you, your entire family and village people lead the charge to set the country on fire starting from your family, to your village,…. All the naysayers of this country will soon be put to shame. They might see the prosperity of the country but might not partake of it since they don’t see nor pray for anything good in Nigeria |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by OmoOshodi(m): 1:22pm On Sep 05, 2024 |
Dangore baba....richest black man on earth We await your abracadabra: |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by MajorOvakporaye(f): 1:23pm On Sep 05, 2024 |
NgeneUkwenu:Keep shut!!! You ignorant fellow!!! |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by popesco123: 1:50pm On Sep 05, 2024 |
Exactly, too much noise on this. quote author=Anijay1212 post=131865666] This cho cho cho is getting on my nerves. Why are things in Nigeria always the more you look, the less you see. Today FEC will determine the price, tomorrow NNPCL "whatever that means" will set the price,then the next thing you hear is Dangote will fix the price. My Goodness!!! Funny enough they know what they want to do because i can swear to the fact that all the parties mentioned above are in constant communication amongst themselves. Or how do we explained the recent hike in petrol price, everyone is denying it but the price still stands. But fellow Nigerians i believe that one day "monkey go go market but e no go return back" [/quote] |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by OfficialP: 1:51pm On Sep 05, 2024 |
Dangote should be allowed to fix his own price, why should a private business wait for FG to determine price, something not just right |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by Minjim: 2:00pm On Sep 05, 2024 |
Why all these delay?! Something as important as these and the FG is dragging its foot on it. Do these people know anything about governance at all? Everyone from anywhere will always assume when we don't get the fact from the responsible quarters |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by Minjim: 2:02pm On Sep 05, 2024 |
OfficialP:My own is that. Why all these delays and dragging of feet? I'm sure they're drawing up an outrageous pump price that will further improvish Nigerians. Knowing our politicians, they only think about their own pockets |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by Mirafrancy: 2:04pm On Sep 05, 2024 |
The fact that everyone in this country is just living and minding their business should let your know that everyone has given up... The leaders don't care and the citizens do not care as well. God just save us honestly... How long are we going to continue like this... |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by nwirinedu(m): 2:17pm On Sep 05, 2024 |
This is contrary to what Dangote said in his launch speech. |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by Tellmeastory: 2:26pm On Sep 05, 2024 |
Saao:Stop deceiving yourself with this ‘largest oil producer in Africa’ stuff. Nigeria produces at most 2 million barrels a day And Nigeria’s population is 250 million. Saudi has 4 times Nigeria’s oil reserves and produces 9 million barrels a day, with a 30 million population. Saudi can even afford to give free fuel to its population. Nigeria is in a very different position. By the way, the US produces 11 million barrels of oil a day, yet people there still moan about petrol prices. So this idea that petrol should be cheap because we produce this relatively small amount of oil, is not a defensible position in the current climate. |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by ofwest47(m): 2:26pm On Sep 05, 2024 |
The earlier the better |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by Realdeals(m): 3:24pm On Sep 05, 2024 |
Dangote will resist it. It is a ploy to set him against Nigerians, the price cannot be less than 1000 from the refinery. |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by grandstar(m): 3:35pm On Sep 05, 2024 |
If FG is ready to deregulate the price, then Dangote should increase its security from potential sabotage from an angry mob ready to hold him responsible. It seems Tinubu has realised he has no other option but to free the price. The only other option is to borrow the sustain the subsidy with its devastating effect on the Naira and the economy. |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by ivandrag0n: 4:27pm On Sep 05, 2024 |
xristos:😂😂😂…we know you. You are one of those who are still saddened by your man’s loss in the last elections and would gladly see Nigeria burn so that you can have some morbid happiness. Look, Nigeria will not burn. Instead, it is you all that wish evil on Nigeria that will experience the burning in your households. Know that, know peace. |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by iluvdonjazzy: 4:37pm On Sep 05, 2024 |
Anijay1212:which day monkey wan go market wey no go return back. |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by IdeasYapayaski: 4:40pm On Sep 05, 2024 |
abatically:Hello!!!! What concerns crude oil explored and refined In Nigeria with landing cost again? What were they importing that suddenly make dollars to move from N287 to N1,600? If not rascality of the highest order. You ban importation of almost everything and dollars kept increasing, by who or what? And you think the economist or whoever is behind this nonsense is not mad🙄. You're pinching yourself and at the same time screaming. Is that not madness of the highest order 🙄🙄🙄🙄 |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by Freebills12: 6:19pm On Sep 05, 2024 |
[color=#000099][/color] Anijay1212:NNPCL and FG know what they are doing. Dangote made it categorically clear that the NNPCL has the mandate to set oil price Nigeria. According PIB it is the duty of the NNPC do that, they have done it the day Dangote launched his new PMS. They didn't even allow a day to pass because Dangote may divulge the price it took to produce a liter of fuel. NNPCL has the sole right to import PMS. Let's see how the game plays out... |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by Yemmysworld91: 6:33pm On Sep 05, 2024 |
LaRosa01:On a norms i do ignore people like you but i just have to respond. I wish you know me in person to know i am one of the true Nigerians around. I've gone through what i typed and i wonder how tribalism crawled in. Dangote is not our helper! He is one of the problems with Nigeria. Argue with yourself. Anyways, if i tell you what i know about Dangote cement production ehn, I'm talking of inside info. But i don't engage in unnecessary banters here. I'm hoping we get his fuel cheaper though. Cheers |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by MomohMrMoore: 7:12pm On Sep 05, 2024 |
How will Dangote set prices when nnpcl is the sole buyer and hikes the prices out of reach. God will purnish all of you and your families. |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by Bankowner: 7:46pm On Sep 05, 2024 |
FG simply wants to put Dangote in a tight corner by pitching him against fuel importers. |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by StreetTyga: 9:15pm On Sep 05, 2024 |
Country don scatter... mad fullsss on the seat |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by LaRosa01: 8:35am On Sep 06, 2024 |
dangote is the greatest thing ever to happen to Nigeria,if not for him both hands and legs of this country would have been tired to importation,there by ensuring we are slaves to foreign vices.i advice you to go and free yourself from mental slavery Yemmysworld91: |
| Re: FG To Allow Dangote Refinery To Set Fuel Prices - Bloomberg by Yemmysworld91: 9:07am On Sep 06, 2024 |
LaRosa01:You should be the one to free yourself of mental slavery. Ask yourself why indigenous owned cement, sugar companies was sold to Dangote, or you not aware that Nigeria owned those companies? How was Dangote solely able to build a refinery and Nigeria as a whole can't!!!. I don't have issues with Dangote but you just drew unnecessary assumptions from my opinion. Grow up! And learn to argue without insults. Don't bother to respond cos i won't respond to any mention from a childish fellow like you again. |
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