₦airaland Forum

Dreal1247:
At what price are they selling to the masses. Get ready for grand strike if the price doesn't come down. With #70, 000.00 minimum wage, anything higher than the initial amount shall not be tolerated.

Are u labour spokesman.. just asking sha

Didijiji:
Saying how much PMS will sell per liter has become rocket science

Stewpid party called APC

The current state of Nigeria and the gradual destruction of the country was planned and executed at Ojota in 2012. We are where we are because of those useless people who came out to protest back then, but are suddenly dumb because their brother is on rampage destroying Nigeria

this our country get as e be.why can't the CBN governor tell us how much they will be selling the crude to Dangote in naira and also in return allow Dangote to let the country know how much he too will be willing to selling the petrol to the masses

lexy2014:
How does that answer these questions?

Why will any other party buying dangote party in Nigeria pay for import duty?

How much is the import duty?

Who is "the third party"?

Dangote yard is at eleko refinery all other import yard is at apapa
Who is the other third party and how will that party lift it's products into its without clearance from the customs,dpr and inland revenue

baralatie:
Dangote yard is at eleko refinery all other import yard is at apapa
Who is the other third party and how will that party lift it's products into its without clearance from the customs,dpr and inland revenue

How does that answer these questions? Or don't you know what a question is?

Why will any other party buying dangote party in Nigeria pay for import duty?

How much is the import duty?

Who is "the third party"?

There is something they are not telling us,is nnpcl actually selling crude to DRL or it is a crude for pms swap.what is our daily consumption of pms sef?will 350 bpd of crude be enough for nigeria?

lexy2014:
How does that answer these questions? Or don't you know what a question is?

Why will any other party buying dangote party in Nigeria pay for import duty?

How much is the import duty?

Who is "the third party"?

Ask custom

baralatie:
Ask custom

What has customs got to do with the questions I asked?

Did you ask customs before you said these

baralatie:
Dangote yard is at eleko refinery all other import yard is at apapa
Who is the other third party and how will that party lift it's products into its without clearance from the customs,dpr and inland revenue

How does that answer these questions? Or don't you know what a question is?

Why will any other party buying dangote party in Nigeria pay for import duty?

How much is the import duty?

Who is "the third party"?

lexy2014:
What has customs got to do with the questions I asked?

Did you ask customs before you said these

How does that answer these questions? Or don't you know what a question is?

Why will any other party buying dangote party in Nigeria pay for import duty?

How much is the import duty?

Who is "the third party"?

Ask custom

miiraaj:
I still don't understand this arrangement oooo.

Why should NNPC be the sole distributor of petrol from a private refinery of someone you once accused of monopoly in Nigeria, for a product you claim to be fully deregulated?

This whole NNPC-DANGOTE rigmarole raises a lot of doubts, on the intent of this administration in providing affordable petrol to Nigerians.

I think both NNPC and DANGOTE are looking for an exploitative advantage.

OVH-Dangote...two private firms

Anything to oppress the ppl is the only thing this government knows

See scam. NNPC!!! Where is our refineries? Is this the deal you had with Dangote?
We want our refineries. I think I have lost all trust for this APC government. Nigerians has he fulfilled any of the promises he made before the protest when he came out to address the country? Well ,let elections come I cannot imagine how anyone will vote for APC.

BeeBeeOoh:
https://www.thecable.ng/fg-dangote-refinery-will-sell-petrol-to-only-nnpc-distribution-starts-sunday/amp/

Haven't the entire downstream NNPC(NNPC Retail) been dissolved and shares transferred to Tinubu's Oando? The Headline should read: Dangote will only sell petrol to Oando

https://www.premiumtimesng.com/business/business-news/725854-amidst-fuel-crisis-nnpc-retail-cedes-total-control-to-ovh.html.

miiraaj:
I still don't understand this arrangement oooo.

Why should NNPC be the sole distributor of petrol from a private refinery of someone you once accused of monopoly in Nigeria, for a product you claim to be fully deregulated?

This whole NNPC-DANGOTE rigmarole raises a lot of doubts, on the intent of this administration in providing affordable petrol to Nigerians.

I think both NNPC and DANGOTE are looking for an exploitative advantage.

so they can place the of petrol to us at any desired price they want. Nnpc Is the major problem nigeria is facing. And NNPC is the presidency cos he is the minister of petrol. Dangote wanna sell cheaper petrol but the govt doesn't want it. They wanna make sure they make money off the poor citizens

Lifestone:
At this point , I think GMD of NNPCL should resign for his flip flops. I think he didn't know the limit of his power and seems distance from the government in which he is serving.
He has been overruled again on Dangote

He works as directed by the minister of petroleum which is president tinubu

Cc. CodeTemplarr and alternateid what were you saying again?

lexy2014:
Why will any other party buying dangote party in Nigeria pay for import duty?

How much is the import duty?

It’s in a free zone..taking goods out from a free required import duty..

FreeStuffsNG:
NNPCL is technically exchanging its crude it sells in naira to DRL for the refined products. It makes perfect business sense to be the offtaker and marketers will now buy from it at a strategic margin.


Smh. On top refinery business? Refinery business that is a thin-margin business.

Why is diesel exempt as its also produced from crude oil...why not capture all the by products going by your logic?

miiraaj:
I still don't understand this arrangement oooo.

Why should NNPC be the sole distributor of petrol from a private refinery of someone you once accused of monopoly in Nigeria, for a product you claim to be fully deregulated?

This whole NNPC-DANGOTE rigmarole raises a lot of doubts, on the intent of this administration in providing affordable petrol to Nigerians.

I think both NNPC and DANGOTE are looking for an exploitative advantage.

it's IPMAN, the real enemy of Nigeria that tinubu wants to get rid of finally. In another 1 year you'll all be thanking him once those fools (IPMAN)have been taken care of the forces of demand and supply will come into play.if petrol is readily available for 6 months there's no way the price will not crash. Using naira value to supply the crude is a master stroke for 2 reasons 1.the price of petrol will no longer be affected by the dollar, 2.nnpc will finally become an income generating venture because money will start coming in everyday from October 1.They can now list on the stock exchange and start selling shares.

Frezhkid10:
Any other party buying from the refinery will have to pay import duty if it’s to be sold in Nigeria..
But with NNpC it can be waved..

Are they paying import duty on Diesel?

BeeBeeOoh:
https://www.thecable.ng/fg-dangote-refinery-will-sell-petrol-to-only-nnpc-distribution-starts-sunday/amp/

This arrangement is more or less a crude and petroleum product swap. FG still wants to control the price of the products.

Thunder will visit una soonest..

miiraaj:
I still don't understand this arrangement oooo.

Why should NNPC be the sole distributor of petrol from a private refinery of someone you once accused of monopoly in Nigeria, for a product you claim to be fully deregulated?

This whole NNPC-DANGOTE rigmarole raises a lot of doubts, on the intent of this administration in providing affordable petrol to Nigerians.

I think both NNPC and DANGOTE are looking for an exploitative advantage.

NNPC is mandated to supply crude to dangote and accept naira. Hence NNPC is a player in the petroleum products distribution it's easy to pay them back the value of their crude with product. This helps both entities cashflow. Government wants to maintain partial subsidy no matter how small as consumers can't take all the costs for now.

Besides marketers have lodged money with NNPC for months awaiting supplies. NNPC has orders already placed for importation. Maybe they want to blend their cost and gradually either reduce importation or stop entirely.

Dangote equally needs time to source for crude from IOCs so that they will not be dependent on NNPC only.

This initial hiccup is expected as we have not passed through it before and the product in question affects every life.

Overall government must make their refineries to work that is when the market will be fully deregulated and Nigerians fully benefit.

Overall we will come out fine. We are on the right part though very challenging. I'm suffering it too.

Frezhkid10:
It’s in a free zone..taking goods out from a free required import duty..

Frezhkid10:
Any other party buying from the refinery will have to pay import duty if it’s to be sold in Nigeria..
But with NNpC it can be waved..

How much is the import duty?

Lifestone:
NNPCL will buy all the petrol from Dangote and in turn sell to retailers. I suspect NNPCL will do under recovery of cost aka subsidy so the PMS cost will not be over the roof.

Very correct assumption or maybe zero profit for now.

My brother, the matter tire Mathias. As in what the fxxk is this?

Didijiji:
Saying how much PMS will sell per liter has become rocket science

Stewpid party called APC

The current state of Nigeria and the gradual destruction of the country was planned and executed at Ojota in 2012. We are where we are because of those useless people who came out to protest back then, but are suddenly dumb because their brother is on rampage destroying Nigeria

Vision101:
NNPC is mandated to supply crude to dangote and accept naira. Hence NNPC is a player in the petroleum products distribution it's easy to pay them back the value of their crude with product. This helps both entities cashflow. Government wants to maintain partial subsidy no matter how small as consumers can't take all the costs for now.

Besides marketers have lodged money with NNPC for months awaiting supplies. NNPC has orders already placed for importation. Maybe they want to blend their cost and gradually either reduce importation or stop entirely.

Dangote equally needs time to source for crude from IOCs so that they will not be dependent on NNPC only.

This initial hiccup is expected as we have not passed through it before and the product in question affects every life.

Overall government must make their refineries to work that is when the market will be fully deregulated and Nigerians fully benefit.

Overall we will come out fine. We are on the right part though very challenging. I'm suffering it too.

Which subsidy is government maintaining?

How much is that subsidy and what percentage of the price of a litre of fuel does that subsidy cover?

Who fixed price at N897?

alt3r3g0:
Are they paying import duty on Diesel?

Yes!!..but it would be minimal shaa

richmond500:
So willing seller willing buyer policy that will attract investors and boost competition will not work again.

It will work but you need this to take off. The system will stabilize.

Lifestone:
NNPCL will buy all the petrol from Dangote and in turn sell to retailers. I suspect NNPCL will do under recovery of cost aka subsidy so the PMS cost will not be over the roof.

What is "under recovery of cost" and how is it the same thing as subsidy?

Which cost is being under recovered?

How will pms cost be over the roof without nnpc being the sole buyer of dangote fuel?

Vision101:
It will work but you need this to take off. The system will stabilize.

How will it work?

Which system is stabilizing and why is the system not stable?

Frezhkid10:
Yes!!..but it would be minimal shaa

What is the import duty being paid?

What do you mean by "minimal"?

Is there "minimal" import duty?

I don't know why NNPC want to be middle man. Is it for Nigerians interest or their own selfish and corruptions ladden gains as usual?