₦airaland Forum

dre11:
https://www.premiumtimesng.com/news/top-news/734395-dangote-refinery-petrol-prices-unlikely-to-drop-experts.html

nairalanda1:
Anyone who thinks that fuel will drop just because we have domestic refining...should remember that transport cost, refining cost, taxes, and workers salaries are part of the price you pay for petrol

And government cannot afford subsidy, althrough they want to keep paying it...folly indeed.

But the thing is, there is no way dangote is going to pay maintenance costs, taxes, refining costs, upgrade cost, and workers salaries at international level on just N100 per liter.

Baxilexi:
Again, for those who don’t understand the term our common patrimony, if we decide to drink our crude we’ve got the gaddam right to do so. It makes no sense to export at the expense of local content. It’s an aberration.

A simpler example for simpletons would be donating blood when you’re pale.

Nigeria needs its oil, we apologize to our international customers, we can’t meet the entirety of your demands, we are ramping up production. (that is whenever General Christopher gets it right, he assured us of 2 million barrels per day in 2 months).

Following the logic I’ve seen here, we may as well use global pricing for the cost of food items. Pay the international rate for a kilo of tomatoes.

Our survival is more important than putting up a front of meeting OPECs quota. People are hungry and frustrated and if cheaper petrol can provide some respite pending when FG fixes electricity and public transportation then let it sell cheap.

We are actually oil rich*

dre11:
https://www.premiumtimesng.com/news/top-news/734395-dangote-refinery-petrol-prices-unlikely-to-drop-experts.html

ceejay80s:
refinery wey go soon burn down

happney65:
Of course. It won't drop to 100naira per litre,but over a period of time,it should come down since it is locally refined here and over a period of time we shall do away with importing any form of petroleum products and its subsidiaries

nairalanda1:
Anyone who thinks that fuel will drop just because we have domestic refining...should remember that transport cost, refining cost, taxes, and workers salaries are part of the price you pay for petrol

And government cannot afford subsidy, althrough they want to keep paying it...folly indeed.

But the thing is, there is no way dangote is going to pay maintenance costs, taxes, refining costs, upgrade cost, and workers salaries at international level on just N100 per liter.

dre11:
https://www.premiumtimesng.com/news/top-news/734395-dangote-refinery-petrol-prices-unlikely-to-drop-experts.html

Realdeals:
We heard that the refinery gate price is #765/L

"Dangote Refinery will supply 25m liters daily at N765. while NNPCL will import the remaining 15 million liters. By end of October, Dangote supply will rise to 35m liters while NNPCL importation reduces to 5m."

dre11:
https://www.premiumtimesng.com/news/top-news/734395-dangote-refinery-petrol-prices-unlikely-to-drop-experts.html

Realdeals:
We heard that the refinery gate price is #765/L

"Dangote Refinery will supply 25m liters daily at N765. while NNPCL will import the remaining 15 million liters. By end of October, Dangote supply will rise to 35m liters while NNPCL importation reduces to 5m."

Umueme:
Lol

I remember when we were explicitly saying that prior to Dangote petrol hitting the market, the price will rise exorbitantly, his product will come and slash maybe 100 naira or so off the price and we'll end up buying it higher than normal, and they said we were crazy and conspiracy theorists.

APC goons will all die agonizing deaths for deliberate ignorance.

#MyOpinion

ChybuzzDD:
You keep changing like a chameleon
Weren't you part of those who tried to convince Nigerians that Dangote's refinery and/or competitions would bring down the price of petrol following the subsidy removal, why we kept reminding you Nigeria's economy doesn't obey standard economic principles?
You guys are not only hypocritical, but ignorant.
Nigerians are already suffering for nothing more than 1yr after the unfortunate and ill-advised removal of the subsidy and the blood of the dead will be on you guys' heads.

Yankee101:
If it won’t drop then allow imports

Realdeals:
We heard that the refinery gate price is #765/L

"Dangote Refinery will supply 25m liters daily at N765. while NNPCL will import the remaining 15 million liters. By end of October, Dangote supply will rise to 35m liters while NNPCL importation reduces to 5m."

IamANigerianMan:
What of your currency?

MEEVEET:
Majority of Nigerians are really ignorant little wonder why we produce the type of leaders we produce

Dangote refinery buys crude at international price, and you expect him to sale below international price for you because?

Average price of petrol is around 0.8 to 1.1 dollars internationally

Say 0.8 dollars thsts ₦1300 minimum

Nnpc would buy from him at 1300 and sale to you at ₦750... Paying a subsidy of ₦500 per litre while u buy at ₦850 to ₦8950

Rossikk:
In your dreams, IPOB.

MEEVEET:
Majority of Nigerians are really ignorant little wonder why we produce the type of leaders we produce

Dangote refinery buys crude at international price, and you expect him to sale below international price for you because?

Average price of petrol is around 0.8 to 1.1 dollars internationally

Say 0.8 dollars thsts ₦1300 minimum

Nnpc would buy from him at 1300 and sale to you at ₦750... Paying a subsidy of ₦500 per litre while u buy at ₦850 to ₦8950

Samtob90:
We all study this economic, while all other factors are valid, let's remember that the crude if sourced locally would not incur transport cost to Europe, no taxes on the product on various countries and same no cost of importation.
The relevant cost that would be put to consideration here will be:
Cost of crude, transport to the facility, operational cost, margin and a few others