₦airaland Forum

Nigerians as usual

(The usual saying)
We will take it like that abi....

lextube:
It'll be good if it's sold at around 800 naira.

im not sure u know what 800 means.its stl very high.Can a public servant buy it at that price with the current minimum wage?if it’s sold for more than 600 then the Dangote thg hasn’t helped much.

So 857 is now a cheaper fuel. People are really dumb in this country

If NNPC institution of these greedy regim was not scrap common Nigerian will always remain abject poverty...

So from N600 to N900

efemena5050:
ur among the few wise onces still left in Nigeria ........trust the mumu Nigerians that God created we will end praising nnpcl and tunubu for bringing the price to #865...... forgetting that this bastard once protested during Goodluck against the price of #200 .......I hate Nigerians I swear .....coward,docile, selfish, wicked stupid, morally religion and blinded people......

they actually protested against #120 per litre during Jonathan administration, how convenient!

May?

No certainty at all?

God forbid BAT thing

pdppower:
E no go better for Bala Blu and his supporters

Shey e don better for you or your own biological father

Crude was gotten here, why is the price that high?
Shamless NNPC, their presence in this distribution line is just to maintain a high PMS price, so that their loyal marketers who import from their Daddy's refinery will still make gain and pay royalties

dangote was just using nigerians

where are his cruisers now ?

Kobojunkieee:
How in the world is that cheaper is the recently-raised NNPCL price of fuel? 😂😂😂😂😂😂😂😂😂

People are just daft, look at what they're celebrating... How much was fuel a month ago?

Dangote has no any different from the cruel people we have as leaders.

richmond500:
Do you know how much NNPCL was buying from overseas refinery before subsidy?
They buy close to N1k naira, logistics cost and every other thing moves the product to 1300.

I live abroad and I know the price of refined products with taxes

NNPC is just giving you figures you need to believe the subsidy payments they’re making. The subsidy paid in the last one year eclipsed what some entire administrations have paid in 4 years

This time around the crude was pumped to Dangote and refined locally. In refining you add cost of labour, transport ships and trucking to last mile. Labour abroad is a minimum of 2.6m naira per month in these refineries. Dangote is paying some less than 100k per month. Crude was sold in Naira. No shippping costs. Etc etc

You’re beginning to buy the lie. Do you wonder why there was scarcity and inflated prices before Dangote came onstream?

It’s called orchestration

Nigeria country is truly a X00

it was all a game to cause fuel scarcity and act as a saviour after. dangote is involved in this game to fool nigerians

Mindsetmindset:
So 857 is now a cheaper fuel. People are really dumb in this country

i agree no shipping costs. so why is it still high?

Yankee101:
I live abroad and I know the price of refined products with taxes

NNPC is just giving you figures you need to believe the subsidy payments they’re making. The subsidy paid in the last one year eclipsed what some entire administrations have paid in 4 years

This time around the crude was pumped to Dangote and refined locally. In refining you add cost of labour, transport ships and trucking to last mile. Labour abroad is a minimum of 2.6m naira per month in these refineries. Dangote is paying some less than 100k per month. Crude was sold in Naira. No shippping costs. Etc etc

You’re beginning to buy the lie. Do you wonder why there was scarcity and inflated prices before Dangote came onstream?

It’s called orchestration

Yankee101:
I live abroad and I know the price of refined products with taxes

NNPC is just giving you figures you need to believe the subsidy payments they’re making. The subsidy paid in the last one year eclipsed what some entire administrations have paid in 4 years

This time around the crude was pumped to Dangote and refined locally. In refining you add cost of labour, transport ships and trucking to last mile. Labour abroad is a minimum of 2.6m naira per month in these refineries. Dangote is paying some less than 100k per month. Crude was sold in Naira. No shippping costs. Etc etc

You’re beginning to buy the lie. Do you wonder why there was scarcity and inflated prices before Dangote came onstream?

It’s called orchestration

Nigeria sells a barrel of crude for $72 which is equivalent to N729 per litre, so how much do you think we buy the refined products?

Good news of the month

Lanretoye:
NNPC selling imported petrol at 850 will now sell local petrol too at the same price,it is well.

I don't understand this people o, locally made products now more expensive than imported products...

richmond500:
it is economically impossible for Dangote to sell below N766 per litre

How did you arrive at this figure?

frog12:
i agree no shipping costs. so why is it still high?

NNPCL was still subsidizing the fuel that is why you felt Dangote own was expensive.

richmond500:
Nigeria sells a barrel of crude for $72 which is equivalent to N729 per litre, so how much do you think we buy the refined products?

A barrel of crude is 159 liters

Most recently, you were buying petrol at #600 then they made it scarce and sold it for #1200. Now they intend to sell over #800 and make it available, that's the tactics!

tuoyoojo:
So this is the cheap fuel we have been expecting for the past 8 years

...if they were other private modular refineries also producing fuel it will create competition and reduce the price of fuel..so it's competition that can reduce the price of fuel...but with only Dangote refinery producing it creating monopoly it might not go down

sweden:
How did you arrive at this figure?

because crude is $72 per barrel which is N729 per litre of crude. If Dangote buys crude at 729 per litre, it's viable to sell at 766 per litre.
He made about N37 gain per litre.

ufotunang:
...if they were other private modular refineries also producing fuel it will create competition and reduce the price of fuel..so it's competition that can reduce the price of fuel...but with only Dangote refinery producing it creating monopoly it might not go down

You should consider how much he buys crude too.

Tjra:
Have you factored in Independent marketers? Those guys are reapers oo

And free market declaration goes their way and to their dubious advantage

Now that there is a local refinery why not the FG kuku pay the subsidy in Naira since Nigerians aren't gaining anything directly from the FG except the subsidy.
And put heavy tax on any form of export so that any fuel going outside Nigeria will be around 700-750 NGN
What PBAT needs to do urgently if he doesn't want the country to explode in 6 months.
1 peg the pump price at 100 NGN at all cost
2 peg the Naira at 350 NGN/USD
3 ban any form of fuel importation
If country like Libya with there instability can still have PMS at 50 NGN (0.03 USD) at the time of writing this what stops Nigeria to have PMS at 100 NGN with Dangote refinery onboard. Dangote + PBAT gov are all out to exploit Nigeria

It's competition in the refinery sector that can bring down the price of fuel if they are other private modular refineries also producing this fuel it will create competition and reduce and bring down the price of fuel..this is the only way

they need to restructure everything. the costs is too high for people.
corruption is not making us see clearly

richmond500:
NNPCL was still subsidizing the fuel that is why you felt Dangote own was expensive.

dre11:
https://guardian.ng/energy/nigerians-may-buy-dangote-petrol-for-n857-n865-per-litre/

Without refinery: N200 per litre
With refinery: N850 per litre


Without local production, a bag of rice: N5000
Now, focus on local production, bag of rice : N80k

Before privatisation, light: 20hrs/day
With privatisation ń prepaid meter: darkness 3days


The more you look....

Bovas sells at 900. From 650 to 900. Nigeria is doomed for hell