₦airaland Forum

Yankee101:
A barrel of crude is 159 liters

femi4:
Without refinery: N200 per litre

With refinery: N850 per litre

The more you look....

richmond500:
You should consider how much he buys crude too.

ufotunang:
..but NNPC said the crude oil was sold to him in naira..so I expect it for Dangote to sell it more cheaper..no landing costs, freight costs, insurance costs, import duty levies and other costs when importing the fuel from abroad

richmond500:
with subsidy and without subsidy.
Btw, the deciding factor is the worth of our local currency. We should fight to strengthen the naira.

Mayflowa:
No matter what, the final product should never be subsidized. Any subsidy should come from crude supply that will make Dangote sell cheaper. This should be all about market freedom

richmond500:
with subsidy and without subsidy.
Btw, the deciding factor is the worth of our local currency. We should fight to strengthen the naira.

richmond500:
that's true, $72 or 115k divides 159 is equal to N724 per litre
So I am now asking you again, do you think Dangote price is too high if he sells at N766 after refining?

ceejay80s:
how is this good news?
I feel like burning down this country

richmond500:
You should consider how much he buys crude too.

ceejay80s:
how is this good news?
I feel like burning down this country

bluefilm:
What kind of fight?

Is it Money in the Bag?

Or Royal Rumble?

Mayflowa:
Is NNPC supplying crude to Dangote as international price?

Crude is not all PMS. There are many expensive products from it like aviation fuel and even bye products like polypropylene and petroleum jelly including pharmaceuticals

Salewa97:
Good news.

The more the merrier

TemplarLandry:
God is great!

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

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

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

Usmanovic95:
We have the crude and the refinery but the cost is still this high? What if we don't have crude😌😌

chidiokay:
Interesting, can you back that up with stats/calc ...

except you know what only Nnpc know

Aile:
The more you look,
The less you see .
Nigeria for you

Didijiji:
Eediots …

No wonder they increased it so we already get use to it

APC is a party of witches
APC is a party of wizards
APC is a party of demons
APC is a party of setback merchants
APC is a party interested in damages
APC is a party of occultists

Conceived and birthed at Ojota in 2012

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

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