₦airaland Forum

richmond500:
a litre of crude oil is N729 and Dangote sells refined products at 766.
If you were in Dangotes show, how much will you sell the refined product?

who is selling the crude that belongs to us

EreluRoz:
Nonsense.

Absolutely Nonsense

Misterone:
Burn your papa house first

u are part of those stealing from Nigeria and u should be burnt down as well

Imagine

Nigerians that revolted against N97 fuel in 2012 under GEJ

Are the same Nigerians jubilating to buy fuel at N857 in 2024 under APC when APC turned fuel into gold and unaffordable .

APC, una weh done!

[quote author=ttobizz post=132014251]Tinubu has done this[/quote
Oga no be tinubu na Buhari do am

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

Wahala promax

Salewa97:
Good news.

The more the merrier

[color=#000000][/color]

REALLY!!!

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

As long as Nnpc sells crude to dangote at the intl market price, no amount of competition can lessen the refined price like we all widely believe
what Nigerians should be praying for is dollar to fall, any drop will reflect a reduction in price

$1/ 1600 is outrageous

Still outrageous!

richmond500:
a litre of crude is quivalent to N724, Dangote can't sell below 766 after all expenses and salaries are taken off

its apparent they are using int'l market price, then we might as well start praying Naira strengthens, that would reflect reduction in pms price

$1/ 1600 is a huge hindrance to a reasonable price

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

Typical Yoruba man
Always preaching and doing then supporting evil

ceejay80s:
u are part of those stealing from Nigeria and u should be burnt down as well

You people like talking rubbish like kids. Idiot. Go and burn your father's house na! Since you like burning. Rubbish and ingredients

discusant:
You needed to add:
APC is a party of Islamists. Poverty to be extended to all in Nigeria is the ultimate aim of APC.

Not all Islamists are bad and retrogressive

Yaradua was an Islamist and helped the country grow. Tinubu and Buhari are terrible leaders

When it was said the Dangote will sell at 700 naira during Buhari' time we shouted.

Game plan perfectly executed

Sorry my people.

When NLC accepted salary increase, they created the monster. They should have opted for reduction in price of fuel and other commodities.

It's a long pain for all.

Salary increment made useless

Ojuntana:
Lol
So with all your posturing this thing dey affect una too
See as you pick sense as you see fuel price
The shege is real

Who and who be una? Am I in a group or any association you are familiar with? I don't understand you.

EyeCumInPeace:
Wayo people.
Initially making Nigerians buy fuel at over 1k to make it look like buying at ₦865 should be good news.

Nothing good about it. By the time it gets to other distributors, it will still rise to around 900 to 1k

Didijiji:
Not all Islamists are bad and retrogressive

Yaradua was an Islamist and helped the country grow. Tinubu and Buhari are terrible leaders

A Muslim is not the same as an Islamst. In fact, most Muslims are not Islamists.

Late Yar'adua was not an Islamist, even though he was a Muslim.
Buhari is a typical Islamist.

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

Keep shut. You are not an economist. If the government allowed him, he'll do it. It is very possible.

ItisWell22:
Better than this #1300 oh.



Really?

Nothing better there. Because by the time it gets to local distributors, it will still rise to 900 or 1k. So almost no difference.

[quote author=nairaman66 post=132014230]This is the same corruption but in a different way. NNPC will supply their stations nationwide. Their managers at night will sell to private operators for 800 or so, then the private operators will sell for 1200-1300 as the case maybe. Nothing really has changed! It’s just the same corrupt practices, but this one will be worse!

Solution: NNPC should totally be removed from the line of things. They are the cabal and the most corrupt people on earth. Dangote should source for means to liaise with major players like AYM SHAFFA etc. In times of scarcity, these major players have stick with their prices.

You are on point, why is NNPC serving as unnecessary middle man?

Congratulations. Their goal was achieved.

Does anyone know how much is Dangote buying crude from NNPCL?

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?

That’s not how it works
You get more litres of PMS from one barrel because of air admixture etc

In reality during refining you get several byproducts like diesel that are more expensive than PMS

Your math is not mathing

Initially increase FUEL


Because of


DANGOTE


Rubbish people.

NNPC, DANGOTE, Tinubu and APC are same in d night.

Yankee101:
That’s not how it works
You get more litres of PMS from one barrel because of air admixture etc

In reality during refining you get several byproducts like diesel that are more expensive than PMS

Your math is not mathing

u get 170 litres, that's just 11 litre difference

samuelson06:
Keep shut. You are not an economist. If the government allowed him, he'll do it. It is very possible.

that's political, it's not economics.
I said economically, it's impossible

EBOLA TINUBU IS A DISASTER TO THIS NATION.

U buy petrol at 900+ and sell it 800+ but u still claim subsidy is gone... Wayo

Our Crazy fraudulent citizen failed to ask who created the nnpcl, you people have problems of reasoning in the right direction

richmond500:
u get 170 litres, that's just 11 litre difference

If you don’t understand refining sciences and all you depend on is google then you won’t understand until you go back and do more research


Dangote produces fertilizer, jet fuel, disel. Condensates will produce bitumen for road construction and polypropylene for plastic substrates.

So if you google how many liter of gas from one barrel of crude, you’re just getting a basic answer. You get more expensive byproducts that allows you to sell PMS cheaper

A simple example is Vaseline. Since you like google, google the prices on Jumia

Or google the price of motor oil

Or fertilizer

Or a benzene derivative drug like Benzodiazepines


Find out thier prices and you’ll understand why we can sell PMS for 500 or less

Brain dead apc supporters can buy 300 naira. Them think the politicians they support send them.