NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery - Politics (3)

NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery (18964 Views)

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Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Choiceone1: 9:51pm On Sep 15, 2024

Krucifax:
Source https://dailytrust.com/breaking-we-bought-fuel-from-dangote-at-n898-per-litre-nnpcl/

Based on the feedback from NNPC my price pyramind prediction is thus =

Dangote Sale Price = N898
NPPC Sale Price = N898 + X?
Marketers Sale Price = N898 + X? + X?
Petrol Station Sale Price = N898 + X? + X? + X? = Find X ??

See their evil agenda, nothing like landing cost and other costs but see wickedness. This country can't continue like this their evil plan will be opened in the nearest future

1 Like

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Nyanabo2: 9:52pm On Sep 15, 2024

Therefore the pump price will be around 1200-1250. With plans of even going higher If oil prices soars. Those overnight economist who think Dangote the business man would seek lower would kiss the dust. It will never happen Shege pro max de front de wait. The senseless fool is still gallivanting around the world testing is latest acquisition. No end in sight for una sufferings QED.

2 Likes

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Samogloby: 9:53pm On Sep 15, 2024

Lie lie government

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by merits(m): 9:53pm On Sep 15, 2024

Krucifax:
Source https://dailytrust.com/breaking-we-bought-fuel-from-dangote-at-n898-per-litre-nnpcl/

Based on the feedback from NNPC my price pyramind prediction is thus =

Dangote Sale Price = N898
NPPC Sale Price = N898 + X?
Marketers Sale Price = N898 + X? + X?
Petrol Station Sale Price = N898 + X? + X? + X? = Find X ??

X = N2000 to N2500 / litre 👍👍 Jagaban weldone

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Didijiji: 9:54pm On Sep 15, 2024

God punish APC

God punish their supporters

God punish Ojota protesters

2 Likes 1 Share

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Franking: 9:55pm On Sep 15, 2024

To be sold at how much?

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Mindlog: 9:55pm On Sep 15, 2024

Salewa97:
Good news.

The price of petrol is going to crash soon.

Psychosis on point. cheesy

2 Likes

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by BadMaster: 9:55pm On Sep 15, 2024

God punish Tinubu and all the idiots supporting him because of Tribalism. It's understandable that you initially supported him because you genuinely believed he would change things or at least try.

But any fool still supporting him till now, even after clearly seeing that he is evil and has no positive plan for this country, that person will die a miserable death.

2 Likes

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by jaxxy(m): 9:56pm On Sep 15, 2024

These people are playing with us. They didn't let dangote disclose price then say they have bought fuel at whatever price only God knows.

Then dangote can't sell other marketers cos they are sole off takers?

All this is shady and wrong.

Why will they even agree to a price higher than what they were supplying Nigerians b4?? Can u see NNPC is very corrupt.

3 Likes

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by idsamoo(m): 9:56pm On Sep 15, 2024

Dangote group confirmed this is false..

https://x.com/DangoteGroup/status/1835416788521423104?t=cbGqMHMJjrv3ndro7SP-cg&s=19

PRESS STATEMENT

Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per litre to the NNPCL.
This statement is both misleading and mischievous, deliberately aimed at undermining the milestone achievement recorded today, September 15, 2024, towards addressing energy insufficiency and insecurity, which has bedeviled the economy in the past 50 years.
We urge Nigerians to disregard this malicious statement and await a formal announcement on the pricing, by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars.
It should also be noted that we sold the products to NNPCL in dollars with a lot of savings against what they are currently importing. With this action, there will be petrol in every local government area of the country regardless of their remote nature.
We assure Nigerians of availability of quality petroleum product and putting an end to the endemic fuel scarcity in the country.

Anthony Chiejina
Group Chief Branding and Communications Officer
15th September, 2024

#alikodangote
#DangoteRefinery

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Choiceone1: 9:57pm On Sep 15, 2024

Krucifax:
Source https://dailytrust.com/breaking-we-bought-fuel-from-dangote-at-n898-per-litre-nnpcl/

Based on the feedback from NNPC my price pyramind prediction is thus =

Dangote Sale Price = N898
NPPC Sale Price = N898 + X?
Marketers Sale Price = N898 + X? + X?
Petrol Station Sale Price = N898 + X? + X? + X? = Find X ??

NNPC has now become our enemy

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Nyanabo2: 9:57pm On Sep 15, 2024

Krucifax:
Source https://dailytrust.com/breaking-we-bought-fuel-from-dangote-at-n898-per-litre-nnpcl/

Based on the feedback from NNPC my price pyramind prediction is thus =

Dangote Sale Price = N898
NPPC Sale Price = N898 + 72
Marketers Sale Price = N898 + 72? + 100?
Petrol Station Sale Price = N898 + 72+ 100 + 150 = 1220
Find X =1220 QED

4 Likes

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Alliswell248: 9:57pm On Sep 15, 2024

Naijanascam:

The man ipob miscreants hate , who God is lifting.

Gbajue people

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Brushstrokes20: 9:57pm On Sep 15, 2024

Without mincing words, the shyyythole is being ruled by a bunch of blood thirsty DEMONS 💯💯

3 Likes 2 Shares

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by okoloto: 9:57pm On Sep 15, 2024

Whenever they want to increase price, they will firstly creat artificial scarcity

2 Likes

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by CSTRR: 9:58pm On Sep 15, 2024

ALTERNATEID:
Why should they get their own cheaper when they voted for Tinubu because of his promise like all other candidates to deregulate the oil sector? Why are you Obi supporters crying more than the bereaved?

Peter obi promised to deregulate the sector in phases.

Not without getting accurate stock of our fuel consumption and ensuring that any subsidy being paid is not being inflated.

And not only that, all monies saved from subsidy would be channeled into a direct alternative for the Nigerian people.

Is that what tinubu promised you?

As at today, Nigeria is still paying subsidy at unprecedented rates with high petrol prices.

2 Likes

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Choiceone1: 9:59pm On Sep 15, 2024

Krucifax:
Source https://dailytrust.com/breaking-we-bought-fuel-from-dangote-at-n898-per-litre-nnpcl/

Based on the feedback from NNPC my price pyramind prediction is thus =

Dangote Sale Price = N898
NPPC Sale Price = N898 + X?
Marketers Sale Price = N898 + X? + X?
Petrol Station Sale Price = N898 + X? + X? + X? = Find X ??

Very wicked and deceitful Government

1 Like

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Tareq1105: 10:00pm On Sep 15, 2024

figment232:
This is very heartless indeed, all our expectations for at least N500/litre finally dashed. Then what is d need for Dangote refinery on our soil if i may ask. Na God go help the poor.

It's heartless and Tinubu should not believe this lies from NNPC.

2 Likes

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Nyanabo2: 10:00pm On Sep 15, 2024

Marketers and distributors should be able to buy directly from Dangote . That’s evil entity called NNPCL should be disbanded and all past and present officials dead or alive, jailed and their case file thrown to the bush.

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Choiceone1: 10:01pm On Sep 15, 2024

Krucifax:
Source https://dailytrust.com/breaking-we-bought-fuel-from-dangote-at-n898-per-litre-nnpcl/

Based on the feedback from NNPC my price pyramind prediction is thus =

Dangote Sale Price = N898
NPPC Sale Price = N898 + X?
Marketers Sale Price = N898 + X? + X?
Petrol Station Sale Price = N898 + X? + X? + X? = Find X ??

They don't want to loose where they're syphoning money

1 Like

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by favor914: 10:01pm On Sep 15, 2024

MEEVEET:
Subsidy is a scam, remove it so APC wont have any more excuse

Wailer you are 👀 looking for something new to wail about abi?

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Elliotwaveforec: 10:02pm On Sep 15, 2024

It will be subsidised by 100 or more; N800 could be the price at petrol stations.

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Obviouslyblunt: 10:04pm On Sep 15, 2024

Thieves.

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by edungene7: 10:04pm On Sep 15, 2024

MEEVEET:
I don't know why this government lie so much... This is becoming a sickness

There is no way under the sun dangote can sale petrol at ₦898... It's absolutely impossible

Crude oil cost 72 dollars per barrels it cost 5 dollars to refine averagly that's 77 dollars

There are 159 litres in a barrels

5% of crude is lost during refining average that's so we have 151 litres

refinery expect 40-45% gasoline, 25-30% diesel, 5-10% aviation fuel, and about 15-25% "other"

So let's use 45 petrol, 30 diesel and 10% aviation fuel ( kerosene +diesel blend)

The remaining 15% is basically worthless

For simplicity sake let's assume petrol diesel and kerosene are same price

85% of 151 = 129 litres of products
Crude cost + refining cost = 77*1650 = 127,050

That gives us a cost price of ₦985

Let's say dangote sets a profit margins of 15%

That gives us a final price of
₦ 1,132

I have been very very conservative here... Cost of refining, and yield but this is the minimum dangote can sale his petrol

You are a criminal so with landing cost imported PMS from cost around #1117 so you importing from Malta is way cheaper than producing in Nigeria you need serious beating

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Akinsazy1985: 10:04pm On Sep 15, 2024

I’ve lost a lot of people (friends and family) due to their insensitivity by supporting TINUBU. I hope they’ll enjoy their Waterloo. This is a watery grave. Just survive and leave naija

1 Like

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Ttipsy(f): 10:05pm On Sep 15, 2024

Wickedness at its peak

What happened to PH refinery?
Political refinary

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by favor914: 10:05pm On Sep 15, 2024

CSTRR:
Peter obi promised to deregulate the sector in phases.

Not without getting accurate stock of our fuel consumption and ensuring that any subsidy being paid is not being inflated.

And not only that, all monies saved from subsidy would be channeled into a direct alternative for the Nigerian people.

Is that what tinubu promised you?

As at today, Nigeria is still paying subsidy at unprecedented rates with high petrol prices.

Gringory Obi the parrot, talk is cheap, he will all monies saved from subsidy would be channeled into a direct alternative for the Nigerian people, like he channeled Ndi Anambra’s money to his family brewery abi?

You done taste Gringory Obi beer before?

1 Like 1 Share

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Tareq1105: 10:06pm On Sep 15, 2024

CSTRR:
Peter obi promised to deregulate the sector in phases.

Not without getting accurate stock of our fuel consumption and ensuring that any subsidy being paid is not being inflated.

And not only that, all monies saved from subsidy would be channeled into a direct alternative for the Nigerian people.

Is that what tinubu promised you?

As at today, Nigeria is still paying subsidy at unprecedented rates with high petrol prices.

It's very easy for Obi to say that. How many places can Obi be at the same time?

Subsidy would be inflated and Obi would not even know. Obi who cannot handle crisis in his Party wants to handle petroleum marketers.

Can Obi handle the excesses of Aisha Yusuf? Can he handle her madness?

It's easier said than done.

3 Likes 2 Shares

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Faradmax: 10:06pm On Sep 15, 2024

It should be x,y and z because the respective x can not be the same value when selling.

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by Handsum64: 10:08pm On Sep 15, 2024

The government worked in cohort with the capitalist Dangote to create a disoriented scenario for his convenient entry price

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by EngineerOloye: 10:08pm On Sep 15, 2024

figment232:
This is very heartless indeed, all our expectations for at least N500/litre finally dashed. Then what is d need for Dangote refinery on our soil if i may ask. Na God go help the poor.

NNPC is playing politics.
The crude stock currently with Dangote was bought in USD and he will sell USD back!
If the drop the price immediately, their strategic stock comes at a loss to them and they want to push this cost to Nigerians for as long as they can before the market forces of supply forces the prices down. If e sure for them, why can't they let private marketers lift directly?

1 Like 1 Share

Re: NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery by AjegunleBoy(m): 10:08pm On Sep 15, 2024

MEEVEET:
I don't know why this government lie so much... This is becoming a sickness

There is no way under the sun dangote can sale petrol at ₦898... It's absolutely impossible

Crude oil cost 72 dollars per barrels it cost 5 dollars to refine averagly that's 77 dollars

There are 159 litres in a barrels

5% of crude is lost during refining average that's so we have 151 litres

refinery expect 40-45% gasoline, 25-30% diesel, 5-10% aviation fuel, and about 15-25% "other"

So let's use 45 petrol, 30 diesel and 10% aviation fuel ( kerosene +diesel blend)

The remaining 15% is basically worthless

For simplicity sake let's assume petrol diesel and kerosene are same price

85% of 151 = 129 litres of products
Crude cost + refining cost = 77*1650 = 127,050

That gives us a cost price of ₦985

Let's say dangote sets a profit margins of 15%

That gives us a final price of
₦ 1,132

I have been very very conservative here... Cost of refining, and yield but this is the minimum dangote can sale his petrol

I have a better idea!

Why don't we beg Dangote to sell PMS for #2500 instead so dat he won't suffer loss?

eh?
huh

Mtchew!

1 2 3 4 5 6 7 Reply

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