₦airaland Forum

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

e pain am

Rubbish ppl

Why on earth should a Nigerian buy locally refined petrol such an exorbitant price?

Like this wickedness is already out of hand.

Tinubu and e nnpc business things
Heartless leaders

Alliswell248:
Keep confusing your fellow headless mob

A lifeless zombie and a birdbrain

The government should have increased the price to like 1,300 per litre

The government should drastically cut what it spends on subsidy.

OBJ did so, and that was why there was constant scarcity during his 8 year tenure. He also built the Excess Crusde Account to $20bn

Alternatively, petrol purchased at NNPC petrol stations should go for 1,000 and whatever at other stations.

The sooner the petrol price is deregulated, the
better.

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

. You get sense pass other useless commentee here

Salewa97:
Good news.

The more the merrier

It is new good news

Nigeria is like More you look, less.

I don't trust this billionaires dangote

Why is ECONOMICALLY IMPOSSIBLE?

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

It is still cheap.

ceejay80s:
who is selling the crude that belongs to us

Puppeteer for Europe

Abi you need breakdown?

Flame333:
That is the dream Nigeria the likes of Soyinka, Bakare, Sowore and even Tinubu fought for..

More poverty to his supporters

The Falana that's been constantly attacking Tinubu, you overlooked him

What of Gani Adams and co


Extremist!!!

chidiokay:
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

..so if the dollars falls will it reduce the price of crude oil in the international market..in which NNPC is using to sell to Dangote

DevilsEqual:
The Falana that's been constantly attacking Tinubu, you overlooked him

What of Gani Adams and co


Extremist!!!

What crime would you have committed if you add them for me

BabaO2:
Dangote is a blackmailer
This price is too high.
He freely rode on Nigerians to achieve this refinery.
All the imported hardwares were tax free, free import taxes, etc. Free free access to forex at official rate. Crude supply in naira etc.
He wants to recoup all money spent in a month or what? his selling price to nnpc shouldnt be more that N400, from nnpc to the last enduser shouldnt be more than N500

U are too emotional abt this.Dangote was sold crude at prevailing exchange rate also at international price of crude.Wat should be annoying u is why subsidiy was removed completely.If we were subsidizing 200million litres a month, wit dangote being only source of pms it becomes 100millon litres as most of our subsidized pms goes to neighboring countries.Also ,they were subsidizing abt 700 per litre being price of landing pms was 1200 naira.They cld hav jst subsidized 300 naira for us instead n that will bring price of pms to abt 400plus which will also reduce d 30% of our fx going to pms importation which will bring down exchange rate n further reduce price of crude sold to dangote on d long run n finally eliminate subsidy.

bdon123:
U are too emotional abt this.Dangote was sold crude at prevailing exchange rate also at international price of crude.Wat should be annoying u is why subsidiy was removed completely.If we were subsidizing 200million litres a month, wit dangote being only source of pms it becomes 100millon litres as most of our subsidized pms goes to neighboring countries.Also ,they were subsidizing abt 700 per litre being price of landing pms was 1200 naira.They cld hav jst subsidized 300 naira for us instead n that will bring price of pms to abt 400plus which will also reduce d 30% of our fx going to pms importation which will bring down exchange rate n further reduce price of crude sold to dangote on d long run n finally eliminate subsidy.

They didn't sell to dangote at prevailing international price because portion sold to dangote doesn't involve cross atlantics transportation costs and other charges

BabaO2:
They didn't sell to dangote at prevailing international price because portion sold to dangote doesn't involve cross atlantics transportation costs and other charges

They sold to dangote at prevailing international price of crude in usd f...cost of transportation is irrelevant here.Even d one sold in naira is going to be equivalent of d dollar which is still very much.D next order will be crude to product swap which makes more sense.

ufotunang:
..so if the dollars falls will it reduce the price of crude oil in the international market..in which NNPC is using to sell to Dangote

Yes it will.if exchange comes down ,price of crude in naira comes down n so does d products

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

Exactly d deciding factor is worth of out currency.if naira to dollar falls to 1000 today so will price of dangote pms

ufotunang:
..so if the dollars falls will it reduce the price of crude oil in the international market..in which NNPC is using to sell to Dangote

Let say the dollar drop $1= # 600

1 barrel = 159 litres
1 barrel = $72
$72 × 600= 43200 ÷ 159 = 271

so imagine dangote is buying 1 barrel of crude at #43200 he cant sell is refined pms beyond 300 and @ worst Nigerians we buy at filing stations within 350- 390 under a normal environment, fear Nig. govt

chidiokay:
Let say the dollar drop $1= # 600

1 barrel = 159 litres
1 barrel = $72
$72 × 600= 43200 ÷ 159 = 271

so imagine dangote is buying 1 barrel of crude at #43200 he cant sell is refined pms beyond 300 and @ worst Nigerians we buy at filing stations within 350- 390 under a normal environment, fear Nig. govt

....so if NNPC sells a barrel.of crude oil to Dangote at $20 per barrel...will NNPC have any problem with OPEC ?..is it compulsory for NNPC to sell it at 72 dollars per barrel..at least if NNPC and federal government wants the price of the fuel be cheap and reduce the hardship inflation hunger nigerians are facing can't they sell it to Dangote at 20 dollars per barrel..just asking

ufotunang:
....so if NNPC sells a barrel.of crude oil to Dangote at $20 per barrel...will NNPC have any problem with OPEC ?..is it compulsory for NNPC to sell it at 72 dollars per barrel..at least if NNPC and federal government wants the price of the fuel be cheap and reduce the hardship inflation hunger nigerians are facing can't they sell it to Dangote at 20 dollars per barrel..just asking

As long as Nnpc is selling out to private entities (local or foreign) int'l market price becomes the default, its a global oil market rule it attract sanctions

But let assume Refineries owned by Nigeria are working, Nnpc can sell crude to the refineries at any amount .. be it $20 or whatever .. int'l market price cant interfere

what Govt can do at this time is subsidize sales of Dangote output quota to Nigeria, and most importantly our biggest relief will be dollar drop

chidiokay:
As long as Nnpc is selling out to private entities (local or foreign) int'l market price becomes the default, its a global oil market rule it attract sanctions

But let assume Refineries owned by Nigeria are working, Nnpc can sell crude to the refineries at any amount .. be it $20 or whatever .. int'l market price cant interfere

what Govt can do at this time is subsidize sales of Dangote output quota to Nigeria, and most importantly our biggest relief will be dollar drop

..ok which means the federal government have to see how the dollars can crash against the naira...to appreciate the naira and make it have value against the dollars... like if the dollar exchange rate is like 500 naira to a dollar the price of fuel will be cheap

Absolutely!

Osanoghodua1:
Tinubu is a fraudster.