₦airaland Forum

M

Nigerians should be patient. The price of petrol will eventually fall

N

Nigeria we hail de

Thanks for the explanation

How many litres of petrol is refined from 1 barrel please?

yommen:
How many litres of petrol is refined from 1 barrel please?

159 litres make one barrel but I don't know how it work when refined

Nonsense paid propagandist....who told u that dollars is the reason...?

I don't know why u guyz love corruption and misinformation so so much...

Now leme get Ur head corrected and brain working...what is the price of diesel in mid March..? 1900 right..? companies were struggling ..dt was wen indomie went up to 17k ryt..?

When Dangote started his sales, what amount did it drop to...? Did I hear u say 900..? A whole 1k was removed ...now the critical questions..


Did Dangote purchase the crude he used to fall the price to 900 in Naira..? Is it not US crude paid at international in price in dollars .? Also remember , Dangote paid for import duty, paid for freight cost and insurance, and all others . So why is it still cheap ..

Did u not hear him say NNPCL Nd their cohort still refused to buy from him till this day because it's too cheap..?


Abeg, understand when u write up to get paid for Ur monthly stipend, but don't com here and assume that PPL here are all morons...

Get a real job!!!!

Shadomaan7:
Thanks for the explanation

He is pulling the wool over Ur eyes..he is a paid writer....don't let his gabbage sink

bigpicture001:
Nonsense paid propagandist....who told u that dollars is the reason...?

I don't know why u guyz love corruption and misinformation so so much...

Now leme get Ur head corrected and brain working...what is the price of diesel in mid March..? 1900 right..? companies were struggling ..dt was wen indomie went up to 17k ryt..?

When Dangote started his sales, what amount did it drop to...? Did I hear u say 900..? A whole 1k was removed ...now the critical questions..


Did Dangote purchase the crude he used to fall the price to 900 in Naira..? Is it not US crude paid at international in price in dollars .? Also remember , Dangote paid for import duty, paid for freight cost and insurance, and all others . So why is it still cheap ..

Did u not hear him say NNPCL Nd their cohort still refused to buy from him till this day because it's too cheap..?


Abeg, understand when u write up to get paid for Ur monthly stipend, but don't com here and assume that PPL here are all morons...

Get a real job!!!!

This is good.

So, what is going on?

If 700-1000 was removed from diesel, Why is the case different for PMS ?

Toh

Nigerians need to ask the right questions and not be emotional

bigpicture001:
Nonsense paid propagandist....who told u that dollars is the reason...?

I don't know why u guyz love corruption and misinformation so so much...

Now leme get Ur head corrected and brain working...what is the price of diesel in mid March..? 1900 right..? companies were struggling ..dt was wen indomie went up to 17k ryt..?

When Dangote started his sales, what amount did it drop to...? Did I hear u say 900..? A whole 1k was removed ...now the critical questions..


Did Dangote purchase the crude he used to fall the price to 900 in Naira..? Is it not US crude paid at international in price in dollars .? Also remember , Dangote paid for import duty, paid for freight cost and insurance, and all others . So why is it still cheap ..

Did u not hear him say NNPCL Nd their cohort still refused to buy from him till this day because it's too cheap..?


Abeg, understand when u write up to get paid for Ur monthly stipend, but don't com here and assume that PPL here are all morons...

Get a real job!!!!

He got about 15 million barrels of Nigerian crude then before NNPCL stopped supply

Originakalokalo:
This is good.

So, what is going on?

If 700-1000 was removed from diesel, Why is the case different for PMS ?

NNPCL was the first to supply crude to dangote and later stop then dangote turned to US.

Dangote initially got about 15 million barrels from NNPCL initially that's was why diesel and jet A1 price fall

And when NNPCL stopped supplying he complained and made it public


Everything is in the news

Shut up... Dangote is expensive because NNPC wants to continue with their Malta fraud..... Criminals

Biodun556:
Nigerians should be patient. The price of petrol will eventually fall

Cheap paid agent. You've started this early morning.

Make we manage am like that for now.

Biodun556:
Nigerians should be patient. The price of petrol will eventually fall

Fall to where?

Besides, Why are you pleading

Is subsidy not truly gone

Biodun556:
He got about 15 million barrels of Nigerian crude then before NNPCL stopped supply

In dollars or Naira..?

Again..why is it now still so cheap...? Because he has started getting in Naira ..?

bigpicture001:
In dollars or Naira..?

Again..why is it now still so cheap...? Because he has started getting in Naira ..?

Did he pay for transport , tax, and custom duty on the crude he got in Nigeria? Even if he paid dollars

Originakalokalo:
This is good.

So, what is going on?

If 700-1000 was removed from diesel, Why is the case different for PMS ?

For PM's, he wanted to solve the lack of Nigerian supply once and for all...and was blocked by the NNPCL cuz he wanted to enforce them to sell in Naira..he won that argument because a particular CBN acts said all transactions in Nigeria MUST b done in the local currency....Joint venture explorers which owns 40% of Nigerian crude argues that all their operations was done in dollars and the government signed an agreement with them in the 50s staying that they will carry out their transaction in foreign currencies....they won..

But the remaining 60% of crude which belongs to Nigeria and which 30% of it has been mortgage by buhari and another 30% of it mortgage by Tinubu remains Nigerian only source of heavy fx inflows...so the government refused...

Dangote mounted pressure using press statement releases to gain the masses support and the president was forced to direct the NNPCL to sell to him in Naira...the effect of this is a serious shortage of FX in the country

Now this is the contentious issue brewing..

The government agreed to his naira payment with a legal agreement that the government through its agency..that NNPCL will b the sole buyer of its supplies..and hence retain the right to fix the prices..we know economics very well that when there is just one producer or seller..it's called monopoly...he agreed so long as they can cover all his supposed pricing the public would have purchased it...

Now when it's time to supply, the PPL wanted to know the price...the refinery can't tell cuz they won't sell to the public...they also announced only the government will buy them all..that put pressure against the FG which swiftly denied the arrangement Nd hence announced that the refinery is free to sell to everyone....the refinery refused to renegade on its agreement Nd waited for the contract date which is 15th September...

The NNPCL did all those refutal of Dangote claims because is its image in the eyes of Nigerians...at last,it adhered with its deal ..and so fixes the price...

haffaze777:
159 litres make one barrel but I don't know how it work when refined

there's also diesel, kerosene and other things from that same barrel

Feldie:
there's also diesel, kerosene and other things from that same barrel

I know and that's why I didn't go beyond my knowledge of it.

haffaze777:
159 litres make one barrel but I don't know how it work when refined

Roughly 40% of PMS with the right amount of mix

tlintia:
Roughly 40% of PMS with the right amount of mix

Thanks for this clarification

Thank you for sharing this informative post.

Originakalokalo:
This is good.

So, what is going on?

If 700-1000 was removed from diesel, Why is the case different for PMS ?

The processing steps, processes and associate cost for Diesel is far lower than that of PMS in all remification.

Defender of the galaxy, you suppose dey fight with the "avengers". Nonsense

Suddenly OP is leaping to Dangote's defence

Biodun556:
NNPCL was the first to supply crude to dangote and later stop then dangote turned to US.

Dangote initially got about 15 million barrels from NNPCL initially that's was why diesel and jet A1 price fall

And when NNPCL stopped supplying he complained and made it public


Everything is in the news

Are you implying NNPCL gave him cheaper than US? Cause NNPCL sold to him in global crude price then in dollars

Biodun556:
Nigerians should be patient. The price of petrol will eventually fall

Please, stop telling Nigerians to be patient with APC.

We were patient for 8 years while we watched Buhari totally destroy our economy.

Now, we should be patient again.