₦airaland Forum

morrisono111:
Dangote Refinery’s gantry price is $0.55/liter. At forex rate of N1,637/liter, a liter of pms becomes N898.

Just imagine forex rate at N500/$. This same pms will sell at N275/liter. At N800/$, it will be N440/liter.

Our problem is forex rate.

Lamasta:
Dangote is a private citizen and a businessman he does not owe Nigerians explanation how he runs his business, its your government and NNPCL that are not sincere and making life unbearable for Nigerians

nairalanda1:
Oga, please, don't make me laugh at you.

The real koko is that NNPC Is the only buyer of dangote fuel. Tinubu wants to be elected in 2027, and his company has an interest in NNPC.

Tell me, would they let fuel be sold at the real market price? Not when it means losing power?

You guys should not make me laugh today o...before someone thinks I should be committed.

Your government lies. Well well.

LadiIshola:
Let's brace up for #1,000 per liter from independent marketers.
But why is Dangote trying to play hide and seek with the government and Nigerians? Was he expecting that the FG will continue to pay under-recovery on his fuel and make him save face? Come out and own up to your price, na you get your business abeg.
Which kind thing be this sef?

F117nighthawk:
NNPC is a big scam to this country, Nigerians are very good with words when it comes to corruption and lack of transparency,u are telling us u are paying in dollars in September and u will start paying in naira by October?abeg tell that to the birds.only a fool will believe this rubbish.u just want the subsidy scam and wuru wuru to continue.we know Dangote doesn't have a choice but to cooperate with u as the sole marketer he sells to so that u can control the Price and maintain your hidden subsidy scam.
The fact is Nigeria cannot get any better under this political rouges in government.

JoshTim:
Not sincere.....can't you read the content of the pricing....so you expect nnpcl to buy 898 and sell for 500 naira. You are a joke.

VotingPolls:
https://www.facebook.com/100069065264965/posts/pfbid02cmesN9PwS2xyTTM3oJ6esfrPV41BXxVHgcWsnyQMF4iQ8Q9anYj5wcRHSDLA7nVVl/?app=fbl

TruthsFM:
you now see the reality here. Unlike your clueless statistics you always post here that dangote refinery will ease the inflation decrease in Tinubu economy. Now with the current price of nnpcl, the inflation will bite harder than more than before.

Lamasta:
If our government make refineries work we will not be in this position where we will be shouting dangote today

Lamasta:
If our government make refineries work we will not be in this position where we will be shouting dangote today

Minjim:
How do we differentiate the two ?

baralatie:
How is the 5 nnpcl owned refineries work if they made to operate loss

JoshTim:
Blaming this present government for everything that we face today is an unforgivable sin. Government is a continum and the rot in the system today didn't start today or the last ten years but we can start a count from the democratic dispensation. If there wasn't a rot, there wouldn't be thoughts about removing subsidy because subsidy in itself is not bad.

bdon123:
Dangote fuel is still cheaper than import....dont forget import landing cost is 1100 then govt subsidize it to 700

Lamasta:
Who is making them to operate loss

Yampotatocarrot:
Did Fuel just become more expensive?

If so, them for just leave us with NNPC imported fuel na, no be just last month NNPC increase price? Now them don increase am again

chukwuibuipob:
NNPC should stop using Nigerians to play Ludo/table 🎾 game.

baralatie:
If you are buying at less the product cost is that not a loss

JoshTim:
Blaming this present government for everything that we face today is an unforgivable sin. Government is a continum and the rot in the system today didn't start today or the last ten years but we can start a count from the democratic dispensation. If there wasn't a rot, there wouldn't be thoughts about removing subsidy because subsidy in itself is not bad.

Lamasta:
Oga you are shifting the goal post

providencia:
■ The price went up. It didn't crash. NNPC is selling 885 in benin, by the time dangote fuel gets to benin it will be higher than this 950

Kobojunkie:
Dangote, the Father Christmas and savior of the Nigerian people, don crash the price of Petrol in Nigeria. 😁😁😁😁

Lithiumite:
■ It's still cheaper than the landing cost for imported fuel....the stock he has,he bought in USD.....it's in Oct that that the naira crude would start hitting the refinery,we envisage a drop at that point.

ClitRaider:
I told em but they won't listen.
Ima dangote staff and I can tell you Dangote is wicked!
Look at his Cement? It's the largest and most expensive Cement in Nigeria.
Now people will buy this petrol @N1500/L in some Northern states.
Dangote Petrol is most expensive Petrol in Nigeria.
Dangote just wants profit and profits.

baralatie:
Why don't you go fight for Ukraine first🤔

ceejay80s:
u are evil....so I should just go and die saraa there abi ?

KingRex1:
NNPC is playing us.

Dangote already said nnpc buying from him at 898naira was a malicious and mischievous statement. Yet NNPC went ahead to release the same thing as an official statement.

We're in trouble.

Treadway:
All because the bastards that some blind bats enthroned, decided to turn the naira to tissue paper. Cursed be the APC!

The fools online and offline that were expecting fuel to be 300, how far?

As usual, the fools don't even know that the worst has just begun. Let me explain, even though fools still won't understand.

Fuel is gonna be expensive yea, but that is not all, you will still queue likely everyday to buy it. It will not be ready available anytime soon, maybe not even a year from now.

Cos only 1 full tanker will cost approx 50m naira, ONLY NNPC and a few big players eg Bovas will have the financial muscle to buy stock, meaning all the small players with small petrol stations will never open again. Even the Bovas will not buy stock everyday compared to when fuel was affordable. 10 Bovas station would amount to a bill of 500m, if na you would you be spending that everyday?? Meaning only the NNPC, will readily have fuel, meaning queues. The era of readily getting fuel anywhere is basically dead and gone for the foreseeable future. So much for fuel subsidy removal as a solution to all problems as touted by nairalanda1.

God go punish APC for making the naira toilet paper. We will not be in the hapless hopeless state, if they just kept the naira strong till this refinery started. I don't see any respite anytime soon. You will buy fuel at high rates and still toil and queue to find/buy it.

Ha! What a shambles!