₦airaland Forum

kanupapilo:
Corruption capital of the world with occult leaders who want to see the poor suffer.


https://www.youtube.com/watch?v=Wg7lfHL_l1w

Jonathan was the president when Cameron said this

Anither563:
IPMAN is right. It makes no sense.

It will safe us from the dollar demand by over 35%

Shadomaan7:
The price is gradually coming down. We are getting there

Coming down to what? Are you stooopid?

ogolemati:
the spell tinubu cast on Nigerians will expire in 2031 till then stay alive

...occult strongman.

DeLaRue:
But that is the truth.

For about 3 years or so now, NNPCL was the sole importer because other companies that used to import a few years ago could no longer afford the financial cost.

So NNPCL would import and sell to independent marketers at around N560. NNPLC sold through its own filing stations at around N560 - N620 depending on how far a state is from Lagos.

However, by the time the petrol that independent marketers bought from NNPCL at below N560 reach independent retail outlets the price was around N760 - 790.

That's nearly N250 per litre more than the price NNPCL sold it to them.

Even NNPCL was confused. It couldn't understand the abracadabra of the independent marketers

If NNPCL say anything, this powerful group would threaten to stop lifting oil, which would make the situation worse and send prices even higher.

So NNPC cannot win with them.

Even with NNPC being the sole off taker from Dangote, these powerful independent marketers will still find a way to manipulate the process to their advantage.

That is why the only long term solution is for NNPC to continue to buy up more filling stations to increase the number of stations it has.

Or Dangote buys up in strategic locations.

I may not have known so much as the IPMAN guy, but I know he goofs, he just want to play on emotions. Aren't they the one that claimed landing cost is #1200, what are they saying now.

Zionmdde:
If you think the total cost of imported fuel was less than 1500, then you are mistaken

Nnpc was paying subsidy on a low key, that was the reason fuel price was what it was

The new price of dangote is the true price without subsidy

IPMAN is looking for attention

Which way Nigeria?
Kpokpokpo mbe.

Zionmdde:
If you think the total cost of imported fuel was less than 1500, then you are mistaken

Nnpc was paying subsidy on a low key, that was the reason fuel price was what it was

The new price of dangote is the true price without subsidy

Dont you think if its the true price without subsidy, NNPCL shouldn't be the sole off-taker of the product from Dangote refinery unless there's some hidden arrangement.

Anither563:
IPMAN is right. It makes no sense.

It makes no sense but it was this same association that are saying landing cost of petrol now 1500/ltr..
Now dangote is selling..they now know they can sell lower!!..rubbish

DeLaRue:
It makes over five trillion naira sense.

That's how much it cost every year for NNPC/Nigeria to subsidise in order to keep petrol price at around N600.

And it was borrowed money that future generations will have to pay back.

Remove all petrol subsidy and let us pay the market price.

Mr Jonathan or Mr Buhari removed kerosene subsidy. People wailed that heavens will fall. It has not fallen.

Either Mr Buhari or maybe it was Mr Jonathan removed diesel subsidy. Businesses wailed that heavens will fall. Heaven hasn't.

If petrol subsidy is removed, and the country stops the bone-headed, stupid borrowing to pay for subsidy, it will be to the long term benefit of Nigeria. And heavens will still not fall.

Infact, I suspect heavens will smile and say, finally, sense got to these ones.

so we can't have a working refinery we can call ours ?

Samunique:
The NNPCL is obviously the problem of this country. The early they removed that northern man ( Kyari ) the better for this country.

tinubu is the problem not nnpc,
how much was fuel before tinubu resumed work?
was nnpc not there and active at that time?
why was it sold at 200 per litre then,
tinubu is the real problem , he wants to milk Nigeria to death, the earlier we do away with him the better

But before now, same IPMAN made it clear that the landing cost of imported PMS is about 1200/1300. How is NNPC price higher?

drLammy:
Dont you think if it’s the true price without subsidy, NNPCL shouldn't be the sole off-taker of the product from Dangote refinery unless there's some hidden arrangement.

The arrangement is NNPC will provide the crude in naira and buy back the petrol gotten from the crude sold to them..
All other marketers buy from NNPC so to be sure that it is consumed in naira..
We can’t be giving dangote crude at a discounted price and he will now sell to neighboring countries and make huge profit..
If he wants to sell to neighboring he will by crude at the official price and in dollars!!

Zionmdde:
If you think the total cost of imported fuel was less than 1500, then you are mistaken

Nnpc was paying subsidy on a low key, that was the reason fuel price was what it was

The new price of dangote is the true price without subsidy

why can't nnpc refine?
Will they die if they refine.
Is nnpc a marketing firm?
Evil Nigeria

Yourprick:
https://www.channelstv.com/2024/09/16/it-doesnt-make-sense-for-nnpcl-to-sell-dangote-petrol-higher-than-imported-ones-ipman/

What's stopping IPMAN from importing and selling at a cheaper rate?

lexy2014:
Cos nnpc controls everything including importation

Not anymore. It has been deregulated.

lexy2014:
Pls define deregulation and tell me who, how and when it was deregulated.
If there is deregulation, how come nnpc is fixing price?
Is that your definition of deregulation?

The sector has been deregulated, unless you're not up to date.
That's why I'm asking IPMAN to import and sell at their own price. Nobody will stop them.

Zionmdde:
If you think the total cost of imported fuel was less than 1500, then you are mistaken

Nnpc was paying subsidy on a low key, that was the reason fuel price was what it was

The new price of dangote is the true price without subsidy

Real cost without shipping cost and other charges!!

Zionmdde:
If you think the total cost of imported fuel was less than 1500, then you are mistaken

Nnpc was paying subsidy on a low key, that was the reason fuel price was what it was

The new price of dangote is the true price without subsidy

That 1500 per litre, what percentage of it was covered by subsidy?

Ijaya123:
What's stopping IPMAN from importing and selling at a cheaper rate?

Cos nnpc controls everything including importation

Zionmdde:
If you think the total cost of imported fuel was less than 1500, then you are mistaken

Nnpc was paying subsidy on a low key, that was the reason fuel price was what it was

The new price of dangote is the true price without subsidy

You know more than IPMAN, close your mouth, this is highly disgusting

drLammy:
Dont you think if its the true price without subsidy, NNPCL shouldn't be the sole off-taker of the product from Dangote refinery unless there's some hidden arrangement.

Do you know what is crude/Petrol swap? During this kind of swap, some concessions can be made during that transaction. Can independent marketers offer that?

ceejay80s:
tinubu is the problem not nnpc,
how much was fuel before tinubu resumed work?
was nnpc not there and active at that time?
why was it sold at 200 per litre then,
tinubu is the real problem , he wants to milk Nigeria to death, the earlier we do away with him the better

Can you mention one country that sells petrol at the equivalent of N200 per liter?

ceejay80s:
can u mention one country that has crude oil that pays 70k minimum wage

You've not answered the question I asked you.

I guess IPMAN didn't know all these before. Better email them

Zionmdde:
If you think the total cost of imported fuel was less than 1500, then you are mistaken

Nnpc was paying subsidy on a low key, that was the reason fuel price was what it was

The new price of dangote is the true price without subsidy

Nnpcl is monopolising dangote fuel after selling crude oil to them in dollars very heartless people. They will soon destroy dangote refinery with the same corruption they used in destroying their refineries.

Iamanoited:
DANGOTE SHOULD FIX N450 PER LITER AS WHOLESALE PRICE AND N500 PER LITER AS RETAIL PRICE FOR PETROL.
A MARGIN OF N50 PER LITER IS ENOUGH DISCOUNT TO OPERATE WITHIN.

You can get that price if you can get the naira to appreciate.

lexy2014:
That 1500 per litre, what percentage of it was covered by subsidy?

Minus how much you bought it before

I know law of demand and supply doesn't apply to the system in Nigeria but if they start selling the crude oil in naira to the refineries then I know the price will fall gradually. From the statement from dangote refinery it said they sold it in dollars and by oct 1 they will get the crude oil sold in naira. I pray the price fall because fuel should not be even expensive from a refinery located in an oil producing nation.

Frezhkid10:
The arrangement is NNPC will provide the crude in naira and buy back the petrol gotten from the crude sold to them..
All other marketers buy from NNPC so to be sure that it is consumed in naira..
We can’t be giving dangote crude at a discounted price and he will now sell to neighboring countries and make huge profit..
If he wants to sell to neighboring he will by crude at the official price and in dollars!!

Did dangote collect crude from nnpc for free or he paid for it?

What is the relationship between marketers buying from nnpc and consuming in naira?

Who are the "we" you are referring to?

If you say dangote was given crude at discounted price, what is that discount?

Can you show us any indication of dangotes intention of selling to neighbouring countries?

Samunique:
The NNPCL is obviously the problem of this country. The early they removed that northern man ( Kyari ) the better for this country.

Mumu somebody u are wiser Dan his boss tinubu ...eku ishee senior special adviser (SSA),D earlier they remove APC and tinubu d better for dis country

Zionmdde:
Minus how much you bought it before

You have not answered my question.

That 1500 per litre, what percentage of it was covered by subsidy?