₦airaland Forum

EMILO2STAY:
why should it be paid foe in dollars if you sourced it locally.

Go and Google about oil and gas industry.
I don't have time to explain.

blueAgent:
Go and Google about oil and gas industry.
I don't have time to explain.

why should I do that when I have a brain to think. Why should fuel be expensive in a country that has it in excess!. If these people where to sell the air you breath they would make it expensive and give you all manner of excuses why it is so

MEEVEET:
Kpo fire people steal crude

Their cost of crude is zero

Venezuela and Libya are small population with big crude oil production

Nigeria crude oil per capita crude oil production / population is similar to that of Ghana

Like I said ignorance is bliss

correction kpo fire people do not steal crude. They get it from the pipeline which is laid in the ground already over 50 years ago. Same way the I.O.Cs get it from the ground at zero cost. Or you want to tell me they pay God?

Population it not a bases for why the fuel should be exorbitant . As a matter of fact, more profit would be made in Nigeria due to population than it would be made in Venezuela and libya so it should even be more cheaper in Nigeria

blueAgent:
What is sourced locally?

The compressors, turbines,pipes, chemicals, drill pipes, drill muds, drilling services, well completions and servicing e.t.c are all imported materials or services offered mostly by foreign companies and they charge in $$$$.

The oil and gas industry globally is a dollar dominated industry.

how come all these you mentioned do not affect libya , Venezuela, Brazil. Or you want to tell me they don't use all these? These things are excuses. The only reason why petrol price is exorbitant is because of the dangote refinery. But people like you like slavery while thinking your intelligent and smart. Sorry for most of you Nigerians

EMILO2STAY:
correction kpo fire people do not steal crude. They get it from the pipeline which is laid in the ground already over 50 years ago. Same way the I.O.Cs get it from the ground at zero cost. Or you want to tell me they pay God?

Population it not a bases for why the fuel should be exorbitant . As a matter of fact, more profit would be made in Nigeria due to population than it would be made in Venezuela and libya so it should even be more cheaper in Nigeria

Who laid the pipeline?
Who pump the crude?

You think it cost nothing to extract oil? Lmaooo when are we looking for investors na

So if you buy a land and build house after 50 years tenants don't have to pay you rent abi?

See reasoning

EMILO2STAY:
how come all these you mentioned do not affect libya , Venezuela, Brazil. Or you want to tell me they don't use all these? These things are excuses. The only reason why petrol price is exorbitant is because of the dangote refinery. But people like you like slavery while thinking your intelligent and smart. Sorry for most of you Nigerians

You really sound naive and ingnorant


Am never an APC or Tinubu supporter.

Am only been professional in my career.

All over the World oil and gas are costs and financed in $$$$.

Weather it is Brazil,Libya or Venezuela
Petrol prices are relatively cheaper in those countries apart from Venezuela becos of their currency having a stronger value against the dollar.

Weather dangote pays for crude oil in naria or dollars. we the consumers must pay its equivalent ,that would be economically feasible for the refinery to run properly.

The useless president, complicated the issue by devaluing the naria, hence the value of dollars appreciated against the naria leading to inflation.

Try to humble yourself and learn, stop rejoicing in ignorance.

EMILO2STAY:
why should I do that when I have a brain to think. Why should fuel be expensive in a country that has it in excess!. If these people where to sell the air you breath they would make it expensive and give you all manner of excuses why it is so

You would have aslo, requested for food to be given to you free, because God does not charge a dime for one to plant corn and harvest it?

blueAgent:
You would have aslo, requested for food to be given to you free, because God does not charge a dime for one to plant corn and harvest it?

my point is the I.O.Cs laid the pipes that suck this oil many years ago, so why keep increasing the price? Is God increasing the price of crude in the soil? If not for the same petrol price increase that affected food, you think there will be price increased for food items? If you plant pepper and sell for 50naira for ten pieces what will make you increase it to 1300 suddenly? If not greed and dirty politics.

blueAgent:
You really sound naive and ingnorant


Am never an APC or Tinubu supporter.

Am only been professional in my career.

All over the World oil and gas are costs and financed in $$$$.

Weather it is Brazil,Libya or Venezuela
Petrol prices are relatively cheaper in those countries apart from Venezuela becos of their currency having a stronger value against the dollar.

Weather dangote pays for crude oil in naria or dollars. we the consumers must pay its equivalent ,that would be economically feasible for the refinery to run properly.

The useless president, complicated the issue by devaluing the naria, hence the value of dollars appreciated against the naria leading to inflation.

Try to humble yourself and learn, stop rejoicing in ignorance.

see this man,... The dangote refinery that was financed by foreigners for their own good is what is causing this price increase. Inflation or not , there is no reason why fuel should sell for 1300 after dangote refinery starts refining crude in the country. Ask yourself why other refineries in the country has not been working for years and was neglected by the government only to favour a monopolist to build his own in a free trade zone close to a sea port. My point is that these dangote refinery is not for Nigerians but for a foreign entity who's goal is to continue to reap off Nigerians. The dangotes refinery is not dangotes at all he is just a front.


So all these bla bla you are talking while calling it sense it actually nonsense. If the three major refineries in Nigeria where working, dollar or no dollar fuel would never be 1300per liter.

MEEVEET:
Who laid the pipeline?
Who pump the crude?

You think it cost nothing to extract oil? Lmaooo when are we looking for investors na

So if you buy a land and build house after 50 years tenants don't have to pay you rent abi?

See reasoning

lol, so how much did they spend to extract the crude when tinubu said no more subsidy and nnpc increase fuel price lmao!!,...

In the history of fuel price increase when has the money spent on extracting crude from the ground been the reason for fuel price increase. Lol funny man, make una dey justify nonsense dey form say you get sense

EMILO2STAY:
lol, so how much did they spend to extract the crude when tinubu said no more subsidy and nnpc increase fuel price lmao!!,...

In the history of fuel price increase when has the money spent on extracting crude from the ground been the reason for fuel price increase. Lol funny man, make una dey justify nonsense dey form say you get sense

What the heck are you even talking about?

MEEVEET:
What the heck are you even talking about?

you speak as if the rise in fuel price is caused by what the OIC s spend in extracting the crude. I asked if that was the reason why nnpc increased the price of fuel when tinubu announced that fuel subsidy is gone? Is that also the reason why it suddenly went to to 670 , 750, 850 and now 1300

Some of you come online to speak like sound minds when ur far from sound and intelligent

EMILO2STAY:
you speak as if the rise in fuel price is caused by what the OIC s spend in extracting the crude. I asked if that was the reason why nnpc increased the price of fuel when tinubu announced that fuel subsidy is gone? Is that also the reason why it suddenly went to to 670 , 750, 850 and now 1300

Some of you come online to speak like sound minds when ur far from sound and intelligent

Where did I say that?.

I said kpo fire people steal their crude
Dangote buys at international price

EMILO2STAY:
see this man,... The dangote refinery that was financed by foreigners for their own good is what is causing this price increase. Inflation or not , there is no reason why fuel should sell for 1300 after dangote refinery starts refining crude in the country. Ask yourself why other refineries in the country has not been working for years and was neglected by the government only to favour a monopolist to build his own in a free trade zone close to a sea port. My point is that these dangote refinery is not for Nigerians but for a foreign entity who's goal is to continue to reap off Nigerians. The dangotes refinery is not dangotes at all he is just a front.


So all these bla bla you are talking while calling it sense it actually nonsense. If the three major refineries in Nigeria where working, dollar or no dollar fuel would never be 1300per liter.

You keep talking without Proof or evidence.

You fail to understand, what is cost and profit and how it impacts manufacturing or business.

EMILO2STAY:
my point is the I.O.Cs laid the pipes that suck this oil many years ago, so why keep increasing the price? Is God increasing the price of crude in the soil? If not for the same petrol price increase that affected food, you think there will be price increased for food items? If you plant pepper and sell for 50naira for ten pieces what will make you increase it to 1300 suddenly? If not greed and dirty politics.

Is pipe the only thing that is required to produce oil?
You have a lot to learn and you are not willingly to learn.

Go and Google about how oil and gas industry operates and effects of inflation.

blueAgent:
Is pipe the only thing that is required to produce oil?
You have a lot to learn and you are not willingly to learn.

Go and Google about how oil and gas industry operates and effects of inflation.

pls leave all these your saying. It's irrelevant. Fuel price sky rocketed from 550-1300 in less than 8 months and your saying I should Google to see reasons why it is so. Just listen to yourself. As if you don't know in your heart dangote refinery is the reason why

blueAgent:
You keep talking with Proof or evidence.

You fail to understand, what is cost and profit and how it impacts manufacturing or business.

like I said what your saying does not hold water at all. It is not even reasonable To say such when a child can perceive that politics is involved in price manipulation of petrol. Why is diesel price still Sam and even gas prices? But petrol has fine up far beyond both or are they not spending dollars too on mining those resources?

MEEVEET:
Where did I say that?.

I said kpo fire people steal their crude
Dangote buys at international price

buying at international price for oil that is In your backyard? You people fail to see that dangotes refinery is not dangotes but the foreigners who gave him money to build it own it. That is why many refineries overseas are shutting down like the one in Scotland. And there reason is because they can't stand competition with dangotes refineries. These people have been pouring out CO2 emissions for years in their country ,now due to emissions laws they have shifted there refinery to Nigeria and called it dangote refinery. That is why fuel prices are going up because actually it is not a domestic refinery but a foreign one meant to profit the foreigners who established it. Open your eyes . You argue what you don't know and think you are smart.

EMILO2STAY:
buying at international price for oil that is In your backyard? You people fail to see that dangotes refinery is not dangotes but the foreigners who gave him money to build it own it. That is why many refineries overseas are shutting down like the one in Scotland. And there reason is because they can't stand competition with dangotes refineries. These people have been pouring out CO2 emissions for years in their country ,now due to emissions laws they have shifted there refinery to Nigeria and called it dangote refinery. That is why fuel prices are going up because actually it is not a domestic refinery but a foreign one meant to profit the foreigners who established it. Open your eyes . You argue what you don't know and think you are smart.

Do you have have an idea how much it cost to make a well to be productive?

Some of you are just ignorant sha

People spend anywhere between 500 million dollars to 10 billion dollars per well

Produce, government still take 55% of profit
Then still tax their 45% profit

Then u think stealing from them is justified?

EMILO2STAY:
like I said what your saying does not hold water at all. It is not even reasonable To say such when a child can perceive that politics is involved in price manipulation of petrol. Why is diesel price still Sam and even gas prices? But petrol has fine up far beyond both or are they not spending dollars too on mining those resources?

So you don't know, that it is costs more to produce 1liter of pms than 1 liter of diesel?

Secondly the demand for PMS is higher than that of diesel.

EMILO2STAY:
pls leave all these your saying. It's irrelevant. Fuel price sky rocketed from 550-1300 in less than 8 months and your saying I should Google to see reasons why it is so. Just listen to yourself. As if you don't know in your heart dangote refinery is the reason why

You are confused.

Am not an advocate for Tinubu or dangote.

Am only a professional engineer, who is explaining to you why petrol can never be sold below 800 to 1000naria without subsidy.

The economics behind oil refinery business is what am interested in, not the politics.

The truth is, if you like have 400 oil refineries in Nigeria, along as they use crude oil as feedstock, weather it is sold in dollars or naria, prices of PMS would fellow prices of crude oil.

blueAgent:
You are confused.

Am not an advocate for Tinubu or dangote.

Am only a professional engineer, who is explaining to you why petrol can never be sold below 800 to 1000naria without subsidy.

The economics behind oil refinery business is what am interested in, not the politics.

The truth is, if you like have 400 oil refineries in Nigeria, along as they use crude oil as feedstock, weather it is sold in dollars or naria, prices of PMS would fellow prices of crude oil.

lol first of all there is no such thing as subsidy. Secondly when you u u announced that subsidy was gone. Nnpc stated selling for about 500 while others sold at 550. Now that subsidy is back price keeps climbing,.. why should the price of petrol keep rising even when subsidy is back do you people think at all.

blueAgent:
So you don't know, that it is costs more to produce 1liter of pms than 1 liter of diesel?

Secondly the demand for PMS is higher than that of diesel.

it cost more yet petrol was sold for less than 400 while diesel was sold for 800 before tinubu. You have nothing to say just keep quiet.

MEEVEET:
Do you have have an idea how much it cost to make a well to be productive?

Some of you are just ignorant sha

People spend anywhere between 500 million dollars to 10 billion dollars per well

Produce, government still take 55% of profit
Then still tax their 45% profit

Then u think stealing from them is justified?

bla bla bla,... Where do some of you even come from. So it was the money spent on oil well that made prices of petrol climb to 1300 in less than 8 months? Well done smart guy

EMILO2STAY:
bla bla bla,... Where do some of you even come from. So it was the money spent on oil well that made prices of petrol climb to 1300 in less than 8 months? Well done smart guy

Which school did you guys go to? Can't you guys read and comprehend?

MEEVEET:
Which school did you guys go to? Can't you guys read and comprehend?

l i use ur own words against you for you to see how pointless ur words are....now ur asking like u dont know what am talking about. i see you have nothing else to say

EMILO2STAY:
it cost more yet petrol was sold for less than 400 while diesel was sold for 800 before tinubu. You have nothing to say just keep quiet.

Zombie.
At your age, you don't know that subsidy on Diesel was removed years ago before that of petrol, hence the reason while petrol was sold lower than diesel.

EMILO2STAY:
lol first of all there is no such thing as subsidy. Secondly when you u u announced that subsidy was gone. Nnpc stated selling for about 500 while others sold at 550. Now that subsidy is back price keeps climbing,.. why should the price of petrol keep rising even when subsidy is back do you people think at all.

It's obvious you are very confused and Naive.

blueAgent:
It's obvious you are very confused and Naive.

I stated fact. Show me the confusion and naivety

blueAgent:
Zombie.
At your age, you don't know that subsidy on Diesel was removed years ago before that of petrol, hence the reason while petrol was sold lower than diesel.

na you be dead body. Subsidy was removed on diesel and the price has remained stable, how much was petrol when subsidy was taken out? How many times did petrol price increase? Or did they keep removing something that was already removed? Why has petrol price not come down since even the federal government has admitted that subsidy is back. Why is petrol price even higher now that subsidy is back and fuel price is still higher than diesel?

Now you see say nah you be zombie

EMILO2STAY:
na you be dead body. Subsidy was removed on diesel and the price has remained stable, how much was petrol when subsidy was taken out? How many times did petrol price increase? Or did they keep removing something that was already removed? Why has petrol price not come down since even the federal government has admitted that subsidy is back. Why is petrol price even higher now that subsidy is back and fuel price is still higher than diesel?

Now you see say nah you be zombie

You are trying so hard to look smart and intelligent.
But you are one hell of a dumb shit.

If you cannot show me practical example, how a refinery can produce petrol and sell it at 800naria and below and still be profitable than shutup.

Stop exhibiting your ignorance and naivety.

I challenge you to show me how a refinery can make profit selling at your desired price, give me a breakdown starting from crude oil costs, show me practical breakdown of products from the refinery and there average refining costs and quantity per barrel.

I need the answers for the question above.

EMILO2STAY:
I stated fact. Show me the confusion and naivety

Which facts.

Clown way dey form expatriate.

How many gallons of crude oil make one barrel?
How many gallons of PMS is gotten from one barrel of crude?
How much is the cost of one barrel of crude oil?
What is the cost of refining on barrel of crude oil?

I need the answers, Mr know all.

Zombie