₦airaland Forum

It's well with Nigeria

Let the NNPC oil cartel be broken

FG is at fault for allowing NNPC to become too powerful.

It should have been broken into smaller Companies decades ago

As soon as it started dictating to FG

Go and read what Theodore Roosevelt did to the big US Cooperations that thought they were more powerful than US Govt

He dealt with them!!!

Ofunaofu:
FG have the power to permit Oil Marketers to bypass NNPCL but don't have power to fix pump price of petrol

Thunder 🔥 Tinubu

We re being taken for a ride as a nation.

skywalker240:
How could the citizens be this foolish not to know that this is what MUST definitely happen?

They kept cheering Dangote like he is a savior

You should know that an average Nigerian always think and do things with emotions...

Ofunaofu:
FG have the power to permit Oil Marketers to bypass NNPCL but don't have power to fix pump price of petrol

Thunder 🔥 Tinubu

Why should FG fix pump price?

Ofunaofu:
FG have the power to permit Oil Marketers to bypass NNPCL but don't have power to fix pump price of petrol

Thunder 🔥 Tinubu

People think say tinubu no sabi play Mario game. Baba na agba baller for deception.

NinjaMetahuman:
that literally means it has been fully deregulated.

Marketers can directly buy any retailers of their choice be it dangote or imported instead of nnpc that is owned by government that is telling them the price they have to sell to consumers.

pls look at the question I asked again. did you see how I wrote the word "permitting"?

first of all, dangote is private. if the government is "permitting", is that still deregulation?

zionstaar75:
did you go to school?get a dictionary and check the meaning of deregulation. Nairaland is now full of blockheads

getting emotional does not answer simple questions.

pls lets try again...

if FG is "permitting" marketers to lift from dangote, how then is that deregulation?

Talk2kenneth:
It's well with Nigeria

I say amen

OMBIIGA:
The deregulation will engeader the principle of open access without discriminating business practices, in line with the willing sellers and willing buyers methodology.

I didnt ask what deregulation will do or not do.

I asked if FG is "permitting" marketers to lift from dangote, how then is that deregulation?

id4sho:
You and questions, seems your brain is defective

since your brain is not defective, I am surprised you could not answer the question.

if FG is "permitting" marketers to lift from dangote, how then is that deregulation?

Jamodeen95:
This is commendable.

Aswear u don't understand the whole article.

That article u read is more complex than the theory of relativity

The more you look, the less u see.

professorPABX:
It is either you don't understand economics or you just want to start unnecessary blind argument as usual.

can you show me the argument you are referring to?

I asked a question. when did a question become the same thing as argument?

since you understand economics, then my question should not be a challenge for as it seems that it is.

if FG is "permitting" marketers to lift from dangote, how then is that deregulation?

Confused people

sofeo:
Great move.

A bot. . As usual.

Christistruth00:
Let the NNPC oil cartel be broken

FG is at fault for allowing NNPC to become too powerful.

It should have been broken into smaller Companies decades ago

As soon as it started dictating to FG

Go and read what Theodore Roosevelt did to the big US Cooperations that thought they were more powerful than US Govt

He dealt with them!!!

Stop getting yourself deceived. . NNPCL, Dangote, Oil marketers are all the same.

seanfer:
You should know that an average Nigerian always think and do things with emotions...

Very much true

Basicend:
Stop getting yourself deceived. . NNPCL, Dangote, Oil marketers are all the same.

You are wise

lexy2014:
since your brain is not defective, I am surprised you could not answer the question.

if FG is "permitting" marketers to lift from dangote, how then is that deregulation?

“Marketers are encouraged to initiate direct purchases from refineries on mutually negotiated commercial terms, which will promote competition and improve market efficiency,”

After you've increased the price of petrol. Wasted effort

Ofunaofu:
FG have the power to permit Oil Marketers to bypass NNPCL but don't have power to fix pump price of petrol

Thunder 🔥 Tinubu

Nigeria's PMS is one of the cheapest in the world. The problem is with Nigeria's purchasing power, inflation and value of the Naira.

Gasoline prices, liter, 07-Oct-2024
Gasoline prices, Octane-95, 07-Oct-2024: The average price of gasoline around the world is 1.27 U.S. Dollar per liter.

However, there is substantial difference in these prices among countries. As a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices.

One notable exception is the U.S. which is an economically advanced country but has low gas prices.


The differences in prices across countries are due to the various taxes and subsidies for gasoline.

All countries have access to the same petroleum prices of international markets but then decide to impose different taxes. As a result, the retail price of gasoline is different. Read our fuel price primer to understand fuel price differences across countries and over time.

Ofunaofu:
FG have the power to permit Oil Marketers to bypass NNPCL but don't have power to fix pump price of petrol

Thunder 🔥 Tinubu

You make too many unintelligent comments on Nairaland. All you need is a little bit of education.
When a market or sector is Deregulated, it means, there's absence of government control or interference. Therefore, the market forces dictate the ruling price in the market.
The price of fuel will continue to rise or fluctuate for now until other refineries become operational or marketers import from other countries to boost supply, which eventually breaks Dangote's monopoly.

lexy2014:
if FG is "permitting" marketers to lift from dangote, how then is that deregulation?

It is called the more you look the less you see

Emeskhalifa:
What's even the use of NNPC at the first place?

no refining nothing..they are doing the job of marketing with government funds

I don't know what it kyari mele still doing in NNPC?

The use of NNPC is useless.

crestedaguiyi:
so what is the use of NNPC

Peppysco:
You make too many unintelligent comments on Nairaland. All you need is a little bit of education.
When a market or sector is Deregulated, it means, there's absence of government control or interference. Therefore, the market forces dictate the ruling price in the market.
The price of fuel will continue to rise or fluctuate for now until other refineries become operational or marketers import from other countries to boost supply, which eventually breaks Dangote's monopoly.

You claim to be intelligent but didn't address why government is now permitting marketers to lift petrol from dangote refinery in a deregulated sector

lexy2014:
pls look at the question I asked again. did you see how I wrote the word "permitting"?

first of all, dangote is private. if the government is "permitting", is that still deregulation?

🤦‍♂️

Emeskhalifa:
What's even the use of NNPC at the first place?

that's where the Cabals are. They want to continue the importation of fuel

What will happen to the price of pms? Dangote is a businessman that will want to cashout fast for his investment. Sometimes when Dangote come out to cry foul after being outplayed by FG, I just laugh because the poor masses will sympathize with him but at the end, it's the masses that suffers. NNPCL whatever they call themselves cannot fix the Warri, PH and Kaduna refineries to start refining pms but they can fix pump price for Dangote Refinery? Bunch of mofos

ednut1:
I remember when dangote was crying . Now he has gotten his way baba no send us again 😂

The GUY don Quiet....
We nor hear him voice Again....