As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing - Politics (2)

As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing (16261 Views)

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Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by Judolisco(m): 10:22am On Oct 12, 2024

In my opinion marketers are now on d losing end... All d petrol they bought cheap and held so that they can sell at a high price has gotten finished..... Now they have to buy at 900 per litre from Dangote and sell 1k...thats not d problem.... D problem now is.... People are not buying.... How many people can afford to buy 20 litres of fuel for 20? People are still buying d normal amount of fuel d buy before

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by jaxxy(m): 10:24am On Oct 12, 2024

Until dangote states his free market price all this are illegal or corrupt.

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by starz100: 10:31am On Oct 12, 2024

Government must do everything to stabilize the prices, after fixing price you come tell us it's market forces.Whete is labour,I thought they are fighting for the citizens

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by DEROX: 10:33am On Oct 12, 2024

helinues:
Thunder wey go fire the so called oll marketers hen

No APC is doing well we all can't just see I hope they increase the price to 3k per litre at least it will boost the economy grin

abeg helinues pray for Mr make my UK application ready before feb abeg, I will post it to you on here when I receive it

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by HugoBoss10(m): 10:35am On Oct 12, 2024

helinues:
Thunder wey go fire the so called oll marketers hen

No, thunder would rather fire you and your petroleum minister first.
You're such annoying and disgusting fellow undecided

1 Like

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by Honestey: 10:36am On Oct 12, 2024

Dangote played Nigerians and NMPCL very well and got what he wants. He wants to be the one selling directly to marketers and now different marketers will be selling at any rate they like and when people begin to shout Dangote is wicked he will come to Media again and say he isn't the one who hike the price but no one should accept that. Like NNPC, Dangote must establish filling stations across every state to show how much he actually sells his products or he will be seen as the one who is making government look bad.

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by descartes400: 10:40am On Oct 12, 2024

JASONjnr:
Regulating the price is mandatory for the marketers to follow..

But, will Dangote be sincere enough to not hike the price from his production to allow the marketers maintain a steady price?

And why can't we have different refineries in different regions to reduce the cost of fuel and the risk of transporting them.

I still can't understand why our Government cannot make at least 2 of it's own refinery to work? That's one of the ways to relegate Dangote's refinery to avoid PMS being monopolised by him.

Any Government that lack the political will to resolve our refineries quagmire is incompetent and fantastically corrupt.

I wish have a leader with the mind of the late Abacha.

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by 2special(m): 10:44am On Oct 12, 2024

Godjone:
Dangote is a fraudulent entrepreneur that derives joy in squeezing the day light out of the already impoverished Nigerians. Why can't he come out clean and tell us the real price of his fuel? How comes it is NNPC that is announcing price for a business that belongs to Dangote?

NNPC and Dangote God go punish una. Useless people

Dangote is also the one that doesn't want our refinery to function after 60 years

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by highchief1: 11:05am On Oct 12, 2024

elder1002:
IF DANGOTE WANTS TO HELP NIGERIAN. HE SHOULD JUST CLOSE EYES AND OPEN HIS MINI FILLING STATION DEPOT JUST AS NNPC HAS IN THE 36 STATES OF THE FEDERATION.

ATLEAST LET HIM MONOPOLIZE THE SECTOR IN GENERAL SINCE NIGERIAN GOVERNMENT AIN'T SERIOUS ABOUT STABILIZING AND REHABILITATING OUR REFINERY.

IT WIL EVEN BE LESS CHEAPER THAN MARKETERS BUYING DIRECTLY FROM HIM

Since government isn't subsidizing any fuel products.. and we know crude on its own is a global commodity. Traded internationally ( you can browse and check the current price of brent crude).

And its affected by supply and demand with OPEC as a final deciding committee of price of OIL.

WHATEVER PRICE WE SEE AS NIGERIANS WE SHOULD JUST ACCEPT COS AT THE END OF THE DAY OUR GOVERNMENT HAS FAILED TO SECURE A STABLE REFINERY FOR THE COUNTRY OUT OF THE 4 REFINERY'S WE HAVE AS A NATION.

THEY FAILED TO SELL TO PRIVATE INVESTORS AND FAILED TO REVIVE THE REFINERY AFTER ALL PROMISES AND MONEY SPENT..NOT EVEN WATER CAN BE PRODUCED FROM THE REFINERY.

AS WE KNOW OIL PRICES ARE AFFECTED BY MIDDLE EAST WAR ETC.

AND THE COST OF REFINING CRUDE COMES INTO PLAY.

See ehn this petroleum sector is one sensitive area I don't want to go deep into because for the matter of fact is since NNPC don't have a refinery and don't want to make sure our refineries are working at the end of the day they still have some shady deals with dangote.

As long as they supply crude to dangote and have some debts to pay. They will determine the price dangote sells to Marketers and collect profit backend.

It still sad that we as a nation have 4 refineries that aren't working.. like its quite painful.

Dangote as a business man will sell solemnly for profit at the current market price... We shouldn't expect him to subsidies fuel price because he has staffa to pay salaries and. Refinery to maintain.

The whole crude oil saga still boils down to corruption. If we had at least 2 of our Nigerian owned refinery working it would have been a different case and ball game intirely but now that its one private owned REFINERY with a small hand of government inside we shouldn't expect any reduction of fuel price.

As of NNPC i don't know why they want to be standing as the backbone of petroleum products in Nigeria.

An institution that doesn't have a working REFINERY to start with.. they are no different from a common marketer that has a filling station.

They should stop interfering with petroleum products in the country and stand as a middle man.

For over 30yrs as an institution they can't keep a record or save up to revive our refinery.

They are the biggest thieves of all government institutions

e get level wey person Dey reach e get business wey no Dey move am again it’s just like telling me to go and open pos business.dangote no fit build fuel stations

1 Like

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by wonder233: 11:08am On Oct 12, 2024

His paymasters at IMF and World Bank instructed him to do both simultaneously.

MakindeHassan:
I don’t understand why people are expecting a reduction in pump price. Naira is $/1700 so ideally PMS should be selling around 1,500/liter without subsidy.

If your Jagaban had removed subsidy first and waited before floating naira, the highest PMS would sell for when naira was $/500 would be around N400/liter.

Your first class accountant was in a hurry to prove himself and act tough without appointing economic advisers to guide his policy so he did both at once. Enjoy your N1k+/liter in peace.

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by Ijaya123: 11:12am On Oct 12, 2024

I suggest the government owned refineries should be put up for sales ASAP to private investors so we can eventually have some competition in the market.

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by Tareq1105: 11:18am On Oct 12, 2024

Marketers are exploiters and it's unfortunate that they succeeded against NNPC.

But now that they have pushed NNPC out, let's see if the pump price will change. Oil marketers just painted NNPC black in order to send it out of the way for their selfishness.

Time will surely tell.

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by Acidosis(m): 11:21am On Oct 12, 2024

Marketer or no marketer, petrol will never sell below N1000 again. Those arguing over a price difference of N50 rather than confront the man who took the price from 200 to about 1000 are extremely s t u p i d.

Nigerian APC journalists really need to stop this m a d n e s s. The real m a d n e s s is Tinubu's decision to remove subsidy at a time the Naira had zero value. That's the main problem. With exchange rate moving closely to 2000, no amount of "after-thought" N50 NNPC "subsidy" or yeye price regulation can reverse the trend.

What are these m a d individuals even regulating? Exchange rate and the fuel price have always moved in tandem. If Naira falls further to N10, 000 per dollar, Dangote will sell his fuel for 8000 per litre. The maths is simple.

2 Likes

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by stainzvill(m): 11:23am On Oct 12, 2024

Nothing will happen. Doesn't change shiiiit

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by sparko1(m): 11:30am On Oct 12, 2024

helinues:
Thunder wey go fire the so called oll marketers hen

I thought NNPC is the devil and the marketers are savior, trust business men at your peril.

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by Blackdisciple(m): 11:37am On Oct 12, 2024

Diolegend:
Down in price

It will not bro, we Nigerians like putting high price in goods and we are used to it already so I think nothing will go down but if it did go down then it's fine

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by nnewi1stchild: 11:38am On Oct 12, 2024

dre11:
Now That Petroleum Marketers Can Buy Directly From Refineries, What Will Happen to Pricing?

Nothing since T-pain is still the minister of petroleum.

https://fij.ng/article/now-that-petroleum-marketers-can-buy-directly-from-refineries-what-will-happen-to-pricing/

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by OMBIIGA: 11:39am On Oct 12, 2024

dre11:
Now That Petroleum Marketers Can Buy Directly From Refineries, What Will Happen to Pricing?

https://fij.ng/article/now-that-petroleum-marketers-can-buy-directly-from-refineries-what-will-happen-to-pricing/

Take this to the bank, the least price will certainly be gotten from NNPC retail, remain the demand for PMS is perfectly inelastic.
The role NNPC retail was playing hitherto was to guarantee energy security for the nation knowing fully that the demand for PMS is perfectly inelastic.

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by Oizee(f): 12:09pm On Oct 12, 2024

Diolegend:
I'm struggling to make ends meet, and my family is suffering. We're currently without food, and my children are at home due to unpaid school fees.
Any support would be greatly appreciated.
Your kindness would bring immense relief.
Pls assist me For God sake. Atimes I feel like its better for me to die than to see all these happening but God knows best.Please come to my rescue, nothing is small for me at this trying time. Thanks and Godbless

you just created this account today for the purpose of begging?, Enebeni I'm disappointed.
Use your real moniker and send dm, if you reside close to me, let's say 2 hours trip, I will send you food stuff but not money.

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by FireUpNow(m): 12:25pm On Oct 12, 2024

This is T-pain era, everyone must collect. I don't trust the pricing system of pms

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by tools5943: 1:18pm On Oct 12, 2024

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by MakindeHassan: 1:22pm On Oct 12, 2024

wonder233:
His paymasters at IMF and World Bank instructed him to do both simultaneously.

And he fell for it because he knows nothing about economics.

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Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by John4B: 1:33pm On Oct 12, 2024

helinues:
Thunder wey go fire the so called oll marketers hen

And the thunder will spare u and your slave master? Go@t!

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by helinues: 1:33pm On Oct 12, 2024

John4B:
And the thunder will spare u and your slave master? Go@t!

What's your bitterness about on this thread?

Are you one of the oil marketers?

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by IseyinIsese: 1:41pm On Oct 12, 2024

helinues:
What's your bitterness about on this thread?

Are you one of the oil marketers?

No job yet?

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by slimthugchimee2(m): 1:44pm On Oct 12, 2024

MadPolitician:
The government doesn't care.
The type of ultra capitalist ideology being practiced by this government in Nigeria, has not been practised anywhere else in the developing world. This evil idea that the government has no duty helping out with alleviating the sufferings of the people through essential subsidies, but rather should be too forward in taxing the poor to their graves, can only be defined as "economic terrorism ". This government is working for outsiders and not for Nigerians

Capitalist idealogies is nothing compared to capitalist idealogies in the west, especially america

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by helinues: 1:45pm On Oct 12, 2024

IseyinIsese:
No job yet?

Are you talking about all your elder brothers?

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by IseyinIsese: 1:47pm On Oct 12, 2024

helinues:
Are you talking about all your elder brothers?

Oga get a job and be useful in life. See as everyone is cursing you up and down. Pity your aged parents.

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by Chetas81(m): 3:19pm On Oct 12, 2024

JASONjnr:
Regulating the price is mandatory for the marketers to follow..

But, will Dangote be sincere enough to not hike the price from his production to allow the marketers maintain a steady price?

And why can't we have different refineries in different regions to reduce the cost of fuel and the risk of transporting them.

then Nigeria citizens will do those things arab love to do by shot the refinery down

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by cardoctor(m): 4:52pm On Oct 12, 2024

One big man will buy up the entire stock and fix his own price. And there will be NOTHING you can do about it. That's the plan.

Re: As Petroleum Marketers Buy Directly From Refineries, What Will Happen To Pricing by finallybusy: 5:13pm On Oct 12, 2024

Obasanjo’s administration was heaped stories regarding megawatts. B.A.T’s administration is heaped stories regarding petroleum distribution. History doesn’t change. It repeats itself.

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