₦airaland Forum

Yes.

Smh

Ive been hearing 680, 700 and all.

I guess the market will determine the price and stabilize it.

All those marketers importing PMS will drink it

Add cost of logistics plus marketers markup and it won't be much different to what it retails for today.

we hope to see more reduction

At N700, Dangote is still making a loss.

Eteka1:
All those marketers importing PMS will drink it

But dangote is now in court to stop importation and if that is achieved he will increase the price again

I doubt this news, if he can sell that low why is he in the court trying to stop importation?

Biodun556:
But dangote is now in court to stop importation and if that is achieved he will increase the price again

I don't think PMS (petrol) is amongst the products

Awesome!!

This goes to tell us that somebody somewhere is not been sincere to Nigerians about the true price of PMS. Even at N700, the true price hasn't been revealed. We should think rightly and look inward, and stop talking about the importers. Some truth about PMS price in Nigeria is being hoarded.

Shouldn't be up to 800 in Lagos

gaby:
Add cost of logistics plus marketers markup and it won't be much different to what it retails for today.

Birdbyrde440:
Yes.

I this 700 is true he wants to crush those guys importing crude.. they will go bankrupt and then damgote will increase his price..he has the financial muscle to engage in a price way.

Biodun556:
But dangote is now in court to stop importation and if that is achieved he will increase the price again

He is not in court. The court issue has been clarified. Overtaken by events.

If this is true, petrol will be less than #850 in Lagos in few days

Fake news ,

Price of diesel, kerosene and petrol are in same range

He is not selling, he is supplying.

Dangote is the major supplier of the product in Nigeria

Solsix:
I doubt this news, if he can sell that low why is he in the court trying to stop importation?

That's old news. They've settled it

I said the other day. That Dangote will crash his price to put those importing out of business.

ebukal67x:
At N700, Dangote is still making a loss.

Depends on how much crude was sold to him.

Bobloco:

Wailer why u dey vex?

Per liter cost shouldn't exceed 750 with that Dangote selling price.

The profit is a lot already

gaby:
Add cost of logistics plus marketers markup and it won't be much different to what it retails for today.

ALTERNATEID:
Depends on how much crude was sold to him.

Several components come out of crude in a refinery. Petrol is just one. He's still gonna be in profit regardless.

Just be wasting you time waiting for dangote 700 fuel and you will old.

If the exchange rate doesn’t improve within a short time. I don’t see the price coming down.

Also the exchange rate can never improve because the government is enjoying it at the moments why the masses bear the pain. Because government now have more money to pay salaries because of the inflation. An improvement in exchange rate means less money for to pay for inflation

chrisxxx:
I said the other day. That Dangote will crash his price to put those importing out of business.

so it means petrol can be cheaper but he chose to wicked Nigerians to sell at 1k per litre before?

ebukal67x:
At N700, Dangote is still making a loss.

lol l.. You don't know the people you're dealing with

ceejay80s:
so it means petrol can be cheaper but he chose to wicked Nigerians to sell at 1k per litre before?

you'll be afraid of this country once you know what's going on and how these people think

I heard it is even below 700 for some places.

Dangote self no wan hear say e go sell below 600.

ceejay80s:
so it means petrol can be cheaper but he chose to wicked Nigerians to sell at 1k per litre before?

That is the truth.