₦airaland Forum

Islie:
Fuel Scarcity: Retailers ignoring over 500 million litres of fuel from our refinery – Dangote



https://dailypost.ng/2024/10/29/fuel-scarcity-retailers-ignoring-over-500-million-litres-of-fuel-from-our-refinery-dangote/

The independent marketers are business men. They are not averse to a profitable deal. If they were getting a better deal frm Dangote than they are importing PMS, i am sure they would jump at it. Why is Dangote so cagey about the cost of a liter of PMS from his refinery? Can he tell the public how much it costs so that we can now know if the marketers are deliberately trying to dupe Nigerians?

Besides, was it not this same Dangote that was mouthing off about how he will e port his fuel to foreign markets if he could not get any off takers locally?

Linkzlikz:
What has Tinubu got to do with this? He was the one that suggested the naira for crude purchase, so tell me... what would he stand to gain? He could as well look away and sell our crude to international buyers and earn some FX... The problem is the canals(multinationals) are fighting back cause they were kinda compelled to sell to dangote using the PIB... So these lot will sponsor those evil marketers to boycott dangote at all cost.. Dangote is stock in the middle cause he got the crude in naira and it's tied to a deal with the FG.... else ordinary Ghana go don come buy everything since yesterday! Pathetic... 🤦‍♂️

The president is the GCON and MPR, he can give orders and in less than 2 hours everybody will sit upright.
Did you hear Farouk, the CEO of NMDPRA making silly comments few weeks ago that the Refinery is not licensed to operate yet, that it's still under commissioning? And so importation must continue.

Forget all those drama about crude for naira arrangement. It's good but they could be using that to delay public understanding of the whole saga. Tinubu is a well-bred thief and crafty/ sneaky politician. There's no smoke without fire. Dangote Refinery is currently smoking!!

prophetfire:
Tell your overly greedy Dangote to say how much he's selling to marketers that's making them to prefer to buy from outside.
If they see that buying from outside with the attendant foreign exchange hassle is still cheaper than Dangote price then it's their decision to make.
Why is Dangote keeping his price secret?

It takes only one call from the presidency to dangote to dispose the product to international market and trust me there will be enough in profit to go round! Fuel is sold in Ghana today at N1900 equivalent, so there's enough premium to go round even if it's sold to Ghana at 1500 per liter cause the actual truth is that the ex-refinery price is less than a 1000. But in oil and gas business there's always a forecast of what ifs... The terminology behind this deal is that, the crude is still sold in dollars but payable in naira by the refiners... so when the naira takes a dive in the FX exchange you should expect some increment in price of the product too... The multinationals are the main saboteurs cause they don't like the existence of dangote refinery to start with... the question is simple... where are these evil marketers going to source their FX from if not from the same multinationals just to keep dangote off business... it's really crazy and the presidency hands are tied cause you can't compel those evil marketers to buy from dangote... you'll be suprised the deduction they're requesting is more than 200 naira per liter, that you can tell when dangote opened the yansh of NNPC themselves that is ex-refinery price is less than 900 naira and NNPC added a premium of almost 140 per liter... this matter long but na God go save us... 🤦‍♂️

mactoni91:
Why can't FG just buy over this Refinery rather than just frustrating this man.

Buy over, then employ a private firm to help manage while you heavily regulate and monitor their operations.

Nigerians are calling for the sale of government owned refinery, you want them to buy another one🙄🙄

Who will buy at that price?

Heffalump:
The president is the GCON and MPR, he can give orders and in less than 2 hours everybody will sit upright.
Did you hear Farouk, the CEO of NMDPRA making silly comments few weeks ago that the Refinery is not licensed to operate yet, that it's still under commissioning? And so importation must continue.

Forget all those drama about crude for naira arrangement. It's good but they could be using that to delay public understanding of the whole saga. Tinubu is a well-bred thief and crafty/ sneaky politician. There's no smoke without fire. Dangote Refinery is currently smoking!!

Remove that your sentimental glasses and look at issues with your naked eyes! All this your biases is because of your party affiliation or favorite for presidency... Sacking Farouk doesn't even solve the problem cause even the president can't compel ordinary me to do business with dangote! Nigeria is an equity investor in dangote refinery... it only takes one call from the presidency to dangote to sell those half a billion stock at international rate and make better profit! So apply common knowledge not sentiments...🤓

70 years old business man...

9jatriot:
If a man less powerful as Dangote had entered this refinery business, he would have been burnt.

I now forgive all those who got licenses during Obasanjo and opted not to build any refineries and were enjoying free subsidy money jejely.

I knew there was a cabal in the oil and gas sector, but I did not know they will be so blazen in their approach.

Dangote, you will surely overcome, God is with you, the president is with you, the good people of Nigeria are also with you. All those forces wherever or whoever they may be will be eventually dismantled.

em sef no dey pure

Linkzlikz:
Remove that your sentimental glasses and look at issues with your naked eyes! All this your biases is because of your party affiliation or favorite for presidency... Sacking Farouk doesn't even solve the problem cause even the president can't compel ordinary me to do business with dangote! Nigeria is an equity investor in dangote refinery... it only takes one call from the presidency to dangote to sell those half a billion stock at international rate and make better profit! So apply common knowledge not sentiments...🤓

There's no sentimental innuendos here, my friend. I urge you to put on your glass prism to enable you see and understand the political power play. I don't know your age, but if you've been familiar with how dirty politics have been played in Nigeria, you won't have difficulty understanding. Save this conversation for future reference, ok.

Heffalump:
There's no sentimental innuendos here, my friend. I urge you to put on your glass prism to enable you see and understand the political power play. I don't know your age, but if you've been familiar with how dirty politics have been played in Nigeria, you won't have difficulty understanding. Save this conversation for future reference, ok.

Let me ask you... what do you think it's stopping dangote from selling the product in tank to international buyers? It's common knowledge that the business is tied to an agreement(naira for crude) by the FG so indirectly the FG has the first right of refusal in this case... Mind you, NNPCL is a private company now so exercising federal power isn't applicable here! The sacking of Farouk will need to go to vote of no confidence with the BOTs... I'm old enough to know all the tricks played in oil and gas cause that's my field! 😉

The only reasons why the marketers are not patronising Dangote is :
1. Pricing issues
2. Payment terms disagreements, or
3. Systemic distribution challenges in the fuel market- trucking the petrol instead of using pipelines has become a problem because of transportation costs

Dagote should open his filling station across Nigeria you will now notice the difference.

Lol.. Dangote us the only seller that will never say how much he is selling his product. You have price for cement, sugar, salt etc. what is your orice for the fuel

Fvck Dangote

MorataFC:
Mr. Man reduce the price to ₦700, and see how over 500 million litres of petrol mysteriously disappeared in less than 48 hours.

Dangote fuel is not suppose to be sold more than N200.
But would the greedy man sell? The answer is NO..!!

He is the main person behind the increased price of cement in this country.

Lol! The truth of the matter is that the demand for petrol has reduced drastically.

The rhetoric from his comment is that he would like to go into retail petrol business, to sell his products.

This Dangote can go ahead and drink his petrol who cares.

Wicked people everywhere...

Islie:
Fuel Scarcity: Retailers ignoring over 500 million litres of fuel from our refinery – Dangote



https://dailypost.ng/2024/10/29/fuel-scarcity-retailers-ignoring-over-500-million-litres-of-fuel-from-our-refinery-dangote/

ElSudani:
I agree, since there are willing buyers from overseas he should export everything and let the greedy importers source their own foreign exchange to import and sell at a loss without the corruption ridden goverment subsidy.
Some Nigerians are extremely unreasonable and greedy.

If the retailers want to import, they must meet Europe E10 or E5 standards. Nigeria must not accept low-grade imports

Biodun556:
But they said Tinubu increase fuel price instead of telling us that marketers boycott dangote fuel

Who are the they that said Tinubu increased the price of fuel?

nesphil:
This Dangote can go ahead and drink his petrol who cares.

Wicked people everywhere...

Just curious, how many people you dey see when you dey look 👀 yourself for mirror?

he should open filling station and be selling, they will burn themselves with their greed.

doggedfighter:
Dangote, when it favors you, you keep quiet.


When it doesn't you start singing.

How much is your fuel ?

That question has been too heavy for you.

That your fuel will choke you soon !

Jatijati somebody !!!

yyba:
Mr DANGOTE stop speaking long grammars , how much will you or are you selling your Petrol to marketers

Mr man are you a marketer? If you are, go and ask him and he will be glad to tell you.

How much is it going for first.....Why should I transport my tanker all the way to Ogun and pay so much when I can get the product cheaper in Warri or Port Harcourt?!

Dangote; rolling with the excuses.

mactoni91:
Why can't FG just buy over this Refinery rather than just frustrating this man.

Buy over, then employ a private firm to help manage while you heavily regulate and monitor their operations.

It will collapse under one month

9jatriot:
If a man less powerful as Dangote had entered this refinery business, he would have his fingers badly burnt.

I now forgive all those who got licenses during Obasanjo and opted not to build any refineries and were enjoying free subsidy money jejely.

I knew there was a cabal in the oil and gas sector, but I did not know they will be so blazen in their approach.

Dangote, you will surely overcome, God is with you, the president is with you, the good people of Nigeria are also with you. All those forces wherever or whoever they may be will be eventually dismantled.

Oga stop saying rubbish. How much is Dangote's price in the first place. Why are they hiding the true cost of his fuel. If truly it made sense no retailer would even reconsider importation, when government is no longer going to pay any subsidy or shortfall.

My questions goes thus;

What happened to our own refinaries?
Why are they not working?
Shouldn't Tinubu have put them in good working conditions before removing subsidy?
The dangote fuel in question, how much is it?

lol is this some sort of a joke? What scarcity are you referring to?? Alaye people aren’t buying fuel anymore. A lot of people have parked there cars. My friend who works in a filling station lost his job, because of low patronage of fuel. So their station had to reduce staff. People aren’t buying fuel like that anymore. Fuel stations are closing down smh

Believeintruth:
Oga stop saying rubbish. How much is Dangote's price in the first place. Why are they hiding the true cost of his fuel. If truly it made sense no retailer would even reconsider importation, when government is no longer going to pay any subsidy or shortfall.

Here is what happened, Tinubu and Kyari made a deal with Dangote. So they have a cut in the sale of the fuel. Dangote would sell at 400# for instance, buh Tinubu and Kyari insisted on getting a cut. Did you not see how fuel went from 690 to 860 and then 1080?? People need to understand this has nothing to do with inflation. If u study inflation, no country that has an economic meltdown did their fuel price go this high, not even Venezuela or Zimbabwe.

yyba:
Mr DANGOTE stop speaking long grammars , how much will you or are you selling your Petrol to marketers

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

yyba:
how much is dangote selling to marketers isn't that a simple question

🤣🤣🤣🤣🤣🤣🤣🤣🤣

mactoni91:
Why can't FG just buy over this Refinery rather than just frustrating this man.
Buy over, then employ a private firm to help manage while you heavily regulate and monitor their operations.

FG wey destroy the four refineries Nigeria get be the same FG you want make dem take over another refinery? Una dey OK at all? 🙄