₦airaland Forum

FreeStuffsNG:
Subsidy is gone and gone for ever. Worse case scenario, they will rather load from Dangote Refinery if the price favours them if you understand this report

Subsidy is gone, you claim, yet NNPC is buying fuel from Dangote at a SUBSIDIZED price. Are you people certain of these claims you make? Everyone knows the price ought to be determined by international price but somehow Dangote agreed to have NNPCL decide what price to pay for the product. Where does that work?

We still haven't heard the details of the Naira-for-crude deal either. We were made to believe, by Dangote, that the reason he would not buy crude directly from IOCs was because the crude was sold to him by them for a profit. Meaning Dangote, by this deal he made with the FG, sought some sort of subsidized pricing for his purchase of crude oil. Let's please consult reality in our claims abeg!

Kobojunkie:
Subsidy is gone, you claim, yet NNPC is buying fuel from Dangote at a possibly SUBSIDIZED price. Are you people certain of these claims you make?

We still haven't heard the details of the Naira-for-crude deal either. We were made to believe, by Dangote, that the reason he would not buy crude directly from IOCs was because the crude was sold to him by them for a profit. Meaning Dangote, by this deal he made with the FG, sought some sort of subsidized pricing for his purchase of crude oil.

Do you have a contrary fact?

Anything to eat subsidy PBAT should not pay any subsidy and let those who want to buy from Dangote should do so with no restrictions. The FG should leave the corridor of the downstream petroleum just like OBJ did to Telecoms in the early 2000

Ttalk:
It is a crime for Dangote to hide the price of his products.

You didn't hide price of aviationfuel and your diesel but decided to hide price of petrol that affect the masses.

If price of currencies are quoted per second, price of stocks are known, price of essential commodities like wheat, sugar are publicly quoted, it is a grave crime for Dangote to hide his price. As a matter of fact his price should reflect the fluctuation of the crude oil in international market

On this note, the President and the Minister of state for petroleum and NNPCL owe Nigerian explanation on the opaque manner the oil sector is being managed after deregulation.

This is a call to all well meaning Nigerians, the social media activist and human right activist to step in and demand transparency.


This is one major assignment expected from the labour leaders and leaders of protesters to championed.

Femi Falana, Sowore, Deji Adeyanyu, NBA, Aisha Yesufu, VDM Ajero and political oppositions, Peter Obi and his Obidients family to speak

Failure of which you will all be seen as selfish, let Nigerians compel Dangote to daily publish the price of petrol in the media. We don't want Monopoly of petroleum products, it is economic and security crime to perpetuate that

Why are you calling Peter Obi?? I don't understand

Golan007:
You believe the importers?

If Dangote starts empowering younger people with filling stations which he supplies directly, you would see how they would be panicking.

Can he do that??

Ttalk:
My problem with you is the figure you attach to your assumption without one single fact.

Business decision are not done like that. Margin of 0.001 is very important to do a guess work like you normally throw up here.

It doesn't cost Dangote anything to tell Nigerians the price of his product. That's how it's done world over

Basically, there are news reports that state that dangote fuel is higher than imported fuel cost wise by 77 naira.

Landong cost of fuel is 950 naira as at 3weeks ago.

Meanwhile the deal dangote has with NNPC says he should sell fuel to them at 898 per liter.

At the end, ipman would be disadvantaged if they buy from dangote directly or NNPC. They would end up selling fuel at higher prices than NNPC to survive

This oil industry guys have a game plan

Solsix:
Can he do that??

Not an easy ask, but it's a probable solution.

If ever he did, I'm sure the country would call him a monopolist.

odejimioflagos:
IPMAN should allow Dangote to operate freely.

If he is selling at higher price, let the market determine if he will sell or not.

whenever I see your moniker I don't bother reading your useless and senseless posts.
I just skip over to the next person's comment

Ttalk:
It is a crime for Dangote to hide the price of his products.

You didn't hide price of aviationfuel and your diesel but decided to hide price of petrol that affect the masses.

If price of currencies are quoted per second, price of stocks are known, price of essential commodities like wheat, sugar are publicly quoted, it is a grave crime for Dangote to hide his price. As a matter of fact his price should reflect the fluctuation of the crude oil in international market

On this note, the President and the Minister of state for petroleum and NNPCL owe Nigerian explanation on the opaque manner the oil sector is being managed after deregulation.

This is a call to all well meaning Nigerians, the social media activist and human right activist to step in and demand transparency.


This is one major assignment expected from the labour leaders and leaders of protesters to championed.

Femi Falana, Sowore, Deji Adeyanyu, NBA, Aisha Yesufu, VDM Ajero and political oppositions, Peter Obi and his Obidients family to speak

Failure of which you will all be seen as selfish, let Nigerians compel Dangote to daily publish the price of petrol in the media. We don't want Monopoly of petroleum products, it is economic and security crime to perpetuate that

It was reported that Nigerians were importing refined oil products from Malta. This surprised me as I doubted Malta even has a refinery.

Upon investigation, I discovered that the refined products being sold in Malta was product bought illegally from Russia.

Russia can not sell its crude oil above $60 per barrel. Vs the present of $71.83 on the spot market . That simply means any refined oil from Russia would be cheaper than elsewhere.

It would ve very hard competing against it.

At this juncture, perhaps a 3% import duty should be placed on imported refined oil.

The amount may be enough to provide a level playing field and also sufficient to prevent Dangote from becoming a monopolist.

OkCornel:
The dribbling continues.

Formerly it's maradona but now days the dribble has move to new kings


Mesicheat

dre11:
Price of Dangote’s fuel higher than other sources, we have to pity Nigerians – IPMAN




https://dailypost.ng/2024/11/01/price-of-dangotes-fuel-higher-than-other-sources-we-have-to-pity-nigerians-ipman/

I think I like this IPMAN . Dangote has started with his monopolistic moves again . How can other places outside Nigeria be cheaper than with Dangote ? Just how ? IPMAN should not bend !

Any Nigerian that does not know that The latest increases in price of PMS is directly related to the launch of Dangote refinery needs glasses

Kobojunkie:
Dangote would be the one to release the price of his goods to all individual members of IPMAN, is what IPMAN is saying there.
The price one day may not be the same the next day so Dangote, not IPMAN, would need to release the price to his buyers.

If they say their price it will force dangote to reveal his
Chicken or the egg. They are all opaque together
Just like normal Nigerians refuse to put price sticker on anything so they can manipulate profits
We are not a transparent ppl

Golan007:
Not an easy ask, but it's a probable solution.

If ever he did, I'm sure the country would call him a monopolist.

Won't it be better he does that and be called a monopolist, that this drama we are watching since? That's is the best solution but he can't do it. It's not that profitable

Ttalk:
They can't because the price is volatile.

They should say the one they have so we will know how volatile it is.
So you want dangote to commit himself to volatile price?
Do we not see volatile stocks and crypto prices on per minute basis
Heck even garri prices we know as they change

After all these while they have not arrived at a solution

Golan007:
Let them continue to import, in that case.

But there shall be no subsidy.

Watch how they would ask for subsidies which is the main racket they've been running.

Is obvious Dangote is not sincere, is not hard for Dangote to tell us how much his selling to dem...... Rather he wants then to stop 🛑 import...... That man na fraud

MIKOLOWISKA:
If they say their price it will force dangote to reveal his
Chicken or the egg. They are all opaque together
Just like normal Nigerians refuse to put price sticker on anything so they can manipulate profits
We are not a transparent ppl

Very good point!

Kobojunkie:
Very good point!

We go de alright
We never suffer reach
When we suffer properly we will do the needful

Solsix:
Won't it be better he does that and be called a monopolist, that this drama we are watching since? That's is the best solution but he can't do it. It's not that profitable

It's a difficult one, but it might just be his only option.

maxzzo1:
Is obvious Dangote is not sincere, is not hard for Dangote to tell us how much his selling to dem...... Rather he wants then to stop 🛑 import...... That man na fraud

He never asked anyone to stop importing.

If you believe you can import and sell for less, be our guest.

All Nigerians would love you.

MIKOLOWISKA:
We go de alright. We never suffer reach When we suffer properly we will do the needful

I am actually doubting if that is even possible... Nigerians reaching a point where they can declare they have suffered enough.

Don't trust Dangote from the beginning

criuze:
Bunch of kparawos

How can the fuel you produce at your street end be more costlier than the one bought from a thousand miles of ocean, despite the fact that it may be sourced from brasil or Indonesia the difference must be there

Make una pity Nigeria people

I don’t understand especially since it will be quoted in Naira for him to buy. Our oil is also not oil sands which is harder to extract. No way us exporting and importing our oil is cheaper unless we export 100% but only get 75% back of oil offsetting cost of refinery abroad and transportation .

Golan007:
Let them continue to import, in that case.

But there shall be no subsidy.

Watch how they would ask for subsidies which is the main racket they've been running.

What have removing subsidy done to the common Nigerian? We haven't seen improved medical facilities, cheaper and better education, better road networks, better and cheaper means of transportation, stable electricity, zero water supply you can name them. All we've got is high cost of living and hellish food prices

Golan007:
He never asked anyone to stop importing.

If you believe you can import and sell for less, by our guest.

All Nigerians would love you.

The main reason for his refinery was that we no longer have to import fuel . He built the refinery so that he could get the raw materials from us and sell to use offsetting transportation cost and delays since it’s refined locally.

Who is telling the truth, is it Dangote or the independent marketers. Dangote said his PMS is better and cheaper than imported one, but the marketers are saying the opposite. Nigerians need to know the truth?.

Criminals

dododawa1:
IPMAN

NNPC

DANGOTE

TINUBU

FEDERAL GOVT

MARKETER


Are all ---------------------------------------

Criminals

The reason that crowned Bubu as a failure....He understood his job but failed.
Don't let Dangote win....he will not do better if he was made President.
BAT..... remember your Y people, and bring that good government that will make the likes of D ever regret tying the people to his brand.
I noticed one thing about D that i don't like....He hates importation.
Why....?
ask cement

rickleye:
The main reason for his refinery was that we no longer have to import fuel . He built the refinery so that he could get the raw materials from us and sell to use offsetting transportation cost and delays since it’s refined locally.

We should blame him.

Teymanhenry:
What have removing subsidy done to the common Nigerian? We haven't seen improved medical facilities, cheaper and better education, better road networks, better and cheaper means of transportation, stable electricity, zero water supply you can name them. All we've got is high cost of living and hellish food prices

Yes, it happens overnight.

Teymanhenry:
What have removing subsidy done to the common Nigerian? We haven't seen improved medical facilities, cheaper and better education, better road networks, better and cheaper means of transportation, stable electricity, zero water supply you can name them. All we've got is high cost of living and hellish food prices

If subsidy had not been removed, by now salaries and other money stuff won't have been paid for months, and fuel would be sold on the black market for over 2000 naira, and we would be running out of money.