₦airaland Forum

nairalanda1:
Exactly as I suspected.

The imported fuel is cheaper than dangote fuel by a margin of 77 naira, according to one report I saw online.

If Ipman buys from dangote, they can't compete. They would have to sell higher than nnpc to do good business

Especially since NNPC wangled a cute deal from dangote to sell them fuel at 898 per liter. Meanwhile dangote is offering ipman 1000 or more.

And fuel imported was landed at 950 per liter as at October 1

nairalanda1:
Again fuel imported into Nigeria comes from two sources

1.substandard European refineries , mainly in the Netherlands and Belgium who refine poor quality cheap fuel and sell it to Nigeria and other African countries.

2. Malta where cheap sanctions busting Russian crude which costs less than 60 dollars a barrel is being refined into fuel

Landing cost of the imported fuel as at October 1 was 950. Dangote is offering ipman local fuel at 1028 max. Meanwhile NNPC is getting fuel from dangote at 898 per liter and it also plans to sell to ipman at 1000 or more.


Ipman decides it's time to keep on importong

AishaDant:
I am waiting to see how this turns out. 😕😒

ogascomax:
This is as a result of corruption and lack of leadership at the centre. TPain is not in control and he is not a leader.
I was fighting for Dangote before but I will never again. They are all selfish and after their pocket. NNPC, Dangote and the marketers are all playing us game.

nairalanda1:
They have done so very subtly.

Dangote is offering IPMAN fuel at 1015 -1028 naira per liter. Meanwhile he is selling the same fuel to NNPC at 898 per liter.

By the time it reaches the market, NNPC would be selling fuel cheaper than IPMAN Members. Already, more people are ready to queue at NNPC stations to buy fuel than buy at IPMAN or MOMAN stations.

The only way for IPMAN to stay competitive is to keep selling imported fuel , which landing cost is N950 as at October 1.

Nazgul:
If the anding cost of imported fuel is N978, why should Dangote be selling his which is produced here in Nigeria above 1k?

Is there something I'm missing here?

nairalanda1:
Exactly as I suspected.

The imported fuel is cheaper than dangote fuel by a margin of 77 naira, according to one report I saw online.

If Ipman buys from dangote, they can't compete. They would have to sell higher than nnpc to do good business

Especially since NNPC wangled a cute deal from dangote to sell them fuel at 898 per liter. Meanwhile dangote is offering ipman 1000 or more.

And fuel imported was landed at 950 per liter as at October 1

Pickmycall:
I have said it before that the reason Dangote said he would import crude oil from Brazil and USA is because he wanted to increase the price of his refined fuel.Nigeria export crude oil and import refine fuel and the price is still cheaper than Dangote who only import the crude oil.What is humane in this?

adenigga:
Source: https://punchng.com/Marketers-plan-to-sell-petrol-below-N1,028/litre-Dangote-price

clefstone:
As I learned on Laura Ingraham's "Ingraham Angle", He who controls the energy, has the power. The entire PMS brouhaha is centred on power tussle between the Dangote group and the Tinubu crime family

justtoodark:
look....its called business....when fg manage this things it doesnt end well anyways....
best end comsumers can do is keep on demandin cheaper fuel no matter where it comes from....

MrDoGood:
I've been saying it that dangote is not a good man.
Looking at what he did with cement, sugar, spaghetti, salt. I knew this fuel will not be different

samwheel:
At the end Dangote is just a crook that never changes his spot

I laughed when useless T-pain's zombies were hailing him like he's the Messiah.

The man should tell us his cost of production that he wants to sell over 1k, he gets his crude here and refines here, greedy thief

Fiscus105:
Possible reasons.

The crude oil prices are varies. Meanwhile Nigeria Brent crude oil is best and most expensive. Theirs, may be cheaper crude oil

2. The quality of refined product of Dangote may higher than imported, ....the higher the quality, the more money u spend to produce it(values added)

3. The environment that Dangote operates, is toxic and economically disadvantages to investors. In advanced nation, govt subsidised many things for producers, for their products not be too expensive, because, business man only interest, is to make profit, but here in Nigeria, govt withdraws every incentives that can make products cheaper.

nairalanda1:
Again fuel imported into Nigeria comes from two sources

1.substandard European refineries , mainly in the Netherlands and Belgium who refine poor quality cheap fuel and sell it to Nigeria and other African countries.

2. Malta where cheap sanctions busting Russian crude which costs less than 60 dollars a barrel is being refined into fuel

Landing cost of the imported fuel as at October 1 was 950. Dangote is offering ipman local fuel at 1028 max. Meanwhile NNPC is getting fuel from dangote at 898 per liter and it also plans to sell to ipman at 1000 or more.


Ipman decides it's time to keep on importong

almarthins:
Omo nothing wey dem wan talk wey I go believe about Nigeria. This is country is full of wicked people in high places. Must we sell fuel for our people at international price?

nairalanda1:
Again fuel imported into Nigeria comes from two sources

1.substandard European refineries , mainly in the Netherlands and Belgium who refine poor quality cheap fuel and sell it to Nigeria and other African countries.

2. Malta where cheap sanctions busting Russian crude which costs less than 60 dollars a barrel is being refined into fuel

Landing cost of the imported fuel as at October 1 was 950. Dangote is offering ipman local fuel at 1028 max. Meanwhile NNPC is getting fuel from dangote at 898 per liter and it also plans to sell to ipman at 1000 or more.


Ipman decides it's time to keep on importong

nairalanda1:
Well, if you were in his shoes would you sell fuel at 70 a liter because minimum wage is 70000?

CodeTemplarr:
In all their cries about Dangote not revealing his price, they never revealed theirs too. Isnt that wonderfully strange?

Akwamkpuruamu:
So it mwans that Dangote refinery isnt helping the price of fuel for the common man, despite all tge support it got from the citizens thru the FG Dollar subsidy.

MrDoGood:
Read your message and, then read my comment and compare

Read what the marketers are saying and check for yourself na. Landing cost is less than 1,000 naira. That includes transportation oooo.


Meaning it should be around 400-600 without transportation. Or less than that.

If you know what dangote did to Ibeto cement, you would understand that guy don't mean well for Nigerians. He's just being wicked

samwheel:
At the end Dangote is just a crook that never changes his spot

I laughed when useless T-pain's zombies were hailing him like he's the Messiah.

The man should tell us his cost of production that he wants to sell over 1k, he gets his crude here and refines here, greedy thief