₦airaland Forum

No they wonts , marketers are scared of going against the will of the NNPC

koladata:
2 refineries is still monopoly. What advantage does the three cement companies has over cement prices? Until we have 500 refineries don't expect any magic in price of fuel

even if we have one million refineries, crude oil price will still be major determinant of petrol prices

gabbasin:
even if we have one million refineries, crude oil price will still be major determinant of petrol prices

That is what many people don't understand. I don't even see the adjustment in rice by Dangote as a price war with anybody. Since crude prices have dropped by 4 dollars, it is only natural for the price of PMS to drop as well. Once crude prices and the exchange rate goes up, prices will be adjusted to suit the prevailing forces as well

omowolewa:
There is no price war

There's no price war. Besides NNPC retail stations will still be selling cheaper.

Adullam001:
Today we hear one news, tomorrow we hear another news, we have heard that Marketers are dumping NNPC because Dangote is cheap, tomorrow you will hear that they have dumped Dangote be imported fuel is cheaper. Who are we to believe. This country is so confused. May God help us oo.

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That is the beauty of competition.

The customer is king.

What we need now is proper regulation to ensure that what we pay for is actually what we get.

cenaman:
By the time BUA refinery comes into operation the price of PMS and other petroleum products will crash more..

U forgot bua cement came after dangote cement,
Did the price crash?

This only happened to sick people living in sick nation, your idea of democracy will finish all of you, i want trump to pursue all the black aliens living in america, back to Africa country,

Isokoboy:
There is no competition going on..I feel dangote is reducing price to so that those importing will be at a loss always ... It's a marketing strategy

That's still competition

Hmmm

My take is that I hope Dangote is not trying to force most marketers out of business and later increases the price as he likes. This was how he frustrated other cement manufacturer and marketers out of the cement business and now he's controlling the price of cement as he likes.

pinkyruledworld:
Competition is good for the end users

daydreaming continues!

“NNPCL was the one dictating price for all the majors at that time because of public outcry and they used to buy, till Dangote came in. They also wanted to do the same thing with Dangote to fix the price but the arrangement didn’t work because Dangote wanted to sell to everyone. Its price was better and independent marketers could buy directly.

not surprised as to to the identity of the actual monopolistic lot. They labelled Dangote but price war has a way of leveling the playing field.

koladata:
2 refineries is still monopoly. What advantage does the three cement companies has over cement prices? Until we have 500 refineries don't expect any magic in price of fuel

If you like have 1 billion oil refineries, the prices of petroleum products in Nigeria is determined by value naira which is also determined by the CBN and CBN is determined Aso Rock which in turn is determined by INEC.

Isokoboy:
There is no competition going on..I feel dangote is reducing price to so that those importing will be at a loss always ... It's a marketing strategy

Which loss, the same importing petrol between €1.7 to €2 from Belgium and demanding under-recovery cost from the federal government

We need more private refineries.

COMPAQ:
Newspapers just generate sensational headlines to sell papers and generate clicks for online advertisements.

There is no price war raging anywhere! So reducing price from N950 to N890 (N60), when crude prices had fallen back from $82 to $75 and Naira had appreciated from N1600 to N1480 is tantamount to price war abi?

The way we like to use 'crash' and 'price war' and all these big words for N50 decrease ehn!!!

You will see some headlines, 'naira tumbles in market'. Then you read the story and the naira just fell from 1590 to 1600!!!!

An average Nigerian operates by emotions which the political and media community utilizes effectively to maximize profits.

Kingray10:
Let the price war continue, that's the only way we will get a cheaper fuel

Keep deceiving yourself with price war

zikter:
That is what many people don't understand. I don't even see the adjustment in rice by Dangote as a price war with anybody. Since crude prices have dropped by 4 dollars, it is only natural for the price of PMS to drop as well. Once crude prices and the exchange rate goes up, prices will be adjusted to suit the prevailing forces as well

Logical reasoning is rocket science for an average Nigerian

Obaaderemi2:
That's still competition

When you wake from your dreams, oil prices reduced in the international market with FG defending naira leading to naira appreciation with petrol importers receiving secret subsidy heavily.

As long as the price is still higher than what most Nigerians can afford leading notable reduction in prices of essentials like food,

Then, this is bullshit!

QED

cenaman:
By the time BUA refinery comes into operation the price of PMS and other petroleum products will crash more..

so we heard before dangote started... Enupo

competition is what drives business, NNPCL has long enjoyed monopoly. more investors are needed in this industry pls

I thought NNPCL refineries are working

pinkyruledworld:
Competition is good for the end users

Monopoly you mean?


Don't ever trust Dangote

Price of fuel will come down to 500

Dangote is playing the saint card and people will be happy cos it looks like he reps their interests, which isn't a lie.


These greedy marketers had all decade long to play this Dangote role but they're so myopic and greedy that all they reason about is fat pockets.


Nobody loves a monopolist. But if one of them had done this years ago, dangote will have stiffer competition today. But he just arrived the scene and is King already.

Do i really blame him? A little

The clowns called marketers don't think beyond their noses really.

cenaman:
By the time BUA refinery comes into operation the price of PMS and other petroleum products will crash more..

The same way Bua cement crashed the price of cement? Be dreaming

koladata:
2 refineries is still monopoly. What advantage does the three cement companies has over cement prices? Until we have 500 refineries don't expect any magic in price of fuel

500 at once or bit-by-bit? Everything na slowly. Building refinery no be like fuel station o

COMPAQ:
Newspapers just generate sensational headlines to sell papers and generate clicks for online advertisements.

There is no price war raging anywhere! So reducing price from N950 to N890 (N60), when crude prices had fallen back from $82 to $75 and Naira had appreciated from N1600 to N1480 is tantamount to price war abi?

The way we like to use 'crash' and 'price war' and all these big words for N50 decrease ehn!!!

You will see some headlines, 'naira tumbles in market'. Then you read the story and the naira just fell from 1590 to 1600!!!!

50 naira times 75 litres =?? That's like saving 5 liters cost

Gboss247:
When you wake from your dreams, oil prices reduced in the international market with FG defending naira leading to naira appreciation with petrol importers receiving secret subsidy heavily.

This is not clear, Oga.

This is the kind of news I love to hear

Goodness.