₦airaland Forum

9jatriot:
When Jagaban tell una say subsidy is gone say na market forces go determine, short sighted people de argue upandan. When NNPC and Dangotte were having their quarell, Tinubu was looking at them, today, their rofo rofo fight is reducing the price of PMS every Monday.

BAT too wish abeg.

Baba you R not hungry. Am sure you are a politician

This is a dangerous game form dangote, government need to checkmate him and support other organisations against is game plan. His strategy is to price other players out of market being short, medium or longer time once it's remain only him in market, he we now do as he wishes.

hafeeanubasy:
They are pressing each other neck.



No reasonable Nigerian should support any of those two predators

True that

Steal from us for 6 months, then remove 65naira.

just2endowed:
i said it that NNPC is the number one enemy of nigerians.

why cant they be the first to adjust price when they knew the cost of production have reduced,

Dangote is the market leader. He has the scale and size to determine the market price. NNPC said their stations in Lagos in particular also buy from Dangote.

Dangote now decides the market

Let the competition begin
Until it get back to #65 then it'll be commendable

Dreal1247:
If they can sell it so low why was the price not reduced before now. Gradually, the truth will soon be out for public knowledge. It will not be too long before it is unveiled.

Crude oil prices are low and naira is appreciating. That’s why.

i know at some point they will sell at 500 it might take awhile but they will on the long run

PriceActionZ:
na dem go tire. Dangote is going to 600 soon.

This is good for the masses

If you're not rooting for this epic price war, do you even love Nigeria? Dangote and NNPC are like two rivals in a WWE match, and honestly, we're all winning. Let them keep 'pressing each other's necks...our wallets are cheering!

Dreal1247:
If they can sell it so low why was the price not reduced before now. Gradually, the truth will soon be out for public knowledge. It will not be too long before it is unveiled.

Because they were importing it, they pay to buy it and pay to ship it then on arrival they pay demurrage most times.

Now they are not paying for those extra expenses

Nadingo:
Dangote dey really press their necks

You will see ....Dangote might reduce his price to 500 naira ......na that we go know whether NNPCL will also reduce their price ....

Eyyaaa I even dey pity NNPC, most of their petrol stations in Abuja beside MRS petrol stations are dry, na dem come even dey beg people make dem come buy, while MRS of Dangote just dey getad que all the time.

Life na turn by turn sha..

9jatriot:
When Jagaban tell una say subsidy is gone say na market forces go determine, short sighted people de argue upandan. When NNPC and Dangotte were having their quarell, Tinubu was looking at them, today, their rofo rofo fight is reducing the price of PMS every Monday.

BAT too wish abeg.

One asslicker spotted

GeneralDae:
Dangote is the market leader. He has the scale and size to determine the market price. NNPC said their stations in Lagos in particular also buy from Dangote.

NNPC that import millions that can serve them 3 month straight without importing,

and the id*0t NNPC took loan from Afrixm to in dollars that will enable them to finance their balance of trade in oil.

NNPC will soon become NITEL

LegendHero:
This price war between them only shows that they have been overcharging Nigerians.

They should bring the fuel price further down.

I now see the sense in leaving the market open. If not for the competition, none of them would have reduce prices as they are doing.

But NNPC no get enough capacity to compete with Dangote for now. Make them no go break knee.

Stop talking like a confused bot. Crude price fluctuations, scalle of economy too. They affect prices of final products

olarent:
This is a dangerous game form dangote, government need to checkmate him and support other organisations against is game plan. His strategy is to price other players out of market being short, medium or longer time once it's remain only him in market, he we now do as he wishes.

And what's stopping others from building their own refineries or import it and sell at a lower price .....
Dangote is a businessman. And he is doing whatever to stay afloat .....others too should do theirs.......and stop all these monopoly this and that....

PUNANI01:
Steal from us for 6 months, then remove 65naira.

stole from you how?

Ojuntana:
Lol
NNPChit
I pity them sha
They are practically gasping for breath due to the antics of the Kano shylock
Their relevance is severely threatened
The most amusing part is that after all these years and their grand claims of refineries working, they still can't compete with a less than 2 year old Dangote!!

BTW how com they are using same off takers as Dangote

I wonder o 🤔

For someone who is supposed to be into DS, a field for logical thinkers, I am disappointed

kunleiky:
One asslicker spotted

Go and mark my word, all these prices will go back to N980 after ramadan. They have said it for helping the Muslim faithful in this period.

Sleekfingers:
You will see ....Dangote might reduce his price to 500 naira ......na that we go know whether NNPCL will also reduce their price ....

We pray so

just2endowed:
i said it that NNPC is the number one enemy of nigerians.

why cant they be the first to adjust price when they knew the cost of production have reduced,

Is APC not the number one enemy of Nigerians, with their propaganda lies for getting access to our treasury for looting

What is the global price of crude oil?

Do you know by how much we Nigerians are subsidising the massive corruption in the oil sector with this N860 petrol price?

Petrol should never cost more than N70 per litre, says APC

January 19, 2015 8:12 pm

The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.

On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.

But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.

It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.

https://www.thecable.ng/petrol-never-cost-n70-per-litre-says-apc/

Nice.. competition is sweet..Dangote should just crash the price to N100

olarent:
This is a dangerous game form dangote, government need to checkmate him and support other organisations against is game plan.

His strategy is to price other players out of market being short, medium or longer time once it's remain only him in market, he we now do as he wishes.

Is this what happened when Glo started the price war in the telecom sector after PDP’s deregulation

Let the fuel go down to 500 or nothing

Wicked people everywhere,
toiling with people's lives.

It will all end one day, soon, there will be a global liberation of mankind.

dipoley2k:
Nice.. competition is sweet..Dangote should just crash the price to N100

Don’t worry. Fọkàn balẹ.

Dangote will crash it to N40 that APC promised in 2015, when they were serenading us for the opportunity to show us their change, which we now understand is nothing but shege.

Deltafirstson:
Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.

In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.

However, pump price of fuel hit N537 per litre days after Tinubu ended subsidy.

On Tuesday, the price climbed further to N617, a development that the Nigerian National Petroleum Corporation Limited (NNPCL) attributed to “market forces”.

Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.

Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.

At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.

However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.

King Wasiu Ayinde Marshall, a Fuji musician who performed at the rally, interrupted the president’s speech with chants as the crowd cheered.

On the campaign podium with the president were Vice-President Kashim Shettima; Pa Bisi Akande, interim National Chairman of the APC; Femi Gbajabiamila, Chief of Staff to the President; Senator Gbenga Daniel; among other bigwigs of the ruling party.

Tinubu went further to say Nigerians would defy the acute fuel scarcity at the time and trek to cast their votes.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200/N500 per litre. Go and relax, we will crash the prices,” he had said.

https://dailytrust.com/breaking-video-of-tinubu-campaigning-to-crash-fuel-

he had said in the 7th minute of the video.

https://www.youtube.com/watch?v=4JH8CC_JdUA

9jatriot:
For someone who is supposed to be into DS, a field for logical thinkers, I am disappointed

Be disappointed in your very own sycophancy.
Nigeria politics has mature beyond praising the president for every little policy. One that don't have an impact on the common citizens. Every available data points to that.
Don't be an asslicker bro.
Love and light

I wish more refineries would come onboard. The president should license more capable companies interested in building refinery. If more refineries could come onboard, fuel price would crash to not more than 500/litre