₦airaland Forum

Sir Aliko, Let’s show them who we’re.

#500 here we come.

These people are just dragging one another left, right, centre. No peace for the wicked. You people have defrauded us for too long.

Ajatuka ni t'agbarin

Oya edi mu won

That is good..see what competition in the petroleum sector can do..it can bring down the price of fuel and other petroleum products ..that is why competition is good

competition is good for any market

Ariyayoazeezjnr:
Sir Aliko, Let’s show them who we’re.

#500 here we come.

Better gaslighting

ufotunang:
That is good..see what competition in the petroleum sector can do..it can bring down the price of fuel and other petroleum products ..that is why competition is good

Imagine Obasanjo removed subsidy in 1999. Fuel for not reach 100 naira in Nigeria

kokoA:
Dangote oya reduce your own to 600 Naira.

Lols make e sell at loss?

EponObi:
Abeg shut up. It's not by force to comment.

What is happening is result of supply and demand and the effect of the free market in the downstream sector. No business man will do business at a loss. The price reduction will keep happening so far global crude oil price keep crashing and these importers and Dangote still have room to wiggle with respect to profit.

Elemi lo ma last. Meaning "only the strong will survive".

When Tinubu said something to that effect last year during his media chat, he knew what he was saying. But as always, majority failed to pay attention (like they always do) to concentrate on irrelevant stuff.

Why no take your own advice..Ewu Gambia ..You think if they both fail there won't be repercussions to the Nigeria economy.

FalseProphet1:
I see fuel dropping to N200 per liter before June this year.

This I have seen.

Never this prophecy is dead on arrival

chicfarmer:
Good. I like this. E remain gas.
Long May this price war continue！

That gas own Na better pressure. Competition no dey there

badoh:
Even if the price drops to N700/Ltr, these transporters will still not drop their fare. If government deh do us, we citizens deh do ourselves too. An Average Nigerian is corrupt and always looking for opportunity fleece his fellow citizen.

Agbero factor, Very expensive spare parts and maintenance would never make them reduce it.

dre11:
https://www.google.com/amp/s/punchng.com/marketers-project-n800-litre-as-imported-petrols-cost-drops/%3famp

I hope this is not a set up to calm the criticism that follows the cancellation of Naira for crude deal with Dangote?

Babangidapikin:
Better don't reduce your fuel below what would give you profit, all this imported fuel could be stolen crude refined or cheaply blended ... What is important is for the regulator to stop this importations before it creepies Nigeria Economy ..

You are wrong here. Monopoly is the worst thing in economy. Let Dangote face competition at list for the first time and know how it feels. I can assure you, but not this competition from NNPCL, Dangote fuel would go for over 2k per liter. If you doubt me. Checkout Cement price.....

Dangote... ₦780 is OK.
They want to make you look greedy.
You can make them look jobless and unwanted too.

In President Tinubu's drawl, e lo fo kan bale, a ma gbe wa le

Babangidapikin:
Why no take your own advice..Ewu Gambia ..You think if they both fail there won't be repercussions to the Nigeria economy.

This is the confirmation I need that you are indeed a dolt.

Again, "no business man will do business at a loss"

Dangote didn't come this far with his refinery project to fail. What will happen is that Dangote and the importers will wrestle price until a point where further reduction will incur them terrible loss. That's when they will stop and Nigerians will enjoy the best possible price on PMS. I suspect Dangote will survive but some of the importers will chased out of business.

Darwin's law of evolution is at work baby. Sit back and watch.

ClearFlair:
Why is petrol still being imported when Nigeria has crude oil and refineries

It's a free market. Everyone is free to source from wherever. Thus creates room for fair competition that leads to fair pricing.

donsufia:
You are wrong here. Monopoly is the worst thing in economy. Let Dangote face competition at list for the first time and know how it feels. I can assure you, but not this competition from NNPCL, Dangote fuel would go for over 2k per liter. If you doubt me. Checkout Cement price.....

Cement price is going up because Government is over taxing the sector and the currency is not stable to plan long term. Dangote and NNPCL competition is good, provided they don't fail as a company because most of their exposures is going to affect the Nigeria economy adversely if they both fail.

Good one

Ringstonermasks:
how much did Tinubu meet it.


D game was to make prices go up and reverse it to gain cheap praises from party loyalists.

That is not the game cos all independent marketers are not party loyalists to align with this agenda

Tinubu is a scammer, what happened to crude oil swap for PMS?

ClearFlair:
Why is petrol still being imported when Nigeria has crude oil and refineries

Even USA is importing

EponObi:
This is the confirmation I need that you are indeed a dolt.

Again, "no business man will do business at a loss"

Dangote didn't come this far with his refinery project to fail. What will happen is that Dangote and the importers will wrestle price until a point where further reduction will incur them terrible loss. That's when they will stop and Nigerians will enjoy the best possible price on PMS. I suspect Dangote will survive but some of the importers will chased out of business.

Darwin's law of evolution is at work baby. Sit back and watch.

If someone is bringing in stolen refine oil or oil from country that's ready to sabotage your industry, it doesn't matter how much you reduce your price, they will continue bringing in refine oil..the only way to protect your industry is for the regulator to put a stop to it. Don't think refinery in Europe and other countries would stop fighting. You calling me a dolt only shows how low you are up there.

Osanoghodua1:
Tinubu is a scammer, what happened to crude oil swap for PMS?

There was never something like crude to PMS swap

badoh:
Even if the price drops to N700/Ltr, these transporters will still not drop their fare. If government deh do us, we citizens deh do ourselves too. An Average Nigerian is corrupt and always looking for opportunity fleece his fellow citizen.

since its been dropping they have not removed #1 from transportation cost.

kokoA:
Dangote oya reduce your own to 600 Naira.

these marketers are whinny us, the moment the naira for crude stops, we will see shege

Babangidapikin:
Better don't reduce your fuel below what would give you profit, all this imported fuel could be stolen crude refined or cheaply blended ... What is important is for the regulator to stop this importations before it creepies Nigeria Economy ..

so if you dey do business, you go do the one wey you no go get profit?

alizma:
I hope this is not a set up to calm the criticism that follows the cancellation of Naira for crude deal with Dangote?

I said this already! Once the naira fur crude stops, we will see shege

So far, Tinubu seems to get this petroleum sector reform right

At least, we have moved from long queues to fuel attendants actually begging us to buy fuel from them

You should see the way they run to attend to me when I drive into AP Ardova station in my hood eh!

I notice a bit of relief in cooking gas sector also

My cooking gas supplier refilled 12.5 kg for me at the rate of 15k, from 18k

As a staunch opposition, I think kudos are in order in this instance

kokoA:
Dangote oya reduce your own to 600 Naira.

He will still make fantastic profit at N600.

Nigerian businesses always aim to make a 100% profit. Some even 200%. In Western, developed countries, a 10% profit will be celebrated.

Dangote should go for volume sales. Nigeria is huge. Ikorodu rd in Lagos alone has over 40 filling stations. Just one street. Filling stations are all over the country.

PMS will eventually sell between 400 and 500 naira.

FalseProphet1:
I see fuel dropping to N200 per liter before June this year.

This I have seen.

Iri Kuri le ri alagba..


I sell herbs sha

Let them quickly implement it to push Dangote into debt the way he did to them.