₦airaland Forum

zero8zero:
I knew the news was a fake too. The President specifically inaugurated a Presidential committee to work out the framework for the naira for crude swap. So anybody saying NNPCL is no longer supplying local refiners is only high on Abakaliki weed.

Lmao 🤣🤣🤣
Aii get weed?

olatade:
There is something I strongly believe in, which is that Nigeria will be great again. Whether we like it or not.

Iff mnk is released

zero8zero:
Bitter people, you can relocate to South Sudan

Of course I will, it doesn't change the fate of your country.... Your country is doomed a long time ago.....

Dangote intends to drive NNPC out of the retail market. He will now buy up the retail outlets and then start selling at whatever price he feels like. Watch out

One thing I know of is that “Tinubu removed the subsidy because he knew we now have a giant world class local refinery that could compete with the NNPCL”.

That alone will counter the NNPCL and allow the market force to determine the predominant market price for fuel.

The man with vision.

Gullible follower will rejoice,

Dead brain fellow

The tactics was to increase from N200 to N1000

Then when they reduce it to N800 the final zone everyone will clap for them 😂


Now, the mumu people are dancing to the tactics

olatade:
There is something I strongly believe in, which is that Nigeria will be great again. Whether we like it or not.

Strong ko, cement ni.

When Jonathan was there and things were better than now, you guys didn't strongly believe. But when it's Tinubu's turn with enough hardship to give you an automatic migraine, you guys suddenly become so optimistic. 😆 🤣 😂

I am all for local production of petrol, a supporter of the Dangote and other local refineries and I would even support a ban on importation of refined petroleum products. I don’t see why we are spending scarce forex to import PMS when we have active refineries. However it is my opinion that we should not get carried away with the reduction in petrol prices as I believe he is playing a game to wipe out his competitors before raising prices.


My reasoning is based on the fact that diesel prices from Dangote compared to PMS are priced at amuch higher premium than what obtains internationally. Which leads me to believe that Dangote’s current PMS pricing is artificial and being “subsidized” by retaining diesel at a higher price than it should.

It doesn’t happen anywhere in the world where the price differential between petrol and diesel is 15-20%. That suggests artificial pricing.

Below are the prices for petrol and diesel in Ghana and the uk. You can see the disparity is only about 1-5%


if the ex depot price for PMS is N815, then Diesel should be no more than N870-N900 max IMHO as opposed to the current price of N1020. By keeping the price of diesel at N1020, it suggests to me he has N120 above average profit on diesel to wage a PMS price war.

this is not good for NNPC. i suspect it will die away like Nigeria airways

PressMyButton:
Jagaban, the game changer. When the Fake news came out last week that NNPCL has halted supply of crude oil to local refineries, wailers ran with it, even when NUPRC came out to deny the fake news and set the record straight, saying a new contract is ongoing after the expiration of the present one, wailers were still on their keyboards arguing blindly and celebrating the fake news. Being a bitter person is a wreck to the soul.
Jagaban is the best t have happened to Nigeria, the decision to remove the subsidy fraud was the best ever. We now witnessing price war and we see more investors applying for license to build more refineries.
We saw Niger Republic junta came to beg Tinubu to help supply them fuel to cushion the biting fuel shortages in his country. If it were in the past, several fuel tankers would have been diverted to Niger Republic while Nigeria pay for the subsidy of the fuel being diverted and the average Nigerian would be left queuing at filling stations to buy scarce fuel.

NNPC go be like Nigeria airways, but e be like state capture by cabals. I dont believe dangote is the only owner of this refinery

Meteng:
Dangote intends to drive NNPC out of the retail market. He will now buy up the retail outlets and then start selling at whatever price he feels like. Watch out

So can we rightly put to rest the saying “prices don’t go down in Nigeria”?

Can we now clap? I think until it reaches the prices where the current administration met at 190...then we can clap! and at the same time,let them account for the subsidy removal !

PressMyButton:
Jagaban, the game changer. When the Fake news came out last week that NNPCL has halted supply of crude oil to local refineries, wailers ran with it, even when NUPRC came out to deny the fake news and set the record straight, saying a new contract is ongoing after the expiration of the present one, wailers were still on their keyboards arguing blindly and celebrating the fake news. Being a bitter person is a wreck to the soul.
Jagaban is the best t have happened to Nigeria, the decision to remove the subsidy fraud was the best ever. We now witnessing price war and we see more investors applying for license to build more refineries.
We saw Niger Republic junta came to beg Tinubu to help supply them fuel to cushion the biting fuel shortages in his country. If it were in the past, several fuel tankers would have been diverted to Niger Republic while Nigeria pay for the subsidy of the fuel being diverted and the average Nigerian would be left queuing at filling stations to buy scarce fuel.

Game changer indeed. Just tell him to stop bringing petrol into the country by force from the Malta blending facility and he should also stop harassing dangote who is out to rescue us from their slavery pls. It wasn't fake news that he wanted to stop NNPCL from supplying dangote crude. Danger was already planning to import crude from Yankee which according to him, is seamless and without hassle, before NNPCL made a you-turn.

zero8zero:
I knew the news was a fake too. The President specifically inaugurated a Presidential committee to work out the framework for the naira for crude swap. So anybody saying NNPCL is no longer supplying local refiners is only high on Abakaliki weed.

Or ONDO weed

LoneSoldier:
Keep dreaming...

You are what you think.

For Naija today some dey make am some dey read comments

Eriokanmi:
Game changer indeed. Just tell him to stop bringing petrol into the country by force from the Malta blending facility and he should also stop harassing dangote who is out to rescue us from their slavery pls. It wasn't fake news that he wanted to stop NNPCL from supplying dangote crude. Danger was already planning to import crude from Yankee which according to him, is seamless and without hassle, before NNPCL made a you-turn.

God will bless you.

See Nigerians support for their oppressors sometimes makes them either forget recent news or fail to read between the lines or both and this is rather sad. In case some people don’t understand the politics that’s going on here, let me break it down.

NNPCL unprovoked, announced that they would be halting supply of crude for Naira to Dangote recently and this was because of the obvious cold-war between the two entities who are fighting for dominance of the market. Because Dangote has reduced price multiple times to the dismay of NNPCL, that news broke out that they’d stop the deal.

As NNPCL received backlash and Dangote announced that there’s no big deal and that they would import the crude from three different countries (Algeria and two other countries), NNPCL is now saving face by saying that they only meant that the current contract ends March 31st and then news came out today that they supplied crude to Dangote. Obviously they don’t want to look like the bad guy and because they know that their initial plan didn’t work, they are now saving face.

You know what’s very interesting about this whole saga? It is that the best person to deal with NNPCL mafia is the shrewd and decisive business man that Dangote is. Let the war continue until NNPCL fulfill their refining capacity.

Global crude oil prices have plummeted

👍

which day abeg.. where your link

Ynix:
he has already

zero8zero:
Loading price, Illiterate try dey read.

The headline say pump prize

Meteng:
Dangote intends to drive NNPC out of the retail market. He will now buy up the retail outlets and then start selling at whatever price he feels like. Watch out

In business, it is healthy.

Buyiny the market share of the competitor is a healthy way to maximize profit

Biodun556:
Good

Tinubu should not stop importation fuel pls

He should lift ban on importation of rice and other food items. Our local farmers are wicked

you are good man

No impact, 8 still fey there
When i start seeing 2 and 3
Then I'd be happier
Bur for now. Bleep figure 8
Figure 8.
Figure 9
God help us say e no rise enter 1k
It should be reading 250 per liter

Your NNPC go soon reduce their rubbish fuel to 500 to counter dangote lol. Confused lots

But I bought it at N770 per litre today at Abeokuta

Stupppid report
How did pump price fall to 815per liter?

Femidfo:
Can we now clap? I think until it reaches the prices where the current administration met at 190...then we can clap! and at the same time,let them account for the subsidy removal !

190?
Where?

Wisewriter:
I am still not impressed. We were told #200 per litre before.....

We have the oil, we have the refinery why removing #1 #1 when we can actually peg the pump price at N200 as earlier promised.

Removing all this #1 #5. #10 is not impactful to the lives of Nigerians.

Where is your personal refinery located? Let me come and buy at #10 per liter please I'm begging you.

The better deal APC promised Nigerians in 2015 is the main focus.