₦airaland Forum

Whois:
I brought this morning for 920 at MRS, didn't check the price till after the attendant sold full tank. I was like dem suppose don reduce price to 890 and the attendant said "na old stock dem dey sell". I just YIMU comot

I bought from MRS Yesterday at N890.

Bowwow11:
Is that a reduction? Bring the price down ward to at least 400 or 500 hundred naira only then will I commend the NNPCL.

You get motor?

escohido123:
I bought from MRS Yesterday at N890.

My point exactly, e no suppose pass 890

Seefinish:
Who can explain why Dangote"s fuel is cheaper than NNPCL

Dangote’s is the Ex-depot price (price at the refinery gantry where tankers load), while NNPC’s is the station pump price, which includes logistics, admin and overhead costs.

Tareq1105:
You get motor?

do you want to get one for me?

[b][/b]

Mabuggi88:
Imagine their price is still higher than a private individual price. Wickeds in power

The Nigerian National Petroleum Corporation (NNPC) has transitioned into a limited liability company, now known as NNPC Limited. This change, inaugurated by President Muhammadu Buhari on July 19, 2022, aims to make the company more commercially oriented, accountable, and transparent. Here are some key implications of this transformation¹ ² ³:
- *Operational Autonomy*: NNPC Limited will operate independently, making decisions without needing Federal Executive Council approval, allowing for faster decision-making and improved efficiency.
- *Regulatory Compliance*: The company will adhere to the Companies and Allied Matters Act provisions and the Petroleum Industry Act 2021, promoting transparency and accountability.
- *Potential Public Listing*: NNPC Limited may be listed on the stock exchange, allowing the public to purchase shares and raising equity capital for the business. Although an Initial Public Offering (IPO) was initially expected in mid-2023, the timeline remains uncertain.
- *Commercial Focus*: The company will prioritize profit, declare dividends to shareholders, and retain 20% of profits for business growth, marking a shift from its previous reliance on government funding.
- *Energy Security*: NNPC Limited will continue to ensure energy security in Nigeria, partnering with foreign oil companies to explore the country's fossil fuel resources.
- *Governance Structure*: Four committees have been established to oversee the company's functions, including planning, finance, sustainability, and audit.

The transformation is expected to attract investors, enhance corporate governance, and boost Nigeria's oil production levels. However, concerns remain regarding government influence, given the state's continued ownership and control. Despite this, NNPC Limited's new structure positions it alongside other successful state-owned petroleum corporations globally.⁴

fuckingAyaya:
Order sense from Temu I will pay.

Knock out!!!

But will this person check description sha to avoid from grass to pit situation.

Mabuggi88:
Imagine their price is still higher than a private individual price. Wickeds in power

You see the cabal them talk about

These guys never cease to amaze, what kind of rubbish is this ffs

Applaud yourselves na for this reduction.

Where can someone buy Dangote’s PMS to begin with?

Bowwow11:
Is that a reduction? Bring the price down ward to at least 400 or 500 hundred naira only then will I commend the NNPCL.

That ship has sailed! Be there doing wishful thinking

Insignificant reduction. You reduce by the tens and units and increase by the hundreds. It doesn't make sense.

Dangote!!!
Oya.. over to you. 😜

tollyboy5:
Government is selling higher than private. Orisirisi

nnpcl is also private

kpankpangolo:
Where can someone buy Dangote’s PMS to begin with?

MRS

Dangote is cheaper... Is he planning monopoly even against the government or the government is naturally wicked, heartless and greedy...? Why are the other refineries still delaying...?

SoftSport:
It's not a big drop but even 15 naira difference is good for our pockets, well done to Tinubu for making this happen.

Nepotism in the highest level

SoftSport:
It's not a big drop but even 15 naira difference is good for our pockets, well done to Tinubu for making this happen.

I cast and bind poverty mentality

Shame on them if they can't bring down pms to 200 Naira, big shame to all of them that are part of this administration

MRS selling 900 naira/litre

SMH

SoftSport:
It's not a big drop but even 15 naira difference is good for our pockets, well done to Tinubu for making this happen.

EYOUYO:
Shame on them if they can't bring down pms to 200 Naira, big shame to all of them that are part of this administration

It's not possible

1. The fall in oil prices means that funding this year budget is going to be hard. Even if tinubu wants to bring back subsidies, the money would likely have to be borrowed. No can do

2. Keep in mind that making one liter of fuel from crude costs 790 naira. Also in refining fuel there is a lot of waste produced. That is money lost. As a result every refinery producing fuel would have to make a profit to survive. Forcing them to sell fuel at 200 naira won't let them make that profit. They will go broke and the refineries would kpafukpa again. Dangote included

Bowwow11:
Is that a reduction? Bring the price down ward to at least 400 or 500 hundred naira only then will I commend the NNPCL.

With refining costs above 700 naira?

Would you sell at a loss of 200-300 naira per liter to help the poor?

Sadly people can't afford altruism

nairalandadeux:
With refining costs above 700 naira?

Would you sell at a loss of 200-300 naira per liter to help the poor?

Sadly people can't afford altruism

what nonsense policies were the government implementing all this years before the pump price skyrocket to what it is today our leaders are responsible to this mess we find ourselves let them fix it

Bowwow11:
what nonsense policies were the government implementing all this years before the pump price skyrocket to what it is today our leaders are responsible to this mess we find ourselves let them fix it

Government does do badly in the policy sector, so I don't disagree with you there, but at the end, you must sell petrol at a profit, and it is never cheap to refine crude into petrol