₦airaland Forum

yyba:
If not for dangote, the marketers could have claims it's not possible to sell Petrol below #1000 . Thank you dangote

Melonsmasher:
I just dey wonder, they have been slashing since and it's still below 800

yyba:
If not for dangote, the marketers could have claims it's not possible to sell Petrol below #1000 . Thank you dangote

b0rn2fuck:
And price still never fall below #800..

yyba:
If not for dangote, the marketers could have claims it's not possible to sell Petrol below #1000 . Thank you dangote

SmartyPants:
What are you saying... How do you separate Dangote and the marketers from market forces? Are you sure you yourself understand what you wrote up there?

Fuckyoumod:
Nigerians are very gullible people.

You have the crude, you have the refineries why on earth should you buy fuel above 500 naira?

If not for corruption and docile Nigerians and their inability to hold political leaders to accountability.
See them, celebrating fuel above 800 naira.

Shame on all of you!

b0rn2fuck:
And price still never fall below #800..

Rilwayne001:
You said 500. That's less than $1.

Did you think about:
Cost of extracting crude
Cost of refining
Cost of transporting
Admin cost etc

Before you submitted your assumption ?

seunowa:
It has nothing to do with both dangote and the marketers but because of the regulatory framework of the government has introduced into the oil and sector to usher in free market system. Market forces are doing wonderful work here, putting everyone on their toes.

AK481:
Yet the government can't supply dangote crude .

seunowa:
Oil marketers and Dangote's pricing decisions are driven by market realities such as global crude oil prices,forex rates, supply and demand naira for crude-oil policy of the government as well as deregulation of the oil and gas sector. These are the market for forces that have helped to put the excesses of the market stakeholders( marketers and dangote) in check.
Deregulation of the oil sector ensure that pricing is no longer subject to government regulations but instead has helped to enhance market forces functionality through increasing competition, availability of the product, promoting efficiency and hence potentially reducing fuel prices.

seunowa:
What is the reason for Naira - crude oil policy by the government

AK481:
.

to save FX , and streghten the naira , make the fuel cheaper as the dollar component will have limited impact ..etc.

the government is repeatedly failing to do this , even the article says dangote is buying crude from america

yyba:
If not for dangote, the marketers could have claims it's not possible to sell Petrol below #1000 . Thank you dangote

seunowa:
It has nothing to do with both dangote and the marketers but because of the regulatory framework of the government has introduced into the oil and sector to usher in free market system. Market forces are doing wonderful work here, putting everyone on their toes.

Leonardo4:
Lol you people are something else. What was fuel price when he took over power?

Fuckyoumod:
Nigerians are very gullible people.

You have the crude, you have the refineries why on earth should you buy fuel above 500 naira?

If not for corruption and docile Nigerians and their inability to hold political leaders to accountability.
See them, celebrating fuel above 800 naira.

Shame on all of you!

seunowa:
Good and it means that government is supplying dangote with crude-oil.

SmartyPants:
Oil marketers and Dangote are not a factor in the supply and demand equation. Stop it.

soil4soil:
The price war has begun.
I thought that the independent marketers say price can not go below N1000