₦airaland Forum

ogashman:
Great. This is how it is supposed to be. Competition like this will further bring down the pump price of PMS and in effect transportation costs.

Infact, I just saw a picture now where a fueling station is offering 1pack of spag to customers who buy 30litres and above.

Osanoghodua1:
I want Dangote to purge them all by selling for #400 let's see.

bizbro:
Slash to #500 por favor!

Manculated:
Are you minding them.

Fuel that is supposed to be sold between N400 and N500 at Max, No matter the situation of the Country and Opec.

They are just ripping off the masses.

dederocs:
Lower prices is good for Nigerians. Am sure Dangote will bring his price down too. Marketers, Dangote don't be greedy, you now but crude in naira. Your profit margins are too high.

KennethOkonkwo:
If not for Tinubu that allow free market.

If FG has subscribed to banning of importation as wished by dangle.Dangote will sell at 2k and you will not have any option

AK481:
insignificant quantity from FG and thats why dangote is buying crude abroad .

SoftSport:
Fuel price fight is getting serious, NNPC and others are selling cheaper than Dangote; big praise to Tinubu government for helping make fuel market more open and fair.

seunowa:
Omo ...there must be an action for reaction to take place. What dictate the reactions of the marketers and dangote are majorly market realities.

daveP:
Nigerians need more mendem that will spark price wars across every sector of trade and commerce in Nigeria. Many cabals have turned to Dracarys Dragons due to no competition. We need it back to such levels so the power returns to the people.

SoftSport:
Fuel price fight is getting serious, NNPC and others are selling cheaper than Dangote; big praise to Tinubu government for helping make fuel market more open and fair.

richmond500:
they have slashed out almost 700 naira in just 6months, it's a good development

SmartyPants:
Competition (excess supply) is also a market reality obviously.

Gboss247:
Free market with secret subsidy on imported petrol, continue to whine yourself!

Putindbutt:
https://www.legit.ng/business-economy/money/1658224-depot-owners-slash-fuel-cost-dangote-rate-nnpc-announces-pump-price/

MEGA4BILLION:
Dangote is giving them a sleepless night.
Let the slash continue until iI falls below N500.

seunowa:
What will you call it if it is not obvious market reality in Nigeria oil and gas sector? Government policy such as PIA instigates competition, efficiency and transparency have helped to enhanced the functionality of the market forces.

richmond500:
USA and SA also have crude but they are selling above 500 naira

SoftSport:
Fuel price fight is getting serious, NNPC and others are selling cheaper than Dangote; big praise to Tinubu government for helping make fuel market more open and fair.

SmartyPants:
Yes... But then that makes it clear that it takes two to tango. Dangote and the marketers could easily also just collude and have a nice time together at our expense. Is the market not big enough?

Dotherightthing:
If Tinubu did not remove subsidy, will this ever happen?

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

seunowa:
Do you know the number of participants in oil industry? Importations by marketers will continue until other refiners are able to come on board. Why is dangote shouting up and down about the marketers if it possible to collude with them? When other refiners come onboard, then, competition becomes stiffer. And competition is good for Nigerians

pasol4real:
Dangote already built a refinery before tinubu came to power
Is it tinubu that made dangote build a refinery? Or would dangote no longer sell his products irrespective of wether tinubu won or not?
This is simply what happens when there is no monopoly, and that is an age long, common economic factor....

seunowa:
Do you call this insignificant?

Gboss247:
The price war in Shakespeare when secret subsidy on imported petrol provided by crude collateralized dollar loans is at work.