₦airaland Forum

Kukutente23:
Dangote should quit wailing
He's getting subsidised crude yet he's pointing fingers at others getting fuel from Russia
What does he mean by subsidized Russian fuel
Is Russia paying subsidy now

Discounted not subsidized. Guy, school no be scam o. Legendhero i don tell you say make you no dey argue with this guy.

Tinubu should not ban any importation.

Never!!!!

Let it be open to everyone.

Cement- Dangote- Monopoly
Salt- Dangote
Sugar- Dangote

Now Oil- Dangote.

Then that's very wrong, and don't forget Dangote is a new player in the game, and the government has to be liberal not like before when what ever he says, the government does..

The oil cartel will not accept, they even prefer to sell at the least profit than Dangote take over oil refinery from them.

Babangidapikin:
Hope this marketers have stamina, because it won't make sense having small margin , if a little spike happens you just fall over ... Alhaji should maintain a reasonable price, an ant can go to sleep without affecting the grass but an elephant would make a big dent on the grass if it goes to sleep.

Did you not go through the article? It's cheaper importing into Nigeria especially when it's imported from a country like Russia.

donleo92:
Tinubu should not ban any importation.

Never!!!!

Let it be open to everyone

Banning will only make things worst on the long run.

Kukutente23:
Dangote should quit wailing
He's getting subsidised crude yet he's pointing fingers at others getting fuel from Russia
What does he mean by subsidized Russian fuel
Is Russia paying subsidy now

Which subsidised crude is Dangote getting? Oya tell us the price he's paying, since you know!!

Putindbutt:
Discounted not subsidized. Guy, school no be scam o. Legendhero i don tell you say make you no dey argue with this guy.

Hmm. You should rather take your advice o. Reading is life

Dangote mentioned that some importers bring subsidised fuel or crude oil from Russia into Nigeria. This, he said, affects local pricing, forcing refiners to lower their prices below production cost.

In the article, I see where they said that a filling station in Ogun State is selling at 847...I never see 847 for Lagos o! Na 849 I buy o!

All these shows is that the FG, Dangote and IPMAN are taking Nigerians for a ride. It is almost certain that petrol can be a lot cheaper and everyone is just playing games and looking to squeeze the masses for every kobo.

Without dangote fuel would be 1200 minimum

Ikaeniyan0:
Banning will only make things worst on the long run.

Yes my brother.

Because Dangote would now become greedy and dictate price for the people and even the government..


And I trust him to start buying oil wells. And owing everything OIL IN NIGERIA

Ikaeniyan0:
Did you not go through the article? It's cheaper importing into Nigeria especially when it's imported from a country like Russia.

If its true that its cheaper from Russia, then its probably only because they are looking for an outlet for their processed crude due to sanctions. So maybe they are offering it cheaper. The fact that the so called cheaper fuel is coming from Russia in particular is highly suspect. Why not USA, Europe, Middle East or Asia?

MaziObinnaokija:
no wonder Dangote wan make FG cripple those importers . Nah God go deliver us from this people

The major marketers dumping impure fuel on ud

Thank God for Dangote the marketers are beginning to have sense.

Good news...

But the challenge with importation is the need for FOREX. Hope it won't put pressure on our currency. Well, Dangote also imports crude I guess, so 2 have already cut 4.

AWONEYAN:
The beauty of market competition...
Let this continue and more wins for the masses.

A competitive market allows everyone to play and it breaks the hold of cabal.

I pray this also happens in the power sector.

The beauty of self-deception

Kukutente23:
Dangote should quit wailing
He's getting subsidised crude yet he's pointing fingers at others getting fuel from Russia
What does he mean by subsidized Russian fuel
Is Russia paying subsidy now

Where you one that subsidize for Dangote?

Bodexman:
This is what they call open market competition. Please let it continue, don't stop there!
The more the confusion, the better for the masses.
Oya Dangote, hit them back by reducing it to 700 per liter.
Please don't forget gas prices as well.

Thank you all

When you wake up from your dreams, petrol will be N1,000 per litre.

maxiuc:
Dangote nothing good can ever come from him, people where saying if dangote finished his refinery fuel will be cheaper I laughed

It is easier for importer to sell cheaper than dangote refinery to sell cheaper

Very frugal and mean business man

It is very easier for Nigerian government to removed subsidy and secretly subsidized imported petrol to deceive there gullible supporters

AWONEYAN:
The beauty of market competition...
Let this continue and more wins for the masses.

A competitive market allows everyone to play and it breaks the hold of cabal.

I pray this also happens in the power sector.

Wow I love this. This is how it should be. Imagine Dangote succeds in monopolizing petrol. We are finished

donleo92:
Tinubu should not ban any importation.

Never!!!!

Let it be open to everyone.

Cement- Dangote- Monopoly
Salt- Dangote
Sugar- Dangote

Now Oil- Dangote.

Then that's very wrong, and don't forget Dangote is a new player in the game, and the government has to be liberal not like before when what ever he says, the government does..

The oil cartel will not accept, they even prefer to sell at the least profit than Dangote take over oil refinery from them.

When you wake up from your dreams, imported are heavily subsidized below there production cost in Europe. Europe has the most expensive petrol in the world while Nigeria is has 12th cheapest petrol in world claiming to import illusionary cheap from Europe.

AWONEYAN:
The beauty of market competition...
Let this continue and more wins for the masses.

A competitive market allows everyone to play and it breaks the hold of cabal.

I pray this also happens in the power sector.

This is not about competition... it is about strifling a big company that employs about 5000 Nigerian through substitute importation


Nigeria has its cost perculiarity, that is why we have some thing at high cost..

Cost of security, cost of power, cost of high taxation , cost of transportation.. all this are not added to cost overseas...

So if someone jettison all those concers and invest $20B in ur economy, u hv to give him some level of guarantee ND protection ..

If Dangote fails.. NAIRA will reach 3k, more than 10k ppl will lose job...

It's the FG responsibility to mk it work.. but ...

The president friends must b the importers for him to b silent all these period

ogododo:
https://punchng.com/marketers-drop-petrol-prices-below-dangotes-cost/

Should we calm down because ebilokan is finally ready to deliver his own promise of crashing petrol price below its January 2023 level?

Or not yet

Deltafirstson:
Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.

In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.

However, pump price of fuel hit N537 per litre days after Tinubu ended subsidy.

On Tuesday, the price climbed further to N617, a development that the Nigerian National Petroleum Corporation Limited (NNPCL) attributed to “market forces”.

Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.

Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.

At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.

However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.

King Wasiu Ayinde Marshall, a Fuji musician who performed at the rally, interrupted the president’s speech with chants as the crowd cheered.

On the campaign podium with the president were Vice-President Kashim Shettima; Pa Bisi Akande, interim National Chairman of the APC; Femi Gbajabiamila, Chief of Staff to the President; Senator Gbenga Daniel; among other bigwigs of the ruling party.

Tinubu went further to say Nigerians would defy the acute fuel scarcity at the time and trek to cast their votes.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200/N500 per litre. Go and relax, we will crash the prices,” he had said.

https://dailytrust.com/breaking-video-of-tinubu-campaigning-to-crash-fuel-

he had said in the 7th minute of the video.



https://www.youtube.com/watch?v=4JH8CC_JdUA

Call me when the price goes back to 200 naira.

Some fueling station sector will soon close down

jasent:
Some idiots we start praising tinubu now,whereas the man is borrowing away their future

you are obsessed with Tinubu, you need a therapist.

If marketers take petrol above 1000 naira, do you want us to blame Tinubu or your dad?

Gboss247:
When you wake up from your dreams, imported are heavily subsidized below there production cost in Europe. Europe has the most expensive petrol in the world while Nigeria is has 12th cheapest petrol in world claiming to import illusionary cheap from Europe.

In most of Europe, up to 30-50% of the pump price you see is made up of taxes, which we don't have even 1% tax on petrol yet. So thats part of the reason why the pump price is a lot more expensive.

Is it this one that Dangote wants Government to ban importation... Hehehe

No way... Let the competition continue and Importers hope you are ready to fight it out with Dangote 😂😂😂

I saw recently online that Dangote refinery is already causing problems for European refiners

Dangote refinery is big and probably other African countries are already buying from Dangote, thereby reducing purchase from Europe as it's transport efficient


Wao, interesting days ahead

So what's your point? Ban importation? Tell me you are joking right

Let importation continue, and the competition continue, then let the winner WIN 🏆 🙌 😁 😁

bigpicture001:
This is not about competition... it is about strifling a big company that employs about 5000 Nigerian through substitute importation


Nigeria has its cost perculiarity, that is why we have some thing at high cost..

Cost of security, cost of power, cost of high taxation , cost of transportation.. all this are not added to cost overseas...

So if someone jettison all those concers and invest $20B in ur economy, u hv to give him some level of guarantee ND protection ..

If Dangote fails.. NAIRA will reach 3k, more than 10k ppl will lose job...

It's the FG responsibility to mk it work.. but ...

The president friends must b the importers for him to b silent all these period

We need that oil cartel now more than ever, competiton is good for the citizens 💯

donleo92:
Tinubu should not ban any importation.

Never!!!!

Let it be open to everyone.

Cement- Dangote- Monopoly
Salt- Dangote
Sugar- Dangote

Now Oil- Dangote.

Then that's very wrong, and don't forget Dangote is a new player in the game, and the government has to be liberal not like before when what ever he says, the government does..

The oil cartel will not accept, they even prefer to sell at the least profit than Dangote take over oil refinery from them.

With time, we shall experience a heavy drop in the price of fuel. The more the merrier, more licences should be given to investors to build and run refinery of various capacity, including modular, this is what they do in Indonesia and they don't have fuel crisis.

Exactly like Obj Ebele Buhari did not borrow away your future ba ?!

jasent:
Some idiots we start praising tinubu now,whereas the man is borrowing away their future