₦airaland Forum

Wow!!! That is the beauty of competition. Dangote's attempt to monopolize the petroleum industry will fail woefully.

Islie:
https://punchng.com/price-war-deepens-as-marketers-slash-petrol-by-n100/?amp

Dem Dey slash price on nairaland, but we still Dey buy fuel for N800+

No be juju be that ?

NOETHNICITY:
Bought for 815 yesterday in Ibadan
I’m not buying fuel again in Ibadan until I get to Lagos Tomorrow

Buy fuel anywhere o. It’s still 800 + in Lagos.

The price war, na for paper dem Dey fight am .

LibertyRep:
This script is too obvious.

Chase the competitors out with the price war, take control of the entire structure and thereafter become a monopolistic thing god.

The government and the relevant regulatory agencies should do their duties and enforce fair play.

In all, may Nigerians be favoured.

If we had chased out subsidy in 1993, or even in 2012, and let the market set prices, not government, it won't have just been dangote announcing construction of refinery in 2013, there would have been three or four others doing same.

There is a cold reason why for decades they have been telling Nigerians to remove subsidy....it was to provide a level playing field for people who wanted to build refineries...and attract investment to do so. Subsidy meant that the only person able to attract investment was Dangote, and that was because the investors figured out that if subsidy induced losses impacted the refinery in the future, AMCON will just take over Dangote's other businesses and use the cash to pay them off.

Not everything na oppression. Nigerians should have kept quiet in 2012. Instead, everyone shouted that GEJ Na oppressor (me I was not his supporter and never have been, but there is a time to put aside opposition, and look at why some decisions need to be taken). See what we have done to ourselves.

Anyway, BUA dey, there are also 4 extant working private refineries.

oz4real83:
if not for the competition, Dangote would have made it more expensive like he did in the case of cement. The govt should give licenses for companies to import cement to force the price down. Local producers like Dangote will always give reasons to make it expensive.

You have captured it all. Sadly we all thinks it's Dangote who is crashing it...Let them clash at our advantage...

ibtommy:
Later now, they will put every blame on the President. Can't we see how wicked people are generally? Make dem sha fight well and resude the pump price to at least 500 make everybody breathe. Yeye people. Wicked souls.

If Tinubu and Buhari had taken time to explain to their supporters in 2012 why subsidy needed to go, by now, we won't be complaining about dangote monopoly, and importers cheating us.

Instead they joined and encouraged the Ojota crowd in the name of politics...instead of looking for the good of the nation.

SO, yes, tinubu deserves some of the blame too. GEJ too should have removed subsidy and dared them, but the oppositon leaders should have also tried to tell the truth. Not everything na politics. Even me wey oppose GEJ and tinubu and buhari, and even obasanjo and yaradua...some of their decisions, I took time to look at why.

Flangelo12:
You all should praise Tinubu.

Abi e dey hard una mouth?

DON'T MIND THEM.

PRETENDING AS IF THEY DON'T KNOW THAT THIS IS ALL TINUBU’S POLICIES PLAYING OUT.

IF IT WAS BAD NEWS WE'D BE ON PAGE 10 BY NOW.

oz4real83:
if not for the competition, Dangote would have made it more expensive like he did in the case of cement. The govt should give licenses for companies to import cement to force the price down. Local producers like Dangote will always give reasons to make it expensive.

So, you want us to import bad quality foreign fuel in the name of competition.

Anyway, na you Nigerians cause am. If most of we nigerians had kept quiet in 2012, by now na 3 refineries plus dangote,plus NNPC we go get...meaning super competition, and lower prices.

There were many reasons subsidy had to go...ROI was one of them

The beauty of competition and the power of a boycott. Nigerians need to understand how to apply boycotts to providers of bad service, if they agreed to boycott the airlines this December airfares would reduce drastically.

Stop patronizing rubbish .

“For the marketers, I pray, and I wish they would even lose more because I’m not printing money. I’m also losing money; it’s not that I’m making money,” Dangote said recently


omoo.....Dangote dey paraaaa


He be like nice guy wey girls don show pepper...Wey come dey brutal

this price war is good news for the average Nigerian……but I was at badagry some days ago and decided to top my fuel tank at an MRS outlet but to my surprise, they are selling at #800 per litre

LibertyRep:
This script is too obvious.

Chase the competitors out with the price war, take control of the entire structure and thereafter become a monopolistic thing god.

The government and the relevant regulatory agencies should do their duties and enforce fair play.

In all, may Nigerians be favoured.

I wish the regulatore can be forthright like NCC who made communication very affordable. The petroleum regulatos have really failed the citizens

Ewedegubbler:
That’s Dahiru mangal. The smuggling king of Nigeria

Smuggling king?

What does he smuggle?

Will do when the price comes back to, or lower than he met it.

Flangelo12:
You all should praise Tinubu.

Abi e dey hard una mouth?

xynerise:
While petrol price is decreasing, transport fare is increasing

Economics doesn't work in Nigeria

Nigerian economics is mad. Flour price has dropped. Bread price has not dropped. Same with transport fares even with the price wars

cucumbar:
Buy fuel anywhere o. It’s still 800 + in Lagos.

The price war, na for paper dem Dey fight am .

Really??

NOETHNICITY:
Bought for 815 yesterday in Ibadan
I’m not buying fuel again in Ibadan until I get to Lagos Tomorrow

Bought some few minutes ago at 785 on Lagos/Ibadan express Road

atobs4real:
B4 u know it, Dangote will monopolize the market

Then he will set the price as he likes

Look at the flimsy excuse he is giving for the hike in cement. Imagine we have a viable competition there, he would not have said those thrash

LibertyRep:
This script is too obvious.

Chase the competitors out with the price war, take control of the entire structure and thereafter become a monopolistic thing god.

The government and the relevant regulatory agencies should do their duties and enforce fair play.

In all, may Nigerians be favoured.

You should be asking government to encourage more local refineries to further drive down prices and indeed more refineries are in the pipeline and at various stages of completion. No more fuel importation!

RillJ:
Will do when the price comes back to, or lower than he met it.

Is your salary lower than when he came in?

oz4real83:
if not for the competition, Dangote would have made it more expensive like he did in the case of cement. The govt should give licenses for companies to import cement to force the price down. Local producers like Dangote will always give reasons to make it expensive.

Dangote is paying Nigeria government 50% on cement price as income tax, education tax, health tax, Value Added Tax and Withholding tax. Why will the price not be higher as he is not paying all those taxes during exportation of cement

nairalanda1:
If we had chased out subsidy in 1993, or even in 2012, and let the market set prices, not government, it won't have just been dangote announcing construction of refinery in 2013, there would have been three or four others doing same.

There is a cold reason why for decades they have been telling Nigerians to remove subsidy....it was to provide a level playing field for people who wanted to build refineries...and attract investment to do so. Subsidy meant that the only person able to attract investment was Dangote, and that was because the investors figured out that if subsidy induced losses impacted the refinery in the future, AMCON will just take over Dangote's other businesses and use the cash to pay them off.

Not everything na oppression. Nigerians should have kept quiet in 2012. Instead, everyone shouted that GEJ Na oppressor (me I was not his supporter and never have been, but there is a time to put aside opposition, and look at why some decisions need to be taken). See what we have done to ourselves.

Anyway, BUA dey, there are also 4 extant working private refineries.

Stop the misinformation and being clever by half.
Jonathan didn’t remove any subsidy, what he did was to increase fuel prices by partially reducing the subsidy paid on it. You can’t remove subsidy and still set prices
Even Tinubu didn’t remove subsidy the day he announced it because they were still setting prices and paying some form of subsidy.
Subsidy wasn’t totally removed until Dangote started production

PulaPower:
I don’t know who owns this mrs filling station but the owners deserves a national honor..

They’ve always aligned with the masses compare to majority of these greedy filling stations..

He is Dandote official partner and family

oz4real83:
if not for the competition, Dangote would have made it more expensive like he did in the case of cement. The govt should give licenses for companies to import cement to force the price down. Local producers like Dangote will always give reasons to make it expensive.

Some people are so engrossed in imaginary competition and monopoly theories while failing to see Dangote refinery moving Nigerian international from trade deficit to trade surplus which more dollars been supplied against the naira, making naira to appreciate leading to price decrement. This is basic economics but most Nigerians are interested in emotional fictional theories.

Queseda:
Stop the misinformation and being clever by half.
Jonathan didn’t remove any subsidy, what he did was to increase fuel prices by partially reducing the subsidy paid on it. You can’t remove subsidy and still set prices
Even Tinubu didn’t remove subsidy the day he announced it because they were still setting prices and paying some form of subsidy.
Subsidy wasn’t totally removed until Dangote started production

He was advised to remove it in full. Nigerians said no. Simple.

It doesn't make him a good leader. Just a bad.leader not willing to take a.good.decision

And back then you guys said no.

miracle002:
Wow!!! That is the beauty of competition. Dangote's attempt to monopolize the petroleum industry will fail woefully.

At what age will you stop deceiving yourself with imaginary theories?

blesdman:
I wish the regulatore can be forthright like NCC who made communication very affordable. The petroleum regulatos have really failed the citizens

Affordable communication services with poor services,when stop defending the government that is oppressing them?

All these is just a charade.. they should reduce petroleum to 85 per litter. Then we will see

Image123:
Let's go there, this is what we asked, not incessant wailings and cabalistic threats.
The funny thing is that transport fare will still not reduce. Flip it and hear that petrol price increase by 100naira. Transport fare will rise faster than bread this very evening that so many people will be stranded at work. And many will use their private parts to curse Tinubu. It's what it is.

Good but after January what next?

All of this isn’t adding up

jericco1:
Then he will set the price as he likes

Look at the flimsy excuse he is giving for the hike in cement. Imagine we have a viable competition there, he would not have said those thrash

The day Nigerians stop defending an oppressing government is the day Nigeria gets better.

Really. Lagos still selling N839, MRS. That's good though.

oz4real83:
I bought fuel N830 today in Benin city.

Surprisingly NNPC filling station at Sabongari Kano is still selling at 905 Naira per liter. Authority concerned should investigate