₦airaland Forum

orikoku:
This guy knows what he’s doing, that fuel price will hit 1k as he has said it. Reason he doesn’t want competition.

donleo92:
We warn una...

Dangote na bloody monopolist.
But them say make we go build our own refinery.

So I shut up oh

ogododo:
Dangote Refinery has outlined its fuel production and distribution operations, warning that reliance on coastal logistics could significantly increase petrol prices if the additional costs are transferred to consumers.

In a statement on its official X account on Thursday titled “Six things to know about Dangote Refinery fuel production and distribution”, the company said its refinery operates a world-class gantry facility with 91 loading bays, capable of handling up to 2,900 tankers daily and evacuating over 50 million litres of petrol and 14 million litres of diesel through continuous 24-hour operations.

Dangote noted that gantry loading, which it described as the most cost-efficient evacuation method, helps eliminate port charges, maritime levies, and vessel-related expenses that do not benefit end users.

The firm said, “Gantry loading is identified as the most cost-efficient evacuation method, as it eliminates port charges, maritime levies and vessel-related costs that do not benefit end users.”

The refinery also emphasised that marketers are free to choose between gantry and coastal loading, adding that the company does not impose restrictions on evacuation modes. However, it warned that coastal logistics could add about N75 per litre to petrol costs, potentially pushing pump prices close to N1,000 per litre if passed on to consumers.

“Marketers are free to choose between gantry and coastal loading, and the refinery does not impose restrictions on evacuation modes. Coastal logistics can add about N75 per litre to petrol costs, potentially pushing PMS pump prices close to N1,000 per litre if passed on to consumers,” it said.

Dangote Refinery added that Nigeria’s daily consumption averages “about 50 million litres of PMS and 14 million litres of diesel,” noting that reliance on coastal logistics could impose “an additional annual cost of approximately N1.752 trillion.”

Highlighting the impact of local refining, the firm said, “Local refining has significantly reduced fuel prices, with diesel falling from about N1,700 to N980–N990 per litre, and PMS dropping from around N1,250 to N839–N900 per litre, while also easing FX pressure and supporting naira stability.”
https://punchng.com/coastal-logistics-may-push-pms-near-n1000-litre-dangote-refinery-warns/

P1PrinceKT:
If Dangote can't reduce cement price who is he to reduce patrol's own? At least let's enjoy the labour market he expands for Lagosians and Indians 🇮🇳.

chatinent:
Since Tinubu entered, it's been all shades of hell. Buhari started the hell; Tinubu decorated it.

No jobs for people who want to work.

anonimi:
Petrol should never cost more than N70 per litre, says APC

January 19, 2015

The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.

On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.

But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.

It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.

https://www.thecable.ng/petrol-never-cost-n70-per-litre-says-apc/

Buhari’ll reduce petrol to N40/L —David-West

FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”

https://www.vanguardngr.com/2015/04/buharill-reduce-petrol-to-n40l-david-west/

NOETHNICITY:
Make them no try am!
We have been hearing several good news over the past weeks, make them no use fuel price spoil the matter

chatinent:
Since Tinubu entered, it's been all shades of hell. Buhari started the hell; Tinubu decorated it. No jobs for people who want to work.

coolcharm:
Did you even read the post?

NOETHNICITY:
Make them no try am!
We have been hearing several good news over the past weeks, make them no use fuel price spoil the matter

orikoku:
This guy knows what he’s doing, that fuel price will hit 1k as he has said it. Reason he doesn’t want competition.

NOETHNICITY:
Make them no try am!
We have been hearing several good news over the past weeks, make them no use fuel price spoil the matter

VanuatuWycombe:
Dangote is advising marketers who are buying from him to come and load their fuel at gantry instead of the marketers to request to be loaded at sea side (especially those buying into vessels).

He said if they prefer to be loaded at the coastal (sea side) area, it will add N75 to every one liter of fuel pumped into their vessels.
This additional N75 cost per liter will be passed to final consumers.

——
If a marketer is not exporting to other countries, why would they want to use coastal loading facilities?

Some of them may have tank farms at Apapa and want to use their vessels to collect fuel at Lekki then go and dump it in their tank at Apapa.

Taking advantage of Dangote’s free fuel delivery, I see no reason why a marketer, who is not exporting fuel o, will want to be loaded at seaside.

mkoabiola:
As it stands now, Dangote dictates d market price

Unless another big competition comes on board, Dangote will continue to enjoy Monopoly

casualobserver:
Better you vote in Obi so he can return fuel and forex subsidies so there will be no money for roads. Obi has already said he will cancel the coaostalhighway.
Who needs coastal highway at N1000 petrol and N1400 to $1.

We were better off with bad roads, at least fuel was cheap.

Zocalite:
Monopoly indeed

Have you ever heard oyinbo or foreign investors wan build refinery in nigeria?

That's cos

There's too much Shaddy dealings in oil venture in nigeria

orikoku:
This guy knows what he’s doing, that fuel price will hit 1k as he has said it. Reason he doesn’t want competition.

apstpaulg:
This was very anticipated.
No business man doesn't want profit. Especially, business that loan was the capital base.
But then, why is it always that when Dangote comes into a particular sector, the price of that commodity skyrockets.
Business men are just like politicians.
Ones established, they forgot campaign promises.

ericmor:
The next government will light it up with more decoration don’t worry

donself9:
it is not Dangote prerogative to reduce fuel price get enlighten

Fuel price are mainly influenced by int'l market price ... what can bring the reduction We long for is Naira regain value

imagine $1 drops to 1000 or 900 .. that is the real game changer

Elusive001:
I laugh at those who hope on Dangote. Which coastal logistics again are the talking about? Please, can someone explain what coastal logistics are to me?

naptu2:
Another thread that exposes people that can't read and understand simple texts.

In simple English

Dangote did not say that they are going to increase prices. It was simply describing its operations.

It said that it has the ability to load 2,900 tanker trucks with fuel everyday.

It also said that customers can also choose to receive fuel bh ships.

However it said that receiving fuel by ships is more expensive because of port charges, etc.

It said that receiving fuel by ship could add as much as ₦75 and bring the cost of fuel to around ₦1,000 per litre.

That's all it said.

Now ask yourself, how do most dealers receive fuel? Is it by ship or by tanker truck?

ogolemati:
make I no talk wetin they my mind before they go ban me.you have been hearing good news.the Satan and the demons that made this speech are in charge

NOETHNICITY:
Pitobi is a failure
He failed catastrophically as governor of Anambra. I prefer a Tinubu to a known incompetent ex governor

skywalker240:
Okay so he is not buying Petrol in naira ba?

ogolemati:
ok you preferred hardship to good life oya continue the grabber snatcher and ran away criminal will give you enough of it