₦airaland Forum

Politicstoday:
https://punchng.com/dangote-refinery-slashes-petrol-gantry-price-by-n75-litre

MarkNsukkaBread:
Will the government force people to invest in new refineries?

sleek214:
Before the war, it was between 780-840. It should go back to 780/L

koning:
Should drop to between 400 and 500 naira.

Before subsidy removal it was around N148. With subsidy removal and sharp rise in Dollar, any addition to the original price should not be more than N200 per litre.

Crude will come down to below $75 in the coming weeks.

N450 - 500 is a reasonable price.

malali:
This is exactly why Nigeria's energy sector needs brutal competition, not one man's benevolence.Dangote wakes up, slashes petrol by a miserly N75 to N1,175/litre after global crude crashes, and the entire country is supposed to clap?

Nigerians went from ~N830 to over N1,300 during the crisis, suffered, and now we're begging for crumbs from a single refinery that still cites "expensive crude in tanks" as an excuse not to drop prices faster to N900 or below.This is monopoly pricing dressed up as mercy. One company, one man, controlling supply, dictating gantry prices, and holding the market hostage.

No real pressure to be efficient, source cheaper feedstock aggressively, or pass on savings quickly. When crude spikes, we all bleed. When it falls, relief is slow and partial.Open the market properly. Let legitimate importers bring in fuel freely, compete on price and quality, and force everyone, including Dangote, to earn their margins daily. True free market discipline beats regulated monopoly every time. Nigerians deserve cheaper fuel from competition, not prayers that one refinery feels generous after global events. Monopoly isn't "local content." It's economic capture.

Dangote is now slow to reduce the price, but when the war started, it was increased to 1300naira in 24 hours, we didnt hear about waiting to exhaust the cheaper crude feedstock, before prices are revised.

MarkNsukkaBread:
Na wetin concern election and petrol price increase?!

Politicstoday:
With the US-Iran deal signed & the Strait of Hormuz reopening, global crude prices WILL fall. Dangote Refinery has no excuse — gantry price should drop to ≈₦900/litre.

Nigerians deserve pump prices of ₦950–₦1,050/litre. NOT ₦1,300+.

The Hormuz crisis inflated prices. The crisis is ending. The savings must flow to the people. 🇳🇬

#NigeriaFuelPrice #HormuzDeal #DangoteRefinery #PMS

Politicstoday:
With the US-Iran deal signed & the Strait of Hormuz reopening, global crude prices WILL fall. Dangote Refinery has no excuse — gantry price should drop to ≈₦900/litre.

Nigerians deserve pump prices of ₦950–₦1,050/litre. NOT ₦1,300+.

The Hormuz crisis inflated prices. The crisis is ending. The savings must flow to the people. 🇳🇬

#NigeriaFuelPrice #HormuzDeal #DangoteRefinery #PMS

koning:
Should drop to between 400 and 500 naira.

Before subsidy removal it was around N148. With subsidy removal and sharp rise in Dollar, any addition to the original price should not be more than N200 per litre.

Crude will come down to below $75 in the coming weeks.

N450 - 500 is a reasonable price.

Politicstoday:
https://punchng.com/dangote-refinery-slashes-petrol-gantry-price-by-n75-litre

MarkNsukkaBread:
They will still slash it further in the coming days because the war is about to end

Politicstoday:
With the US-Iran deal signed & the Strait of Hormuz reopening, global crude prices WILL fall. Dangote Refinery has no excuse — gantry price should drop to ≈₦900/litre.

Nigerians deserve pump prices of ₦950–₦1,050/litre. NOT ₦1,300+.

The Hormuz crisis inflated prices. The crisis is ending. The savings must flow to the people. 🇳🇬

#NigeriaFuelPrice #HormuzDeal #DangoteRefinery #PMS

Heffalump:
The FG thru the NMDPRA needs to sit with Dangote to workout a pump price mechanism that's sustainable. The idea of Dangote taking the entire country to the cleaners due to small variation in crude oil price is not good for our economy in the global picture. He is a businessman, but he must understand that Nigeria will have to survive before his business can thrive. Dangote is a greedy man to the core driven by his investment partners who share the same characteristics.

sleek214:
Before the war, it was between 780-840. It should go back to 780/L

lawani:
If you can give him low interests on loans he will give you cheaper fuel. He is not raising price to punish Nigerians but to pay back loans or interests on loans

Politicstoday:
With the US-Iran deal signed & the Strait of Hormuz reopening, global crude prices WILL fall. Dangote Refinery has no excuse — gantry price should drop to ≈₦900/litre.

Nigerians deserve pump prices of ₦950–₦1,050/litre. NOT ₦1,300+.

The Hormuz crisis inflated prices. The crisis is ending. The savings must flow to the people. 🇳🇬

#NigeriaFuelPrice #HormuzDeal #DangoteRefinery #PMS

Politicstoday:
With the US-Iran deal signed & the Strait of Hormuz reopening, global crude prices WILL fall. Dangote Refinery has no excuse — gantry price should drop to ≈₦900/litre.

Nigerians deserve pump prices of ₦950–₦1,050/litre. NOT ₦1,300+.

The Hormuz crisis inflated prices. The crisis is ending. The savings must flow to the people. 🇳🇬

#NigeriaFuelPrice #HormuzDeal #DangoteRefinery #PMS

malali:
This is exactly why Nigeria's energy sector needs brutal competition, not one man's benevolence.Dangote wakes up, slashes petrol by a miserly N75 to N1,175/litre after global crude crashes, and the entire country is supposed to clap?

Nigerians went from ~N830 to over N1,300 during the crisis, suffered, and now we're begging for crumbs from a single refinery that still cites "expensive crude in tanks" as an excuse not to drop prices faster to N900 or below.This is monopoly pricing dressed up as mercy. One company, one man, controlling supply, dictating gantry prices, and holding the market hostage.

No real pressure to be efficient, source cheaper feedstock aggressively, or pass on savings quickly. When crude spikes, we all bleed. When it falls, relief is slow and partial.Open the market properly. Let legitimate importers bring in fuel freely, compete on price and quality, and force everyone, including Dangote, to earn their margins daily. True free market discipline beats regulated monopoly every time. Nigerians deserve cheaper fuel from competition, not prayers that one refinery feels generous after global events. Monopoly isn't "local content." It's economic capture.

Dangote is now slow to reduce the price, but when the war started, it was increased to 1300naira in 24 hours, we didnt hear about waiting to exhaust the cheaper crude feedstock, before prices are revised.

donself9:
That assertion of yours is not " Tenable" ... I say Nigerians deserve better as an oil producing nation.

on the bases of Reality or Feasibility .. If govt do what they are suppose to do, own a refinery + maximize crude production ... Nigerians we buy @ lesser price than you speculated

We are not short memories, before strait of hormuz crisis .. Nigerians were buying fuel at exorbitant prices, we jumped from 197 to #875 before us/iran war began ...thats not acceptable we are oil producing nation it should mean "something"

Pootle:
still not enough, the govt need to provide alternatives to dangote, other billionaires should invest in the petroleum sector too

GEJDHERO:
Its only importation that can actively checkmate Dangote.That guy is a SHYLOCK
.

nairalanda1:
I remember you were opposing subsidy removal, and you probably think it was a disaster.

Well, government NOT removing subsidy for decades, until the rising debt resulting forced tinubu to remove it (alongside lenders refusing to borrow money to fill the budget deficit)....is why dangote is the only game player in town

If subsidy had gone in 2012, when you and your fellow nigerians were protesting , by now we would have had a lot of refineries up and running. The refusal to remove subsidy then left people like Dangote as the only one whom banks and lenders were willing to lend money to build his refinery (before you shout government...Dangote spent 20 billion dollars on the refinery, only 3 billion came from CBN and government)...because if Dangote defaults, they pay themselves back from his other businesses.

No one is going to invest in a refinery where there are price controls.Because the purpose of investing is to make money, not to do charity for people. Everything that goes into making a refinery work is imported, plus workers must be paid very very well . But you guys kept on crying for subsidy anytime government wanted to remove it. That wrecked the NNPC refineries because they were being forced to run at a loss in the name of subsidy. That is why they cannot work today.

Or to put it this way, subsidy prevents refineries from making enough profit.

Next time, not every government decision is oppressive. Some are, not all.

mascot87:
You can make comments in capital letters, paint them all red and very lengthy and still write rubbish without substance