₦airaland Forum

Useless country

good initative

below ooo

no be you dey praise sapagote as messiah before

yarimo:
Dangote and oil marketers are all criminals

very commendable or he relocate his refinery to togo

Government wants to create more debt for the people.

That's the thing that people like Tenses , who supports and loves tinubu and thinks tinubu can do no wrong, support.

Make he dey continue eat his corn in peace

As for me, a business must make a profit to stay stable, employ people , pay for maintenance and upgrades.

Tenses, on the other hand, believes in magic money trees, and in loving and worhsipping tinubu.

lonecatt:
check maybe you are the silly one, how much was fuel being sold before the barrel per dollar rose? Is it not almost what it is today
The guy is right your fg is pretending and wants to shift its failed responsibility to oil marketers.

Your personal saviour, Donald Trump, directed marketers in US to do same, I can't remember any insults you directed to him.

Oya, now explain in clear terms how the Nigerian FG own is different and the more reason why Donald Trump should enjoy more worship.

What happened to giving them 12 hours to reduce the price ? It looks as if the fg is trying to patronize the people. Insist indeed 😊

yarimo:
Dangote and oil marketers are all criminals

So, you guys want to give us more debt and want to prevent new investment in refineries, bah?

Seriously, your government is not serious. You cannot order businesses to set their prices as the government pleases. It's a pathway to economic ruin and disaster

Anyway, we know you people opposed a good move at Ojota in 2012.

Better take things serious. This has nothing to do with politics. If government starts setting prices, issues will happen that would lead to more and more debt.

Richtaiwo:
Your personal saviour, Donald Trump, directed marketers in US to do same, I can't remember any insults you directed to him.

Oya, now explain in clear terms how the Nigerian FG own is different and the more reason why Donald Trump should enjoy more worship.

And trump was wrong, plus he can't do nothing...unless he is prepared to release as much of the USA's strategic reserves to their refineries.

Your government and tromp are not serious.

commoditiesnig:
Good action by the FG team..

Dangote and other suppliers should as matter of urgency reduce the fuel prices as crude prices have fallen pre-war prices

This greed is unacceptable

Would you let government set your prices as a businessman , so that the masses can benefit?

Better answer me...

It's like people who don't learn from history, dem go always repeat the same mistakes.

The reason why we have a working private GSM sector, and why MTEL the government one failed has to do with government not setting the price for one and setting the price to favor masses for the other.

Ya think that refienrey parts, maintenance, salaries, etc are as cheap as N20 bread sold on the street?

Wetin concern dangote. Na him tell una say make govt refineries no dey work? Where the propaganda PH refinery wey dem dey mix ikwerre water and shekpe say na oil.

Abeg make una do ,make I go buy car abeg

Bird of same feathers flock together

The FG does not need to hae meetings and meetings with Dangote for price reducing.

There should be an agreed pricing template that guides the margins, markups that Dangote can put on his petroleum products based on the supply of crude to him in naira.

yarimo:
Dangote and oil marketers are all criminals

Misplaced agression by a balablu bulaba master strategist idol worshipper.

How can anyone be a worse criminal than the clueless olodo rising in Aso Rock who has failed to crash petrol price below the N185 it was in January 2023 when he promised to do so during his campaign rally in Abeokuta?

HOW has Dangote stopped Tinubu, Buhari and All Promises Cancelled, APC leaders looters from making petrol less than N70 since May 2015? Is Dangote the one who criminally FORCED us to pay subsidy on every litre of petrol due to the massive corruption in their oil sector?

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/

make Dangote a president tomorrow and see how more Nigerians will be poorer,
he is greedy, stingy and a monopolist,what do U expect from a business man when all he cares about is his profit,
so, make him a president tomorrow and what he will want is money all to himself

They are cynical pessimists that should be ignored

commoditiesnig:
Don’t be silly… FG no do anything Una complain, now they’re taking action Una still Dey criticise!

Isn’t that stupid!

commoditiesnig:
Don’t be silly… FG no do anything Una complain, now they’re taking action Una still Dey criticise!

Isn’t that stupid!

You call that action, the whole news sounds like Govt is not in control, we have a president that double as petroleum yet for over 2weeks imarkers n dangote are explioting Nigerians

if iit is to remove oxygen Nigerians breath, Tinubu have balls, he can trample on Nigerians but he cant show ball with the rogues explioting Nigerians at the moment, they are feigning powerless

i heard the marketers even threaten if FG force them to crash price, they will shut down nd not sell ... e don happen before for this country marketers threaten govt

Why can't the government legalize/empower those involved in illegal refineries in some parts of the country? Maybe it would stop this suffering since they don't want to do anything about our refineries.


We can't be at the mercy of Dangote and greedy marketers everytime.

This is what you call playing to the gallery. Like when you ask someone to submit his application but you know he can’t get the job but if you told him not to bother, or appear not to be “helping”, you will become the villain. So you make great effort to let him/her know you are fighting for them o even though you know it will come to nothing.

commoditiesnig:
Good action by the FG team..

Dangote and other suppliers should as matter of urgency reduce the fuel prices as crude prices have fallen pre-war prices

This greed is unacceptable

It is now greed and not market forces as you celebrated in 2023 when Tinubu removed petrol subsidy

That's why you are called wailer.

Obviously you just want to rant...

Standing5:
Pretending to be on the side of the people.

saintkel:
good action abi....if oil goes up...our own go skyrocket....if it comes down...d oil marketers will pretend everything is fine....same thing happened to cement n is happening....FG needs to man up n stop acting like a baby...no one should hold us ransomee for dia selfish purpose

It is now FG needs to man up and not the forces of demand and supply again?

Beautifulday:
No be only insist. They either pay Dangote subsidy or they ok import fuel.

And importing is now automatic price reduction for you?

OredoPikin:
The essence of removing fuel subsidies was to allow market forces determine the price.
Until dangote have a competition, Nigerians will be at his mercy.
It is very funny that Nigeria govt cant revive our 4 refineries but want dangote to be reducing price

It is imaginary competition or the policies made by the leaders you voted into power?

ceejay80s:
rubbish federal government and useless Dangote,
fed government should build at least 3 new refineries and let's see if Dangote can compete ,
Dangote can build refinery,why can't federal government

The 3 new imaginary refineries will sell at 50 Kobo to you?

FatherLord:
What happened to giving them 12 hours to reduce the price ? It looks as if the fg is trying to patronize the people. Insist indeed 😊

What also happen to the government giving itself 12 hours to return petrol subsidy or stop deceiving the masses?

As at mid to late February before the Iran war started, brent was 69-75$/ per barrel, while pump price of fuel from dangote refinery was b/w 780-850.
So why has he refused to drop the price back to where it was before the war started?
This business man is a thief and heartless.

mikeapollo:
The FG does not need to hae meetings and meetings with Dangote for price reducing.

There should be an agreed pricing template that guides the margins, markups that Dangote can put on his petroleum products based on the supply of crude to him in naira.

Thar will only work is subsidy is return

joeyswift:
Wetin concern dangote.

Na him tell una say make govt refineries no dey work? Where the propaganda PH refinery wey dem dey mix ikwerre water and shekpe say na oil.

You dey mind the balablu bulaba propagandist liars of APC. Their useless lies have caught up with them

Princecalm:
Jul 29, 2015

The Nigerian National Petroleum Corporation has announced that the Port Harcourt and Warri refineries have been successfully re-streamed after a nine-month rehabilitation exercise conducted by its in-house engineers and technicians.

The corporation, in a statement, noted that both plants commenced preliminary production of petroleum products after successful test-runs, adding that while PHRC was ramping up its operation to about 60 per cent of its 210,000 barrels per day capacity, WRPC production was projected to hit 80 per cent of its installed 125,000bpd capacity.

The NNPC said the Port Harcourt refinery was projected to boost the nation’s local refining capacity with a product yield of five million litres of petrol per day, while Warri refinery would contribute 3.5 million litres of petrol.

Providing insight into the rehabilitation exercise, the NNPC noted that it had to adopt the phased rehabilitation strategy after the Original Refinery Builders, who were initially contacted for the project came up with unfavorable terms.

It said, “Though a decision was taken in 2011 to rehabilitate all the refineries using the ORB of each of the refineries, we were impelled to switch strategy after the ORBs declined participation and nominated some partners in their stead who came up with outrageously unfavorable terms.”

The NNPC stated that the nominated partners, as sole-bidders, came up with humongous price offers after two years of thorough and exhaustive scope of work definition and price negotiations.

It added that the proxies were also unwilling to provide post rehabilitation performance guarantees.

The corporation said, “The phased rehabilitation strategy which entailed phased and simultaneous rehabilitation of all the refineries using in-house and locally available resources in line with the spirit and letter of the Nigerian Content Law, also involved the use of Original Equipment Manufacturer representatives to effect major equipment overhaul and rehabilitation.”

The national oil firm said the phased rehabilitation programme, which started in October 2014 after the required funding stream was established, created a 70 per cent reduction in costs which helped largely in mitigating the financing challenges of refinery rehabilitation.

It observed that with the successful re-streaming of the PHRC and WRPC, attention has now moved to the 110,000 barrels per day Kaduna Refining and Petrochemicals Company which was billed to come on stream soon.

http://www.punchng.com/news/pharcourt-warri-refineries-commence-preliminary-operations-nnpc/

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saintopus:
Dec 06, 2024
The PH Refinery ships its first export of petroleum products to Dubai.

The company is expected to load the cargo in the coming days onboard the Wonder Star MR1 ship, signalling the commencement of operations at the plant and the exportation of petroleum products.

The ship will load 15,000 metric tons of the product, which translates to about 13.6 million litres.

Although the volume coming from the NNPC into the global market is still small, the development has the potential to impact the Very Low Sulphur Fuel Oil (VLSFO) benchmarks in the future while changing the market realities for Atlantic Basin exporters into Nigeria and other regions.

The sulfur content of the export by NNPC stands at 0.26 per cent per wt and a 0.918 g/ml density at 15°C, according to Kpler, a data and analysis company.

The cargo was reportedly sold at an $8.50/t discount to the NWE 0.5 per cent benchmark on a Free on Board (FOB) basis.

Kpler reported that the development would help displace imports from traditional suppliers in Africa and Europe, as Nigeria’s falling clean product (CPP) imports are already decreasing, dragging imports into the wider West Africa region lower as well.

https://guardian.ng/energy/nnpc-begins-export-from-ph-refinery-as-dubai-firm-buys-first-cargo/

Useless Dangote and him people. There was no meeting for them to increase price but all of sudden meeting upon meeting to reduce price

Bahamas95:
Why can't the government legalize/empower those involved in illegal refineries in some parts of the country? Maybe it would stop this suffering since they don't want to do anything about our refineries.


We can't be at the mercy of Dangote and greedy marketers everytime.

So empowering those with illegal refineries is now the imaginary solution of the free market economy you were celebrating when Tinubu removed petrol subsidy in 2023?