ahiboilandgas:
look at what happening in deseal

IyawoToBe:
Do you use Internet banking? Check your card settings from there. See if you unchecked use on online/web purchases. I had the same issue and was on the verge of requesting for a new card when someone told me to do this.

Ps. I was charged 390/$ today too. Looks like dollar is coming down.

ojesymsym:
Exactly, the price refused to go down despite the slum in crude price. It never follows market forces.

ahiboilandgas:
petrol will soon fellow ....the evil marketers will transfix a price that can only go up and up ....but will take everlasting to come down....Nnpc stations will be having some goods sales in future

PresidentBuhari:
Dollar is being sold at N397 In Ikeja Lagos, hoarders should sell now to avoid massive losses. It may drop further to N390/$ from next week.

ahiboilandgas:
petrol will soon fellow ....the evil marketers will transfix a price that can only go up and up ....but will take everlasting to come down....Nnpc stations will be having some goods sales in future

NL1960:


Once NNPC filing stations maintain a lower price, people will flock there thereby forcing others to reduce theirs. Why will i buy fuel at a higher price from other stations when NNPC filling stations that are all over the place are selling at a lower price?.

XiaoLi:
Is this real?

NL1960:


Once NNPC filing stations maintain a lower price, people will flock there thereby forcing others to reduce theirs. Why will i buy fuel at a higher price from other stations when NNPC filling stations that are all over the place are selling at a lower price?.

Theconglomerate:
If it was real he won't tell you.

XiaoLi:
I think we don't need jokers here who mislead people, i just called my Aboki now and he said there is nothing like 397 for 1$

Theconglomerate:

397 is a pipe dream honestly.
It might never get to that again,even with resumption of sales to BDCs.
What we might get is 400-410 range with CBN injections.

PresidentBuhari:
Dollar is being sold at N397 In Ikeja Lagos, hoarders should sell now to avoid massive losses. It may drop further to N390/$ from next week.

tumababa:


lol. i hope your tactic work..

Enyinne:
Pls i need assistance to this dollar issue . Can u help me out as i need $ right now but this black market price is not feasible

ahiboilandgas:
if u can wait in the line for hours to buy from NNpc ...or 5 minutes in Ahib oil and gas for a difference of 5 naira....your choice your time...

NL1960:


NNPC filling stations are all over the place. This was what the FG had in mind when they started flooding the whole place with NNPC filling stations. Moreover, i buy fuel for my car once in a week. I can easily buy during the weekend. Moreover, once NNPC sees he queue, they will open more or take over dormant ones. If Ahib oil and gas that normally sells a trunk a day now sells a truck a week and NNPC comes with a buyout offer, you no go sell?.

ojesymsym:
In theory this what is supposed to happen, but the Nigeria that I know, petrol stations will form union and tell their members you must sell at a particular rate or face sanctions.
Even barbers and vulkernizers get union.

islamics:

Some teachers also earn 20k and below plus it might not be coming consistently.

In such scenario, investment reasoning might not even ring in one's brain, na daily survival go be your default setting and how to improve.

ojesymsym:
Except he has another income source then fuel for car and DSTV should not be in his present list of expenditure.
He may also opt to invest 5k instead of the 10k. The truth is, even if you earn 1 million per month, if you don't want to invest, you will also have enough excuses not to, that is life.
What do you think?

ojesymsym:
I remember joining the haulauge business thread on nairaland many years ago, they used to say the money in it was like blood money but that the truck owner had to practically be a "mad man" to deal with the drivers and their plenty wahala.
It is major challenge for me.

NL1960:


NNPC filling stations are all over the place. This was what the FG had in mind when they started flooding the whole place with NNPC filling stations. Moreover, i buy fuel for my car once in a week. I can easily buy during the weekend. Moreover, once NNPC sees the queue, they will open more or take over dormant ones. If Ahib oil and gas that normally sells a trunk a day now sells a truck a week and NNPC comes with a buyout offer, you no go sell?.

Nyxx123:



You are right, but if you are a big dog in this line of business, you can sell at your own price.
I remember either in year 17/18, fuel price hiked , I think it was sold above #200 per litre, then A.A rano opened a new filling station, he sold same price with NNPC, I think either #160 or so.
People left the other fuel stations to queue in his own. The other fuel station owners lost some many customers.
The union assoc. of fuel station owners came to his to warn him to sell at the exact price they were selling or face the consequences. He sent a message through his manager to tell them, he wasn't going to do that and if they try another nonsense, he will make them know, he has been in this business long before they ever thought of it.
Naso the union leaders carry their legs waka go. I think the mistake they made was, they never inquired to know who A A rano was, otherwise they woñt have tried that expensive joke.
But you need to see queue, as early as 5am, car was everywhere

ahiboilandgas:
nnpc retail ltd control 17 percent market share ....they have about 36 station called mega 1 ....funny enough the remaining 300 are privately owned (affiliates)...so Ahib oil and gas will be selling in it station in Asokoro ...same Ahib oil and gas will be selling in wuse...under Nnpc franchise...All na me ......so i will dirvert Nnpc wuse allocations to my stations in Asokoro to sell at 130 (no queues).....while i sell at 121.5 in my nnpc franchises...using only 1 pump and 2 staffs ....and lond painful lines and disorganised......

ahiboilandgas:
its smokescreen he was not selling fuel but accumulating waybills to acess the pef subsidies ....he also sells to the other stations in bulk (full truck)....after selling to Ahib oil at 150 then am retailing at 200 and paying dpr monitoring team bribes of 10 naira ...why will AA rano again sell to cars at 160.....that distorting the markets for me .....he can only try this in the North.....marketers from the east ....will smoke him....

Theconglomerate:
Competition and individual reasons always drive prices down so long as prices have dropped from the source.
It's only a matter of time before it collapses and the petrol station union falls out of order..Everyone knows this.
They succeeded in hiking diesel prices this long because demand for it is low.
You can't have a fast moving commodity like petrol run under a cartel scheme,where everyone is looking for a piece of the action.
Unless the cartel is ready to spend good money to enforce this,I give it 9months and prices start falling apart
Will you people also stop the building of new filling stations?because this ones in their quest for customers will start selling low price