₦airaland Forum

richmond500:
Ok, let me educate you too.
Currently Dangote will only produces jet fuel, PMS, diesel and fertilizer. He doesn't produce engine motor oil.
Secondly Jet fuel and Diesel is less than 8% of what the refinery produces, the other 90% comes from PMS.
You can't bring up the price of engine oil and accuse Dangote who doesn't produce engine oil, his refinery can't produce engine oil.
It is structurally impossible for the refinery to produce engine oil.

So now you’re beginning to counter and answer your own questions by yourself

The reason why they want very high prices is so that they can produce the easiest methods of refining and flood the market. Little value added, basically just like boiling water and catch what evaporates to get PMS


They’re not willing to do anything extra. So if Nigeria agrees to buy his PMS at 1000 naira he’ll as well drop all the other methods of producing several products. Even oil bunkers are producing PMS, go to port harcourt and see. So there’s nothing stoping him from producing more fertilizer and jet fuel. But in jet fuel for example the airline owners are also billionaires and they pushed back on his prices. But you don’t have a voice. So it’s easier to dump it on you.


If you will sell crude to me in naira and I can burn and evaporate almost all for PMS I’ll keep up that tight cycle too and make the maximum profit in the shortest time

richmond500:
the average price of these products is N729.
Fuel makes up 43% of all refining products. If you take the average of the products, it's N729 per litre. Price of petroleum jelly is actually far cheaper than PMS.

You’re arguing blindly but today is Sunday. So I have time to educate you

This is a picture of a 5liter motor oil on Jumia at 35k or 7k per liter

Talk about what you know please not what you think or google

richmond500:
u get 170 litres, that's just 11 litre difference

If you don’t understand refining sciences and all you depend on is google then you won’t understand until you go back and do more research


Dangote produces fertilizer, jet fuel, disel. Condensates will produce bitumen for road construction and polypropylene for plastic substrates.

So if you google how many liter of gas from one barrel of crude, you’re just getting a basic answer. You get more expensive byproducts that allows you to sell PMS cheaper

A simple example is Vaseline. Since you like google, google the prices on Jumia

Or google the price of motor oil

Or fertilizer

Or a benzene derivative drug like Benzodiazepines


Find out thier prices and you’ll understand why we can sell PMS for 500 or less

richmond500:
that's true, $72 or 115k divides 159 is equal to N724 per litre
So I am now asking you again, do you think Dangote price is too high if he sells at N766 after refining?

That’s not how it works
You get more litres of PMS from one barrel because of air admixture etc

In reality during refining you get several byproducts like diesel that are more expensive than PMS

Your math is not mathing

richmond500:
Nigeria sells a barrel of crude for $72 which is equivalent to N729 per litre, so how much do you think we buy the refined products?

A barrel of crude is 159 liters

richmond500:
Do you know how much NNPCL was buying from overseas refinery before subsidy?
They buy close to N1k naira, logistics cost and every other thing moves the product to 1300.

I live abroad and I know the price of refined products with taxes

NNPC is just giving you figures you need to believe the subsidy payments they’re making. The subsidy paid in the last one year eclipsed what some entire administrations have paid in 4 years

This time around the crude was pumped to Dangote and refined locally. In refining you add cost of labour, transport ships and trucking to last mile. Labour abroad is a minimum of 2.6m naira per month in these refineries. Dangote is paying some less than 100k per month. Crude was sold in Naira. No shippping costs. Etc etc

You’re beginning to buy the lie. Do you wonder why there was scarcity and inflated prices before Dangote came onstream?

It’s called orchestration

Still too high
That was what they where selling the imports just a few months ago and the exchange rate hasn’t changed much


Dangote is part of the problem of Nigeria

Absolutely
Sometimes people your preach to don’t ponder on it until after you’re long gone

IamANigerianMan:
What of your currency?

If the prices are not competitively priced but sold at an inflationary price the currency won’t improve
Your currency does well when you have more purchasing power
Higher fuel will increase the price of everything else

If it won’t drop then allow imports

It’s evil for someone to love and trust you while all the while you’re planning to do them evil

That’s very very evil

Just kill him once proven beyond reasonable doubt

Even you na taliban you be?
Nothing wrong with beards but groom it

Not always
But that is a good sign if he introduces you to his parents and meets yours

Canada double it

Every country is blocking Japa

Proverbs 29:2 , "When the righteous are in authority, the people rejoice: but when the wicked beareth rule, the people mourn"

Have mercy Lord

Stop them very very early with their extremism
That’s how Boko haram started

Make Abike minister of foreign affairs

Great job army

Stealing so much money he can’t eat one percent of and struggling with his health not minding you’re going to give account of everything after you die

Making more money on social media and endorsements than in football

A balance of trade occurs when you import and export

Nigerians export almost everything

The fact that there’s a surplus’s indicates they’ve not been importing. Was it replaced by local production? No. Infact a lot of local companies have closed shop since Tinubu stole power. It’s collective poverty that’s causing the surplus which is mainly crude oil exports that go into the pocket of a few. Nigerians have collectively become poorer they can’t buy cars, phones, even rice from abroad like they used too.

Death sentencing for kidnapping should be introduced

Tinubu is paying himself left right and center

Thought they had settled the naira for crude/fuel deal?

Naija and poorly set up contracts due to bribes that get reversed by new administrations

It’s not irregular for a regulator to be permanently on site at sensitive productive industries

Them show her say that one no follow

They’re inviting more immigrants unwittingly

With satellite internet service providers right now you’re just wasting your time.