NewStats: 3,265,227 , 8,186,074 topics. Date: Friday, 13 June 2025 at 11:35 PM z3h3c6382y |
NNPCL Confirms Buying Petrol At ₦898 Per Liter From Dangote Refinery (17805 Views)
(1) Go Down)
Krucifax(m): 6:36pm On Sep 15, 2024 |
The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it bought fuel from Dangote Refinery at N898 per litre. Source https://dailytrust.com/breaking-we-bought-fuel-from-dangote-at-n898-per-litre-nnpcl/ Based on the from NNPC my price pyramind prediction is thus = Dangote Sale Price = N898 NPPC Sale Price = N898 + X? Marketers Sale Price = N898 + X? + X? Petrol Station Sale Price = N898 + X? + X? + X? = Find X ?? 56 Likes 2 Shares |
Naijanascam: 6:38pm On Sep 15, 2024 |
![]() ![]() ![]() 48 Likes 2 Shares |
LibertyRep: 6:39pm On Sep 15, 2024 |
Wicked set of homo sapeins. Very very heartless, cunning and deceitful. 65 Likes |
hisgrace090: 6:46pm On Sep 15, 2024 |
This merciless govt again.
33 Likes 1 Share |
Afonja44: 6:48pm On Sep 15, 2024 |
Tinubu's gf said N898 is better than N140
50 Likes |
tommy589(m): 6:50pm On Sep 15, 2024 |
Allow marketers to buy directly if you are not going to subsidise
66 Likes 3 Shares |
jmoore(m): 6:52pm On Sep 15, 2024 |
That's 900 naira. Which means retailers will sell around or above 1,200 naira. Next year inflation will be ebin pawa pro max. 48 Likes 1 Share |
figment232(m): 6:53pm On Sep 15, 2024 |
This is very heartless indeed, all our expectations for at least N500/litre finally dashed. Then what is d need for Dangote refinery on our soil if i may ask. Na God go help the poor.
88 Likes 7 Shares |
lyndire: 6:54pm On Sep 15, 2024 |
No more subsidy from government, so why can't nnpc leave buying and selling of refined petrol alone for marketers and Dangote? Don't they have other places to steal from, must it be from PMS sale? 59 Likes 3 Shares |
olatade(m): 6:58pm On Sep 15, 2024 |
The price regulator is telling us this.
1 Like |
Smithkafors(m): 7:04pm On Sep 15, 2024 |
Vote good government una say no ….. make una continue. See them parading everywhere from thread to thread like Buhari regime. 39 Likes 1 Share |
lithiumnigeria: 7:13pm On Sep 15, 2024 |
Bbg
|
lithiumnigeria: 7:13pm On Sep 15, 2024 |
figment232: When we tried to explain this thing 5 years ago, we were called enemies of progress. Refining PMS worldwide is a very very low margin business. Refineries normally take like 4-5 Months Forward PMS Off-take Contract so that they can also do forward purchase of crude. It’s a liquidity business. Somehow, Nigerians were erroneously convinced that it will be cheaper. As it is, it is obvious that NNPCL is even doing Dangote a favour by being the sole offtaker. Dangote needs liquidity. Only NNPCL can give him. 11 Likes 5 Shares |
Bobloco: 7:14pm On Sep 15, 2024 |
Watch dumbos in the name of BATerians come here to justify this price by comparing it with the price of a liter of petrol in Ghana, Chad, Niger, Benin Republic, and other neighboring African countries.
17 Likes 2 Shares |
Kobojunkie: 7:14pm On Sep 15, 2024 |
So, NNPCL's price is the high margin of the price it gave Nigerians less than 2 weeks ago. ![]() On Tuesday, September 3rd, the NNPC raised the price of PMS from its former prices of between N568-N617 per liter to between N855- N897 per liter.Up Nigerians! ![]() 4 Likes |
Digriz(m): 7:15pm On Sep 15, 2024 |
Rubbish
1 Like |
mmafhew(m): 7:21pm On Sep 15, 2024 |
![]() |
otokx(m): 7:28pm On Sep 15, 2024 |
So how much will NNPC sell?
|
Aile(m): 7:33pm On Sep 15, 2024 |
The more you look The less you see Nigeria for you 12 Likes |
iwaeda: 7:36pm On Sep 15, 2024 |
Krucifax: Nlfpmod, you can see their lies again. Please let us import from Malta at N520 per. Dangote is not a sincere business man. ![]() ![]() ![]() ![]() ![]() ![]() ![]() 12 Likes 1 Share |
iwaeda: 7:37pm On Sep 15, 2024 |
Aile:I told you earlier, Dangote refinery is, the more you know, the less you understand. ![]() ![]() ![]() ![]() ![]() 12 Likes 2 Shares |
MEEVEET: 7:38pm On Sep 15, 2024 |
I don't know why this government lie so much... This is becoming a sickness There is no way under the sun dangote can sale petrol at ₦898... It's absolutely impossible Crude oil cost 72 dollars per barrels it cost 5 dollars to refine averagly that's 77 dollars There are 159 litres in a barrels 5% of crude is lost during refining average that's so we have 151 litres refinery expect 40-45% gasoline, 25-30% diesel, 5-10% aviation fuel, and about 15-25% "other" So let's use 45 petrol, 30 diesel and 10% aviation fuel ( kerosene +diesel blend) The remaining 15% is basically worthless For simplicity sake let's assume petrol diesel and kerosene are same price 85% of 151 = 129 litres of products Crude cost + refining cost = 77*1650 = 127,050 That gives us a cost price of ₦985 Let's say dangote sets a profit margins of 15% That gives us a final price of ₦ 1,132 I have been very very conservative here... Cost of refining, and yield but this is the minimum dangote can sale his petrol 30 Likes 7 Shares |
seborrhic: 7:39pm On Sep 15, 2024 |
hisgrace090:You are not condemning Dangote that sold at that price,but the goverment. Same way Nigerians didnt learn from the knowledge that tinubu will wreck this nation is same way they won't learn that Dangote has no interest in helping anyone. Lets wait,by December fuel will be 1200 -1500 and won't come down below 1500-1700 by next year 8 Likes |
Salewa97: 7:44pm On Sep 15, 2024 |
Good news. The price of petrol is going to crash soon. |
richmond500: 7:51pm On Sep 15, 2024 |
iwaeda:I don't know why we keep blaming Dangote, didn't he buy the crude from NNPCL? A litre of crude is approximately N724 |
obonujoker(m): 7:57pm On Sep 15, 2024 |
I cannot understand this country at all
2 Likes |
ALTERNATEID: 8:01pm On Sep 15, 2024 |
jmoore: NNPC will sell below N900 to marketers so that they can sell to Nigerians at around N900. 1 Like |
ALTERNATEID: 8:05pm On Sep 15, 2024 |
MEEVEET: We don’t know the price at which FG sold crude oil to Dangote and the exchange rate. If I don’t know anything, I am 100% sure the exchange rate used in the transaction is definitely not $1=N1650. In transactions like this, a fixed rate below the market rate would have been agreed to because of the volatility of the exchange rate. 12 Likes |
Kobojunkie: 8:05pm On Sep 15, 2024 |
ALTERNATEID:You dey Nigeria so? Or you mean say NNPCL go dey pay marketers subsidy so they can charge you only Naira 900? ![]() 2 Likes |
CSTRR: 8:06pm On Sep 15, 2024 |
Please, APC ers will get their own cheaper.
1 Like |
ALTERNATEID: 8:06pm On Sep 15, 2024 |
Kobojunkie: The official price at most filling station here in Abuja is still around N900 so what’s your point? 3 Likes |
Kobojunkie: 8:07pm On Sep 15, 2024 |
ALTERNATEID:Is the price of that same fuel the same across all of Nigeria as well? ![]() 2 Likes 1 Share |
(1) Reply)
Longest FEC Meeting Under Buhari Extends To Thursday
(Go Up)
Sections: How To . 50 Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or s on Nairaland. |