NewStats: 3,263,762 , 8,181,317 topics. Date: Saturday, 07 June 2025 at 07:20 PM 691g1j

Price of Dangote’s fuel higher than other sources, we have to pity Nigerians – IPMAN

The Independent Petroleum Marketers Association of Nigeria, IPMAN, on Friday said that the price of fuel from Dangote Refinery, as of last week, was higher than the price of the product from other sources.

IPMAN said must go where the price is lower and where they get profit, adding that they have to pity Nigerians.

Yakubu Suleiman, National Assistant Secretary of IPMAN, stated this on Friday while fielding questions on Arise Television’s Morning Show programme.

Suleiman argued that prices of petroleum products are determined by international pricing, insisting that Dangote is supposed to be disclosing the amount he’s going to sell his product.

He said: “Prices are determined by international pricing. Dangote is supposed to be saying like every day, ‘This is the price I’m going to sell this product’.

“But he cannot be able to do that unless he (Dangote) engages the stakeholders. And you cannot just say okay, we must only buy in his own depot.

“IPMAN cannot just sit down and say ‘We will tell our , all of you go to Dangote Refinery and buy your product and load’. We cannot just do that. This is a deregulated system.

We have to source where products are much cheaper. Then we would inform our to go and load product in any depot that the product is cheaper.

“If Dangote has a product and is selling N1000, let’s assume, and there are other places that are selling N900. We can’t just say because for the sake we are doing business with Dangote, ‘Okay go and do it’. It’s not profitable to us. We must go where the price is lower; where we get profit. That is it.”

Continuing, the IPMAN scribe added, “We are in a deregulated economy but Dangote is like trying to monopolize the whole issue. Fine. Let us know if there is monopoly in the whole system. But we believe that it’s now deregulation.

“Like last week, Dangote’s price is higher than other places. Because if you can go by the price, the international price, crude has already started coming down.

“If I could , as of last week, he gave N995 per litre, and you have to bring your cargo and load. How much will you pay the cargo? How much will be the other charges to your depot? And how much will go to the depot? And we expect independent marketers to go and sell it. Can we go and sell? Look at we have to pity Nigerians.”

https://dailypost.ng/2024/11/01/price-of-dangotes-fuel-higher-than-other-sources-we-have-to-pity-nigerians-ipman/

The dribbling continues.

Let them continue to import, in that case.

But there shall be no subsidy.

Watch how they would ask for subsidies which is the main racket they've been running.

Bunch of kparawos

How can the fuel you produce at your street end be more costlier than the one bought from a thousand miles of ocean, despite the fact that it may be sourced from brasil or Indonesia the difference must be there

Make una pity Nigeria people

It is a crime for Dangote to hide the price of his products.

You didn't hide price of aviationfuel and your diesel but decided to hide price of petrol that affect the masses.

If price of currencies are quoted per second, price of stocks are known, price of essential commodities like wheat, sugar are publicly quoted, it is a grave crime for Dangote to hide his price. As a matter of fact his price should reflect the fluctuation of the crude oil in international market

On this note, the President and the Minister of state for petroleum and NNPCL owe Nigerian explanation on the opaque manner the oil sector is being managed after deregulation.

This is a call to all well meaning Nigerians, the social media activist and human right activist to step in and demand transparency.


This is one major assignment expected from the labour leaders and leaders of protesters to championed.

Femi Falana, Sowore, Deji Adeyanyu, NBA, Aisha Yesufu, VDM Ajero and political oppositions, Peter Obi and his Obidients family to speak

Failure of which you will all be seen as selfish, let Nigerians compel Dangote to daily publish the price of petrol in the media. We don't want Monopoly of petroleum products, it is economic and security crime to perpetuate that

G0Oodharddick:
There's no such thing as pity in tinubu's dictionary!

However, I'm more concerned with the rate at which the female child poisons their ex boyfriends and father! When we tell some idiots to aviod women Who still communicates with their ex, some people will think we're joking! You'll hear such girls say "he's just my ex but we still talk" we're ex, not enemies" etc. Ur death is near if you don't run.

In conclusion, no dey give women your money again. If she's not spending financially on you too in that relationship, it's obvious you're dating yourself. If all she could give you in return is sex then you're a dating a prostitute who has nothing valuable to offer. Take care of yourself as a man. Eat healthy and hit the gym. This is just a day to remind you that if your girlfriend was in your shoes, she wouldn't date you

Thought we're talking about fuel now

This is a typical example of how the government displaced priorities

criuze:



Thought we're talking about fuel now

This is a typical example of how the government displaced priorities

Stop bothering yourself son, the price of fuel will keep skyrocketing for as long as tinubu is there. Man is monumental failure pro max

The Independent Petroleum Marketers Association of Nigeria, IPMAN, on Friday said that the price of fuel from Dangote Refinery, as of last week, was higher than the price of the product from other sources.

With all fees associated with imported petrol

Maxymilliano:



With all fees associated with imported petrol

You believe the importers?

If Dangote starts empowering younger people with filling stations which he supplies directly, you would see how they would be panicking.

Nawa o

This is the kind of information that should be made public by Dangote.

Golan007:


You believe the importers?

If Dangote starts empowering younger people with filling stations which he supplies directly, you would see how they would be panicking.

..BATist..what type of thinking is this..?
..how is it possible for any human to come up with such logic..?

..from where did you process this issue before dropping it..

..with every plausible reason as to maybe a solution..this is what your capacity to think can come up with..

. BATists..



..

Tochi3:


..BATist..what type of thinking is this..?
..how is it possible for any human to come up with such logic..?

..from where did you process this issue before dropping it..

..with every plausible reason as to maybe a solution..this is what your capacity to think can come up with..

. BATists..



..

I know you cannot think.

The issue is about subsidies, which several middlemen have been feeding fat on for generations.

Unfortunately, the common man suffers, because there is no direct way to feed them.

The solution might be to setup Dangote filling stations across the country, which would definitely remove the position of the middle man.

IPMAN should allow Dangote to operate freely.

If he is selling at higher price, let the market determine if he will sell or not.

Still wondering how the price of ported products can be higher than the price of locally produced fuel.

Dangote should reduce the cost of his product below the imported fuel or face boycott by marketers.

Simple!

The IPMAN are just being economical with the truth.

When the price of fuel was higher than the price set by Dangote, did they pity Nigerians?

Let them also be considerate and stop playing petty politics with price of fuel

Golan007:


I know you cannot think.

The issue is about subsidies, which several middlemen have been feeding fat on for generations.

Unfortunately, the common man suffers, because there is no direct way to feed them.

The solution might be to setup Dangote filling stations across the country, which would definitely remove the position of the middle man.

..you see the reason I said you are illogical..

..what solutions are you talking about..? Under the so called " deregulation "..?

..how can you be practising " deregulation" & still be talking about setting up fuel stations as a solution..by thesame dangote
..so under deregulation only dsngote & nnpcl should set up fuel stations runned by the " youths" like hellanuis..?

..let me ask you a question..how much is Dangote getting crude oil from nnpcl..?

..how much does it cost dangote to refine the crude as petrol he got from nnpcl.


..how much is dangote selling to nnpcl..?

..you wsnt to secretly hide all this information & still go ahead to propose the Establishment of dangote filling stations..& you call that deregulation..?

..let me bust your subsidy bubbles..the subsidy fraud you want to blame the marketers for..can never take place without the the criminal organisation nnpcl..which happens to be a ministry under the petroleum ministry..the subdidy fraud are perpetrated by government officials & not the marketers.



.the nnpcl is still defrauding the geographical expression..using dangote refinery to loot funds meant for the crude oil supplied to dangote..

Alright

E don reach like dis?

Godfullsam:


Still wondering how the price of ported products can be higher than the price of locally produced fuel.

Dangote should reduce the cost of his product below the imported fuel or face boycott by marketers.

Simple!

that The Naira for crude is still an Audio T-PAIN directive.
When is only when fully implemented that Dangote price will drop !
Have you forgotten that he imported must aff his crude from the US !
My brother !!! Nigeria is just a Banana island 🏝️

Nigerian business pity?
You all are thieves. Marketers and petroleum station owners now make more profit since the removal of fuel subsidies.

Price of Dangote’s fuel higher than other sources, we have to pity Nigerians – IPMAN

Pity yourself and your pockets

While i dont want to believe this, what is the cost NNPCL is selling crude to Dangote Refinery?
Chances are that the cabals have snuck in their own cut and thats pushing final cost up.

Dangonte shld tell Nigerians d price for his fuel ⛽ na

Ilu le 🤔

The moment he started manufacturing cement, cement became a luxury commodity.

He entered Sugar, sugar became cocaine


Now he just entered petrol and price already jumped by 700% in less than 2 months he started production.


Aliko Aliko

Tochi3:


..

Continue playing the citizens like the pun you call them.

Dangote has nothing to lose.

When the public thinks of it, they'll realise who actually profits from their misery.

Deregulation at work.

Nnpc and their tricks again.