NewStats: 3,265,275 , 8,186,210 topics. Date: Saturday, 14 June 2025 at 08:09 AM 6a4rz

seunowa:

Elevated Illiterate, do you know what is $5 billion in 3 months? You just opened your mouth and bring out figure your brain can barely comprehend.

Low IQ clown is here again . Shameless pittance hunter

tnerro1:
So why is NNPC importing 25 million liters daily

To enjoy secret subsidy

Paraman:
Dangote should forget it jawe, importation of pms won't be banned.

Just payment of secret subsidy on imported petrol would also be banned.

seunowa:
Nigerians pms consumption should never be left in the hands of one man. I wholly pms importation to prevent monopoly of the products.

Where is the monopoly?

ttobizz:
Local refined sells for same price as the imported, yet you want to impose dangote petrol on us. I say no to monopoly. Let the competition continue

Why go to Europe price petrol and discover secret subsidy paid on imported petrol

Pootle:
so why nnpc keeps importing

To enjoy secret subsidy

Blazebond:
Una ask for deregulation and you got deregulation so why is dangote doing all he can to force monopoly on us, deregulation means that anyone that is capable of sourcing for petroleum products that meets the standard of nigeria is free to do so,so I don't see why some you are getting angry that importation license is still being given out, nobody will get any monopoly again in Nigeria o, everybody must compete.

Have consider the trillions of naira spent in secret subsidy on European petrol

Make baba crash the price well well.
Dem go get high BP instantly and fall in line.

Looks like baba sef dey greedy.

Saga16:


Nothing wrong with importation, if you can get yours cheaper.

Cheaper at €1.698 (2,693NGN) from Belgium while Dangote is 890NGN

Who cares... Dangote will soon fold up.

OkCornel:
The fuel import subsidy claiming gravy train is over.

That cabal should take the L and move on.

It is only secret subsidy to make a litre of imported at €2 to have a landing cost of N900+ in Nigeria

Gboss247:
Cheaper at €1.698 (2,693NGN) from Belgium while Dangote is 890NGN

Then don't import.
Problem solved.

Mccollins042:
Dangote should sell his own while marketers import theirs that will make the price go down...Dangote is reducing price now because he wants to sell cheaper than marketers, imagine if there are no marketers.... monopoly is bad for the people

Do the maths of importing a litre of petrol from at Belgium €2 with euros over N1,600+ with landing in Nigeria at N900+ resulting in an under-recovery cost (secret subsidy)

Mccollins042:

I love the competition....that's why Dangote is always reducing prices

You love self-deception
You export crude to Europe and import petrol at €2/petrol and using secret subsidy to cover up

Saga16:


Then don't import.
Problem solved.

I think you need to use your internet browser app more effectively

Gboss247:
I think you need to use your internet browser app more effectively

How so?

Dangote sells at a rate cheaper than imports.

Yet you have a problem with it.

Mccollins042:

If we have it and refine it why is it still as expensive as imported one? We don't need monopoly

NNPCL and marketers import petrol from Europe where the prices ranges from €1.7 to €2, convert to naira and the secret subsidy (under-recovery cost) fraud

ejieddy:
The challenge with importation is that you use up the unavailable foreign exchange for this business.

The challenge of importing a litre of petrol from Europe at €2/litre i.e N3,200+ claiming a landing cost of N900+ with an under-recovery cost (secret subsidy) of N2,300+

VanuatuWycombe:
Make baba crash the price well well.
Dem go get high BP instantly and fall in line.

Looks like baba sef dey greedy.

You must have a PhD in ignorance
The oil price reduction in the international market combined with naira appreciation is not relevant to you

Saga16:


How so?

Dangote sells at a rate cheaper than imports.

Yet you have a problem with it.

"They have a problem with it" or you have a problem with it?

Gboss247:
"They have a problem with it" or you have a problem with it?

I don't have a problem with it.

It's a free economy.

If you can get it cheaper, please do.

Saga16:


I don't have a problem with it.

It's a free economy.

If you can get it cheaper, please do.

Where will the forex come from?

Gboss247:
Where will the forex come from?

Wherever people source forex from.

Do you understand what a free economy means?

ttobizz:
Local refined sells for same price as the imported, yet you want to impose dangote petrol on us. I say no to monopoly. Let the competition continue

Dangote is cheaper

Saga16:


Wherever people source forex from.

Do you understand what a free economy means?

Where do people sourced forex from?

Gboss247:
You must have a PhD in ignorance
The oil price reduction in the international market combined with naira appreciation is not relevant to you

What could have led to what you just wrote now?

Tell me before I tell you further my reasons for writing that DANGOTE should reduce price more or else, I will hit you as if na train jam your mother.foka being.

You no dey look face? Why won’t you read my comment and move on? Are you DANGOTE or his spokesman?

Ko ni daada fun e ati awon to bi e lomo.

If I have PhD in ignorance, you must have been a Professor Emeritus of Nonentity.

What has international oil price got to do with him reducing price further?

Have you seen his BOM or his standard cost template? Or have you seen his pricing template? Do you think his margin is not more than 300% on CoP?

The N20 he is reducing is not up to 10% of his margin. He can still reduce it further to fight completion. At 35%, he is still doing fine. Even at 20% margin, he is good to go.

He has an advantage that importers don’t have.
I doubt if you can run a successful business in your life. Better be going to your 9 to 5 job and be collecting your guaranteed salary.

What do you know about costing or international trade than what you read online?
Bring your entire house here or to another household and I will tutor you guys on Management ing 101.

Oo ni je’re. Emi lo fe maa bûlly online. Walahi 1,000,001 of your generation unborn can’t handle me. Ko ni ra’gba fun o.

Joey4321:
You guys here complaining about monopoly are very daft.

You watched for 8 years + how this man suffered to build a refinery that now works. None of you thought it right to hold your government able.

All of you folded your hands and kept quiet... Now you're all shooting Monopoly.

Dangote is a businessman and like every other business, goes for profit. He doesn't give a shot about solving your government problems. If your government isn't working. Change it.

Importation of fuel will not be banned in Nigeria.

SarkinYarki:
Never again should Nigeria elect anyone that has deep interest in oil business...this is the result you see

They're really frustrating this man. When I say these crop of politicians are the enemies of Nigeria, I have proofs. The same people are wooing investors Smh. When dangote said he had the capacity of meeting local demand, same NNPCL kicked and said they'd appoint 3 marketers to import. I doubt people really understand the meaning of competition. This is frustration by the NNPCL .

Saga16:


If you think you can get it cheaper, please do.

It doesn't put as much demand for the dollar as we had in the past.

Competition is also welcomed.

If they are serious about dealing with monopoly, they can make the local refineries truly work. Question is how much PMS does PH refinery give us daily at present? I’d be glad to know if you have the answer. All these audio performance will not help. Aramco and Petrobras run their refineries in their respective counties through alliances with other private sector players. Who says they cannot go toe-to-toe with Dangote?

Now we hear that a local company has excess PMS which is even the cheaper option. We hear that he sometimes has to source for crude abroad because of epileptic implementation of the crude supply agreement he has with the government. This company is refining PMS and the government is actively aiding importation when we hear that Nigeria spends N5.5trillion on petrol and diesel imports in 4 months.

Exchange rate is at a record low at 1500-1600 and then instead of cashing in on what we produce locally to reduce the pressure on the naira against the dollar, the government is aiding the process by which the naira will remain in a bad place.

If you say the currency has stabilized, I ask you what’s the plan to bring it down to reasonable levels? Or do you think that 1500-1600 is a good place to be forever? If you agree that that’s not a good place to be, why would you encourage importation like that when you have all it takes to get your refineries truly producing and in the main time you can cash in on local production.

If they are truly serious about fighting monopoly, get Dangote to commit to a certain percentage margin after factoring costs and all and if not, you will exercise your regulatory role to curb their excesses.

Importation of the most important FX parameter is never the solution in the face of a weak currency.

Lookmun:


If they are serious about dealing with monopoly, they can make the local refineries truly work. Question is how much PMS does PH refinery give us daily at present? I’d be glad to know if you have the answer. All these audio performance will not help. Aramco and Petrobras run their refineries in their respective counties through alliances with other private sector players. Who says they cannot go toe-to-toe with Dangote?

Now we hear that a local company has excess PMS which is even the cheaper option. We hear that he sometimes has to source for crude abroad because of epileptic implementation of the crude supply agreement he has with the government. This company is refining PMS and the government is actively aiding importation when we hear that Nigeria spends N5.5trillion on petrol and diesel imports in 4 months.

Exchange rate is at a record low at 1500-1600 and then instead of cashing in on what we produce locally to reduce the pressure on the naira against the dollar, the government is aiding the process by which the naira will remain in a bad place.

If you say the currency has stabilized, I ask you what’s the plan to bring it down to reasonable levels? Or do you think that 1500-1600 is a good place to be forever? If you agree that that’s not a good place to be, why would you encourage importation like that when you have all it takes to get your refineries truly producing.

If they are truly serious about fighting monopoly, get Dangote to commit to a certain percentage margin after factoring costs and all and if not, you will exercise your regulatory role to curb their excesses.

Importation of the most important FX parameter is never the solution in the face of a weak currency.

Which local refinery?

They should all be privatised.

We can't be doing the same thing for 40 years , keep getting the same result.

NewDigitalWorld:
[b]Dangote refinery has 500 million litres of PMS in stock, no justification for importation – CORAN.



Source: https://nairametrics.com/2025/02/21/dangote-refinery-has-500-million-litres-of-pms-in-stock-no-justification-for-importation-coran/

If its not affordable, we won't hesitate to import cheaper product

VanuatuWycombe:


What could have led to what you just wrote now?

Tell me before I tell you further my reasons for writing that DANGOTE should reduce price more or else, I will hit you as if na train jam your mother.foka being.

You no dey look face? Why won’t you read my comment and move on? Are you DANGOTE or his spokesman?

Ko ni daada fun e ati awon to bi e lomo.

If I have PhD in ignorance, you must have been a Professor Emeritus of Nonentity.

What has international oil price got to do with him reducing price further?

Have you seen his BOM or his standard cost template? Or have you seen his pricing template? Do you think his margin is not more than 300% on CoP?

The N20 he is reducing is not up to 10% of his margin. He can still reduce it further to fight completion. At 35%, he is still doing fine. Even at 20% margin, he is good to go.

He has an advantage that importers don’t have.
I doubt if you can run a successful business in your life. Better be going to your 9 to 5 job and be collecting your guaranteed salary.

What do you know about costing or international trade than what you read online?
Bring your entire house here or to another household and I will tutor you guys on Management ing 101.

Oo ni je’re. Emi lo fe maa bûlly online. Walahi 1,000,001 of your generation unborn can’t handle me. Ko ni ra’gba fun o.

Long article without any point