peleson1:
Let us wait and see if Dangote will sell fuel lower that it is now or same price.


Time to know if Dangote has always been out problem in this country or a helper.

If a litre is not sold at below N400 then I v my conclusion

mrvitalis:

First the 650 price right now is heavily subsidised price

Petrol should be 1100 per litre minimum and that's the lowest he can go

cadmanspize:
Dangote will sale to us the locally sourced, rifined & distributed product at same price with the ones shipped to&fro british rifinery while their online dogs goes to every corners of internet to justify such dastardly act while trying to make sense out of nonsense!

lexylaw40:
Please is Dangote the owner of the crude or Nigeria. Its confusing. A Refinery is just a plant and Nigeria is the owner of the crude. So the Refinery gets crude supply from Nigeria and Nigeria pays the Refinery for work done period.

But before we sell crude to the USA and then we go back to them to buy finished products from their oil dealers, subsidies the cost of shipping and sell here.

Now we simply take it to Dangote to help us refine it and pay for work done.

So if I'm wrong please educate me on the agreement we have with the plant ( Dangote Refinery)

peleson1:


Let him shut his refinery down


We no dey gree..

Below N400

Shikina

peleson1:
Let us wait and see if Dangote will sell fuel lower that it is now or same price.


Time to know if Dangote has always been out problem in this country or a helper.

If a litre is not sold at below N400 then I v my conclusion

peleson1:
Let us wait and see if Dangote will sell fuel lower that it is now or same price.


Time to know if Dangote has always been out problem in this country or a helper.

If a litre is not sold at below N400 then I v my conclusion

lexylaw40:
Please is Dangote the owner of the crude or Nigeria. Its confusing. A Refinery is just a plant and Nigeria is the owner of the crude. So the Refinery gets crude supply from Nigeria and Nigeria pays the Refinery for work done period.

But before we sell crude to the USA and then we go back to them to buy finished products from their oil dealers, subsidies the cost of shipping and sell here.

Now we simply take it to Dangote to help us refine it and pay for work done.

So if I'm wrong please educate me on the agreement we have with the plant ( Dangote Refinery)

peleson1:
Let us wait and see if Dangote will sell fuel lower that it is now or same price.


Time to know if Dangote has always been out problem in this country or a helper.

If a litre is not sold at below N400 then I v my conclusion

9jatriot:
When the man was taking loans and sinking money into the project how much did you contribute that will make you want to dictate his price for him. If he likes he puts a litre at 2k, it is his business. Dangotte does not tell you how to run your own business so do not tell him how to run his.

mrvitalis:

First the 650 price right now is heavily subsidised price

Petrol should be 1100 per litre minimum and that's the lowest he can go

BloomingDale:


Na your papa get am. Nigerians and entitlement mentality.

Lifestone:

The crude is sold to Dangote at the international price, he purchased 90% of his equipment in dollars, so he will benchmark his pricing with international price.

lexylaw40:
Please is Dangote the owner of the crude or Nigeria. Its confusing. A Refinery is just a plant and Nigeria is the owner of the crude. So the Refinery gets crude supply from Nigeria and Nigeria pays the Refinery for work done period.

But before we sell crude to the USA and then we go back to them to buy finished products from their oil dealers, subsidies the cost of shipping and sell here.

Now we simply take it to Dangote to help us refine it and pay for work done.

So if I'm wrong please educate me on the agreement we have with the plant ( Dangote Refinery)

Bobloco:


Tinubu said that Subsidy is gone

So subsidy is gone

Lifestone:

The crude is sold to Dangote at the international price, he purchased 90% of his equipment in dollars, so he will benchmark his pricing with international price.

lexylaw40:
OK, that makes sense.

But now remove cost of shipping from the USA to Nigeria ( subsidy).... so now its automatic subsidy for Nigeria , abi I'm I making sense. So think therefore all the by products will be cheaper than when we use to import , because it is the cost of transportation that's making it expensive.

So if Dangote want to sell in dollars that's fine.

We will pay him the naira equivalent because that's what's obtainable

So we won't need dollars to buy products made in Nigeria

It's a win win

peleson1:
Let us wait and see if Dangote will sell fuel lower that it is now or same price.


Time to know if Dangote has always been out problem in this country or a helper.

If a litre is not sold at below N400 then I v my conclusion

Bobloco:


Tinubu said that Subsidy is gone

So subsidy is gone

mrvitalis:

Where Nigeria dey see petrol buy at 650 way Ghana, togo, Cameroon, Benin no dey see buy

peleson1:

Yes I contributed alot.
Infact ,every Nigerian contributed alot

Dangote did not pay import duty to Nigeria government and he got waivers for everything to the tune of over trillions of naira .

NNPC investment in Dangote is also huge

So keep ur mouth in ur pocket ok

peleson1:

Yes I contributed alot.
Infact ,every Nigerian contributed alot

Dangote did not pay import duty to Nigeria government and he got waivers for everything to the tune of over trillions of naira .

NNPC investment in Dangote is also huge

So keep ur mouth in ur pocket ok

Ttipsy:
did he get oil supply for free?
That should be the question

tollyboy5:

You did not contribute anything. Dangote is not your father neither did you vote for dangote.
He's just a smart ass business man

9jatriot:
When Costraris got import wavers from import whatever items he got import wavers under GEJ from NOI, did you dictate to him what prices he should sell whatever he was selling.
Dangotte will sell at whatever price he deems fit. PMS is now regulated. If you peleson1 wants to sell his own at 200 naira, it is deregulated, you can sell at that price. If the factory price of Dangotte is at 2000 naira, your trucks can go and buy from somewhere else.

Now back to waivers, what waivers are you talking about? Or is it the fraudulent deals Meffy was doing you are calling waivers?

peleson1:


Novice talking.

Do u understand energy economics?


Toy boy

Lifestone:

We will have to pay in dollars. But maybe crude swap, so we may not pay physical cash, but it's still in dollars. Also because Dangote is in Nigeria it will not affect external reserves, the dollar belongs to him, but it's counted as pert of Nigeria external reserves.
I agree with you that the cost of transportation and insurance should bring the cost down, but how significant is that? Not very significant
More importantly, it will remove those inflated the volume of imported fuel