Dangote Petrol: Fuel Prices Not About To Go Down – Analyst

Federal government should sell crude oil at lower price to Dangote than Dangote should sell at lower price to public's

רק בישראל מדינה 500km$134⁹אוסלו.

Let one person should be importing simple

😂😂 this is a gangup against naijas..let Dangote bring his production costs sheets for us to estimate fuel cost for him

Oil related products all of which can be produced by a single refinery accounts for 33% of our forex spend. Ordinarily this should relieve pressures on our forex reserves. I was shocked about how you kept dancing around manufactured goods and ignored this. Manufactured goods you're looking at will compose of hundreds if not thousands of varying products. The problem is because crude oil is bought in naira, the expense profile of the oil extraction companies will determine if this will have a positive impact on the foreign reserves. If their operations and repatration of profits is highly exposed to USD, they will simply use the Naira Dangote pays for crude oil to increase demand for forex from the other end depressing the reserves.

Everybody will be buying panadol lol

Paracetamol = E go touch everybody lol Ire o

It’s Nigeria if the needs full is done in the past this should be part of any discussion

This is a blatant lie from the analysis.If the price of crude oil can come down due to market force, why not that of premium oil.

Present crude oil price (max.) = 78.62 USD per barrel
Crude oil price per litre = 809.73 NGN @1637.59
Same oil that will extract other by-products like
gas, premium oil diesel, kerosene, jet fuel, fertiliser, wax, asphalt etc.
Then, how much is the final product (petrol) out of the several by-products.
This is the question that need sincere answer from the analysis.

30% "just one little way to look at it" 😂

What a corrupt country is this using inderact to hinder people

All the drama watched on PMS was staged to raise the price of the local refined product. The director is the government.

this is good

God will help us

Let something be done please

If we magically start manufacturing finished goods today, some persons will come up and give reasons why the dollars will still appreciate against the naira

We should discuss the exchange rate of our currency, the Naira to the USD. The Act establishing CBN allows it to manage the exchange rate and not float it.
The bulk of our USD requirements, as individuals, companies, and government – both State and Federal, when petroleum products import is removed, is for consumption.

THE ISSUES:
1. Forex requirements for sending kids to study abroad by those who actually benefitted from qualitative and sound public schools in Nigeria, and have now destroyed our education;
2. Insane desires for anything foreign-made instead of developing our manufacturing hubs and the abundant talents available all over Nigeria;
3. Bloated government establishments and their attendant duplication of functions – if any.
4. A generation of entitled youths whose parents brought up not to know there is something called virtues and legacy. For example, their parents hiring mercenaries to write exams for them;
5. Crass Religiosity instead of Spirituality,
6. Greed – that has no equals elsewhere – at all levels,
7. Nepotism
8. LACK OF ELECTRICITY.

SUGGESTED SOLUTIONS:
1. The immediate management of the Naira exchange rate to other currencies to reflect the coming on-stream of the Dangote refinery and the availability of petroleum products locally.
In other climes, the news alone will immediately lead to the appreciation of the local currency. More so, with about 40% of forex requirements for petroleum imports no longer needed.
2. Produce what you consume; consume what you produce.
3. Implement Oransanye Report.
4. Disciplined parents to train disciplined children
5. Hard work should be encouraged and rewarded,
6. Contentment: Vanity upon vanity, all is vanity
7. Nigeria is a gas-producing nation and we are also situated in the tropics. Therefore, we have no business with a lack of energy – in this case, Electricity. Put all our endowments to great use.

CONCLUSION:
A lower exchange rate will AUTOMATICALLY lead to lower product pricing at the pumps. A better quality of life is guaranteed.
Majority, and if not all, of the people in leadership positions today – at all levels – in Nigeria, benefitted from government-funded educational institutions and other establishments. Please show gratitude, check your ways, and bequest the same, if you cannot do better, to this generation.

GOD BLESS MY BELOVED COUNTRY, NIGERIA.

Isaac AKINFIRESOYE

Long!!!!,,,,long grammer,,,, ,MNK in dss is a big chain on the nigeria two legs, BIAFRA RESTORATION IS THE ONLY SOLUTION!!!!.

Let Dangote give a breakdown of how he came about his pricing!

😮

But Dangote group has debunked the announced price of 898

Furthermore, if Nigerian government subsidise the sell of crude to Dangote to refine product to resell back to Nigerian at a low affordable price does not mean Nigerian government is loosing forex or loosing opec quota for crude export, because first of all Government is selling to Dangote in Naira and the sell of crude to Dangote for domestic uses is not considered export of crude so it should not affect opec quota of crude for Nigeria, beside Nigeria have not reach opec export quota yet!

Do you know the pressure these apc dictator regime has put on mr dangote and its refinery
The man can't speak out for some reason… . and he's confused 😕

Much Ado about nothing! Same of same price still up ! Will panadol do it?