Dangote Petrol: Fuel Prices Not About To Go Down – Analyst
Dangote Petrol: Fuel Prices Not About To Go Down – Analyst
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Before the Dangote refinery how. Much was fuel per litter what good will this refinery give to the people
Federal government should sell crude oil at lower price to Dangote than Dangote should sell at lower price to public's
Petroleum and Dangote in Nigeria is so disappointed
רק בישראל מדינה 500km$134⁹אוסלו.
סבלנות נורית את אירופה
נשבית את הקפה ניהיה אם אספרו …
Let one person should be importing simple
Propaganda everywhere
😂😂 this is a gangup against naijas..let Dangote bring his production costs sheets for us to estimate fuel cost for him
This analysis is absolutely crap and incorrect. However this is one of the TV stations that is misleading the Nigerians with trolls. Less than 12hrs this analysis was released as an official communique from the Dangote refinery was released on X account of the company denying the price placed on PMS that that price is officially incorrect that Dangote refinery has never under any circumstances released any price to no one neither any media house. Nevertheless don't believe any crap coming out from this TV station if it is not verified and endorsed by the party involved. This is all politicking and misleading.
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.
Brother the most corrupt people are the federal government becos of trillions they wanted to gain .bro is will explore nigerias to troop out to protest against the feral government for not producing from the 3 refineries.both tinubu cabals and dangote know what they are doing
Everybody will be buying panadol lol
What loss is this government going to sustain when the people are enjoying their oil – the only benefit ordinary Nigerian gain in this country when the price is right. Tell me one oil producing country in the world that sells oil higher than Nigeria? not even Russia when you balance it with the minimum wage of Russia. What you see with the Dangote/NNPC/Fed government saga is the summary of what has been going on in the country since 1960 The welfare of the state and the masses are exchanged for personal interest, thievery, occultism, violence. ruthlessness, madness, ogbanjeism, mamiwaterism, and total destruction and betrayal of the common good. How much longer can we go like this?
Paracetamol = E go touch everybody lol Ire o
God bless Dangote. You have done your part. Government must not sell this fuel more than N400 a litre. For now, this should be the only thing Nigerians should be enjoying from this government. Remember that low fuel price will bring down the prices of goods in this country and as a result make life more bearable and meaningful for the people.
It’s Nigeria if the needs full is done in the past this should be part of any discussion
Excellent explanation
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.
My Advice is simple….
1.NNPC should keep on importing or even subsidise it for the mean time.
2. Dangote should Only Export his products since he claims is Expensive.
CBN ::: will now make enough money from FX Exchange from Dangote sales, which will drop dollar rate drastically.
Very simple.
30% "just one little way to look at it" 😂
NNPCL is not bringing any petro at N840/liter!
Where are you getting that figure from?
There are 132 refineries in the US (even 3 Dangote refineries won't reduce the price); this has not led to a reduction in per liter price for the consumers.
If we are getting petro per liter at an amount less than $0.70; it is being subsidized!
What a corrupt country is this using inderact to hinder people
He did it with cement… now petrol…. dangote will bruise una head .. because all the politicians in nigeria are investors in the company…. nigeria is and will always be a scam.. the more you look, less you see.
All the drama watched on PMS was staged to raise the price of the local refined product. The director is the government.
Scam
What's all the paparazzi about dangote refinery yet we will be buying fuel at a high rate
this is good
Let both Dangote and every other authorities help the comon man.
God will help us
We can't keep living like this
Let something be done please
Why is NNPC selling at that price?
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
Everybody go collect😅
Long!!!!,,,,long grammer,,,, ,MNK in dss is a big chain on the nigeria two legs, BIAFRA RESTORATION IS THE ONLY SOLUTION!!!!.
Useless analysis. Too pesmistic
Let Dangote give a breakdown of how he came about his pricing!
isn't petrol a manufactured good???
😮
Relax guys.
But Dangote group has debunked the announced price of 898
Same thing still happening still up can I go to sleep please
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!
The reason NNPC import at N840 per liter as stated by your guest is cheaper than Dangote is because it is of very bad quality petroleum and Dangote petrol product is of high quality. Please note the bad quality petrol from NNPC is not up to standard thus in order to solve the problem of affordable pricing for Nigerian people, the government should sell crude oil at a subsidise price to Dangote only for Dangote refinery to refine into different petroleum product like, diesel, petrol and jet fuel …etc and then sell at a low price for Nigerians, but the petroleum products that Dangote export, the government will not subsidise the price of crude so government will need to set up a small team to monitor subsidies crude to different petroleum products for domestic supply and export supply. In short government subsidise the sell of crude to Dangote for Nigerian needs and not subsidise crude for export. Win win for all! Tinubu should care for the needs of ordinary Nigerians, after all, aren’t the crude oil and any other natural resources in Nigeria are meant for Nigerians to enjoy and not just for the powerful Nigerians? Good governance will benefit the people first! God bless Nigeria!🙏🙏👏✌️❤️❤
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 😕
So much corruption it's not funny
Much Ado about nothing! Same of same price still up ! Will panadol do it?