NewStats: 3,263,683 , 8,181,019 topics. Date: Saturday, 07 June 2025 at 10:00 AM 565h55

zikter:
We know that, Dangote entered the diesel market and the price reduced. Please, you can also build a refinery to break the so called Dangote monopoly. After all, this same reports states that, 8 refineries are ready to start. Do they all belong to Dangote? In the cement market, why is Bua or Larfage not selling cement to us at 2,000 naira? Is Dangote the one setting the price for them? Let them sell it at that price and let's see if Dangote can still be in the market. The word MONOPOLY is indeed abused in Nigeria

The diesel never reduce.. The price was technically increased to around 1700 few months to dangote supply ... Don't be fooled ..they know what they are doing ... The fuel price around the world is around 1200 per litte unsubsidized.. now they have created technical scarcity to jerk up fuel price to 900 to 1000 per litre ... When dangote start producing fuel it will now drop to 600 and everyone will be happy that fuel Drop to 600 because of dangote ....

REDshouse:


The diesel never reduce.. The price was technically increased to around 1700 few months to dangote supply ... Don't be fooled ..they know what they are doing ... The fuel price around the world is around 1200 per litte unsubsidized.. now they have created technical scarcity to jerk up fuel price to 900 to 1000 per litre ... When dangote start producing fuel it will now drop to 600 and everyone will be happy that fuel Drop to 600 because of dangote ....

Who are the they you are talking about please? Is it the Nnpc cabal that doesn't want the dangote or any local refinery to work? Please I don't understand you. As far as the evidence in the public space is concerned, there are people who want to continue importation for their selfish aim. Dangote is complaining bitterly and here you are insinuating Dangote is in cohort with them

loswhite:
Why waste your time on that senseless idiot. If NNPCL fixed our refineries by now where will the monopoly come from?

Don't mind them. They will just be talking any how

Blakjewelry:

There is no he is going to sell cheap except the price dollar comes down. You don't expect him to buy at international rate and sell below international rate. The only benefit is reduced cost due to the fact you won't incur shipping and other fee at the port.

The other option is for government to sell the crude at a cheaper to him which is not a good idea because he is definitely go to export some of the products and if he exports the product he got at a subsidized rate, it big win for him.

The major reason we are ing it ,is it importance and effect it will have on the economy

A government that means well for the citizens would sell or ration/sell crude in Naira made only for consumption by the citizens and maybe sell in other denomination for the products made for exportation

I believe this is what the Russians do.

I dont understand this.

chinex11:
crude oil production, they actually process the oil after extraction. Its after the processing that we can now call the produce crude oil

Love800:
I dont understand this.

REDshouse:
Even if they supply dangote all needed crude for his refinery it will never reduce the price of fuel ... Ask dangote cement and flour ... No matter what it will always go higher after monopolizing the market ... I won't cry for any dangote ... Let him hustle his way out ...

Thinking is a big difficult for you people.

What's the rate of dollar to naira? You want Dangote to buy high and sell low?

Well, diesel was almost 1900 when Dangote started producing, it's now around 1,180 naira now. Dangote's effect. PMS is around 900 now and the landing cost of a litre is 1,070, if you take freight away, Dangote should bring it down to 500 because government is still paying subsidy.

BALLOSKI:
Thinking is a big difficult for you people.

What's the rate of dollar to naira? You want Dangote to buy high and sell low?

Well, diesel was almost 1900 when Dangote started producing, it's now around 1,180 naira now. Dangote's effect. PMS is around 900 now and the landing cost of a litre is 1,070, if you take freight away, Dangote should bring it down to 500 because government is still paying subsidy.

then since dangote won't reduce fuel price then wat is all these fuse about dangote this dangote that

skywalker240:

A government that means well for the citizens would sell or ration/sell crude in Naira made only for consumption by the citizens and maybe sell in other denomination for the products made for exportation

I believe this is what the Russians do.

The thing is even if they are going to sell the crude in Naira, it is going to be sold at the daily rate of crude oil price converted to the equivalent price in Naira for that day so he will still be buying at international price.

Wonderful!
Thanks so much.

chinex11:

REDshouse:
then since dangote won't reduce fuel price then wat is all these fuse about dangote this dangote that

That's why I said thinking is difficult for you.