NewStats: 3,264,581 , 8,184,171 topics. Date: Wednesday, 11 June 2025 at 04:07 PM 3g2m6z6z3e3g |
Marketers May Dump NNPCL As Price War With Dangote Rages (11898 Views)
SalamRushdie: 8:31am On Feb 05 |
No they wonts , marketers are scared of going against the will of the NNPC
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gabbasin(m): 8:31am On Feb 05 |
koladata:even if we have one million refineries, crude oil price will still be major determinant of petrol prices 1 Like |
zikter(m): 8:36am On Feb 05 |
gabbasin:That is what many people don't understand. I don't even see the adjustment in rice by Dangote as a price war with anybody. Since crude prices have dropped by 4 dollars, it is only natural for the price of PMS to drop as well. Once crude prices and the exchange rate goes up, prices will be adjusted to suit the prevailing forces as well 3 Likes |
sonofthunder: 8:36am On Feb 05 |
omowolewa: There's no price war. Besides NNPC retail stations will still be selling cheaper. |
Proudlyngwa(m): 8:47am On Feb 05 |
Adullam001: That is the beauty of competition. The customer is king. What we need now is proper regulation to ensure that what we pay for is actually what we get. 1 Like |
ceejay80s(m): 8:47am On Feb 05 |
cenaman:U forgot bua cement came after dangote cement, Did the price crash? 2 Likes |
Chetas81(m): 8:50am On Feb 05 |
This only happened to sick people living in sick nation, your idea of democracy will finish all of you, i want trump to pursue all the black aliens living in america, back to Africa country,
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Obaaderemi2: 8:55am On Feb 05 |
Isokoboy:That's still competition |
femie21(m): 8:58am On Feb 05 |
Hmmm
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survival1(m): 9:00am On Feb 05 |
My take is that I hope Dangote is not trying to force most marketers out of business and later increases the price as he likes. This was how he frustrated other cement manufacturer and marketers out of the cement business and now he's controlling the price of cement as he likes.
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Gboss247(m): 9:05am On Feb 05 |
pinkyruledworld:daydreaming continues! |
CodeTemplar: 9:05am On Feb 05 |
“NNPCL was the one dictating price for all the majors at that time because of public outcry and they used to buy, till Dangote came in. They also wanted to do the same thing with Dangote to fix the price but the arrangement didn’t work because Dangote wanted to sell to everyone. Its price was better and independent marketers could buy directly.not surprised as to to the identity of the actual monopolistic lot. They labelled Dangote but price war has a way of leveling the playing field. |
Gboss247(m): 9:06am On Feb 05 |
koladata:If you like have 1 billion oil refineries, the prices of petroleum products in Nigeria is determined by value naira which is also determined by the CBN and CBN is determined Aso Rock which in turn is determined by INEC. 1 Like |
Gboss247(m): 9:08am On Feb 05 |
Isokoboy:Which loss, the same importing petrol between €1.7 to €2 from Belgium and demanding under-recovery cost from the federal government |
micflo28(m): 9:09am On Feb 05 |
We need more private refineries.
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Gboss247(m): 9:10am On Feb 05 |
COMPAQ:An average Nigerian operates by emotions which the political and media community utilizes effectively to maximize profits. |
Gboss247(m): 9:10am On Feb 05 |
Kingray10:Keep deceiving yourself with price war |
Gboss247(m): 9:12am On Feb 05 |
zikter:Logical reasoning is rocket science for an average Nigerian 1 Like |
Gboss247(m): 9:15am On Feb 05 |
Obaaderemi2:When you wake from your dreams, oil prices reduced in the international market with FG defending naira leading to naira appreciation with petrol importers receiving secret subsidy heavily. |
ajepako(f): 9:20am On Feb 05 |
As long as the price is still higher than what most Nigerians can afford leading notable reduction in prices of essentials like food, Then, this is bullshit! QED |
motta(m): 9:59am On Feb 05 |
cenaman:so we heard before dangote started... Enupo |
emperor103: 10:02am On Feb 05 |
competition is what drives business, NNPCL has long enjoyed monopoly. more investors are needed in this industry pls
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Ojuntana: 10:02am On Feb 05 |
![]() ![]() I thought NNPCL refineries are working |
MrDoGood(m): 10:05am On Feb 05 |
Emekus999(m): 10:06am On Feb 05 |
Price of fuel will come down to 500
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daveP(m): 10:09am On Feb 05 |
Dangote is playing the saint card and people will be happy cos it looks like he reps their interests, which isn't a lie. These greedy marketers had all decade long to play this Dangote role but they're so myopic and greedy that all they reason about is fat pockets. Nobody loves a monopolist. But if one of them had done this years ago, dangote will have stiffer competition today. But he just arrived the scene and is King already. Do i really blame him? A little The clowns called marketers don't think beyond their noses really. |
nickxtra(m): 10:25am On Feb 05 |
cenaman:The same way Bua cement crashed the price of cement? Be dreaming |
Mohisah: 10:25am On Feb 05 |
koladata:500 at once or bit-by-bit? Everything na slowly. Building refinery no be like fuel station o |
Mohisah: 10:31am On Feb 05 |
COMPAQ:50 naira times 75 litres =?? That's like saving 5 liters cost |
Obaaderemi2: 10:32am On Feb 05 |
Gboss247:This is not clear, Oga. |
eniteden(m): 10:41am On Feb 05 |
This is the kind of news I love to hear ![]() Goodness. |
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