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Dangote Lowers Petrol Loading Cost To ₦‎815/Litre - Politics (2) - Nairaland 53693o

Dangote Lowers Petrol Loading Cost To ₦‎815/Litre (20694 Views)

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wellmax(m): 6:09am On Mar 14
Bobloco:
The excitement and euphoria of being sworn in as Nigeria's president overtook Tinubu’s reasoning, which led him to make that thoughtless statement: 'subsidy is gone.'

That thoughtless statement, followed by the floating of the naira, brought untold hardships on Nigerians, and this country will never recover from it.

Subsidy removal was supposed to be a gradual process, ensuring first that our refineries were operational and implementing measures to mitigate its effects on Nigerians.

There was no justification for the price of petrol to rise from below ₦200 to over ₦1,350 per liter in such a short time.

It was pure wickedness and draconian by the Tinubu regime in the way it handled the subsidy removal and floating of the naira.

If Dangote Refinery and other refineries were operational before the subsidy removal, the price of petrol wouldn't have gone beyond ₦400 per liter, and transportation costs, food prices, goods, and services wouldn’t have skyrocketed to the extent that they have

Suspending subsidy and stabilising the forex exchange are steps every right minded politician knows needed to be done. but no one had the courage.

Tinubu had the courage and has done it once and for all. Why postpone a needed change.

You think Dangote will sell at N167, or you suggest we pay subsidy to Dangote too? `will that change anything?

God bless Tinubu for his courage

5 Likes

advanceDNA: 6:13am On Mar 14
lionshare:
Let the competition continue—Dangote should eliminate all these importers by dropping the price to N650. That way, the importers will have no choice but to buy from him until it becomes cheaper to import. smiley

U don't know how evil these pple are.....their progress is based on Nigerians sufferings....they will rather bomb dangote refinery to the ground than end their importation and fuel subsidy collection

2 Likes 3 Shares

Helloworld123: 6:16am On Mar 14
BrightFuture48:

Exactly but for greediness and selfishness he decided to be selling fuel above what is normal.

We all rejoice when is refinery is coming on stream thinking that it will lessen the price because that would have eliminate the overhead land cost but he choose to be selling his fuel above 1k initially. This is part what prompted FG to resume import fuel to break the monopoly and God bless them for it.

Like you said, selling for 650 or less would have discouraged fuel importing totally but his greediness and capitalist intent wouldn't allow him, just want to milk people dry. I pray more refinery or modular refinery come on stream to challenge his Monopoly, that will be absolute better for we masses. Imagine having only MTN as only license telecom carrier, you will agree with me, many wouldn't have be able to afford even Sim card or phone by now. I pray FG get it right in downstream sector also.

My brother, that's a private business. They have financial projections. Investors want to recoup their monies while they are still alive. Dangote would have pushed his competitors out of business if it wasn't NNPC he's doing this with.

1 Like

Adeyinka123: 6:20am On Mar 14
GOD BLESS TINUBU FOR TAKING A HARD DECISION FIR NIGERIANS. I SEE A GREAT FUTURE FOR OUR CHILDREN. LET THE COMPETITION CONTINUE 💃💃💃💃💃

1 Like

Bobloco: 6:21am On Mar 14
wellmax:


Suspending subsidy and stabilising the forex exchange are steps every right minded politician knows needed to be done. but no one had the courage.

Tinubu had the courage and has done it once and for all. Why postpone a needed change.

You think Dangote will sell at N167, or you suggest we pay subsidy to Dangote too? `will that change anything?

God bless Tinubu for his courage

It has absolutely nothing to do with courage. It is a lack of planning and wickedness.

It is pure wickedness to subject Nigerians to such hardships.

Subsidy removal was supposed to be a gradual but sustained process.

Worldwide, that's how things are done.

I know very well that the price wasn't going to remain at ₦165 per liter; it would have risen to something around ₦400, but not over ₦1,350 in such a short time, inflicting untold hardships on Nigerians.

1 Like

belikewater: 6:23am On Mar 14
Most people just dey yarn rubbish above, if Dangote had not activated his refinery una for dey buy petrol at N2,000 per litre now. Tinubu should have waited for the refinery to be operational before removing subsidy, the real hero here is Dangote and NOT Tinubu. Sai Dangote!
slimthugchimee2(m): 6:25am On Mar 14
Odobaone:

This man can sell petrol for #650 comfortably and still run business but you see grid. Thank God for competition. Let importation and price war continue.

How did you know that? Do you produce petrol?
Bobloco: 6:30am On Mar 14
belikewater:
Most people just dey yarn rubbish above, if Dangote had not activated his refinery una for dey buy petrol at N2,000 per litre now. Tinubu should have waited for the refinery to be operational before removing subsidy, the real hero here is Dangote and NOT Tinubu. Sai Dangote!

This is what I have been saying: some folks are claiming that Tinubu should be commended for having courage. What kind of courage? Maybe courage to make thoughtless statements and inflict hardship on Nigerians is what should be commended.

Subsidy removal was supposed to come after the refineries had been activated and started producing fuel.

5 Likes 1 Share

EXOUSIAng: 6:34am On Mar 14
Sheuns:


We won’t have more refineries in the future.

The one we have sources majority of its crude from overseas.

You mean BUA and others will are just spending billions of dollars to build refineries that they won't use....

Are you sure you know anything about business?

India has the largest refinery in the world, but they don't have a drop of crude oil.
Ignorance will kill some of you before hunger

6 Likes 2 Shares

ViceGovernor: 6:35am On Mar 14
The pressing of the neck of Nigeria national petroleum cabal (NNPC) will continue.
God bless Tafida and make him bigger.

1 Like

anonimi: 6:37am On Mar 14
EXOUSIAng:
Jagaban na weyrey.
Now Obidients will understand what it means to let market forces control price.

In a few years we will have more refineries and they will be scrambling for supply, prices will crash.

He truly removed subsidy to protect the future of our children

Why did he and Fayemi play politics during the 2012 Ojota fuel deregulation protests, using Buhari's 2011 running mate? That was the year Tinubu described Buhari as expired.

How much do you think petrol would cost now, 13 years after, if APC did not play with our economic wellbeing back then

Omooba77:
…says Nigeria experienced economic development during Jonathan’s istration

A former Governor of Ekiti State, Dr. Kayode Fayemi, on Tuesday, said the protest that trailed the fuel subsidy removal during the istration of President Goodluck Jonathan in 2012 was due to political interests.

Fayemi said this in his keynote address delivered at a national dialogue organised to celebrate the 60th birthday celebration of the founding National Secretary of Alliance for Democracy and Fellow, Abuja School of Social and Political Thought, Professor Udenta Udenta in Abuja.

The programme was attended by Jonathan, former Minister of Education, Dr. Oby Ezekwesili; former Minister of Aviation, Osita Chidoka, among others.

The PUNCH reports that on January 1, 2012, President Goodluck announced the removal of fuel subsidy and adjusted the pump price of petrol from N65 per litre to N141.

The decision sparked mass protests, tagged ‘Occupy Nigeria’ across major cities of the country.

The price was later re-adjusted to N97, after more than a week of protests.

Petrol price was later reduced to N87 in 2015.

Jonathan faced serious backlash for the fuel price adjustment, especially from leaders of the All Progressives Congress, who were then in different opposition parties, including the defunct Action Congress of Nigeria, Congress for Progressives Congress, All Nigeria Peoples Party, and All Progressive Grand Alliance.

https://punchng.com/breaking-fuel-subsidy-we-played-politics-with-2012-occupy-nigeria-fayemi/

2 Likes 2 Shares

ivandragon: 6:37am On Mar 14
For the current socio-economic realities, PMS should not be more than N400 per litre.

1 Like

nnewsnjobs: 6:47am On Mar 14
It should continue going down until it gets to #500 per liter.

Dangote should do the needful and reduce it further.

Oil marketers/importers should keep their import license with them and be ready to import fuel in case Dangote want to do otherwise and start increasing price.

Anything to favour Nigerian masses is what we want.

1 Like

pimplucious: 6:51am On Mar 14
lionshare:
Let the competition continue—Dangote should eliminate all these importers by dropping the price to N650. That way, the importers will have no choice but to buy from him until it becomes cheaper to import. smiley

I’m sure he will do that eventually when competition becomes very stiff. Doing so now will hurt his profit inflow.

At the moment, he’s leveraging on current high price to rake in profit the checkmate move will come soon.

1 Like

Daddyk87(m): 6:51am On Mar 14
EXOUSIAng:
Jagaban na weyrey.
Now Obidients will understand what it means to let market forces control price.

In a few years we will have more refineries and they will be scrambling for supply, prices will crash.

He truly removed subsidy to protect the future of our children


Na them be this.....

This donkey thinks anyone who has a different opinion is Yoruba.
Your hate for the Yoruba tribe has ruptured your brain. If we check your location now, you will be in one of the south western states jumping bus to do something evil so you can go back to the village and south Odogwu in December.
Animals
no be every argument you go bring AK-47 na.
Stop cooking somebody son.
His brain is still developing

1 Like

Bosman17: 6:52am On Mar 14
Bobloco:
The excitement and euphoria of being sworn in as Nigeria's president overtook Tinubu’s reasoning, which led him to make that thoughtless statement: 'subsidy is gone.'

That thoughtless statement, followed by the floating of the naira, brought untold hardships on Nigerians, and this country will never recover from it.

Subsidy removal was supposed to be a gradual process, ensuring first that our refineries were operational and implementing measures to mitigate its effects on Nigerians.

There was no justification for the price of petrol to rise from below ₦200 to over ₦1,350 per liter in such a short time.

It was pure wickedness and draconian by the Tinubu regime in the way it handled the subsidy removal and floating of the naira.

If Dangote Refinery and other refineries were operational before the subsidy removal, the price of petrol wouldn't have gone beyond ₦400 per liter, and transportation costs, food prices, goods, and services wouldn’t have skyrocketed to the extent that they have

I don’t know how old you are but you typed like a child… how many years have we been trying to make our refineries operational? Doesn’t that tell you internal saboteurs and the main beneficiaries of the subsidy won’t let that happen? The best thing to happen to Nigeria is complete subsidy removal. I wish we allowed GEJ remove subsidy in 2012… by now we would have moved past this stage. However, the next best time to correct a wrong is now and I’m happy that has been done!

4 Likes

valuedammy(m): 6:53am On Mar 14
When this Dangote go start to retaliate ehn, we go hear am 😂😂😂

I no trust that Man.

1 Like

Daddyk87(m): 6:54am On Mar 14
Bobloco:
The excitement and euphoria of being sworn in as Nigeria's president overtook Tinubu’s reasoning, which led him to make that thoughtless statement: 'subsidy is gone.'

That thoughtless statement, followed by the floating of the naira, brought untold hardships on Nigerians, and this country will never recover from it.

Subsidy removal was supposed to be a gradual process, ensuring first that our refineries were operational and implementing measures to mitigate its effects on Nigerians.

There was no justification for the price of petrol to rise from below ₦200 to over ₦1,350 per liter in such a short time.

It was pure wickedness and draconian by the Tinubu regime in the way it handled the subsidy removal and floating of the naira.

If Dangote Refinery and other refineries were operational before the subsidy removal, the price of petrol wouldn't have gone beyond ₦400 per liter, and transportation costs, food prices, goods, and services wouldn’t have skyrocketed to the extent that they have
you favourite candidate said " I can assure you subsidy will go immediately, I won't allow it for a day"
In another interview he said " subsidy is organised crime"

2 Likes

id4sho(m): 6:55am On Mar 14
lionshare:
Let the competition continue—Dangote should eliminate all these importers by dropping the price to N650. That way, the importers will have no choice but to buy from him until it becomes cheaper to import. smiley

Not possible, all refineries buy crude oil grade same price 🤷
HenryWilliams(m): 7:00am On Mar 14
Reduced price to N815 yet fuel is still sold for 860 in MRS and over 950 in Mobil and Total.
What's going on?
Transport fares haven't dropped at all.
So what's the benefit?
Bosman17: 7:01am On Mar 14
Bobloco:


This is what I have been saying: some folks are claiming that Tinubu should be commended for having courage. What kind of courage? Maybe courage to make thoughtless statements and inflict hardship on Nigerians is what should be commended.

Subsidy removal was supposed to come after the refineries had been activated and started producing fuel.

How would that have happened? See the war Dangote fought and the pressure Nigerians hipped on NNPC before allowing Dangote operate? If we were still paying subsidy, Dangote refinery won’t have seen the light of day!!! Also who are we truly subsidising? You with one car and a generator? No!!! The people smuggling out the petrol to sell to neighbouring countries are the true beneficiaries….

3 Likes

lionshare: 7:01am On Mar 14
Leonardo4:

Then when he has succeeded in eliminating them he increases the fule price at will. Just as he has done in the cement industry
Eliminating, in that context, means selling way below the landing cost of imported petrol, not eliminating imports. It’s a deregulated market; everyone should have access.
pimplucious: 7:06am On Mar 14
Daddyk87:
you favourite candidate said " I can assure you subsidy will go immediately, I won't allow it for a day"
In another interview he said " subsidy is organised crime"

And he also refuted that statement in other interview. The werey na forked tongue Mothafuka speaking from both sides.

1 Like

donself9: 7:08am On Mar 14
EXOUSIAng:
Jagaban na weyrey.
Now Obidients will understand what it means to let market forces control price.

In a few years we will have more refineries and they will be scrambling for supply, prices will crash.

He truly removed subsidy to protect the future of our children


Na them be this.....

This donkey thinks anyone who has a different opinion is Yoruba.
Your hate for the Yoruba tribe has ruptured your brain. If we check your location now, you will be in one of the south western states jumping bus to do something evil so you can go back to the village and south Odogwu in December.
Animals


Can you please shut up if you dont know, the oil sector has being deregulated before Tinubu step on Board

Whatever price reduction we are seein now has nothing to do with any Tinubu or whatever ... int'l market price is on a free fall
but they wont give credit to where it due

Should the int'l market price start going up, you will realize the market forces you see now is nothing
donself9: 7:11am On Mar 14
Odobaone:

This man can sell petrol for #650 comfortably and still run business but you see grid. Thank God for competition. Let importation and price war continue.


Dem tell you say the man go dey steal fuel, do you even understand cost price #/$ how

1 Like

SoliBayNG: 7:11am On Mar 14
BrightFuture48:

Exactly but for greediness and selfishness he decided to be selling fuel above what is normal.

We all rejoice when is refinery is coming on stream thinking that it will lessen the price because that would have eliminate the overhead land cost but he choose to be selling his fuel above 1k initially. This is part what prompted FG to resume import fuel to break the monopoly and God bless them for it.

Like you said, selling for 650 or less would have discouraged fuel importing totally but his greediness and capitalist intent wouldn't allow him, just want to milk people dry. I pray more refinery or modular refinery come on stream to challenge his Monopoly, that will be absolute better for we masses. Imagine having only MTN as only license telecom carrier, you will agree with me, many wouldn't have be able to afford even Sim card or phone by now. I pray FG get it right in downstream sector also.

Go build yours and sell for 200. Your government is selling for how much again? Instead of blaming their government, they are focusing on a private enterprise who has freedom to do what he does. Do you even know what he faced behind the scenes with Tinubu? Do you have an idea what it takes to run a business, especially in a country like Nigeria? How many people do you think will be able to pull off a refinery in a country as corrupt as Nigeria? Not everything is to be said online. All I'll say is kindly keep quiet, if you have no idea what's going on behind the scene. Try to look for who knows who to know about the behind the scenes politics
Daddyk87(m): 7:13am On Mar 14
pimplucious:


And he also refuted that statement in other interview. The werey na forked tongue Mothafuka speaking from both sides.
they are angry because the removal wasn't done by their candidate.
Every well meaning Nigeria knew he wasn't going to be easy but it's a must.
Allihamdulillah today competition is on amongst petrol marketers
Gone are those days when fuel go, never gonna come down.no more queues.
We are progressing.

1 Like

donself9: 7:13am On Mar 14
AsgardKing:
No state is owing salaries now I think.

Is there any state owing workers salaries? I'd like to know please.

Tinubu govt is owing pensioneers under pencom

baba weyrey done divert pencom money
Daddyk87(m): 7:15am On Mar 14
Bosman17:


How would that have happened? See the war Dangote fought and the pressure Nigerians hipped on NNPC before allowing Dangote operate? If we were still paying subsidy, Dangote refinery won’t have seen the light of day!!! Also who are we truly subsidising? You with one car and a generator? No!!! The people smuggling out the petrol to sell to neighbouring countries are the true beneficiaries….
allow him to rant abbegi.
One of those bitter loser.
Tinubu made the right decision

2 Likes

Agbegbaorogboye: 7:24am On Mar 14
EXOUSIAng:
Jagaban na weyrey.
Now Obidients will understand what it means to let market forces control price.

In a few years we will have more refineries and they will be scrambling for supply, prices will crash.

He truly removed subsidy to protect the future of our children


Na them be this.....

This donkey thinks anyone who has a different opinion is Yoruba.
Your hate for the Yoruba tribe has ruptured your brain. If we check your location now, you will be in one of the south western states jumping bus to do something evil so you can go back to the village and south Odogwu in December.
Animals
So why did he oppose subsidy removal in 2012
arsenal33: 7:29am On Mar 14
Bobloco:
The excitement and euphoria of being sworn in as Nigeria's president overtook Tinubu’s reasoning, which led him to make that thoughtless statement: 'subsidy is gone.'

That thoughtless statement, followed by the floating of the naira, brought untold hardships on Nigerians, and this country will never recover from it.

Subsidy removal was supposed to be a gradual process, ensuring first that our refineries were operational and implementing measures to mitigate its effects on Nigerians.

There was no justification for the price of petrol to rise from below ₦200 to over ₦1,350 per liter in such a short time.

It was pure wickedness and draconian by the Tinubu regime in the way it handled the subsidy removal and floating of the naira.

If Dangote Refinery and other refineries were operational before the subsidy removal, the price of petrol wouldn't have gone beyond ₦400 per liter, and transportation costs, food prices, goods, and services wouldn’t have skyrocketed to the extent that they have
who did you vote for? Did he promise to remove fuel subsidy immediately and devalue the Naira?

2 Likes

creativejagaban: 7:32am On Mar 14
Bobloco:
The excitement and euphoria of being sworn in as Nigeria's president overtook Tinubu’s reasoning, which led him to make that thoughtless statement: 'subsidy is gone.'

That thoughtless statement, followed by the floating of the naira, brought untold hardships on Nigerians, and this country will never recover from it.

Subsidy removal was supposed to be a gradual process, ensuring first that our refineries were operational and implementing measures to mitigate its effects on Nigerians.

There was no justification for the price of petrol to rise from below ₦200 to over ₦1,350 per liter in such a short time.

It was pure wickedness and draconian by the Tinubu regime in the way it handled the subsidy removal and floating of the naira.

If Dangote Refinery and other refineries were operational before the subsidy removal, the price of petrol wouldn't have gone beyond ₦400 per liter, and transportation costs, food prices, goods, and services wouldn’t have skyrocketed to the extent that they have

Today is one of my happiest day. A day to make sure that i.pob elements renew their lamentation. grin cheesy

My God, my single prayer is: may the following people continue to wallow in pain, hatred, wailing, bigotry, cursing and sadness:

Bobloco
Mrvitalis
Raccoon
Obi
Ezekwesilly
Nnamdi Kanu
...

May the same people continue to love el rufai, Natasha. grin grin grin

Amen
grin grin grin

We will not forget January 15, 1966.

2 Likes 1 Share

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