NewStats: 3,261,795 , 8,175,180 topics. Date: Friday, 30 May 2025 at 03:02 PM 5s151t

That’s what everyone is saying.

It’s a pity though

CodexiveZee:


In of cements he is yet to give him a run for his money, how do you then think it will be different in the Oil sector. They will do it together as they are doing in the cement industry

Make he dey reduce cement price also na.

ambale:
Yet, transport no come down,. God abeg which kind thing we just go put hand for in this country sef

ambale:
Yet, transport no come down,. God abeg which kind thing we just go put hand for in this country sef

Nigerians are wicked they will never bring T-fare useless people.

treesun:

[/b]
https://www.vanguardngr.com/2025/04/breaking-again-dangote-refinery-reduces-petrol-price-by-3-5-to-n835-per-litre/

Very good news.. we hope for further reductions spon

Eraddray:
that's for u to knw that naturally.... we're not good ppl in this country....it's not about our government alone

Very unfortunate

ambale:
Yet, transport no come down,. God abeg which kind thing we just go put hand for in this country sef

Why is the minister of public road transportation not doing something about.

Am telling you o, took the words right outta my mouth

b0rn2fuck:
All these mumu increasing and decrea and down

Transportation need to be address because if govt put in #1to fuel authomatic the duel for that day will Increases image removing this amount from fuel and yet they couldn't resuced transport

treesun:

[/b]
https://www.vanguardngr.com/2025/04/breaking-again-dangote-refinery-reduces-petrol-price-by-3-5-to-n835-per-litre/

with such price a litre shouldn't be more than 700

dollypi:
I’m just waiting for BUA refinery to come online and give Dangote a run for his money.

That’s when the real market forces will come into play.

Let the masses breathe.

keep dreaming

koning:



Did BUA do that with cement?

Wishful thinking. N10,000 for a bag of cement is outrageous. More players have to get involved in Cement production or even importation first. Create a level playing ground for all.

When you both are tired of dreaming, the cheapest cement is the one you currently buying. When the next election comes, vote tribe and religion.

sparko1:


This is actually still very high, by now we should be close to 600 naira considering the price of crude oil.

Lower oil price means higher price of petrol for Nigerians, dividend of oil dependency.

Bimpe29:
Is like market force is in force now

Market forces of borrowing loans to defend the naira

blacksam01:


It is not market forces... It's competition in open market

Competition of using loans from AfDB, Afreximbank Chinese Eximbank, World Bank etc to defend the naira.

Godfullsam:


With the price of crude oil in the global market, the price of fuel should not be up to 700/litre.

Oga, let use our common senses.
Nigeria is an oil dependent economy with over 230 million people who depends on selling to earn forex and imports what they want.
Now, lower oil prices reduces forex inflow into Nigeria which creates more demand on the dollars and depreciating which leads to price increment.

Kingbuhari:
Dangote control price of fuel in Nigeria... God who do is this thing

religion! religion!! religion!!!

commoditiesnig:

Very good news.. we hope for further reductions spon

Keep hoping

Gboss247:
Competition of using loans from AfDB, Afreximbank Chinese Eximbank, World Bank etc to defend the naira.

U are not making a good analysis.... Come on board with economics analysis....

AndSunGorilla:

Why is the minister of public road transportation not doing something about.

Every sane person knows that the price reduction is a response to naira appreciation after the FG borrowed over $1 billion loan from World Bank to defend the naira and will last long.

blacksam01:


U are not making a good analysis.... Come on board with economics analysis....

You that is making good economics analysis thinks the price of a commodity is the determined by the number of producers abi?

Gboss247:
You that is making good economics analysis thinks the price of a commodity is the determined by the number of producers abi?

Did u see the retailers sramble for lower price of fuel at the station..? So which demand are u talking about.. is the price of fuel not same since DAngote reduced the first time not to talk of the second time.. this should show u that demand is inelastic...

So why then are the producers jostling to out do themselves in a price war whereas demand for PMs is inelastic..?

That is simply because of public image and competition, not market forces...

Hope u get..?

No vex na

Gboss247:
keep dreaming

[quote author=blacksam01 post=135020973]

Did u see the retailers sramble for lower price of fuel at the station..? So which demand are u talking about.. is the price of fuel not same since DAngote reduced the first time not to talk of the second time.. this should show u that demand is inelastic...

So why then are the producers jostling to out do themselves in a price war whereas demand for PMs is inelastic..?

That is simply because of public image and competition, not market forces...

Hope u get..? [/quote/]
What is competition if I may ask?

Cromagnon:
why you no reduce price of your own commodity

Wetin me and you do sell, pxy? Abi me and you get container for high sea?

what of kero

Pootle:


let govt sell crude oil to him for free

let's get it right even at that baba no go do

ambale:
Yet, transport no come down,. God abeg which kind thing we just go put hand for in this country sef

We don enter am... only God fit save us

slimmax:


Wetin me and you do sell, pxy? Abi me and you get container for high sea?

public space

Cromagnon:
public space

Noted sir, It was just a question.

slimmax:


Noted sir, It was just a question.

no it wasn't
But, do you

Cromagnon:
no it wasn't
But, do you

Like you said "public space", don't say much about mesef here