NewStats: 3,261,709 , 8,174,879 topics. Date: Friday, 30 May 2025 at 09:02 AM 4x565f

Oil marketers have flooded the domestic market with 283, 577 metric tonnes of imported Motor Spirit, PMS, also known as petrol and other petroleum products.

This was even as the 650,000 Dangote Petroleum Refinery exported 44,000 metric tonnes of diesel to the global market while making preparations to receive 136,124 metric tonnes of imported crude oil for refining, weekend.

However, the imported petrol and other petroleum products were being discharged at the various depots and jetties in Lagos, Port Harcourt and Warri.

The breakdown indicated that A.A Rano took delivery of 15,000 metric tonnes of petrol at the new Oil jetty in Lagos while unnamed company took delivery of 24,000 metric tonnes of the product at Ibafon, according to Petroleum Price NG tanker position.

The tanker position indicated that another unnamed company took delivery of 10,500 metric tonnes of petrol at Menji Oil while Prudent Energy was about to receive 15,000 metric tonnes of PMS at Fatgbems.

Bovas Oil and Emadeb were awaiting clearance to discharge 10,500 metric tonnes of petrol and 20,777 metric tonnes, respectively at their jetties.
The tanker position also indicated that Bovas and A.A. Rano were also preparing to take delivery of 15,000 metric tonnes and 23,000 metric tonnes of petrol at Bovas jetty and A.A Rano jetty, respectively.

A vessel known as St Walga was expected to discharge 15,000 metric tonnes of AYM Shafa’s petrol while Matrix Triumph, another vessel was expected to arrive Matrix jetty with another 15,000 metric tonnes of the product.
Other products being discharged at the jetties included diesel,base oil and fuel oil.

Meanwhile, Dangote Petroleum Refinery exported 44,000 tonnes of diesel to the global market while making preparations to receive 136,124 tonnes of imported crude oil for refining.

While the vessel known as Popi Sazaklis was expected to discharge the crude oil, STI Meraux was “loading ex Dangote Petroleum Refinery.”
Checks by Vanguard, yesterday, indicated that operators look forward to a dynamic domestic market in the coming weeks.

Recently, the Nigerian National Petroleum Company Limited (NNPC Ltd.) and Dangote Petroleum Refinery & Petrochemicals (DPRP) pledged to deepen collaboration aimed at ensuring Nigeria’s energy security and advancing shared prosperity for Nigerians.

This commitment was made during a courtesy visit by the President/Chief Executive of Dangote Group, Mr. Aliko Dangote, and his delegation to the Group CEO of NNPC Ltd., Mr. Bashir Bayo Ojulari, and of the company’s Senior Management Team at the NNPC Towers, on Thursday.

Dangote said: “There is no competition between us, we are not here to compete with NNPC Ltd. NNPC is part and parcel of our business and we are also part of NNPC. This is an era of co-operation between the two organizations.”

In his remarks, the GCEO, Mr. Bashir Bayo Ojulari assured Dangote of a mutually beneficial partnership anchored on healthy competition and productive collaboration.

https://www.vanguardngr.com/2025/05/oil-marketers-flood-jetties-with-283-577-metric-tonnes-of-imported-petrol-others/

Is this why Dangote reduced his price?

APC is a very corrupt party
How can you have 3 refineries and your marketers are still importing fuel every month as if it is about the end
Why can't Dangote be given enough crude to refine for both local capacity and export
Now if Dangote a private player is being starved of crude, one can imagine what is going on with the NNPC refineries
Las las OBJ was right. Those refineries will never work

zero8zero:
Is this why Dangote reduced his price?

I'm loving this, since President Tinubu opened up the oil sector, it has become a chess game, a price war, call it anything. that Dangote had said on several occasions he has enough fuel to go round, therefore, there's no need for markerters importing fuel. From the article above, you will see where Dangote exported 44,000 tonnes of diesel, very sure he also exported petrol and other products as well. Meanwhile, as that was happening, the marketers ignored Dangote to go import their own petrol into the country. For me, I am neither here nor there, I don't want market monopoly, at the same time, I do not want marketers boycotting local refineries to patronize foreign refineries, I do not also want too much pressure on the dollar for fuel Importation. So, I am caught in between.
However, Dangote is a Don, from what I am observing here, he's a badass capitalist that knows his way around the market. He has warned the importers that he has enough to go round but the marketers insisted they will only buy from where it is cheaper as the market is now a free market. Dangote would then wait for them to go place an order abroad and when their petrol is on the sea, Dangote reduces his own price below the landing cost. By the time, the marketers received their products, they are left with no choice than sell it at Dangote's price. They dare not sell above the price of Dangote. With that, the marketers run into losses.
I heard them crying two months ago that the price crashes made them incur losses when Dangote again crashed the price after FG renewed the naira for crude deal. My observation so far is that Dangote is still controlling the market price and whenever the marketers decided to buy from abroad, he reduces his own price to punish them.

Economic voodoo.

The removal of petrol subsidy ought to have killed the importation of petrol in Nigeria.

PressMyButton:

I'm loving this, since President Tinubu opened up the oil sector, it has become a chess game, a price war, call it anything. that Dangote had said on several occasions he has enough fuel to go round, therefore, there's no need for markerters importing fuel. From the article above, you will see where Dangote exported 44,000 tommes of diesel, very sure he also exported petrol and other products as well. Meanwhile, as that was happening, out marketers ignored Dangote to go import their own petrol into the country. For me, I am neither here nor there, I don't want market monopoly, at the same time, I do not want marketers boycotting local refineries to patronize foreign refineries, I do not also want too much pressure on the demand for dollar for fuel Importation. So, I am caught in between.
However, Dangote is a Don, from what I am observing here, he's a badass capitalist that knows his way around the market. He has warned the importers that he has enough to go round but the marketers insisted they will only buy from where it is cheaper as the market is now a free market. Dangote would then wait for them to go place an order abroad and when their petrol is on the sea coming in, Dangote reduces his own price below the landing cost. By the time, the marketers received their products, they are left with no choice than sell it at Dangote's price. They dare not sell above the price of Dangote. With that, the marketers run into losses.
I heard them crying two months ago that the price crashes made them incur losses when Dangote crashed the price after FG renewed the naira for crude deal. My observation so far is that Dangote is still controlling the market price and whenever the marketers decided to buy from abroad, he reduces his own price to punish them.

Hmm, another angle. Dangote is trying to wipe them in line, Lol. And for real, these marketers are being dishonest. If truly they are buying it cheaper than Dangote refinery, then why are they not selling it cheaper than Dangote price?. They have never sold at lower price. They should be selling cheaper than Dangote,so that Nigerians can take them seriously. Nigerians will even their Importation if they sell cheaper than Dangote.

jmoore:
Economic voodoo.

The removal of petrol subsidy ought to have killed the importation of petrol in Nigeria.

Your education is voodoo. Subsidy removal does not automatically stop Importation anywhere in the world, it rather decentralizes the market. Even US still dey import fuel.

jmoore:
Economic voodoo.

The removal of petrol subsidy ought to have killed the importation of petrol in Nigeria.

keep embarrassing your self,you tought you were making sense but sense started making you.

Awon audio refineries….lies and propaganda to deceive gullible Agbado ers will never get anybody anywhere

.

Ok, noted.

Free energy

rinzaugustine:
Awon audio refineries….lies and propaganda to deceive gullible Agbado ers will never get anybody anywhere

Don't mind them..Tinubu is a grand master of propaganda and lies. Only dangote is their husband right now. Marketers would have done us shege pro max. By now, petrol would have hit 1,500.

Where are the refineries ? . Ati blending facility oo, ati real refineries oo, nothing is being heard, same way Tinubu deceived many that he's the architect of modern lagos and gullible Nigerians fell for it, but Nigeria became 4th largest economy in africa under his watch, from first position.

Where are those drooling over phc refineries-turn blending facility months back ? Nigerians are the easiest people to deceive on earth. Imagine, they turned dangote their enemy instead of thanking him for saving them from modern slave masters

These guys are helping keep Dangote's exploitative tendencies in check.

zero8zero:
Is this why Dangote reduced his price?

Is this why ebilokan the petroleum minister stole billions for repairing PH and Warri refineries that have failed to produce fuel hence why imports are continuing

PressMyButton:

I'm loving this, since President Tinubu opened up the oil sector, it has become a chess game, a price war, call it anything. that Dangote had said on several occasions he has enough fuel to go round, therefore, there's no need for markerters importing fuel. From the article above, you will see where Dangote exported 44,000 tonnes of diesel, very sure he also exported petrol and other products as well. Meanwhile, as that was happening, the marketers ignored Dangote to go import their own petrol into the country. For me, I am neither here nor there, I don't want market monopoly, at the same time, I do not want marketers boycotting local refineries to patronize foreign refineries, I do not also want too much pressure on the dollar for fuel Importation. So, I am caught in between.
However, Dangote is a Don, from what I am observing here, he's a badass capitalist that knows his way around the market. He has warned the importers that he has enough to go round but the marketers insisted they will only buy from where it is cheaper as the market is now a free market. Dangote would then wait for them to go place an order abroad and when their petrol is on the sea, Dangote reduces his own price below the landing cost. By the time, the marketers received their products, they are left with no choice than sell it at Dangote's price. They dare not sell above the price of Dangote. With that, the marketers run into losses.
I heard them crying two months ago that the price crashes made them incur losses when Dangote again crashed the price after FG renewed the naira for crude deal. My observation so far is that Dangote is still controlling the market price and whenever the marketers decided to buy from abroad, he reduces his own price to punish them.

They have refineries abroad, they won't allow it die easily. Their farm tanks in the country are almost 80% redundant.. It's struggle for survival.


-Kiss the truth!

Let the war between Oil marketers and Dangote continue as long as it favours the common man.

PressMyButton:

I'm loving this, since President Tinubu opened up the oil sector, it has become a chess game, a price war, call it anything. that Dangote had said on several occasions he has enough fuel to go round, therefore, there's no need for markerters importing fuel. From the article above, you will see where Dangote exported 44,000 tonnes of diesel, very sure he also exported petrol and other products as well. Meanwhile, as that was happening, the marketers ignored Dangote to go import their own petrol into the country. For me, I am neither here nor there, I don't want market monopoly, at the same time, I do not want marketers boycotting local refineries to patronize foreign refineries, I do not also want too much pressure on the dollar for fuel Importation. So, I am caught in between.
However, Dangote is a Don, from what I am observing here, he's a badass capitalist that knows his way around the market. He has warned the importers that he has enough to go round but the marketers insisted they will only buy from where it is cheaper as the market is now a free market. Dangote would then wait for them to go place an order abroad and when their petrol is on the sea, Dangote reduces his own price below the landing cost. By the time, the marketers received their products, they are left with no choice than sell it at Dangote's price. They dare not sell above the price of Dangote. With that, the marketers run into losses.
I heard them crying two months ago that the price crashes made them incur losses when Dangote again crashed the price after FG renewed the naira for crude deal. My observation so far is that Dangote is still controlling the market price and whenever the marketers decided to buy from abroad, he reduces his own price to punish them.

When you talk about a price crash, do you mean the price went back to the normal price it was in 2022? Because the price now is 890, I don't understand the crash you're talking about.

anonimi:


Is this why ebilokan the petroleum minister stole billions for repairing PH and Warri refineries that have failed to produce fuel hence why imports are continuing

So it is Tinubu that released $2b for rehabilitation in 2019?. May God heal your soul.

And also to give Tinubu credit when all the refineries including the news ones start functioning very soon.


-Kiss the truth!

Nigeria we hail thee ... I even saw Chinese technicians servicing some fuel dispenser in Ibadan in one of the aforementioned importer .... But I won't mention name sha because when things go south na her price and Guage dey always dey okay... In as much I consider Alhaji a friend, he should understand one day other refinery will come up too, although I understand he is not allow to enjoy his fruit as a first explorer but if look at it, it's NNPCL that are the first explorer. He should not be discourage , every business has it's risk ... even the smallest, everyone's prayers is the odds should favor us. That said DPR should ensure they limit importation, you just creating jobs for other people, and you won't allow Nigeria Banks have strong footing.

PressMyButton:

I'm loving this, since President Tinubu opened up the oil sector, it has become a chess game, a price war, call it anything. that Dangote had said on several occasions he has enough fuel to go round, therefore, there's no need for markerters importing fuel. From the article above, you will see where Dangote exported 44,000 tonnes of diesel, very sure he also exported petrol and other products as well. Meanwhile, as that was happening, the marketers ignored Dangote to go import their own petrol into the country. For me, I am neither here nor there, I don't want market monopoly, at the same time, I do not want marketers boycotting local refineries to patronize foreign refineries, I do not also want too much pressure on the dollar for fuel Importation. So, I am caught in between.
However, Dangote is a Don, from what I am observing here, he's a badass capitalist that knows his way around the market. He has warned the importers that he has enough to go round but the marketers insisted they will only buy from where it is cheaper as the market is now a free market. Dangote would then wait for them to go place an order abroad and when their petrol is on the sea, Dangote reduces his own price below the landing cost. By the time, the marketers received their products, they are left with no choice than sell it at Dangote's price. They dare not sell above the price of Dangote. With that, the marketers run into losses.
I heard them crying two months ago that the price crashes made them incur losses when Dangote again crashed the price after FG renewed the naira for crude deal. My observation so far is that Dangote is still controlling the market price and whenever the marketers decided to buy from abroad, he reduces his own price to punish them.

PressMyButton:

I'm loving this, since President Tinubu opened up the oil sector, it has become a chess game, a price war, call it anything. that Dangote had said on several occasions he has enough fuel to go round, therefore, there's no need for markerters importing fuel. From the article above, you will see where Dangote exported 44,000 tonnes of diesel, very sure he also exported petrol and other products as well. Meanwhile, as that was happening, the marketers ignored Dangote to go import their own petrol into the country. For me, I am neither here nor there, I don't want market monopoly, at the same time, I do not want marketers boycotting local refineries to patronize foreign refineries, I do not also want too much pressure on the dollar for fuel Importation. So, I am caught in between.
However, Dangote is a Don, from what I am observing here, he's a badass capitalist that knows his way around the market. He has warned the importers that he has enough to go round but the marketers insisted they will only buy from where it is cheaper as the market is now a free market. Dangote would then wait for them to go place an order abroad and when their petrol is on the sea, Dangote reduces his own price below the landing cost. By the time, the marketers received their products, they are left with no choice than sell it at Dangote's price. They dare not sell above the price of Dangote. With that, the marketers run into losses.
I heard them crying two months ago that the price crashes made them incur losses when Dangote again crashed the price after FG renewed the naira for crude deal. My observation so far is that Dangote is still controlling the market price and whenever the marketers decided to buy from abroad, he reduces his own price to punish them.

and dangote fuel is more quality! Lobatan. How I wish dangote can build enough fuelling station across the country, those marketers will go to heeeeel

Don't know if this is good or bad news

These marketers rather than buy from dangote still prefer to import inferior fuel from god knows where?

Agbegbaorogboye:
APC is a very corrupt party
How can you have 3 refineries and your marketers are still importing fuel every month as if it is about the end
Why can't Dangote be given enough crude to refine for both local capacity and export
Now if Dangote a private player is being starved of crude, one can imagine what is going on with the NNPC refineries
Las las OBJ was right. Those refineries will never work

It's called a free market.

You sabi wetin dey pain me .

Na my people get the oil, yet the people wey dey control NNPC & Oil sector no be my people.
They leech off our resources.

Na why dem dey fight Nija breaking up.
You can't run a region on Agberoism & Almajiri

PressMyButton:

I'm loving this, since President Tinubu opened up the oil sector, it has become a chess game, a price war, call it anything. that Dangote had said on several occasions he has enough fuel to go round, therefore, there's no need for markerters importing fuel. From the article above, you will see where Dangote exported 44,000 tonnes of diesel, very sure he also exported petrol and other products as well. Meanwhile, as that was happening, the marketers ignored Dangote to go import their own petrol into the country. For me, I am neither here nor there, I don't want market monopoly, at the same time, I do not want marketers boycotting local refineries to patronize foreign refineries, I do not also want too much pressure on the dollar for fuel Importation. So, I am caught in between.
However, Dangote is a Don, from what I am observing here, he's a badass capitalist that knows his way around the market. He has warned the importers that he has enough to go round but the marketers insisted they will only buy from where it is cheaper as the market is now a free market. Dangote would then wait for them to go place an order abroad and when their petrol is on the sea, Dangote reduces his own price below the landing cost. By the time, the marketers received their products, they are left with no choice than sell it at Dangote's price. They dare not sell above the price of Dangote. With that, the marketers run into losses.
I heard them crying two months ago that the price crashes made them incur losses when Dangote again crashed the price after FG renewed the naira for crude deal. My observation so far is that Dangote is still controlling the market price and whenever the marketers decided to buy from abroad, he reduces his own price to punish them.

instead of them to create a consortium to create their own refinery

zero8zero:

Your education is voodoo. Subsidy removal does not automatically stop Importation anywhere in the world, it rather decentralizes the market. Even US still dey import fuel.

Do American presidents also remove subsidy, devalue their dollar and increase taxes on their citizens just to get more luxury for themselves while the people have to fight for palliative food in the absence of promised jobs?

chisomkachy:
Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.

The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.

Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.

The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.


https://www.bloomberg.com/news/articles/2023-11-02/nigeria-budgets-for-suvs-and-yachts-amid-economic-hardship

Borrow2222:


When you talk about a price crash, do you mean the price went back to the normal price it was in 2022? Because the price now is 890, I don't understand the crash you're talking about.

Try and be reasonable Mr man

Don't be surprised the marketers are fighting for the masses. Knowing what Dangote did with cement (now sold for 11k/bag), such evil shouldn't befall PMS, which is a key driver of the Nigerian economy. If those marketers unanimously decide to hands with Dangote, the latter would wreck the economy, such that everyone would rather ride a bicycle than burn fuel.