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Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL (25426 Views)

After Promising New Petrol Price, NNPCL Moves To Make Cooking Gas Cheaper / Dangote, PH Refineries Face Crude Shortage Over Low Production – FG / Market Forces Responsible For Hike In Fuel Pump Price - NNPCL GMD, Kyari (2) (3) (4)

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Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by gimakon2(m): 8:13am On Jun 02, 2023
First an Increase in Minimum wage for Workers, then ensuring 94% stable power supply would have been good, then ensure good road transport network where commuters can have easy access to transport at fair rates, would have been better off, should they then decide to do Fuel subsidy, by then, you have solved three quarters of the citizens problems. Every Nigerian is paying everything by themselves as it stands, question is , why are we paying taxes and the need for Tax Clearance, when you cannot enjoy basic things as amenities. Tinubus Policies will give birth to a new style of Embezzlement.

What they succeeded in doing now, is bringing EndSARS part 2 to Nigeria.

Yoruba "Ronus" will not see it like this, Sense no day their head before. Shay na Peter Obi do this one?
Ozuor people.

9 Likes 2 Shares

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by infinitewriter: 8:13am On Jun 02, 2023
I ask again, what will a common Nigerian benefit from the federal government since they are running away from their responsibilities. Very soon NNPC will be privatized and it’s operation will be worse than Nepa. What a hell of a country

2 Likes

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by SmartGadgetz: 8:14am On Jun 02, 2023
Crazy country
Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by lomprico(m): 8:14am On Jun 02, 2023
Jagaban must recoup what he spent na.

Shithole country

2 Likes

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by LordAdam16: 8:14am On Jun 02, 2023
QuotaSystem:


He actually isn’t making sense.

Will the shipping, handling and other overhead costs involved in fuel importation that add up to the landing cost still apply if we’re refining locally?

Kyari should stop turning economics on its head.

Ogbeni, it will not be cheaper.

Some of our local refineries produce other petroleum products like AGO, Kerosene when they're partially operational.

They do not sell it significantly cheaper than the global market rate. Any savings go to the profit margin.

Like cement, like rice, like gasoline. Cheap gasoline is a thing of the past.

The public should insist on diverting subsidy funds to electricity generation so most people have little reason to care about gasoline prices like most people do not care about diesel prices.

-Lord

6 Likes

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by Angelfrost(m): 8:14am On Jun 02, 2023
You are not making sense sir!

If home-made products won't be cheaper, then what's the point?!!

You can just come out clean and tell the people that it won't be cheaper because you all are trying to recoup revenue at the expense of the struggling masses!

2 Likes

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by gare(f): 8:14am On Jun 02, 2023
Godszilla:


https://punchng.com/dangote-ph-refineries-others-wont-change-fuel-price-nnpcl/

That is not true Sir, we are not Cows in this Country, the reason the high selling price of the product is becuase of transportation and other logistics, which would be cut off if the produced in the country, whoever that has sent you go back and tell thm it is big lie, this people are out to feast on the masses, what kind of country is this.

2 Likes

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by Tonylyte(m): 8:15am On Jun 02, 2023
Tinubu supporters will buy lesser.

3 Likes

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by nairalanda1(m): 8:15am On Jun 02, 2023
infinitewriter:
I ask again, what will a common Nigerian benefit from the federal government since they are running away from their responsibilities. Very soon NNPC will be privatized and it’s operation will be worse than Nepa. What a hell of a country

NNPC is privatized. Since self.

Also, the discos and gencos are not working well, because government after privatization was still setting their prices.Below production cost.
Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by OgbeniOja1: 8:15am On Jun 02, 2023
Hahahahahahah

1 Like

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by Geonigga(m): 8:15am On Jun 02, 2023
This man should be properly question because he seems not to know what he is saying how can the price of a commodity produce in foreign land and the one produce locally can still be the same, in fact he is one of those behind the whole fuel saga.

4 Likes

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by jidxin(m): 8:16am On Jun 02, 2023
Shedrack777:
tinubu is a big share holder in that refinery reason he removes the subsidy
is it that you don't have senssee niii, subsidy that has been removed by buhari since... The provision was not made in the budget.
Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by SeunDAssLicker: 8:16am On Jun 02, 2023
blaise26abj:
Freight cost to and from nigeria , landing cost . Foreign refining expenses as well as taxes in the countries with the refineries . How will it not reduce?

However , I always said Dangote is no fool . He borrowed money to build the refinery . He would rather sell at the current price or higher to quickly meet his financial obligation . In fact if it is 1000 per litre the better for him . Why do you think that subsidy removal coincides with the start of his refinery ? Make we dey play dey go .

Foreign refiners are paid in crude oil %, not by cash.

The freight and landing cost will only see a N30-50 reduction in pump price. He’s just being realistic since they’re no longer seeing an avenue to continue looting via subsidies.
Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by grandstar(m): 8:16am On Jun 02, 2023
At last, those who demand that the refineries work first before the subsidy is removed will wake up.

3 Likes

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by IntelligentGoat: 8:16am On Jun 02, 2023
grin
GOD BLESS NIGERIA.
Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by Ahmed4u1: 8:16am On Jun 02, 2023
Dangote has benefited more from Nigeria than Nigeria benefited from Dangote.Thats why i hate capitalist,it an unpatriotic system that dislike the masses.

1 Like

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by lolu2019: 8:17am On Jun 02, 2023
Godszilla:


https://punchng.com/dangote-ph-refineries-others-wont-change-fuel-price-nnpcl/
it will change logistics cost.
Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by MrAmbrose(m): 8:17am On Jun 02, 2023
Don't put hope in Dangote refinery.

1 Like

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by alizma: 8:18am On Jun 02, 2023
Where would the cost of transportation go to? He just want to instigate Nigerians against the removal of subsidy.
Last week or so, marketers where talking about looking for a cheaper channel considering that Dangote refinery is coming up. If there is no cost adjustment to whether you produce locally or refine outside, why where they scared and talking about looking for cheaper channel?

2 Likes

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by Ceeogbaru2: 8:18am On Jun 02, 2023
Does it mean importation, landing, tax for the foreign countries and other expenses incurs are all audio expenses

4 Likes 1 Share

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by Nlanalyst: 8:18am On Jun 02, 2023
QuotaSystem:


He actually isn’t making sense.

Will the shipping, handling and other overhead costs involved in fuel importation that add up to the landing cost still apply if we’re refining locally?

Kyari should stop turning economics on its head.
Kyari didn't study economics, he studied geology and earth science. He may not have a single idea of how these things work.

1 Like

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by fineboynl(m): 8:19am On Jun 02, 2023
The same thing happened with local rice and foreign rice.

Local rice was worst of.
Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by alizma: 8:19am On Jun 02, 2023
Ceeogbaru2:
Does it mean importation, landing, tax for the foreign countries and other expenses incurs are all audio expenses
He needs to answer this too

1 Like

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by Alliswell248: 8:19am On Jun 02, 2023
QuotaSystem:


He actually isn’t making sense.

Will the shipping, handling and other overhead costs involved in fuel importation that add up to the landing cost still apply if we’re refining locally?

Kyari should stop turning economics on its head.

Nnpcl is now a private company same way as Dangote. No more free giveaway. Nnpcl wants to make profit, whether the product was sources locally or abroad. That is what he is saying.

1 Like

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by pikechukwu6(m): 8:19am On Jun 02, 2023
Smelly nyash will still be happy for Tinubu. It will never be well with APC. We all enjoy it period

3 Likes 2 Shares

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by tnerro1(m): 8:20am On Jun 02, 2023
Aboki man don show himself again, you are refining in Nigeria and still the price wouldn’t come down? Just tell us u want to use Nigerians fuel money to repay all the loans the last government took

1 Like

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by Minjim: 8:21am On Jun 02, 2023
dyera:


It simply means that Dangote will include all of those cost when deciding the amount he will sell his product even though he is not paying for them. Reason why Dangote price will be the same as importers.

They should check the statistics of countries that refine locally and see whether they don't sell cheaper locally. Why must ours always be different?

So Dongote won't make any difference, why all the noise about his refinery then?
These people are not being honest

1 Like

Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by pocom35: 8:21am On Jun 02, 2023
blaise26abj:
Freight cost to and from nigeria , landing cost . Foreign refining expenses as well as taxes in the countries with the refineries . How will it not reduce?

However , I always said Dangote is no fool . He borrowed money to build the refinery . He would rather sell at the current price or higher to quickly meet his financial obligation . In fact if it is 1000 per litre the better for him . Why do you think that subsidy removal coincides with the start of his refinery ? Make we dey play dey go .
Obviously it is business.. would you want such big refinery to fail like the others?
Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by gare(f): 8:23am On Jun 02, 2023
Godszilla:


https://punchng.com/dangote-ph-refineries-others-wont-change-fuel-price-nnpcl/
Re: Dangote, PH Refineries, Others Won’t Change Fuel Price – NNPCL by pocom35: 8:24am On Jun 02, 2023
Nlanalyst:

Kyari didn't study economics, he studied geology and earth science. He may not have a single idea of how these things work.

He doesn't need to study economics to know these basic things.

The way I see it.. it is best he puts it this way than say it will go cheaper when local refineries come online.. the taxes and freight cost may only reduce the prices by no more than 10% which isn't significant..but Nigerians may misinterprete it and think.. the prices should drop by over 100%

1 Like

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