NewStats: 3,264,459 , 8,183,777 topics. Date: Wednesday, 11 June 2025 at 07:47 AM 63552wn4mk |
NNPC, Independent Marketers Slash Petrol Prices Below Dangote Rate (20363 Views)
kenex4ever(m): 9:59am On Jun 05 |
yyba:Vice versa |
ogashman(m): 10:00am On Jun 05 |
Great. This is how it is supposed to be. Competition like this will further bring down the pump price of PMS and in effect transportation costs. Infact, I just saw a picture now where a fueling station is offering 1pack of spag to customers who buy 30litres and above. 2 Likes 1 Share |
richmond500: 10:02am On Jun 05 |
Melonsmasher:they have slashed out almost 700 naira in just 6months, it's a good development 5 Likes 3 Shares |
Winnin009: 10:02am On Jun 05 |
yyba: My thoughts exactly... so they can drop prices too?! All the while they made it seem like its impossible... Lol.... Dangote for president. |
alobright17(m): 10:07am On Jun 05 |
b0rn2fuck:at least the positive news is that the price is falling from over 1k it was few months ago ,Dangote can still reduce his and NNPC and co will cut theirs too .before you know it fuel will be down below 800. Watch out . |
Osanoghodua1: 10:07am On Jun 05 |
I want Dangote to purge them all by selling for #400 let's see.
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Agbegbaorogboye: 10:22am On Jun 05 |
You clowns met it at 197 naira
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gigabyte13: 10:26am On Jun 05 |
Shebi one obedient goat talk say Emilokan is still paying subsidy to dangote through NNPC abi..... ![]() ![]() ![]() Issokay and the prices is now lower than that of Dangote..... ![]() ![]() ![]() ![]() Make una get sense Una no gree Why people no go run leave una |
VanuatuWycombe: 10:33am On Jun 05 |
Matrix and NIPCO were selling it at N865 in Osun State a month ago. It would have gone down by now.
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alizma: 10:41am On Jun 05 |
yyba:You are 100% correct, by now fuel would have been selling for 1,500. They would have remind us the value of dollar as justification for their crazy price. |
seunowa(f): 10:56am On Jun 05 |
SmartyPants: Oil marketers and Dangote's pricing decisions are driven by market realities such as global crude oil prices,forex rates, supply and demand, naira for crude-oil policy of the government as well as deregulation of the oil and gas sector. These are the market for forces that have helped to put the excesses of the market stakeholders( marketers and dangote) in check. Deregulation of the oil sector ensure that pricing is no longer subject to government regulations but instead has helped to enhance market forces functionality through increasing competition, availability of the product, promoting efficiency and hence potentially reducing fuel prices. 1 Like |
cricifixo: 10:59am On Jun 05 |
If only one more individual like Dangote will build another refinery as big as or even bigger Dangote's own, fuel prices will crash to N500 naira
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adams123: 10:59am On Jun 05 |
Fuckyoumod: All of us ne |
Manculated: 11:00am On Jun 05 |
b0rn2fuck: Are you minding them. Fuel that is supposed to be sold between N400 and N500 at Max, No matter the situation of the Country and Opec. They are just ripping off the masses. |
seunowa(f): 11:01am On Jun 05 |
Rilwayne001:Most of them are semi-Illiterates, they are out of tune with market realities. |
AK481(m): 11:06am On Jun 05 |
seunowa: Yet the government can't supply dangote crude . |
rapheal5(m): 11:07am On Jun 05 |
All those werey shouting subsidy is gone for good, doesn’t it mean during Buari and Jonathan regime NNPC were not making profit and does it mean FG was paying x4 of the amount we bought fuel then as subsidy.. With removal of subsidy we shouldn’t be buying fuel above 500 naira, y’all defender of iniquities come and defend it.. |
seunowa(f): 11:10am On Jun 05 |
AK481:What is the reason for Naira - crude oil policy by the government? |
dederocs(m): 11:11am On Jun 05 |
Lower prices is good for Nigerians. Am sure Dangote will bring his price down too. Marketers, Dangote don't be greedy, you now but crude in naira. Your profit margins are too high.
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SmartyPants(m): 11:13am On Jun 05 |
seunowa: Oil marketers and Dangote are not a factor in the supply and demand equation. Stop it. |
AK481(m): 11:13am On Jun 05 |
seunowa:. to save FX , and streghten the naira , make the fuel cheaper as the dollar component will have limited impact ..etc. the government is repeatedly failing to do this , even the article says dangote is buying crude from america |
Druss(m): 11:13am On Jun 05 |
Just 5 naira and they are saying 'slash'. Drop that thing by 100 naira before using slash. With this one I am maintains use of Dangote fuel. I still don't trust NNPC fuel. |
torqque7(m): 11:20am On Jun 05 |
Rubbish yeye evil people..so you guys could reduce the price all along but choose to suffer Nigerians until Dangote fvkced you over.
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seunowa(f): 11:26am On Jun 05 |
AK481:Good and it means that government is supplying dangote with crude-oil. |
KennethOkonkwo: 11:29am On Jun 05 |
yyba:If not for Tinubu that allow free market. If FG has subscribed to banning of importation as wished by dangle.Dangote will sell at 2k and you will not have any option |
KennethOkonkwo: 11:31am On Jun 05 |
seunowa:They will always look for away to avoid giving BAT FG the neccessary kudos. Probably because the pastors have poisoned their mind against the government. The will heap praises on wike,bosun,Umahi,keyamo, etc but will tactically avoid BAT. |
Vision101(m): 11:33am On Jun 05 |
Leonardo4:Have you forgotten the fuel station queue that makes you waste hours before you get ten liters of petrol. |
Gboss247(m): 11:39am On Jun 05 |
Fuckyoumod:If not for gullibility, why would someone expect petrol to be cheap when he ed Tinubu who promised him currency devaluation during his electoral campaign? |
AK481(m): 11:39am On Jun 05 |
seunowa: insignificant quantity from FG and thats why dangote is buying crude abroad . 1 Like |
seunowa(f): 11:40am On Jun 05 |
SmartyPants:Omo ![]() ![]() |
Gboss247(m): 11:41am On Jun 05 |
soil4soil:The price war in Shakespeare when secret subsidy on imported petrol provided by crude collateralized dollar loans is at work. |
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