NewStats: 3,264,979 , 8,185,259 topics. Date: Friday, 13 June 2025 at 03:03 AM 4g246d

Very good. I like the fiesty competition. All thanks to Dangote

ogashman:
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.

Continue to deceive yourself with competition bringing down the price while FG and NNPCL continues to borrow more dollar loans collateralized with crude to import and subsidize substandard petrol from Europe.

Osanoghodua1:
I want Dangote to purge them all by selling for #400 let's see.

Go and take malaria drugs, economics runs on principles and not emotions.

bizbro:
Slash to #500 por favor!

Esta Bien, hombre

Manculated:


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.

Imagine Nigeria importing petrol from European countries where the world most expensive petrol is sold and marketing here in Nigeria way below the price while paying under-recovery cost to importers and claiming that "subsidy is gone", just imagine the level of self-deception!

dederocs:
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.

While not go into petrol business and bring down price than deceiving with competition while we continue to borrow crude collateralized dollar loans to import and subsidize substandard petrol from Europe

To be fair

This is one area l give kudos to Tinubu

If not for the free market and Dangote , marketers would be selling fuel at 1,500 now and queues would have been longer than Reno Omokri 's throat especially during this Muslim ileya sallah ..

KennethOkonkwo:

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

Free market with secret subsidy on imported petrol, continue to whine yourself!

AK481:


insignificant quantity from FG and thats why dangote is buying crude abroad .

Do you call this insignificant?

SoftSport:
Fuel price fight is getting serious, NNPC and others are selling cheaper than Dangote; big praise to Tinubu government for helping make fuel market more open and fair.

Don't try this rubbish praise on Tinubu. I was just readying just to observe the yeye person that will praise Tinubu for what he does not have hands on. This price drift is as a result of the competition that Dangote refinery has brought to the market.

seunowa:

Omo ...there must be an action for reaction to take place. What dictate the reactions of the marketers and dangote are majorly market realities.

Competition (excess supply) is also a market reality obviously.

daveP:
Nigerians need more mendem that will spark price wars across every sector of trade and commerce in Nigeria. Many cabals have turned to Dracarys Dragons due to no competition. We need it back to such levels so the power returns to the people.

There is nothing like price war, it is an economic fiction designs by economists.for politicians to use and deceive, manipulate and gather followers who will them during elections. The price of every you buy in Nigeria is controlled from CBN using monetary policies like money supply.

i don say am na fight for survival. monopoly fit win and control petrol prices

NNPC sabotage refinery for one person

SoftSport:
Fuel price fight is getting serious, NNPC and others are selling cheaper than Dangote; big praise to Tinubu government for helping make fuel market more open and fair.

richmond500:
they have slashed out almost 700 naira in just 6months, it's a good development

Wow great achievements.. What a clueless government

SmartyPants:


Competition (excess supply) is also a market reality obviously.

What will you call it if it is not obvious market reality in Nigeria oil and gas sector? Government policy such as PIA instigates competition, efficiency and transparency have helped to enhanced the functionality of the market forces.

Gboss247:
Free market with secret subsidy on imported petrol, continue to whine yourself!

Secret subsidy in you people deluded head 😆

You cab claim anything..chai

Putindbutt:


https://www.legit.ng/business-economy/money/1658224-depot-owners-slash-fuel-cost-dangote-rate-nnpc-announces-pump-price/

Not a worse decision anyway except you want to do something fishy that people don't know. How can you compete with a producer and a local and indigenous one for that matter. Una go collect high B-P laslas when dangote start his own. You can ask larfarge cement how Dem take survive the cement hurricane

MEGA4BILLION:
Dangote is giving them a sleepless night.
Let the slash continue until iI falls below N500.

500 is still high, 150 is better

seunowa:

What will you call it if it is not obvious market reality in Nigeria oil and gas sector? Government policy such as PIA instigates competition, efficiency and transparency have helped to enhanced the functionality of the market forces.

Yes... But then that makes it clear that it takes two to tango. Dangote and the marketers could easily also just collude and have a nice time together at our expense. Is the market not big enough?

richmond500:
USA and SA also have crude but they are selling above 500 naira

ignorance!
Are you from U.S? Is U.S heavily dependent on PMS?
Do you have enough electricity in Nigeria like the U.S?
All businesses in Nigeria generate their own electricity.

Nigerians are indeed docile!

SoftSport:
Fuel price fight is getting serious, NNPC and others are selling cheaper than Dangote; big praise to Tinubu government for helping make fuel market more open and fair.

No thanks to Tinubu’s government for removing subsidy and saving funds for himself and his cohorts.
Dangote is the one that is still trying to get us out of this sacrifice without dividend.

Price war...
To the benefit of the common man

SmartyPants:


Yes... But then that makes it clear that it takes two to tango. Dangote and the marketers could easily also just collude and have a nice time together at our expense. Is the market not big enough?

Do you know the number of participants in oil industry? Importations by marketers will continue until other refiners are able to come on board. Why is dangote shouting up and down about the marketers if it possible to collude with them? When other refiners come onboard, then, competition becomes stiffer. And competition is good for Nigerians

Dotherightthing:


If Tinubu did not remove subsidy, will this ever happen?

Dangote already built a refinery before tinubu came to power
Is it tinubu that made dangote build a refinery? Or would dangote no longer sell his products irrespective of wether tinubu won or not?
This is simply what happens when there is no monopoly, and that is an age long, common economic factor....

yyba:
If not for dangote, the marketers could have claims it's not possible to sell Petrol below #1000 . Thank you dangote

The discussion and noise about the landing cost has suddenly disappeared!

Naira my country 😂😂😂😂!

seunowa:

Do you know the number of participants in oil industry? Importations by marketers will continue until other refiners are able to come on board. Why is dangote shouting up and down about the marketers if it possible to collude with them? When other refiners come onboard, then, competition becomes stiffer. And competition is good for Nigerians

I agree 💯💯

pasol4real:

Dangote already built a refinery before tinubu came to power
Is it tinubu that made dangote build a refinery? Or would dangote no longer sell his products irrespective of wether tinubu won or not?
This is simply what happens when there is no monopoly, and that is an age long, common economic factor....

Dangote refinery will never see the light of the day if subsidy is not done away with. Policies formation by the government have helped to revitalize the oil and gas sector. Do you know the number of refineries that are under construction now? Why are investors putting their money into refineries construction? It is because of the transparency of the regulatory framework guiding the modus-operandi of major stakeholders

seunowa:

Do you call this insignificant?

Gboss247:
The price war in Shakespeare when secret subsidy on imported petrol provided by crude collateralized dollar loans is at work.

Your source to prove it or you are following those useless bloggers

You better get your fact right.