Petroleum Marketers are Happy About the Reduction of Petrol Prices by Dangote Refinery -Maigandi

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  • เผยแพร่เมื่อ 23 ธ.ค. 2024

ความคิดเห็น • 48

  • @OlawaleIdrisJunaid
    @OlawaleIdrisJunaid 4 วันที่ผ่านมา +6

    The price of Cement initially was from 4k to 8k..11k earlier this year but they brought it back to 8k,we Nigerians are okay with 8k cos we felt we aren't building but when the landlady & landlord are increasing their rentage out we complained and now 10k a bag of Cement yet we still fold our hands?why is it difficult to call a spade a spade by telling them to bring it to normal price 4k?

    • @olayinkaadeleye3134
      @olayinkaadeleye3134 3 วันที่ผ่านมา

      @@OlawaleIdrisJunaid You need to understand what cost elements make up the total cost of producing cement - Raw materials, Labour, Energy, transportation, taxes, etc. A lot of these costs have increased so you have to expect an increase in the cost of one bag of cement. It is painful but that is the reality of our situation right now!

  • @BasharSanusikamba
    @BasharSanusikamba 2 วันที่ผ่านมา +1

    Very proud of you sir, I wish you more years ahead

  • @godwinali6204
    @godwinali6204 2 วันที่ผ่านมา +3

    Mr President I don't think that is a significant change, God gave Nigerians crude oil for free of charge.. we need to know how much they are giving Dangote crude for..we still need to bring the price down to ease the poverty in Nigeria.

  • @AmadiRobotics
    @AmadiRobotics 4 วันที่ผ่านมา +9

    From N1300.00 to N500 will be referred to as crashing, please stop gaslighting Nigerians because of N5.

  • @jay51200
    @jay51200 4 วันที่ผ่านมา +5

    The price will eventually come down to 600naira per liter. Its a gradual phenomenon, we are dealing with oil mafias here.

    • @chidic.ifeachor7301
      @chidic.ifeachor7301 3 วันที่ผ่านมา +1

      Dey play! See the way they are toying with your brain

    • @chidic.ifeachor7301
      @chidic.ifeachor7301 3 วันที่ผ่านมา +1

      ₦899.50 (₦900) reduction indeed!

    • @AmadiRobotics
      @AmadiRobotics 2 วันที่ผ่านมา

      @@jay51200 They will wait till election time when they will bribe Nigerians with a lower price may be 895 and then brag about it so you can vote them.

  • @chimakalu41
    @chimakalu41 3 วันที่ผ่านมา +1

    Well done dangote. Let us keep it going

  • @OlawaleIdrisJunaid
    @OlawaleIdrisJunaid 4 วันที่ผ่านมา +3

    Nigeria is only a country that the price of a thing would increase by 200% in a Month and after alot of talks would be reduces only 0.5 % in a year and the leaders of that country felt that they have done their people a favour

    • @AmadiRobotics
      @AmadiRobotics 2 วันที่ผ่านมา

      @@OlawaleIdrisJunaid Exactly, Nigerians are extremely gullible and our slave masters know it.

  • @parkershola-bv2xo
    @parkershola-bv2xo 2 วันที่ผ่านมา +1

    That is not what Nigerian are expecting from Dangote refinery. Whatever Dangote company join in production is always higher in price than it was before.

  • @ovieomoniyi474
    @ovieomoniyi474 3 วันที่ผ่านมา +2

    Good mrg Arisetv what abt those that can't afford 2million lit and above

    • @tanmarus
      @tanmarus 2 วันที่ผ่านมา

      OYO.th3n they pay a bit higher...MOQ is 2M Litres ....

  • @michaelkoye-olowe9608
    @michaelkoye-olowe9608 2 วันที่ผ่านมา

    Kudos to Dangote. The marketers should adjust pump price immediately since if It is the way round, it will be adjusted in a jiffy.

  • @ChuckWilliamsTechnology
    @ChuckWilliamsTechnology 2 วันที่ผ่านมา

    This is great news

  • @bayofat
    @bayofat 4 วันที่ผ่านมา

    What is “significant” in the reduction in the petroleum price?

  • @Loop_it
    @Loop_it 4 วันที่ผ่านมา +5

    The word 'crashes' is too ambiguous please. Crash from what to what?

    • @philemonakume1574
      @philemonakume1574 3 วันที่ผ่านมา

      These guys don’t understand English very well! They bank on phonetics 😂

    • @Cool2Boy.
      @Cool2Boy. 2 วันที่ผ่านมา

      Don't mind them they think we are morons 😂😂😂

    • @AmadiRobotics
      @AmadiRobotics 2 วันที่ผ่านมา

      @@Loop_it Please ask them.

  • @olayinkaadeleye3134
    @olayinkaadeleye3134 4 วันที่ผ่านมา

    Price should actually be NGN850 per litre ex refinery. Factors that contributed to the drop are the drop in the NYMEX cost and improvement in the Naira to USD rate.

    • @philemonakume1574
      @philemonakume1574 3 วันที่ผ่านมา

      If crude oil is sold in Naira then the dollar shouldn’t be a major factor in determining the price! Rather the price should affect the dollar to Naira rate

    • @olayinkaadeleye3134
      @olayinkaadeleye3134 3 วันที่ผ่านมา

      @ You need to understand the Naira for crude deal. The crude oil is sold to local refineries at the international price but they are allowed to pay in the Naira equivalent. This means if oil is $80 per barrel and the exchange rate is USD1:00 to NGN1500, the refineries will pay NNPCL $80 x 1500 =NGN120,000.00 per barrel. The advantage of this option is that the refinery doesn’t have to open an LC in Dollars to pay for the Crude oil. Refineries buy crude in Naira and sell products in Naira - Eliminating transaction costs related to converting money to dollars.

    • @philemonakume1574
      @philemonakume1574 3 วันที่ผ่านมา

      Exactly my point! The question is do you think the crude for Naira deal does not have a bearing on the improvement on the exchange rate between NGN and USSD?
      Eliminating the transaction cost and reducing the burden of sourcing dollars there by reducing over all cost of production, even if it is a negligible fraction it can compound to a significant amount hence the impact on the price!

    • @olayinkaadeleye3134
      @olayinkaadeleye3134 3 วันที่ผ่านมา

      @@philemonakume1574 Naira is improving due to a combination of the following factors:
      CBN’s introduction of EFEMS. This brings transparency to the demand and supply equation for forex transactions.
      Increase in diaspora remittances
      Reduction in fuel imports and increase in local refining.
      Improvement in crude oil production
      Stability of the oil price @ $60 - $70.

  • @JohnsonWali
    @JohnsonWali 2 วันที่ผ่านมา

    Very nice step, but will never get to the consumers.

  • @OlawaleIdrisJunaid
    @OlawaleIdrisJunaid 4 วันที่ผ่านมา

    We don't talk about Cement, from 8k to 10k within a Month and to deduct the price from 1k petrol to 800 naira is very hard.

  • @DavidMarculey
    @DavidMarculey 2 วันที่ผ่านมา

    His is good

  • @ovieomoniyi474
    @ovieomoniyi474 3 วันที่ผ่านมา

    Why not selling same price to all independent marketers

  • @MrTruth-fp2vi
    @MrTruth-fp2vi 3 วันที่ผ่านมา

    No one talks about scarcity of PMS anymore. Kudos to President Tinubu for his decisiveness on fuel subsidy.

  • @maecentre
    @maecentre 3 วันที่ผ่านมา

    Well

  • @bottomsuper1877
    @bottomsuper1877 2 วันที่ผ่านมา

    It should be reduce to #75

  • @Loop_it
    @Loop_it 4 วันที่ผ่านมา

    Hopefully ₦5 will be deducted from retail prices for Nigerians to enjoy. The masses are going to enjoy the benefit indeed.. We wait!😂

  • @KaranamEkaranam
    @KaranamEkaranam 2 วันที่ผ่านมา

    is still expensive

  • @akinolatoluiope3642
    @akinolatoluiope3642 2 วันที่ผ่านมา

    Did you say N895 is a great development? You guys are just dribbling us because it costs us nothing to take hardship as a way of life.

  • @sirjoe6407
    @sirjoe6407 4 วันที่ผ่านมา +1

    This interview seems to be a waste of time.
    I thought something meaningful was presented.

  • @anthoniasegun7000
    @anthoniasegun7000 4 วันที่ผ่านมา +1

    Christmas bonus

  • @RA-ms3je
    @RA-ms3je 4 วันที่ผ่านมา

    Yes crashed it to 1250 naira

  • @jlanre2084
    @jlanre2084 3 วันที่ผ่านมา

    Dangote wants to push NNPC out of the market just as he did with cement competitors

    • @levellingNews
      @levellingNews 3 วันที่ผ่านมา

      NNPC have refineries

  • @Eihmethdeen
    @Eihmethdeen 3 วันที่ผ่านมา

    Did he say "My makershaff", instead of marketers.