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Nairaland Forum / Nairaland / General / Politics / Nigeria's Current Petrol Pump Price Better Than That Of The USA (36236 Views)
Yakubu Dogara "Jonathan's Choices Caused Nigeria's Current Economic Realities" / FG Approves N86.50k As Petrol Pump Price / See What The Current Petrol/economic Condition In Nigeria Has Caused..hilarious (2) (3) (4)
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Nigeria's Current Petrol Pump Price Better Than That Of The USA by bishopclin(m): 11:16pm On Jan 19, 2015 |
I saw various posts on the social media, criticising federal government's reduction of gasoline(PMS or Petrol) pump price from N97 to N87. More worrisome is the fact that some of our youths join the bandwagon in the criticism. I wonder why we have some youths of our country who can not make use of their brains to ponder on issues that would further enrich the country. Present day youths are being tossed around by the older ones and sometimes, by illiterates. Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps of recent in the US (do some confirmation) 1US gallon = 3.7854ltrs $2.2021 = N398.58 (@ exchange rate of N181/$) Therefore, 1gallon = N398.58 ÷ 3.7854ltrs = N105.29/ltr in the US Meanwhile, in Nigeria, after taking into consideration, landing costs and other expenses, it is N85/ltr for the same litre of gasoline yet people are ignorantly ranting on social media and elsewhere. Between Nigeria and the US, which is better? What has happened to some present day youths in my dear country, Nigeria? Mr. President, Goodluck Jonathan has indeed shown that he has the interest of Nigerians at heart. 152 Likes 17 Shares |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 11:20pm On Jan 19, 2015 |
Minimum wage in USA is not 18,000 naira per month 431 Likes 31 Shares |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by herald9: 11:25pm On Jan 19, 2015 |
What's so hard in dropping that Gaddam thing to N65... For Pete's sake oil is 'made in Nigeria ' 118 Likes 2 Shares |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by saintkash(m): 11:28pm On Jan 19, 2015 |
a friend wrote this and he considered other factors unlike u Sina Solaru Price per barrel of crude oil a year ago [January, 2014] was $97.92/barrel worldwide. It is now $46.97/barrel.... Gas/ petrol was $3.28/gallon a year ago in the U.S. It is now $1.89/gallon because of demand & supply that controls the price. I just bought a gallon of petrol/gas from Costco at $1.89 cents/gallon today and since 1 gallon equals 3.78 liters, that equals to 50 cents per liter here in the U.S. That is #92.50kobo per liter @ the exchange rate of $1= #185naira ..... Per Capita Income in the U.S. is $53,042 while per capita income in Nigeria is $3,006 source: World Bank. That means Nigeria is currently[until the so called midnight] paying more at #97/liter than in the U.S. at #92.50/liter. Nigerians should be paying #5.24kobo per liter based on the per capita income differential. Otherwise, the result is still ABJECT POVERTY! Hit 'Like' if you are not better off than you were 4 years ago. 265 Likes 13 Shares |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by DONOCSO(m): 11:30pm On Jan 19, 2015 |
As I read the title, wetin commot for my mind na 56 Likes 2 Shares |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by dre11(m): 11:35pm On Jan 19, 2015 |
Op What's the minimum wage in America At least we need to balance that tooo 59 Likes 3 Shares |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by bishopclin(m): 11:36pm On Jan 19, 2015 |
DONOCSO:I did not expect anything less from you. It is unfortunate that in an intellectual discuss, that is the much you can contribute. SMH 34 Likes 1 Share |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by bishopclin(m): 11:39pm On Jan 19, 2015 |
dre11:minimum wage in the USA is basically done hourly. It is an average of $8/hour. Meanwhile, it is pertinent to note that it all depends on how much time one can put in a month and the availability of the job 15 Likes |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by psucc(m): 11:42pm On Jan 19, 2015 |
I disagree with the price drop to N65/ltr. My opinion is that government should break the monopoly created by the few importers of these products, then allow the sector to be regulated by market forces. That I mean even if petroleum products would be sold in the open market like palm oil, better. Our problems is this cycle of monopoly. 20 Likes 1 Share |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by dre11(m): 11:44pm On Jan 19, 2015 |
bishopclin: U said 8 dollar per hour And the minimum wage here is18000 Juxtapose the earnings and tell me which one is expensive 24 Likes 3 Shares |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by CaptainAmerica1: 11:45pm On Jan 19, 2015 |
Why the comparison? Do you know the rank of Nigeria among Oil producing countries? Go and compare with those countries. 16 Likes 2 Shares |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by ziccoit: 11:45pm On Jan 19, 2015 |
Standard of living over there vs down here? 6 Likes |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Amisec: 11:46pm On Jan 19, 2015 |
nwanna89:This same GEJ increased the minimum wage to 18,000 naira don't forget. Some governors shouting change today has neither allowed the minimum wage to be paid nor passed PIB. 63 Likes 1 Share |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Kagarko(m): 11:47pm On Jan 19, 2015 |
So many other factors equally needs to be taken into consideration. And thats before oil prices crash in the world market. And now its much more low. Even if petrol is giving free to nigerians we will fulfill our resolve to vote clueless govt out come FEBUHARI. 31 Likes 1 Share |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by raumdeuter: 11:51pm On Jan 19, 2015 |
[img]http://media.nbcdfw.com/images/652*367/gas18.JPG[/img] 11 Likes 1 Share
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Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 11:59pm On Jan 19, 2015 |
Hmm |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 12:09am On Jan 20, 2015 |
What a mor0n. You dont compare prices literally by using this silly method. Stark illiterate 87 Likes 4 Shares |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by realnaijaa: 12:10am On Jan 20, 2015 |
bishopclin:hello my guy the truth is that you are not current.with what is happening in the us.presently A gallon of petrol sells for $1.55 in some states while in some its $1.60.check your facts before saying rubbish. 73 Likes 2 Shares |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Rainmaker69(m): 12:11am On Jan 20, 2015 |
Op is a jokerr 19 Likes 1 Share |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by dguy4: 12:27am On Jan 20, 2015 |
Op pls get ur facts right before you post anything, America is not an oil producing state, you just can't compare them with us when it comes to crude oil, u compare your stats. with an oil producing state. 13 Likes |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Joel3(m): 12:31am On Jan 20, 2015 |
[size=25pt] one barrel of crude oil is now below 50$ One barrel of crude if refine is equivalent to 150 liters of fuel. Do the maths Why can't we own a refinery? If we refine this crude oil in nigeria there will be no need spending money for imported fuel. We could simply buy locally refine fuel for 20naira. Oil thefts steals 400,000 barrel per day. And nigeria only need free 250,000 barrel per days to power our economy, but only few people enrich themselves with GEJ. This will only make us to spend for refining cost and by then it will be around 10naira if crude oil is free. This will make our economy more stronger and the poor will feel the impact of a government. No robbery and kidnapping. to power electricity and the whole nigeria economy is 250,000 a day. Oil thefts steals 400,000 per day. Jonathan failed nigerians [/size] 117 Likes 5 Shares |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by moufan: 12:44am On Jan 20, 2015 |
very stuuupid thread 32 Likes |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by special19: 12:49am On Jan 20, 2015 |
Who told you America is not an oil producing state? Simply because she is not an OPEC member? Just so you now, OPEC is a Cartel and anything Trust is illegal in the U S of A. Get your fact right. dguy4: 12 Likes |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by redcliff: 12:57am On Jan 20, 2015 |
bishopclin: You came here trying to be smart not knowing you are only displaying your mental incapabilities... smh.. 62 Likes 1 Share |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by mekd: 2:07am On Jan 20, 2015 |
Why do we really have to compare nigeria with america 16 Likes |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Raiders: 2:08am On Jan 20, 2015 |
bishopclin:Pump Price of Petrol for Oil Exporting Countries in the World as @ 19/01/2015 : in naira1. Venezuela - 3.732. Syria - 9.333. Libya - 22.394. Saudi Arabia - 29.855. Kuwait - 46.656. Qatar, Iran, Algeria and Bahrain - 48. 517. Sudan - 63.44 Nigeria is in the 5th position as a Major Oil Exporting Country, Venezuela is number 8, Kuwait is in the 13th position, Libya is in number 15, Qatar and Algeria are in positions 14 and 16 respectively. Nigeria is selling Petrol officially at 87 naira per liter and some gullible Nigerians are rejoicing. When shall we grow up? When shall our leaders b accountable GEJ & FG should come out and inform Nigerians on how thet arrived at the 87 naira per liter pump price you want us all to so much celebrate. As for me I don't worship mediocrity. Nigerians wake up. #NigeriaDecides2015 110 Likes 12 Shares |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 2:35am On Jan 20, 2015 |
Minimum wage per month for a full time job in Nigeria=N18,000 Note: some people earn much less. minimum wage in USA according to OP = $8/hr. Full time job is circa 40hours/week. 40*8=320 There are 4 weeks in a normal calendar month. 320*4=$1,280 Let's use exchange rate of N175=$1 therefore, $1,280*175= N224,000/month. Minimum wage / month in Nigeria= N18,000 Minimum wage / month in USA = N224,000 88 Likes 8 Shares |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Ikengawo: 2:41am On Jan 20, 2015 |
herald9:oil is also made in America 6 Likes 1 Share |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by subnero(m): 2:55am On Jan 20, 2015 |
bishopclin: You're a very big fool for ur lame analytic, infact ur foolishness is in HD!!! It seems you don't know the meaning of consuming country.. Id!ot!!! Besides whats the minimum wage over dia?? ewu!!! 63 Likes |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 3:51am On Jan 20, 2015 |
realnaijaa:Bros abeg which state sells at that rate 'cos I just bought at $2.4sth (mobil) in LA. I guess the OP lives down Westcoast, so he is right anyway. GEJ is trying but not good enough 9 Likes 1 Share |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by CHRISTALLITE: 4:20am On Jan 20, 2015 |
Kagarko:Dollar increases in value not only to naira but also in kinda similar or rather close to Euro€; Definitely since there is increase in Dollar value;the price of World petrol would automatically fall but could remain constant or higher compare to some currency of which naira is! D question to be asked is how creative has our government been to reduce the pump price by#10? It should have risen higher since Dollar is now more expensive to naira! However;I wonder why most people claims its all propangada;if called so?Be it!Its all improvement! Meanwhile,I need ask why most people seems to the word cluelessness as an everyday song on no ground!Prove it wrong by highlighting areas of cluelessness of d present government! And hesistate not to account for just 40% probability of ur harden sentimental acclaim opposition to fix the economy fairer! Am tired of coming here everyday and seeing people just shouting change without feasibility view of how it could have been better! Imagine someone shouting the price should have been #15!Is only Fuel Usage d sector of infracture or advancement?More amenities need be provide! 7 Likes 1 Share |
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 4:23am On Jan 20, 2015 |
we are in nigeria,nt US,wen wil u people stop comparin us with US... Sorry,i just realise the op is so desprate.desprate mind can do foolish tins without thinking 19 Likes |
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