Yyeske:
Are they oil producing is the question, give us stats of their production and consumption. We are all here to learn

well google should be able to clear that.

I could say south east is oil producing region in nigeria, but in what quantity? Can they sustain themselves with the oil?

PMS price affect everything in Nigeria,unlike those countries you mentioned.
Can you tell that an increase in price of PMS in US,UK,will affect the price of goods n services?
AGO(diesel determines price of goods n services in those countries.
Those countries have steady power supply,so no need to depend on PMS to fuel their generators
Those countries currencies are stronger than Naira

Animals! You now realize that petrol is relatively cheap in Nigeria but GEJ was almost lynched when he tried to increase the price to 97 Naira.

Yyeske:
Perfect answer to the dilemma we are in as we speak, another thing you should know is that continued subsidising of our petrol consumption will cause a depletion of our foreign reserves and nobody wants that.
We are indeed in a dilemma

you are right

Yyeske:
Perfect answer to the dilemma we are in as we speak, another thing you should know is that continued subsidising of our petrol consumption will cause a depletion of our foreign reserves and nobody wants that.
We are indeed in a dilemma

A stalemate situation, every possible action has unintended consequence.

usba:

A stalemate situation, every possible action has unintended consequence.

we are in a confused situation.

And they no dey take light for all those countries

wingmanII:
Animals! You now realize that petrol is relatively cheap in Nigeria but GEJ was almost lynched when he tried to increase the price to 97 Naira.

Comparing the value of the naira to the dollar then and now vis-a-vis the price of a liter of petrol then and now, you'd be surprised that a liter at 97 naira then is more expensive than 145 or 180 naira now. Just saying please but always have it at the back of your mind that the exchange rate matters since we import petrol, unfortunately sad.

usba:

A stalemate situation, every possible action has unintended consequence.

I tell you

life2017:


we are in a confused situation.

So unfortunate and the only hope is the quick refurbishing of our refineries which will take time, infact perilous times ahead.
We want the price of oil to go up so as to shore up our depleted foreign reserve and we want it low at the same time because we import refined products

The quality of their petrol is higher than our own, we don't use same quality of fuel as UAE. This I learnt when I was there last August. They have zero tolerance for pollution hence the quality of petrol. Nigerians spend so much to buy the lowest quality of petrol. They should stop pretending that they are doing a fantastic job with the kind of Petrol we import plus the stupid subsidy we pay.

The op failed to mention these countries don't also have to queue for d commodity to fuel generators because electricity is constant.... :/

So you can come to this conclusion anyway no problem

life2017:


http://www.businessdayonline.com/oil-producing-saudi-arabia-uae-raise-fuel-price-nigeria-digs-subsidies/

Additional comments:
Average price of fuel in United state as at January 2018 is $2.52 per US gallon (3.785 liters)
Converting to naira, price of fuel is 203 naira per liter in the united states.

Uk sell fuel at 1.2 pounds (500 naira) per liter

Note: United states produce 9.9million barrels of oil per day
Saudi Arabia produced about 10million barrels of oil per day.
UK produce 1 million liter per day
Nigeria struggle to produce average of 1.8 million per day (Nigeria potential is 2.3million barrels, but don't produce it on the average due to millitants and bunkering activities)

United states, UK and Saudi Arabia refine all their oil in their countries.
Nigeria import almost all the fuel we consume.

Why should fuel be cheaper in Nigeria?

for those who says fuel should be cheap in Nigeria because Nigeria is poorer than Saudi and UAE, they should also know that poorer countries than Nigeria like Ghana, Cameroon, Benin Republic sell fuel at much more expensive price of around 300naira to 400 naira per liter.

For those that will say Ghana, benin republic dont have crude oil, Angola produce the same quatity of crude oil as Nigeria, fuel price is 177Kwanza(293 naira) in Angola

http://www.mytravelcost.com/Angola/gas-prices/

life2017:
http://www.businessdayonline.com/oil-producing-saudi-arabia-uae-raise-fuel-price-nigeria-digs-subsidies/

Additional comments:
Average price of fuel in United state as at January 2018 is $2.52 per US gallon (3.785 liters)
Converting to naira, price of fuel is 203 naira per liter in the united states.

Uk sell fuel at 1.2 pounds (500 naira) per liter

Note: United states produce 9.9million barrels of oil per day
Saudi Arabia produced about 10million barrels of oil per day.
UK produce 1 million liter per day
Nigeria struggle to produce average of 1.8 million per day (Nigeria potential is 2.3million barrels, but don't produce it on the average due to millitants and bunkering activities)

United states, UK and Saudi Arabia refine all their oil in their countries.
Nigeria import almost all the fuel we consume.

Why should fuel be cheaper in Nigeria?

for those who says fuel should be cheap in Nigeria because Nigeria is poorer than Saudi and UAE, they should also know that poorer countries than Nigeria like Ghana, Cameroon, Benin Republic sell fuel at much more expensive price of around 300naira to 400 naira per liter.

For those that will say Ghana, benin republic dont have crude oil, Angola produce the same quatity of crude oil as Nigeria, fuel price is 177Kwanza(293 naira) in Angola

http://www.mytravelcost.com/Angola/gas-prices/

This article is incomplete. They should compare monthly salaries, or how much workers earn per hour in each of these countries, and place it side by side, with how much they spend on fuel. Then the whole report will make sense!

dealslip:
The quality of their petrol is higher than our own, we don't use same quality of fuel as UAE. This I learnt when I was there last August. They have zero tolerance for pollution hence the quality of petrol. Nigerians spend so much to buy the lowest quality of petrol. They should stop pretending that they are doing a fantastic job with the kind of Petrol we import plus the stupid subsidy we pay.

How much are workers paid per hour in UAE? And what is the average minimum wage, over there?

they dont understand.europeans pay around 600naira for a liter of petrol.

slnigeria:
How much is the minimum wage over there?

I love this question! Someone should just plot a graph of the minimum national wage in each of these countries, and insert the cost of fuel along with it. I am sure the results would be interesting!

verydark:
they dont understand.europeans pay around 600naira for a liter of petrol.

And how much do Europeans earn per hour??

laudate:


How much are workers paid per hour in UAE? And what is the average minimum wage, over there?

thats the main issue.but if we allow marketers to manage things and put no laws on them then prices will skyrocket even if nigerians dont earn that much like western nations.if we loose this fight against marketers then good night nigeria.

dont forget oil fuel price influence other products too.

laudate:


I love this question! Someone should just plot a graph of the minimum national wage in each of these countries, and insert the cost of fuel along with it. I am sure the results would be interesting!


And how much do Europeans earn per hour??

alot.when am in germany i earn 26euros per hour.thats alot of money.

but working in europe can be very stressful.you can get burned out easily.

their is no paradies on earth oooo.europe,america,arabia,china and the rest is no paradies.even if you manage to land in this nations,you will still have to struggle to survive.

Someone is here to convinced us into confusion like we have the same benefits with those countries...We knew we are playing with betrayers,is this part of campaigned points..

Jabioro:
Someone is here to convinced us into confusion like we have the same benefits with those countries...We knew we are playing betrayals,is this part of campaigned points..

Just siddon dey look. This is always the same argument they have always used, each time they want to increase fuel prices in Nigeria. IBB used it, OBJ did the same, GEJ copied them. And it is now PMB's turn.... The spin doctors will always tell you why fuel price in Nigeria is much lower than other countries, and how other nations pay such a high amount for fuel. They will never tell you the other side of the story, about how Nigerians earn way below their counterparts in other countries, and how our transport system is heavily inferior to those of other nations, and totally dependent on road travel powered by such fuel, which is why inflation hits the roof, each time fuel prices take a hike!

slnigeria:
How much is the minimum wage over there?

Help me ask am.

What is US and UAE, Saudi per capita income and GDP

laudate:


Just siddon dey look. This is always the same argument they have always used, each time they want to increase fuel prices in Nigeria. IBB used it, OBJ did the same, GEJ copied them. And it is now PMB's turn.... The spin doctors will always tell you why fuel price in Nigeria is much lower than other countries, and how other nations pay such a high amount for fuel. They will never tell you the other side of the story, about how Nigerians earn way below their counterparts in other countries, and how our transport system is heavily inferior to those of other nations, and totally dependent on road travel powered by such fuel, which is why inflation hits the roof, each time fuel prices take a hike!

democracy is a stvpid system.china wouldnt have come this far with democracy.

they keep opening ministries like a church and nothing is still done.and those that they hire into this ministries are family members.

the igbos are not wrong for complaining.but they are playing into the games of the cabals too.their are igbo cabals in this system too.

common igbos just dont get it yet.

If you want to know what happened to the surplus money Gej made from the excess crude oil money here is it - subsidy. If crude oil was 110 dollars and he kept pump price at 87 naira when is difficult pegging it on 145 naira at 67 dollars, it is clear he paid subsidy thru his nose to keep nigerians comfortable. No wonder he said when he is gone we will miss him

Yyeske:
Perfect answer to the dilemma we are in as we speak, another thing you should know is that continued subsidising of our petrol consumption will cause a depletion of our foreign reserves and nobody wants that.
We are indeed in a dilemma

well said,bro

life2017:


http://www.businessdayonline.com/oil-producing-saudi-arabia-uae-raise-fuel-price-nigeria-digs-subsidies/



for those who says fuel should be cheap in Nigeria because Nigeria is poorer than Saudi and UAE, they should also know that poorer countries than Nigeria like Ghana, Cameroon, Benin Republic sell fuel at much more expensive price of around 300naira to 400 naira per liter.

For those that will say Ghana, benin republic dont have crude oil, Angola produce the same quatity of crude oil as Nigeria, fuel price is 177Kwanza(293 naira) in Angola

http://www.mytravelcost.com/Angola/gas-prices/

Who told you Nigerians are more well off than Ghanaians..Under Buharo Nigeria has the higest amount of extremely poor people in the world

this OP is pro APC. u people are planing on increasing the petrol pump price and u want to make it look like its OK.