Compared to other countries not subsidizing petrol, Nigeria has one of the cheapest petrol price range.

Is it the NNPCL effect little profit margin or the exchange rates suppression to make naira look stronger the cause? I suspect the latter is the reason for lower petrol prices. What do you guys think?

Here is a link to petrol prices in countries around the world.
And here is another for diesel prices in countries

Another chart from www.nairaland.com/attachments/15818817_priceofpetrolacrosstheworldinnairajuly2022_jpeg751eeeb059ff8f6d770506892b512aaa

Ours is lower and it points to the two possible sources.
One is I&E forex rates. It appears lower than where it should be because a systemic rejection of certain demands is leading to lower demand there(I&E) and thus lower rates. This is making any import going through that window lower in price(petrol inclusive).

Reason two: the NNPCL being govt owned, the major importer of petrol and not wanting to squeeze Nigerians, is maintaining a very low profit margin.

Any one who compares country

should also be ready to compare people

Bmd

Petrol prices as the relative comparison to the cost and standard of living in different countries in the world should be a better research..

A v

suckmedownthere:
Petrol prices as the relative comparison to the cost and standard of living in different countries in the world should be a better research..

the target here is to see the reason for lower cost of petrol compared to other countries with a deregulated pricing system.

Because FG is still paying subsidy. Once subsidy is fully removed, the price of petrol in Nigeria will be higher. Imagine we are selling cheaper than Belgium where we buy from. You as a retailer can not sell cheaper from the wholesaler you buy from. Secondly it is cheaper because we import substandard fuel that burns faster.

Why are we even the producers of petrol sef

I know very soon it would change to Nigerians are the only ones not paying to breathe

My Yoruba friend, I wonder why you didn't say Nigeria petrol was cheap when gej was president at #65 instead of tinubu apc fighting him

lopatep:
Any one who compares country

should also be ready to compare people

Bmd

Dumb answer

lopatep:
Any one who compares country

should also be ready to compare people

Bmd

leadership and standard of living

sleek214:

Dumb answer

From a.. Moro_

NzogbuNzogbu:
Why are we even the producers of petrol sef

I know very soon it would change to Nigerians are the only ones not paying to breathe

My Yoruba friend, I wonder why you didn't say Nigeria petrol was cheap when gej was president at #65 instead of tinubu apc fighting him

gbegiri and akpu gobbling tribal legend, under gej, it was subsidized and so the comparison would have been wrong. Now, it isn't.