LuciferKristi:




They don't produce oil.

Yes...and they earn less than $1 a day...just like most nigerians.

PLUS...we import most of the fuel we use in this country...and Dangote refinery won't make things better.

So, we ain't better than them.

Thanks.

Donald3d:
As much as Nigerians complain about the cost of fuel, Nigeria is in a very interesting position on this list .Funny enough Nigerian filling stations sell fuel at one of the cheapest rates in the world.
Let’s count down .

10. Azerbaijan

$0.47 per litre – Approx ₦165

9. Turkmenistan

$0.43 per litre-Approx ₦151

8.Egypt

$0.43 per litre-Approx ₦151

7.Nigeria

$0.41 per litre-Approx ₦144

6.Ecuador

$0.39 per litre-Approx ₦137

5.Algeria

$0.35 per litre-Approx ₦122

4.Kuwait

$0.35 per litre-Approx ₦122

3.Sudan

$0.34 per litre-Approx ₦119

2.Iran

$0.29 per litre-Approx ₦102

1.Venezuela

$0.01 per litre-Approx ₦4 !!!

What do you think ?
The cost is really mind-blowing in Venezuela.
Do you think the exchange rate is what makes it “expensive” here ?
Let’s know what you think in the comments section .

https://autojosh.com/top-10-coutries-with-cheapest-fuel-in-the-world/

I am moving to Venezuela

khingTony:
If not for Buhari,
Nigeria would be ranked No. 2!

Buhari or Obadanjo?
Who started hiking fuel price?

dadalicious:

I am moving to Venezuela

You won't like it there...

Why is Venezuela in crisis?

Hide
Under the late Hugo Chávez, who ushered in Venezuela’s socialist revolution in 1999, a new constitution and numerous elections placed nearly all government institutions under the control of the ruling Socialist party.

This concentration of power was aided by a feuding opposition which carried out ineffectual campaigns and electoral boycotts. After Chávez died of cancer in 2013, he was succeeded by Nicolás Maduro who is even less tolerant of dissent.

Growing political authoritarianism has coincided with greater state dominance over the economy. But expropriations, price controls and mismanagement have led to a 40% contraction of the economy in the past five years.

Oil accounts for 96% of Venezuela’s export income but many foreign companies have been driven out and production has dropped to a 30-year low.

The resulting fiscal crisis has prompted the government to print more money, which has led to hyperinflation and a collapse of the currency.

It also means that the government can’t import enough food and medicine to meet demand.

Maduro has rejected economic reforms out of loyalty to socialism and because many government officials are allegedly getting rich off the economic distortions – through exchange rate scams and by selling scarce food on the black market.

Sauce

Donald3d:
As much as Nigerians complain about the cost of fuel, Nigeria is in a very interesting position on this list .Funny enough Nigerian filling stations sell fuel at one of the cheapest rates in the world.
Let’s count down .

10. Azerbaijan

$0.47 per litre – Approx ₦165

9. Turkmenistan

$0.43 per litre-Approx ₦151

8.Egypt

$0.43 per litre-Approx ₦151

7.Nigeria

$0.41 per litre-Approx ₦144

6.Ecuador

$0.39 per litre-Approx ₦137

5.Algeria

$0.35 per litre-Approx ₦122

4.Kuwait

$0.35 per litre-Approx ₦122

3.Sudan

$0.34 per litre-Approx ₦119

2.Iran

$0.29 per litre-Approx ₦102

1.Venezuela

$0.01 per litre-Approx ₦4 !!!

What do you think ?
The cost is really mind-blowing in Venezuela.
Do you think the exchange rate is what makes it “expensive” here ?
Let’s know what you think in the comments section .

https://autojosh.com/top-10-coutries-with-cheapest-fuel-in-the-world/

Buhari is working right?

erico2k2:

you keep quoting $ lets leave that issue aside, I have asked you thesame question over and over again,who do you personaly know that earn N500 a day? Mechanics earn above that,All labourers earn above this rate,My security aka Watchnight and watchday I pay them 30k monthly,
the driver who doeas drop for the Mrs Shop earn minimum from us N29k in a month, My Mrs pays her stylist in her studio N18K per month, the girls at the saloon take home minimum of 18 k, the manager gets 25 k.My boys at the shops get minimum of n20k minus feeding which I provide as lunch, Thats people arround me, Now tell me those arround you that supports ur argument.

the school cleaners earns 14k, similar to the school gate men. that's less than #500 per month. a relative teaching in the village earns 12k. all missionary schools.

abisogun119:
How wouls some one living under $1/ day afford fuel of $0.45 ...smhApc propagandat

The same way most African countries where people live under $1 a day can afford fuel.....at prices higher than Nigeria.

erico2k2:

you keep quoting $ lets leave that issue aside, I have asked you thesame question over and over again,who do you personaly know that earn N500 a day? Mechanics earn above that,All labourers earn above this rate,My security aka Watchnight and watchday I pay them 30k monthly,
the driver who doeas drop for the Mrs Shop earn minimum from us N29k in a month, My Mrs pays her stylist in her studio N18K per month, the girls at the saloon take home minimum of 18 k, the manager gets 25 k.My boys at the shops get minimum of n20k minus feeding which I provide as lunch, Thats people arround me, Now tell me those arround you that supports ur argument.

I would take more samples tomorrow and quote you again.

Donald95:


Thank you. Don't mind those Buhari miscreants looking for any means to deceive the gullible ones.

Back in the days, when you fail in Exam and also your friend failed, it will make you relax and feel comfortable instead of adding effort to make it better.

Until we stop defending these Idiots that failed in leadership, Nigeria will never get better

Good point

Mgbadike80:
the school cleaners earns 14k, similar to the school gate men. that's less than #500 per month. a relative teaching in the village earns 12k. all missionary schools.

your relative teaching in the village earn 12k?? waht kinda school?
the point Im trying to fling accross is this, these people have secondary source of Income, some even farm etc, its impossible to live on N12k with no additional support!

erico2k2:

1st off NYSC is2nd you seriously think thats all they live on and do not have additional income,
Look you are talking people who eat at least two times a day, have kids going to school, wives and pay rent transport plus Bills,.The reality is this only people who live on the streets who do not have jobs and no hope live bellow that stat.

if some state can owe 10 months salary, and you are here doubting how people leave on 15k, lol

[s]

erico2k2:

Plz and Plz DO not embarsss urself this way, you could have at least do a 5 mins reserach B4 U post this .Venuzuella are in deep mess, evryone is leaving, They cant even afford to get thier own Int passport to migrate to Ecuador.Listen to CNN

[/s]this is why i hate educating stupiid people.

do you even know what subsidy means? how does it relate to the nonsense you posted?

Please leave the road am going to Venezuela,stop holding me jare pls pls pls leave me alone am going am going,stop begging me jare oooooooooh!

theoldpretender:


1.Venezuela subsidses oil...it is one of the reasons why they don't have forex...MOST of it goes on subsidising oil

2.Costs of producing oil in Venezuela are high because most of the oil is offshore and has a high sulphur content...so they pay heavily in subsidy.

3.Saudi too has a high oil reserve...and they subsidsed oil till recently when the low oil price made it impossible.

4.Iagree with you on their economic mess being on their reliance on oil.

5.From this article...

now point to where it is listed in the article that venezuela subsidizes fuel to keep it at 4 naira and how that is the reason their economy failed?

just accept you goofed and edit your initial post cos it is fallacy and totally untrue.

ahahnow:
I made first page. My mommy is proud of me.

she would av bn proud of u if ur mumu is fetching u money

oladele00:
Vote for PMB again and baba will reduce the price of fuel to 45naira.. God bless PMB

my your life and that of ur unborn generation be like the economy and present day life in Nigeria for the rest of their lives...Amen ashe gun.

UrbanMetahuman:
now point to where it is listed in the article that venezuela subsidizes fuel to keep it at 4 naira and how that is the reason their economy failed?

just accept you goofed and edit your initial post cos it is fallacy and totally untrue.

OKAY....time for some more facts....

Venezuela's president has said its subsidised fuel prices should rise, to stop smugglers cheating the country out of billions of dollars.

"Gasoline must be sold at an international price to stop smuggling to Colombia and the Caribbean," Nicolás Maduro said in a televised address.

Like many oil producing nations, Venezuela offers its citizens heavily subsidised petrol.


Sauce is right here!

So why would Maduro be removing a fuel subsidy that in your own words....did not exist?



Here is some more....

President Nicolas Maduro said Monday that some of the world's cheapest petrol that Venezuelan drivers enjoy will soon be sold at world market prices to combat rampant smuggling.

"Gasoline must be sold at an international price to stop smuggling to Colombia and the Caribbean," Maduro said in a televised address.

Venezuela, like most oil producing countries, has for decades subsidised fuel as a benefit to consumers. But its fuel prices have remained nearly flat for years despite hyperinflation that the International Monetary Fund has projected would reach 1 million per cent this year.

That means that for the price of a cup of coffee, a driver can now fill the tank of a small SUV nearly 9,000 times. Recently, the average price of a coffee with milk was 2.2 million bolivars, or about 50 cents, local media has reported.

Smugglers do brisk business reselling fuel in neighboring countries. SOURCE

Still think I goofed again, son? Or is it...beautiful daughter?

(I love you google!)

LuciferKristi:
It's not about the cost. It's whether the citizens can afford it.

Most Nigerians survive on less than $1 daily, how many can afford fuel at its current cost?

That’s on point! Here in the US, it’s $2:79. Most expensive right compared to those ones by the op? But the truth is it’s more affordable and it feels cheaper to everyone than it is at $0.41 in Nigeria.

Same way he reduced it in 2016?
Abeg get sense.
quote author=oladele00 post=71053427]Vote for PMB again and baba will reduce the price of fuel to 45naira.. God bless PMB[/quote]

UrbanMetahuman:
[s][/s]this is why i hate educating stupiid people.

do you even know what subsidy means. how does it relate to the nonsense you posted?

yes Sir, I do its when the Gov of the day pays the diff in price for its citizens to buy the said product cheap.
How it relates to your nonsense is this, the Ven Fg head Nicolas Maduro, is cutting down the Subsidy, the price hike as we speak is up to 600% to checkmate a 50% Inflation.I seriously do not know what you are ranting about, I si mply corrected ur assumptions that there arent no subsidy in Venuzuela.

theoldpretender:


And don't insult people you disagree with.

Respond with facts, not with insults.

You called me names...when I posited a fact....so I called you a god since you are all knowing.

Anyway....next time, be more polished in your response. You could end up facing a major discomfort if you aren't.

Ta ra.

You need to use your brain before quoting foreign-invented statistics. Explain how Nigeria has 144 million active phone lines if the majority live on less than a dollar a day. And you can take your nasty threat and stick it up your ass.

https://www.premiumtimesng.com/news/more-news/257906-active-mobile-lines-nigeria-hit-144-million-december-ncc.html

Rossikki:


You need to use your brain before quoting foreign-invented statistics. Explain how Nigeria has 144 million active phone lines if the majority live on less than a dollar a day. And you can take your nasty threat and stick it up your ass.

https://www.premiumtimesng.com/news/more-news/257906-active-mobile-lines-nigeria-hit-144-million-december-ncc.html

I did not threaten you.

I merely pointed out that someone else might not take your rudeness calmly as I have.

Good evening. And do grow up dear boy.

LuciferKristi:
It's not about the cost. It's whether the citizens can afford it.

Most Nigerians survive on less than $1 daily, how many can afford fuel at its current cost?

How I wish some nairalanders will come and learn or borrow some sense from you. All they know is to insult and follow politicians blindly

iammo:


if some state can owe 10 months salary, and you are here doubting how people leave on 15k, lol

if they dont have another source of Income, wont they be dead by now

erico2k2:

1st off NYSC is2nd you seriously think thats all they live on and do not have additional income,
Look you are talking people who eat at least two times a day, have kids going to school, wives and pay rent transport plus Bills,.The reality is this only people who live on the streets who do not have jobs and no hope live bellow that stat.

most people don't earn up to 10k monthly.... if a security guard in Lagos earns 20k monthly it doesn't mean the one at Ekiti or Warri earn same....

why is venesuala now begging for food

Donald95:


Thank you. Don't mind those Buhari miscreants looking for any means to deceive the gullible ones.

Back in the days, when you fail in Exam and also your friend failed, it will make you relax and feel comfortable instead of adding effort to make it better.

Until we stop defending these Idiots that failed in leadership, Nigeria will never get better

reduce the exchange rate to N210/$ and PMS price to N87/litre as at 2015, what will you get? $0.41/litre

oladayo63:
It's not about the dollar value, fams. It's about the standard of living in the country.

Venezuela position on the list means nothing to Venezuelans. In a socio-economic perspective, fuel is more cheaper in Nigeria than Venezuela.

In another sense, fuel is way cheaper in Kuwait than in Nigeria because they have a better standard of living.

How will it sounds if a cup of coffee is sold for $5 (#1700) in Nigeria? Considering that Nigeria minimum wage is about $50/m, 99% of Nigerians can't afford it while $5 is peanut to Americans.

Standard of living! It's all about standard of living.

You are smart

theoldpretender:


I honestly give up. Some of you guys have no understanding of how economics works at all.

1.We import most of the fuel we use in Nigeria

2.The landing cost of imported fuel is above N170 per liter.

3.NNPC pays a ''subsidy'' to keep the fuel price at N145.

4.That is why most marketers cannot import fuel, why NNPC is the SOLE IMPORTER of fuel..and why NNPC partly cannot declare its assets.

5.And that is why we keep on having fuel scarcity...because most marketers cannot make a profit at N145 per liter.

6.We need oil to be at $140 per barrel to break even. Right now...we don't have enough to do so because oil has been below $75 since 2015!

7.GEJ tried to increase fuel to N140 from N65. You Nigerians protested...so we beat it down to N97...and then to N87 and that is partly why GEJ could not save forex...because we were wasting it on fuel. Meanwhile....scarcity was happening...and by 2013...fuel was being sold above the market price of N97 excpet in Lagos and Abuja...because most marketers could not survivie on profits as low as N2 per liter.

8. Please stop misinforming people. Venezuela is where it is because they import all they need and because they overspend all their money on subsides they cannot sustain, and because their govern,ment is imcompetent. Not because America...who buys most of their oil and pays for it.

9. And you APC and PDP guys better get our country off oil!

Where did the dude went wrong . He said the standard of living in Nigeria is poor that is why we can not afford to buy fuel at #147/L ...... Countries with higher value per litre has better standard of living than Nigeria .... What is wrong in that ?

If this list is anything to go by, where are the western countries in d list?