Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,693,156 members, 6,346,852 topics. Date: Saturday, 19 June 2021 at 02:49 PM

Nigeria Is The 6th Cheapest Place To Buy Petrol In The World - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria Is The 6th Cheapest Place To Buy Petrol In The World (23166 Views)

Radio Kogi Shutdown Over Non-availability Of Money To Buy Petrol / Refineries Produced No Petrol In Past Eight Months – NNPC / FG Opts For Gas Alternative To Petrol In 2020 (2) (3) (4)

(1) (2) (3) (4) (5) (6) (Reply) (Go Down)

Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by ebuk4real(m): 10:54am On Jan 17, 2019
Dig it well and you will see APC behind its propagation just to justify their malfeasance
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Nobody: 10:54am On Jan 17, 2019
Still expensive sad
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Thisnut(m): 10:55am On Jan 17, 2019
the rate in ohio is $1.21/ gallon

1 gallon is about 4 litres. Do the maths
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by ojialo(m): 10:56am On Jan 17, 2019
MANNABBQGRILLS:
And for 16 years they raped our nation blindly.
They shared the billions among themselves.
All corrupt and evil politicians will never go scot free.
They will all end painfully in this life.
so Nigeria is 16 years old?

1 Like

Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by utenwuson: 10:56am On Jan 17, 2019
flyca:
Why didn't you dig out this statistics when fuel was selling at N87?

How many oil producing nations sell more expensive than us?

Is Zon-B-ism the best work you can do in this world?
these re fact..... Stop talking trash all time

1 Like

Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by femtex007(m): 10:56am On Jan 17, 2019
U don't mean it
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by easyfem(m): 10:56am On Jan 17, 2019
So who consume most BTW 1 to 6 .... No good train , no good light etc and all diz will make us consume more petrol ...... Open ur eyes padi and don't let them format ur brain but yet I won't still vote for PDP
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Highbhee(m): 10:57am On Jan 17, 2019
veraponpo:

It is N900/litre in the US

It is about N500/litre in Ghana



Is US producing Oil?


NO!!!...

More so, average Nigerians work for 12hrs to get #1000 but in US, an hours gonna give you 5k equivalent!!...

So, lock up bruh

1 Like

Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by MANNABBQGRILLS: 10:57am On Jan 17, 2019
ojialo:
so Nigeria is 16 years old?
No, you are, obviously!

1 Like 2 Shares

Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by namio10: 10:58am On Jan 17, 2019
How much in salary per month does an average worker receive - that should be the basic consideration.
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by timunstopable: 10:58am On Jan 17, 2019
This kind of report vexes me

Because doesn’t take into consideration that Purchasing power of Nigerians is one of the lowest in the world

Even as they say PMS in Nigeria is the cheapest in the world .it is very expensive to millions of Nigerians living in abject poverty

1 Like

Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Mizwisdom(f): 10:58am On Jan 17, 2019
Highbhee:




Is US producing Oil?


NO!!!


Why don't we value knowledge in this country. You're shouting no but you're 100% wrong

4 Likes 1 Share

Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by gr8child(m): 10:59am On Jan 17, 2019
That's good. Let it be like that until the majority of the citizens of this country can begin to enjoy some other real benefit of being a citizen of one of the largest oil producing nations. In a country we are still arguing about paying N30,000 (less than $100) a month as minimum wage, the IMF and other proponents for the removal of subsidy want us to pay what they are paying in America for petrol. They are not serious. If they want to increase the price of petrol, they should improve the economy.
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by IgweBUIKE1(m): 10:59am On Jan 17, 2019
MANNABBQGRILLS:
And for 16 years they raped our nation blindly.
They shared the billions among themselves.
All corrupt and evil politicians will never go scot free.
They will all end painfully in this life.
oga stop been a nuisance ok...tell me if most of the apc goons are not part of the 16years misrule you re talking about ...pls let's vote sowore he is better than your glorified dullard

1 Like

Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by theoldpretender(m): 11:00am On Jan 17, 2019
megrimor:
So that's why they plan to increase it again?

Because we are selling fuel at N145 per liter when it costs N190 to import it.

The Government pays a subsidy...of about N45 per liter (sometimes as high as N65 per liter) ...to keep the price low. Problem is, it means NNPC just makes back the cost of importation, and does not make a profit.

Also paying subsidy is costing the government big time...and is not sustainable.

1 Like

Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by yinchar(m): 11:00am On Jan 17, 2019
Highbhee:




Is US producing Oil?


NO!!!

So the United States is not producing Oil?

It seems the person you called durllard has infected your brain as well.

Google is your friend.
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by biosilicon: 11:00am On Jan 17, 2019
MANNABBQGRILLS:
And for 16 years they raped our nation blindly.
They shared the billions among themselves.
All corrupt and evil politicians will never go scot free.
They will all end painfully in this life.

Remember a supporter of evil no matter the reason is guilty of same. You can deceive yourself all you want and try to pacify your guilt by feigning good morals. Words are powerful. Be careful.

1 Like

Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by SOFTENGR: 11:02am On Jan 17, 2019
Why is Nigeria not having the cheapest price?
Abi dem swear for us?
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Nobody: 11:02am On Jan 17, 2019
shogosco:
its our right....not a big deal
undecided undecided undecided..
You get Right ?
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by theoldpretender(m): 11:02am On Jan 17, 2019
kenn4rill:
What if we start refining our own products, won't it be cheaper? Afterall it was more cheaper 4 years ago.

Well if we refined all the fuel weproduce at home...it would still cost at least N150 perliter....

4 years ago fuel cost N87 per liter...only in Lagos and Abuja. Landing costs was above N120 per liter. Govt was owing subsidy claims from 2012 because of increasing unsustainability.
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by mailemy(m): 11:04am On Jan 17, 2019
[quote author=jchima14 post=74844305]Its is not just about the price, can you compare the GDP of those countries with that of Nigeria?



Spot on. It's unwise and unfair to compare prices of fuel in different countries but rather, we should consider the standard of living of such countries. Compare it with the minimum wage of Nigeria. What is the purchasing power of the naira.

1 Like

Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by gr8child(m): 11:04am On Jan 17, 2019
timunstopable:
This kind of report vexes me

Because doesn’t take into consideration that Purchasing power of Nigerians is one of the lowest in the world

Even as they say PMS in Nigeria is the cheapest in the world .it is very expensive to millions of Nigerians living in abject poverty

Thank you. Petrol at N145 per litre is not in any way cheap to me. Almost every aspect of our economy is tied to PMS (electricity generation at home, electricity generation for small and medium sized businesses, public transportation of goods and services, private transport). Any misguided attempt to increase the price without addressing these issues will create undue hardship.

3 Likes 1 Share

Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Shikini: 11:04am On Jan 17, 2019
Oblongata:
PMS is expensive in Nigeria only because of the increase in dollar rate...


I like intelligent chaps ... you got the point
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by kay7: 11:05am On Jan 17, 2019
Government Agents on propaganda mode
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by theoldpretender(m): 11:05am On Jan 17, 2019
Rekyz:
We should be at no1. No thanks to the Dullard.

No, I won't blame Bubu for this one.

The reasons why we don't have investment in new refineries is that subsidy means that marketers sell fuel below the production cost.

Meaning if someone comes in to build a refinery he or she would be selling at a loss to marketers...or marketers would be selling at a loss.

Yes, Dangote...but thing is, Dangote is not going to sell fuel to marketers below N150 per liter. Not with all the loans he has taken.
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Tobyarab(m): 11:06am On Jan 17, 2019
Petrol is cheaper in the USA than Nigeria. I don't know where this dumb OP got this post from. I hate it when people deliberately try to mislead others. cruelty at its peak.
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Cuteamigo1(m): 11:07am On Jan 17, 2019
I CANT WAIT TO BUY MY TESLA MODEL S
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by excel101(m): 11:07am On Jan 17, 2019
so how come The former parties ACN & CPC were complaining when it was #87 per litre. APC have come with their lies again. Now that its #145/litre they want us to believe ours is the 6th cheapest in the world. liars.

2 Likes 1 Share

Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by ammyluv2002(f): 11:08am On Jan 17, 2019
flyca:
Why didn't you dig out this statistics when fuel was selling at N87?

How many oil producing nations sell more expensive than us?

How many of these countries run their homes and businesses on PMS?

Lemme give you an example: An average family man “in a fuel expensive country” uses about 10 liters of petrol per month. Full is not scarce and thus not adultrated. Also it is well regulated. There are staff buses to take him to work. He also can use air-conditioned public transport to work. He needs no generator to power his apartmenr, or run his business. 10 liree

Now answer me: how many liters of fuel (on the average) does a family man need per month in Nigeria?

Is Zon-B-ism the best work you can do in this world?

You're very smart

2 Likes 1 Share

(1) (2) (3) (4) (5) (6) (Reply)

Postpone Edo Election - Police, DSS Advise INEC / Ogun Extends Lockdown By One Week / Rochas Has "Killed" Ohakim: Live On AIT

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 91
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.