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Nairaland Forum / Nairaland / General / Politics / Nigeria Is The 6th Cheapest Place To Buy Petrol In The World (24461 Views)
Fuel Price Hike: Nigerians Buy Petrol At N1,100 Per Litre / Senator Ned Nwoko Calls For The Creation Of Anioma State As The 6th SE State / Nigerians Should Buy Petrol At ₦256 Per Litre – NNPC Boss, Kyari (2) (3) (4)
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Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Godskidk(m): 11:32am On Jan 17, 2019 |
It's just due to the Dollar exchange rate with Naira... |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Osakah24(m): 11:33am On Jan 17, 2019 |
theoldpretender:When we were buying at 87 how much was it costing to import, and considering crude oil price crashed... shouldn't its by product's also experience same? |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Nobody: 11:33am On Jan 17, 2019 |
excel101:Their members on this forum are trying hard to paint this government good but unfortunately they are stabbing themselves |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by misterjosh(m): 11:33am On Jan 17, 2019 |
Is this an achievement, it's just that naira fairs badly against the dollar |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by smirn(m): 11:34am On Jan 17, 2019 |
flyca:Even if there is constant power, many Nigerians will not be able to pay for it. Complain everywhere. You can help us with the answers to your useless questions. 1 Like |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by theoldpretender(m): 11:35am On Jan 17, 2019 |
gr8child: Zimbabawe is not like Nigeria for the simple reason that they wrecked their goose that laid the golden egg...ie commercial farming. As a result of the land redistribution programme,....they lost a vital source of foreign revenue, lost investors, lost lots of tax revenue,and lots of money. They have been paying theprice ever since. For Nigeria to be like Zim....our foreign reserve would have to be at ZERO level...plus we would have destroyed all our refineries, and oil production sites |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Godskidk(m): 11:37am On Jan 17, 2019 |
Uglymugg:You could have taken time to understand his comment before quoting him... Look at his comment, look at your comment, sit down, and think about your brain 1 Like |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by theoldpretender(m): 11:39am On Jan 17, 2019 |
Osakah24: At N87 per liter...it was costing us N132 to import fuel And the government from GEJ and then Buhari was running heavily into debt as a result. Many marketers outside the big cities were selling fuel at higher prices (I bought fuel in 2015 March at N130 on the outskirts of Abuja.). Some were engaging in smuggling to survive, and there was frequent scarcity. In 2016...Bubu temporarily ended subsidy by raising fuel prices to N145...the queues disappeared...until the landing cost exceeded N145...and the queueus returned....And we still had the pre-rise in price debts. |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by 6digitscomrade: 11:40am On Jan 17, 2019 |
MrAnele:and the 6th largest oil producer and she's also one of if not the most naturally endowed country in the world... |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Olawalesmarter(m): 11:44am On Jan 17, 2019 |
The truth is to Nigeria Everything is expensive, An Average Nigeria think everything from the Government must be Free when it isn't they term it very Expensive....... Even when petrol price was all time low Nigeria believe it was still very expensive and the Government was cheating Us.... And For Godsake Stop comparing Nigeria with every Super power nation you can find our Economy is nothing compare to them and those Countries didn't just get there in a day it cost them centuries. Those Countries have been developed since africa was still a bush |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Nobody: 11:45am On Jan 17, 2019 |
the person that create this post is useless.
you should have compare the wages in Nigeria to those other countries |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Artzdanielsz(m): 11:45am On Jan 17, 2019 |
It's obvious fact and statistics does not say the whole truth. If a dollar is still 150 as it was in 2015. What position would we been in. |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by flyca: 11:45am On Jan 17, 2019 |
smirn:When fuel was hijacked to 145, we also thought many Nigerians will not be able to afford it! There is a human instrictive characterstic called Adaptation! Nigerians are especially good at this. Hijack all you want, zom-B all you want, we will survive! 1 Like |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by theoldpretender(m): 11:45am On Jan 17, 2019 |
VULCAN: Well,as I have explained before...in 2013...Bubu said subsidy was 'nonexistient'. He was playing politics as usual (he does get some blame for not supporting GEJ's subsidy removal attempt too...and GEj not being allowed to remove subsidy is why we had problems...). Back then, fuel was selling at N97, it cost more than N110 to import the stuff...and many people were engaging in subsidy scams. Govt of GEJ removed subsides from diesel and kerosene to pour more money into the subsidy debt hole... And yet...we still had queues all year long, and fuel was being sold above the retail price. That was why Bubu called it a scam...even though he did contribute to it by opposing commonsense removal in 2012...that would have SOLVED all the problems (I opposed GEJ...but when he made sensible decisions, I clapped my hands. The opposition to the 2012 subsidy removalattempt was one time I really felt dissapointed in the oppositon._) |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by troublemakea(m): 11:46am On Jan 17, 2019 |
flyca: Credit: Best reply so far......your brilliant bravo bro 1 Like |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Felincous(m): 11:48am On Jan 17, 2019 |
OBTMOS:So u were a dullard when u were in schl, cos your position is always second to the last |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by maklelemakukula(m): 11:48am On Jan 17, 2019 |
flyca:Lol 1 Like |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by troublemakea(m): 11:51am On Jan 17, 2019 |
PrinceVM: cut deal with China? I would tell you even Abacha with his military might wount do the mistake of cutting deal with China cos he knows what would befall him if he does |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Olawalesmarter(m): 11:51am On Jan 17, 2019 |
Right Now Nigeria Produces More Electricity power more than the nation can consume and they are planning to export it to other Africa nations but Nigeria is not having 24 hours electricity because they can not pay for 24hours electricity......... Right now in my area we are having more than 12hours electricity per day |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by theoldpretender(m): 11:51am On Jan 17, 2019 |
flyca: So,why did you support GEJ when he raised fuel prices from N65 to N140 in 2012. (By the way, I supported that decision too) Looking beyond the tribalism, removing subsidy makes sense. It made sense in 2012....and the thing is, if we had allowed the N140 TO stand...there would have been no fuel queues till 2016...and we would have saved lots of cash even. I know most Nigerians cannot afford a rise in fuel prices. We had the same issue with GSM...but because GSM was not subsidised....a lot of income flowed in which paid for improvements,new infrastructure...etc...that evnetually allowed for prices to crash. If we had removed subsidy in 2012...by now we might have been paying less for fuel. And we would have had new jobs, etc. And new refineries. |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Olawalesmarter(m): 11:54am On Jan 17, 2019 |
troublemakea: You are imagining stuff, they can end the deal if they want to because it would be part of the agreement |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Princedapace(m): 11:54am On Jan 17, 2019 |
flyca: Lol..they were thinking everyone is an illiterate in Nigeria. Lol.. This is the most stupid propaganda I have ever seen. Nice one for taking out the time to educate them. 1 Like |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by pawesome(m): 11:54am On Jan 17, 2019 |
Venezuela that there currency isn't constant is the cheapest... Just negudu 1 Like |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by astOorR(m): 11:55am On Jan 17, 2019 |
flyca: The only brain that worked well on this post.. Thank you for this piece. 1 Like |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by theoldpretender(m): 11:58am On Jan 17, 2019 |
Last comment for now I think Nigerians don't want to pay higher for fuel....and yes..a high fuel price does have knock on effects. But subsidizing fuel too has knock on effects...NNPC is importing fuel at a loss, marketers sell fuel at artificially lowprices, and people are not rushing to build new refineries because no one wants to sell fuel at low prices.And then there is the corruption. In 2010...GE wanted to build 3 new refineries. Signed an MOU. The refineries have not been built because under subsidy they won't have made a profit. I understand why people don't want subsidy gone. And Lord knows it would chop my money well well.But...it is time we either cut subsidy...or we keep it, while we take loans to fund other sectors of the economy till oil goes above $140. (In our dreams). |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by aumeehn: 12:00pm On Jan 17, 2019 |
theoldpretender:I have read all your posts on this thread and i understand the message you are trying to pass across. But one thing i want you to understand and also put into consideration that you are in Nigeria where our leaders will siphon all the money made from subsidy removal. Since 1960 we don't have stable electricity talkless of quality health care and Education and you are supporting the government, Government that cant pay 30k minimum wage. How can someone earning 18k a month buy fuel at 170 or 200 per liter man have pity on Nigerians. Let them cut their allowances and build fast railways and provide stable electricity first or they should buy fuel at 5000 naira per liter how do u expect a barbing saloon owner to buy at 200 and a politician will also buy at thesame price, if lets say i pay 5k for waybill from Lagos to Abuja after subsidy removal i will have to pay around 8k. do you think it will be fair to an average Niverian who doesn't have a job no stable electricity? Haba bros Naija people dey suffer. |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Jeezuzpick(m): 12:00pm On Jan 17, 2019 |
OH, GOSH! THE price wouldn't be so low if the Naira was what it was in 2014! Just because the Naira has crappy value, these goons want to set us up for another fuel hike! SSSHHHEEEIIII! I want out of this cage called Nigeria! |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by poiZon: 12:03pm On Jan 17, 2019 |
flyca:excellent clapback! some fools think all nigerians r foolish. 1 Like |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Sholaco: 12:04pm On Jan 17, 2019 |
Don't mind my useless lazy people...they all want free thing with any meaningful contribution to country |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Nobody: 12:06pm On Jan 17, 2019 |
THESE UNREPENTANT CRIMINALS ARE UP TO SOMETHING AGAIN! NIG MUST BE RESCUED FROM THEIR DIABOLIC CLAWS! |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by Ahmeduana(m): 12:18pm On Jan 17, 2019 |
And so what? |
Re: Nigeria Is The 6th Cheapest Place To Buy Petrol In The World by gregng(m): 12:21pm On Jan 17, 2019 |
Before u rate Nigeria a cheapest place to buy fuel, how much is ur salary? Pay me 20 dollar per hr let me buy fuel 1 dollar per litre |
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