omonla10:
We cannot eat our cake and still have it.. This is purely due to subsidy removal which is self explanatory due to increasing crude prices..

But on d other side, we are yet to see d effect of subsidy removal.. Minimum wage is still too low probably around $70 per month..

In saner climes, fuel cost higher, but they can afford it cos they earn well..

I know one day, we will get it right in this country

In saner climes they don't run generator on a daily basis
....foolish citizens

They know what they are doing. They increased it this high so labor can strike and they will remove the 11 Maria and say they have decreased. This people are evil and if you are among those who voted this dullard twice, your punishment would be painful than water death

aremuforlife:
The article is well detailed, at least we have ideas on the causes of the increment.

tell me what is detail in this lies

IT'S TIME TO GO GREEN. GET YOUR SOLAR INVERTERS NOW

Nigerian government dong put citizens for another offside...

/
Buhari moved from Change to Next Level.

Nigerians are already campaigning for their oppressors cum looters like Orji Kalu, Tinubu, El Rufai or Atiku to mount the saddle and move them to Next Next Level.

I am enjoying the tragi-comedy called Nigeria and her infinite number of mor.ons.

/

Same people that were asking for removal of subsidy . are the same people who will crucify you if you ever remove petrol subsidy. I'm not in support of buhari regime but we can't continue subsidising petrol.

ArcFresky:


Not cool

Very cool

aremuforlife:
I hope there will be lasting solution to the increment in crude oil refining and transportation after dangote refinery commence production.

A review of the pricing template showed the average price per ton of the commodity at about $561.96, or N169.22 per litre, while the average freight rate coat (North-West Europe to West Africa) of about $21.63 per ton, or N6.51 per litre
Above is where the increment is coming from, except if we are demanding for the return of subsidy , there is not the government can do, else, there will be scarcity of PMS

How come the price of the commodity didn't crash when price was at it lowest at the world market?

I am a big fan of Buhari but he actions and inaction is surely against this nation. It is becoming very pathetic.

BMC crew how far?

When you were busy defending rubbish with your rotten brains you didn't know it would affect you.

By 2023,stupid Nigerians will still vote for stupid people all in the name of tribe and religion
Igbos don't care if Okorocha or Orji Kalu become the president as long as it is from the East
Yorubas don't care if Osinbajo(a failure in disguise) or Tinubu becomes the president as long as it is from the East
Same with Atiku or Yayaha from the North

Una better do away with your ethnic stupidity and religous foolishness or else,poverty go kill us
I also advice any sensible man not to get married or carry too much responsibilities because this country na die o
As for me,I am currently saving 80% of all profit for my business,once my money is complete before the end of the year,I'm out of this rubbish country

Buhari has brought end time to Nigeria.

yommys01:
How come the price of the commodity didn't crash when price was at it lowest at the world market?

I am a big fan of Buhari but he actions and inaction is surely against this nation. It is becoming very pathetic.

Continue to be a fan, we still have two more years to go

loswhite:
In saner climes they don't run generator on a daily basis
....foolish citizens

We live in "insane climes".

Where prison guards release criminals to stop a protest.

Where "patriots" defend shooting and brutalizing
civilians.

Where bandits get paid cash rewards and are given amnesty while government critics dissappear.


Where people lick the ground their darling daddy steps on from their slums as if they are immune.


Truly an insane clime!

gurunlocker:
That's the CHANGE we all want...


Even with the so called corruption, have you asked yourself how we were able to buy petrol at #64-97 naira under PDP, while barrel is being sold at $80-100 USD?


Because under the administration of no corruption, any increase in crude oil barrel price automatically leads to increase in pump price, even though they are still paying subsidy.


The sad part is we keep acting like this isn't affecting all of us. Most people income are not increasing and inflation is on the rise.

This administration is one lucky administration as they keep on getting away with the pain they are instilling on Nigerians.

THEY WILL NOT GET AWAY WITH IT!

Hmmmmm.

omonla10:
We cannot eat our cake and still have it.. This is purely due to subsidy removal which is self explanatory due to increasing crude prices..

But on d other side, we are yet to see d effect of subsidy removal.. Minimum wage is still too low probably around $70 per month..

In saner climes, fuel cost higher, but they can afford it cos they earn well..

I know one day, we will get it right in this country

THANKS YOU TALK THIS ONE, small mauritius minimum wage is about 135usd converted. SOUTHY higher etc. did not mention bigger names ooh, Nigeria small 30 k they want to change to they still never start

gurunlocker:
That's the CHANGE we all want...


Even with the so called corruption, have you asked yourself how we were able to buy petrol at #64-97 naira under PDP, while barrel is being sold at $80-100 USD?


Because under the administration of no corruption, any increase in crude oil barrel price automatically leads to increase in pump price, even though they are still paying subsidy.


The sad part is we keep acting like this isn't affecting all of us. Most people income are not increasing and inflation is on the rise.

This administration is one lucky administration as they keep on getting away with the pain they are instilling on Nigerians.

they're not lucky... Nigerians are extremely weak....

gurunlocker:
That's the CHANGE we all want...


Even with the so called corruption, have you asked yourself how we were able to buy petrol at #64-97 naira under PDP, while barrel is being sold at $80-100 USD?


Because under the administration of no corruption, any increase in crude oil barrel price automatically leads to increase in pump price, even though they are still paying subsidy.


The sad part is we keep acting like this isn't affecting all of us. Most people income are not increasing and inflation is on the rise.

This administration is one lucky administration as they keep on getting away with the pain they are instilling on Nigerians.

Lucky of you admit that the bottom feeders, the peons are too traumatized to offer any resistance while the so called, non existent middle class is too ashamed to admit their intellectual shortcomings in installing this government of hot air, smoke and mirrors.

tunene66:

https://tribuneonlineng.com/breaking-pppra-sets-guiding-price-of-petrol-for-march-at-n211-11-per-litre/

l am not surprise - this is a result of a govt that has 1 lack economic plan and policy. 2. Dump economic team. 3. Lack of ideas. 4. Borrowing without an agenda - pmb - lack mamagerial skills to rule the nation. 5. Lack of team leaders. 6. Rogues and thieves at the realm of affairs. Nig will pay more for pms. Pmb careless - may his term come to an end soonest.

capitalzero:
Where are online hoodlums? Come and say something to defend your paymasters.

Below are the respective prices of fuel per liter in the various countries:
1. Germany - N700.23
2. UK - N706.11
3. US - N331.45
4. France - N735.42
5. Ghana - N384.58
6. Benin Republic - N347.32
7. South Africa - N437.45
8. Kenya - N439.99
9. Hong Kong - N998.17

So why you wan kill ya self

https://www.globalpetrolprices.com/gasoline_prices/

capitalzero:
Where are online hoodlums? Come and say something to defend your paymasters.

Houstency:
NL BMC cretins hope you get to buy yours at #87? Endeavour to lead protests with Lauretta, Soyinka, Bakare and others as was done during GEJ's tenure.

But most of the people crying now are the ones who supported deregulation under Jonathan. If you supported the deregulation under PDP, you shouldn't have problem with it now. Am I missing something here?

tunene66:

https://tribuneonlineng.com/breaking-pppra-sets-guiding-price-of-petrol-for-march-at-n211-11-per-litre/

It will Never be well with Buhari and his entire family..The blood hound of vengeance shall begin to visit all the doers of evil and Nigeria politicians, death will be announced on a daily basis from Dem homes like covid19 score update.. Except the God of vengeance decides other wise, they better start putting their house in order.

I don't mean to be rude but your post is so stupid and ignorant. Probably representative of yourself.

Did you also consider the minimum wage in those countries
Do you realise we use fuel for everything not just cars.
In Nigeria you need fuel to run a business. To pump water in your house. To watch TV. Things you wouldn't need fuel for in the countries you listed.

Some people don't think before spewing rubbish. Then again maybe they don't have a functioning brain.

Basher8583:


Below are the respective prices of fuel per liter in the various countries:
1. Germany - N700.23
2. UK - N706.11
3. US - N331.45
4. France - N735.42
5. Ghana - N384.58
6. Benin Republic - N347.32
7. South Africa - N437.45
8. Kenya - N439.99
9. Hong Kong - N998.17

So why you wan kill ya self

https://www.globalpetrolprices.com/gasoline_prices/

Myer:


You nailed it.
We all know it will eventually come to this.
Even Pounds might still hit 1000naira to a pound. And over 500naira to a dollar.

Our govt don't see anything wrong in all these increments cos most of them get fuel allowance. Besides they believe other countries are paying more.

They do not factor in the dynamics between such countries and Nigeria.

Ghana for example has ensured that there's stable electricity which means you don't have to worry about fuel price for generators except you're a car owner. Also Ghana is not among OPEC.

Dubai and other countries which our govt likewise compare Nigeria to have stable electricity and alternative means of transport where the masses don't feel the impact of the fuel price.

Unlike Nigeria, where nothing works.
Only few locations have stable electricity.
The transport system is so bad that if you're not careful you'll spend more fuel driving through traffic.

God bless your mama, preach my brother preach. The painful part of it is that these are not on Nairaland. To see what their people are saying.

supereagle:

Go for Micra to save fuel consumption.

The bigger picture is the accompanying increase in both related and unrelated goods and services.

Bleep this government... This is so unfair... Bleep this government

omonla10:
We cannot eat our cake and still have it.. This is purely due to subsidy removal which is self explanatory due to increasing crude prices..

But on d other side, we are yet to see d effect of subsidy removal.. Minimum wage is still too low probably around $70 per month..

In saner climes, fuel cost higher, but they can afford it cos they earn well..

I know one day, we will get it right in this country

Well, the fact is, government has partially removed subsidy, not fully removed it...there is still a subsidy.

Basher8583:


Below are the respective prices of fuel per liter in the various countries:
1. Germany - N700.23
2. UK - N706.11
3. US - N331.45
4. France - N735.42
5. Ghana - N384.58
6. Benin Republic - N347.32
7. South Africa - N437.45
8. Kenya - N439.99
9. Hong Kong - N998.17

So why you wan kill ya self

https://www.globalpetrolprices.com/gasoline_prices/

eyaa! You need to read more books o, cos it really shows. There is something called purchasing power parity, read about it small. They dont spend the worthless naira in those places. Find out also how much their own currencies are relative to the dollar, then juxtapose that with their minimum wage to see how much easier it will be for them to buy that 1litre, shey you get. All those countries, except benin republic, which is just another slum like nigeria (i used lower-case on purpose, they are that worthless)

authority2006:

But most of the people crying now are the ones who supported deregulation under Jonathan. If you supported the deregulation under PDP, you shouldn't have problem with it now. Am I missing something here?

Actually, most GEJites don't support deregulation, like most Bubuites....

And what the government is doing is partial removal of subsidy, like what previous governments have done in the past. No Nigerian government wants to do the needful and allow marketers and depot owners and refinery owners set the price of fuel....because it is not politcially popular.

But meanwhile sustaining subsidy is also hard...so partial removal...which is meant to please everyone but satisfies no one.

Gilbertase:
eyaa! You need to read more books o, cos it really shows. There is something called purchasing power parity, read about it small. They dont spend the worthless naira in those places. Find out also how much their own currencies are relative to the dollar, then juxtapose that with their minimum wage to see how much easier it will be for them to buy that 1litre, shey you get. All those countries, except benin republic, which is just another slum like nigeria (i used lower-case on purpose, they are that worthless)

Benin and Niger are at our level as is Ghana.....and fuel in all three countries is above N300 per liter.

All of us are in it. No mercy