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Electricity Deregulation  => Costly, yet Epileptic Power, where you have it
Kerosine Deregulation => #300/Beer Bottle!
Gas Deregulation => #650 per Cylinder
Cement Deregulation => #2,500 per bag
Petrol Deregulation (Price hike over ten times in 10years!) => #195 per liter

Even a fool knows by now, that DEREGULATION IS JUST ABOUT MAKING MORE MONEY AVAILABLE FOR STEALING BY GOVT OFFICIALS!

It has NOTHING TO DO WIT AVAILABILITY OF THE PRODUCT/RESOURCE!


Yes, Fleece the Poor Citizens so we can have more money to steal!
Poor, docile citizens, l guess they deserve what they're getting; FOR BEING SO DOCILE! 

@engineerd
Right on! But the scary thing is that the earth will shake when the docile ones finally wake up!
the scariest people are those who don't have jack to loose! Nigerians are pretty much almost there!

Imeobong:

The pple in Govt I know will regret this one day, cause Just like Libya, Tunisia and the rest, Nigerians will wake up one day and say enough is enough

hardbody:

All talk and no action by the populace. The pattern is very simple and consistent. First of all there will be scarcity, and rather than people sit at home, they will come out and trek, others will lay siege atthe filling stations and buy fuel at say N200/litre. After a while, the fuel price will officially be pegged at N170/litre. the next thing, people will shout Halleluya, noting that at least the price has 'come down' and at any rate, it is now 'affordable'. Meanwhile some fatcats will be smiling to the treasury and stashing our money away.

As for me ooo, no regrets. If they want, the fuel can sell for N500/litre. My promise, i will continue to drive, however, whenever our people are ready and willing to come out of their docility to challenge the status quo brutally and violently, i will be there to lend my support, until it happens, we deserve all that we are getting.

Siena:

So the hike is from £0.26p - £0.80p per litre. In the UK, average is £1.40 per litre. Not sure what it is in the US, but either way, you guys are doing great. 

The obvious solution would be to buy smaller, lighter cars with engines 1,400cc and below. Lots of Nigerians love big SUV's with big, juicy engines - you'll be the most hard hit! 

Kx:

Another imported analysis to home grown problem.

Why dont u compare d availability of social amenities, quality of life, living standard, cost of living in both nations b4 u compare cost of fuel in both nations?

Siena:

Sorry bro, but my point is still pretty valid here.

There are quite a few issues that level things out, regardless of the countries. Local taxes, is just an example. Work out the gross wage in Nigeria, and do the same in the UK / US. Then work out what's left after taxes, you'll find that on average, in Nigeria you retain a big chunk of your salary. In the UK / US, you pay a massive portion in taxes, then you Council Tax takes a large chunk from the remainder.

Why do you think the average Nigerian will build / buy a house without a mortgage, whilst in the West, it's the reverse, where a particular lifestyle is often founded on credit?

Work things out bro, and you'll find the average Nigerian is better off than the average Brit, fuel subsidy or not.

Kolababa:

I dont know why people compare Nigeria with US and UK when it comes to the issue of petroleum deregulation. An average briton and american do not know when the fuel price goes up or down since their transportation system does not depend on petrol or deisel. Trains are there that is very cheap. Elecricity is stable, no headache of fuel for my "i better pass my neighbour". They use gas and elecricity for cooking. Manufacturing sector does not depend on fuel for power. But in Nigeria, all our economic life revolves round the fuel and any slight change in price of fuel in Nigeria will surely take a toll on every areas of the economy.
Pls leave theory you read inside book for your children at home, we all know the theory. Abi we sha go to school.
In UK and US, no matter the tuition fees, that one is not a problem, study loan is there for you but in Nigeria, even bursary award, government will not pay.
Government will give scholarship, the money will be given to the children of big men. When Obasanjo was giving out federal government scholarship, there was a guy that used to sell his blood to the hospital to pay the school fees, the guy applied, he was not given but his classmate who has a uncle in the federal ministry of education got the money and she used part of the money to buy rechearge card and the remaining for birthday.
So comparing Nigeria with US, UK and others, KO JO ARA WON RARA.king. Manufacturing sector does not depend on fuel for power. But in Nigeria, all our economic life revolves round the fuel and any slight change in price of fuel in Nigeria will surely take a toll on every areas of the economy.
Pls leave theory you read inside book for your children at home, we all know the theory. Abi we sha go to school.
In UK and US, no matter the tuition fees, that one is not a problem, study loan is there for you but in Nigeria, even bursary award, government will not pay.
Government will give scholarship, the money will be given to the children of big men. When Obasanjo was giving out federal government scholarship, there was a guy that used to sell his blood to the hospital to pay the school fees, the guy applied, he was not given but his classmate who has a uncle in the federal ministry of education got the money and she used part of the money to buy rechearge card and the remaining for birthday.
So comparing Nigeria with US, UK and others, KO JO ARA WON RARA.

Another "imported analysis" to home grown problem.

Why dont u compare d availability of social amenities, quality of life, living standard, cost of living in both nations b4 u compare cost of fuel in both nations?

Siena:

Comrade Kx, I'm struggling to understand all you typed up there.

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@Siena:
I think we should be honest when we do these comparisons and not compare "Apples and Oranges", lest we get lost in the middle confusion.

Let us take a basic yardstick: A Teacher in Nigeria and his counterpart in U.K.

I wish l could draw a "table" on NL so that l can draw immediate parallels between both but then we'll manage.

In Nigeria, he earns an average of #50,000:00  (or 208 GBP) (recent increase taken into consideration otherwise it was like 30K!). He pays tax at 21%, same average in the U.K (PAYE).
U.K counterpart earns on the average 500GBP ( #120,000:00).
This is the first indication of "Apples and Orange syndrome", when we compare the two!

His U.K counterpart, if married and the wife is not working, will be entitled to a whole bucket of "means-tested" benefits that could total over 500GBP in a month on the average (child benefit, early child care allowance, Back to school allowance, Job Seekers allowance, fuel allowance, e.t.c).
His Nigerian counterparts gets nada! Zilch!! that salary is what he has to share with his wife and children, no social safety net in anyway!

Now, if you total the "disposable income" of both families, you will get: Nigerian: #50,000 or 210 GBP.  British: about #250,000 or about 1,000 GBP

In Naira or Pounds, how can you compare both of them?

If both of them have 3children of both sexes, lets assume they live in a 3Bedroom house.
In Nigeria, that would cost you #500,000/year (or about 2,100 GBP).
In the U.K, it will cost about 600 x 12 = 7200GBP. 

But the beauty of the U.K, when compared to Nigeria is that he can opt for a council house where he pays about 150GBP/month! Otherwise, he can file for "Housing Supplement" by which he contributes less that 10% or 60GBP to his house rent while the govt pays the rest!

The beauty of Nigeria, on the other hand is that the five of them in the family cannot even dare to dream of renting a 3-Bed house! Who dash monkey?
They would all be crowded in a Room and Parlor (doing fabulously for a teacher, by Naija standards! ) which costs on average, #250,000 annually! He gets no housing subsidy or Council flat from anywhere!

Now, this same Nigerian teacher has to feed 3kids and wife from that same salary (#600,000 a year, minus house rent of 250K = #350,000!)
He has to pay school fees for 3kids while his counterparts children enjoy "Free Education", the quality of which would cost #500,000 for each child/year in Nigeria while his British counterparts children enjoy free education, the "quality" of which is comparable to those that costs #500,000 per year, per child, in Nigeria! (the likes of British American, Corona College, American Int'l School, Lekki)

The Nigerian Teacher has to buy a Generator (I better-pass my Landlord! ), he has to keep fueling it almost 24/7 while his counterpart in the U.K enjoys uninterrupted power 24/7 and can therefore leverage on bulk-buying of foodstuffs in the home as it can be properly preserved!

Our Nigerian teacher must hop to the market every two days as he cannot preserve food in the house due to lack of stable electricity (cost of transport, lost man-hours spent on the road, rising cost of food, risk of commuting, e.t.c)

Anyone that has lived in U.K or Europe knows that food is the cheapest of all things you can buy (no wonder some of my Bros look like that "Obese Michelin Advert" after just 6months abroad! ).
Our Nigerian counterpart will have to fork-out close to 50% of his income on buying food and foodstuffs for his family! Just go to Ketu and see the cost of Tomatoes, Rice, Gari, yam, e.t.c
My Dad once told me a story of how the "whites/ Brits" were surprised that Nigerians eat Bokotoo  and Ponmo (Cow-leg, expensive big-man's food), something they throw away in the U.K and Cow-skin that has no nutrition at all!! Such is life!!

I dont want to go on and on but l went this far just to show that comparing "costs/pricing" of commodities in Nigeria with U.K and therefore concluding we are better-off. is like comparing Apples with oranges, THERE IS NO BASIS TO DO SO!

Remember, Mainland U.K does not even produce Crude Oil while Nigeria does!
If cheaper pump-price of Petrol is the only thing we can show for been a Nigerian, then let it be!

I bet if Nigerian Political class (of Looters) were like U.K Politicians without any source of crude oil, Brits would be paying 20GBP per liter of fuel (so they can have spare money to loot), thats how wicked our leaders are!.

The problem is NOT UNDER-PRICING OF Petroleum Products!
The problem is unbridled corruption and looting of our national wealth by a few people in Govt.

Eradicate these and you will see that the govt can even afford to put every school-age child on "Back To Education" allowance!.
Ask the Europeans how they do it.

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We are not on the same level and we can never be as long as the Nigeria Politicians are working round the clock to loot the treasury dry and impoverish the masses while their UK counterparts are busy improving the standard of living of the average Brits even if it requires waging war on smaller countries to exploit and export their resources for their own people just to make their life better.