Please answer

₦34 per litre.
Yes, I said so. If you don't agree, argue with NNPC.

JILF:
Please answer

The corruption in the sector would have made petrol expensive. Corruption. Is the problem as marketers lie about the quantity of petrol they import and get paid more subsidy than they deserve. Now instead of trying to kill the corruption in the industry wile we build a refinery, they want to suffer the masses

It would have cost this present price because no more subsidy on it, according to Tinubu and his lovers

Has the strike truely been suspended?

I don't know

Maybe we would have been a better nation.

The love of money from oil is the root of oil looting in Nigeria.

If there was no much money to loot maybe people like Tinubu and Atiku wouldn't have so much interest in the presidency.

People tend to spend wiser when they are spending from a limited amount of money than when there's abundance of it.

Probably #2200 because there will be a perfect story to convince the masses that we are a non producing nation.

CivilEngineer90:
Probably #2200 because there will be a perfect story to convince the masses that we are a non producing nation.

Chai

Westerhoffe:

₦34 per litre.
Yes, I said so. If you don't agree, argue with NNPC.

NNPC will not be a major factor if Nigeria is not an oil producing country

Good question .
If Nigeria was not an oil producer(God forbid).
Nigeria will automatically be a refined products importer
heavily indedbted to imf,wb and china for access to dollars and foreign exchange

Zxcvbnmghtr:
Has the strike truely been suspended?

Yes, the strike is suspended

The first thing is the naira to dollar exchange rate
It would be
$1 to #1000 to #3000

Pms would be #1000 to #3000 per litre

I don't want to speculate on inflation🤔

Guys consider ghana pays on average 1.5 usd for fuel, which is around 693 naira, i assume nigeria would have that price aswell

Maazieze:
Guys consider ghana pays on average 1.5 usd for fuel, which is around 693 naira, i assume nigeria would have that price aswell

Have factored that 90% of oil forex is not available when you say Nigeria does not have crude oil🚴🚴🚴

JILF:
Please answer

Whatever the market price is. Nigeria isn't a microchip producing nation how much do those cost?

It depends on if government decides to subsidized or not..

baralatie:

Have factored that 90% of oil forex is not available when you say Nigeria does not have crude oil🚴🚴🚴

idk what you mean, all i did was google how much ghana pays then converted to naira
how would oil forex influence it?

Maazieze:


idk what you mean, all i did was google how much ghana pays then converted to naira
how would oil forex influence it?

Yeah!
It is a first indication .one literally just look at your neighbour and ask how do you buy.
But like I said it is not as straight forward as you put it.
To understand the magnitude of the question.
First, imagine that Nigeria does not earn a single dollar from sales of crude oil(God forbid bad thing).
It means Nigeria will need to find how to buy dollars first and this will come by loans.this is important for it to buy the refined products it needs from diesel,kerosene,petrol and aviation fuel
When you calculate the volume of litres that nnpc purchases.the exchange rate will be high first.
Now imagine what the exchange rate will be.
Then you will understand why God love Nigeria

JILF:

NNPC will not be a major factor if Nigeria is not an oil producing country

I hope you didn't take that serious?

JILF:
Please answer

Google price of petrol from Russia or Saudi Arabia and add freight costs.