₦airaland Forum

Greyworld:
Bros forget these arm chair scholars. Why would you in the first place compare with the US who is a major importer of crude why not compare the price change with other OPEC Countries or oil Exporting nations...

Now see the difference in the UAE

This is the true reflection of the price of crude and not that product of ineptitude you experience in Nigeria.

Enough of the subsidy sermon .. remove it once and make sure we see the corresponding infrastructure(s) and a subsequent decline in price of goods as local production would be encouraged

Greyworld:
Bros forget these arm chair scholars. Why would you in the first place compare with the US who is a major importer of crude why not compare the price change with other OPEC Countries or oil Exporting nations...

Now see the difference in the UAE

This is the true reflection of the price of crude and not that product of ineptitude you experience in Nigeria.

Enough of the subsidy sermon .. remove it once and make sure we see the corresponding infrastructure(s) and a subsequent decline in price of goods as local production would be encouraged

dele1727:
Is the below rate correct?

SarkinYarki:
I specifically warned y'all about Buhari

dele1727:


The word in the bible holds true for many Nigerians...
My people perish for lack of knowledge

A lot of people just live on this earth without understanding their environment....

Nigeria and the Government is the cause of everything wrong with them and their lives ....

https://www.caranddriver.com/news/a39338671/us-gas-prices-skyrocketing-future/..

Due to the sanctions the USA and its Allies are leveling against Russia the second largest producer of crude oil ....The cost of all the components of crude oil has gone up by as much as 50% in majority of countries that import stuffs like Aviation fuel, diesel and petrol....

In Nigeria... unlike sensible countries.... petrol is still been subsidies but kerosene and diesel is not and therefore when there is an increase in the open market....it shows here....


Nigerians should learn to seek for the right information instead of just shouting up and down like fools without knowledge cursing themselves and their country...

The bible says my people perish for lack of knowledge....what you don't know will make everyone know you are a fool

But if Petrol can be sold in the USA that has oil just like majority of Nigerians claim they have for $2-$3 per litre which is approximately 950-1350 naira per litre... I don't understand why we still selling at 165 naira per litre ....

It's suicide and we are killing ourselves gradually....

dele1727:
And how much is this Dora's in nigeria naira

dele1727:
....but they have oil...why should increase at all?

dele1727:


The word in the bible holds true for many Nigerians...
My people perish for lack of knowledge

A lot of people just live on this earth without understanding their environment....

Nigeria and the Government is the cause of everything wrong with them and their lives ....

https://www.caranddriver.com/news/a39338671/us-gas-prices-skyrocketing-future/..

Due to the sanctions the USA and its Allies are leveling against Russia the second largest producer of crude oil ....The cost of all the components of crude oil has gone up by as much as 50% in majority of countries that import stuffs like Aviation fuel, diesel and petrol....

In Nigeria... unlike sensible countries.... petrol is still been subsidies but kerosene and diesel is not and therefore when there is an increase in the open market....it shows here....


Nigerians should learn to seek for the right information instead of just shouting up and down like fools without knowledge cursing themselves and their country...

The bible says my people perish for lack of knowledge....what you don't know will make everyone know you are a fool

But if Petrol can be sold in the USA that has oil just like majority of Nigerians claim they have for $2-$3 per litre which is approximately 950-1350 naira per litre... I don't understand why we still selling at 165 naira per litre ....

It's suicide and we are killing ourselves gradually....

bergs2:
I know the landing cost nonsense will be their escape route.
How can you explain to sane people that the crude oil you exploited from Nigeria was transported overseas by Nigerian vessels for refining only for the same product to be fared back to Nigeria with a landing cost narrative.
This is absolutely insane and illogical.

SarkinYarki:
I specifically warned y'all about Buhari

Cognitivereason:
Many of u shouting buhari but praise US for their sanctions are completely daft and stupid...

The rise is in aviation fuel is due to crude oil price rising and the artificial scarcity created by the US sanctions..

Buhari or NNPC don't have control over any petroleum product except Gasoline...

To bring down the price..
Dollar has to come down since we import it and dangote refinery has to start working to save shipping cost..
Even at this ..the product must still sell at international price except u want government to subsidize the product too

pmc01:
I will just advise folks back home in Nigeria to invest some of their savings. It's better to have little trickle in as returns (please ignore all these sharp money doubling schemes) than spend it all trying to survive a bad economy.

Even if it is 2% trickling in monthly, it's still better, honestly. You just have to fashion out a means to brace yourself against the spiralling Nigerian economy.

A word is enough for the wise. 3 million or even 5 million might not necessarily be sufficient to relocate you to Europe or the Americas, but if you put it into something and it's growing slowly but steadily, you can achieve your ambition to move abroad permanently in no time.

I created a discussion around this already and will be willing to engage further discourse on it.

dele1727:


The word in the bible holds true for many Nigerians...
My people perish for lack of knowledge

A lot of people just live on this earth without understanding their environment....

Nigeria and the Government is the cause of everything wrong with them and their lives ....

https://www.caranddriver.com/news/a39338671/us-gas-prices-skyrocketing-future/..

Due to the sanctions the USA and its Allies are leveling against Russia the second largest producer of crude oil ....The cost of all the components of crude oil has gone up by as much as 50% in majority of countries that import stuffs like Aviation fuel, diesel and petrol....

In Nigeria... unlike sensible countries.... petrol is still been subsidies but kerosene and diesel is not and therefore when there is an increase in the open market....it shows here....


Nigerians should learn to seek for the right information instead of just shouting up and down like fools without knowledge cursing themselves and their country...

The bible says my people perish for lack of knowledge....what you don't know will make everyone know you are a fool

But if Petrol can be sold in the USA that has oil just like majority of Nigerians claim they have for $2-$3 per litre which is approximately 950-1350 naira per litre... I don't understand why we still selling at 165 naira per litre ....

It's suicide and we are killing ourselves gradually....

ambale:
Oga economist, what is the cost of Nigeria having a functional refinery

And what happened to creating wealth for the citizens to meet some of this demands.

Panda7:
why won't it skyrocket. how are jet fuel produced? are they not produced from crude oil?[s] have nigerian government allowed the owners of crude oil to control this their natural resource and create industry and refineries to produce the finish goods. isn't the northerners and south westerners also fighting for this same oil instead of focusing on their region and their own resources?[/s]

prettyboi1:
Buhari is the father of poverty, I've been saying that for a while now. You can argue & say oil prices are determined by the global market, if you do that, you would also have to tell me if inflation & breakdown of everything are sold on a global market. Now, it's obvious that Buhari only wanted to be Nigeria's president only for the title, he clearly had no vision for the country the 4 times he ran. As terrible as Goodluck Jonathan performed as president, Buhari has even outperformed him(Goodluck) in terrible performance.

Cognitivereason:
The same goodluck DAT couldn't maintain the refinery or delivery infrastructure even with the relatively good oil prices and production rate...

The reason why we r in this mess is because previous government allowed the local refinery to fail...it is the same buhari that began support modular refinery to come up ..began rehabilitating portharcourt refinery..and supported Dangote massively to start his refinery ...

If goodluck did all this ..won't be have a functioning refinery to alleviate this mess by now?..
All what Bubu did for the petroleum sector...the product will only be witness during the next administration... The same way..we witness the product of the failure and neglect of this sector in his tenure by past administration

Naturalobserver:
Send me the link to the discussion

prettyboi1:
Stop making excuses for Buhari. Goodluck was useless, Buhari is more useless. 2 clueless 'leaders'.

dele1727:


The word in the bible holds true for many Nigerians...
My people perish for lack of knowledge

A lot of people just live on this earth without understanding their environment....

Nigeria and the Government is the cause of everything wrong with them and their lives ....

https://www.caranddriver.com/news/a39338671/us-gas-prices-skyrocketing-future/..

Due to the sanctions the USA and its Allies are leveling against Russia the second largest producer of crude oil ....The cost of all the components of crude oil has gone up by as much as 50% in majority of countries that import stuffs like Aviation fuel, diesel and petrol....

In Nigeria... unlike sensible countries.... petrol is still been subsidies but kerosene and diesel is not and therefore when there is an increase in the open market....it shows here....


Nigerians should learn to seek for the right information instead of just shouting up and down like fools without knowledge cursing themselves and their country...

The bible says my people perish for lack of knowledge....what you don't know will make everyone know you are a fool

But if Petrol can be sold in the USA that has oil just like majority of Nigerians claim they have for $2-$3 per litre which is approximately 950-1350 naira per litre... I don't understand why we still selling at 165 naira per litre ....


It's suicide and we are killing ourselves gradually....

prettyboi1:
Stop making excuses for Buhari. Goodluck was useless, Buhari is more useless. 2 clueless 'leaders'.

Ventura1:
They should increase the cost of their services as well. The situation is not peculiar to Nigeria, the increase in crude oil prices is responsible, why cry woof when there's none.
My worry is the scarcity of bread that is looming.

Cognitivereason:
It will cost over $20Bn to build a refinery that will meet all of Nigeria's demand..

inoki247:
Diesel is now 700 in my area the country don finally enta full time one chance....