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Nairaland Forum / Nairaland / General / Politics / Price Of Petrol Across The World In Naira Per Litre - July 2022 (6648 Views)
Expected Petrol Pump Price Drops To N114.53 Per Litre / FG Plans N97 Per Litre Fuel For Common Man / Finally, Fuel Will Be Sold At 60 Naira Per Litre From 12th June 2019 (2) (3) (4)
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Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by excanny: 2:10pm On Jul 26, 2022 |
You didn’t see Libya and Venuzuela? |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by GoodMuyis(m): 2:26pm On Jul 26, 2022 |
Acidosis: If this informative post pass your IQ level, you should have just passed rather than being aggressive (My Post hurt no one). Information is for knowledge not fighting. Asking me to stop is more like denying me a fundamental human right 1 Like |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Okoroawusa: 2:37pm On Jul 26, 2022 |
skj1377:Chimoooo! How una dey take survive for that Ghana sef? |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by jmoore(m): 2:40pm On Jul 26, 2022 |
Buhari apologist scoring an own goal. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Indispensable85(m): 2:43pm On Jul 26, 2022 |
GoodMuyis: Try post dia minimum wage in naira too |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by RealLagosBoy: 2:47pm On Jul 26, 2022 |
Lastbornbuns: It's not true. He has finished his 5BEDROOM DUPLEX in the village from the money he is earning over there. He relocated to Uk in 2015. My wife has been working since 2016 but doesn't have upto 500k as her savings. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Nobody: 2:50pm On Jul 26, 2022 |
SpatialKing: Venezuela also has zero refineries and a severe smuggling of fuel problem. And it's oil industry is moribund Sell at a loss,operate at a loss. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Nobody: 2:52pm On Jul 26, 2022 |
Ruggedniggaone: They did it at the expense of their petroleum industry. As a result their refineries work at extremely reduced capacity. They also lose billions to smuggling of fuel out of their country. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Nobody: 2:53pm On Jul 26, 2022 |
omenka: Most of them are at our level or even worse. Or is Niger better than Nigeria? |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by rolams(m): 2:56pm On Jul 26, 2022 |
GoodMuyis: But you can see 12 and 22 from two countries right? |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Nobody: 3:07pm On Jul 26, 2022 |
excanny: Libya has five million people and produces five times more crude than Nigeria. They have the cash to pay for refineries, subsides and still have more than enough left over. Venezuela is a worse version of Nigeria. Their subsidy is why they are a net importer of crude oil, and why their largest refinery went from refining 900000 BPD to 100000bpd |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Nobody: 3:10pm On Jul 26, 2022 |
Thanksful: All west African nations have fuel prices above 400 naira,and all of them have minimum wages between 20-30 thousand naira except for Chad which is around 40000 naira monthly |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Hospitable: 3:14pm On Jul 26, 2022 |
How much is their minimum wage? |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Oddfinder01: 3:15pm On Jul 26, 2022 |
kernniejay:I tire. Lybia oil producer 12 naira Nigeria oil producer 173 naira. The difference is clear..Lybia thats even a war thorn country fa 1 Like |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Hospitable: 3:15pm On Jul 26, 2022 |
[how much is their minimum wage?quote author=AdaoraNK post=115095588] Algeria and Angola are also oil producing countries in Africa [/quote] |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Lastbornbuns: 3:18pm On Jul 26, 2022 |
RealLagosBoy:£1200 since 2015? Your cousin did not tell you the truth. It is not possible to be earning £1200 per month in the UK and have enough left after meeting all your expenses to build a duplex. £1200 is not even up to minimum wage assuming its broken down to hourly earnings. Besides he is living there and paying bills there. So stop converting the income alone to Naira. 2 Likes |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Nobody: 3:22pm On Jul 26, 2022 |
Oddfinder01: Nigeria would be like Libya if we had just ten million people, and were producing up to five times the crude we produce, at a price above 80 dollars per barrel. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Nobody: 3:22pm On Jul 26, 2022 |
kernniejay: A good number of those nations with prices higher than Nigeria's are crude oil producers...Ghana, Niger, Russia, etc. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by PetroDolla2020: 3:32pm On Jul 26, 2022 |
Fuckeduppedness. My guy, you made my day! kernniejay: 1 Like |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Achilles881: 3:41pm On Jul 26, 2022 |
This is exactly what Peter obi is saying, increase the earning power of Nigerians by investing in smes to boost production, your money value will improve and while subsidy will be removed, Nigerians can then afford it. The price of petrol during Jonathan's era was #87 but the exchange rate was #160 officially, which means that 160= 650 today, giving us an approximate cost of 90 = 350 meaning that the equipment of #87 we buy fuel in 2014-15 is # 350 meaning that buhari is selling at half the price Jonathan was selling, so why are Nigerians complaining? Nigerians are complaining because the incompetent administration has reduced the earning power of Nigerians, due to their cluelessness, if 87 then =350 now but you still make 87 instead of 350, it then means that your earning power has decreased by almost four times meaning that you can only afford fuel if it's 2014 at the price of 21 this is about four times less than what you can afford in 2014. 1 Like |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Oddfinder01: 4:39pm On Jul 26, 2022 |
twentyfivekobo:Our population is even an added advantage. But had become a disappointment to us. Same as the crude we have |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by jumper524(m): 4:39pm On Jul 26, 2022 |
omowolewa:govt should fix electricity and end subsidy. That way we'll save more to fraud. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by email1(m): 4:55pm On Jul 26, 2022 |
Very biased topic. Put it side by side with purchasing power and minimum wage. Don't just quote figures to justify what you want. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by sunny1703: 5:00pm On Jul 26, 2022 |
So what stops us from selling at per with Iran and Venezuela which prices are below N25. GoodMuyis: |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by lottomkyes200: 5:08pm On Jul 26, 2022 |
Hmmm this is how you fail math in school. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by wirinet(m): 5:08pm On Jul 26, 2022 |
Oddfinder01: How can our population be an added advantage when 76 million of us are illiterate and 95 million of us live in poverty? 1 Like
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Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by nnamdi640: 5:29pm On Jul 26, 2022 |
After comparing, make sure you compare the average salary of those workers over there to that of Nigeria because I want to see something. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Nobody: 5:59pm On Jul 26, 2022 |
Oddfinder01: The thing is, we pay less than the cost of what it costs to refine one liter of petrol as our pump price, and government pays a subsidy to cover the resulting losses. That's what fuels the corruption and the disaster in the petroleum sector. If we want to be like Libya, we have to produce five times more crude than we do now, and have a population less than ten million, so that we can earn enough to refine fuel at home, pay for maintenance and upgrade costs, and once we refine fuel at N500 per liter, we can sell it at N100 per liter and have enough money to pay a subsidy of N600 per liter. But we can't do that. Heck, more people own cars in Nigeria than there are Libyans. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Nobody: 6:07pm On Jul 26, 2022 |
sunny1703: 1.Venezuela sells fuel at a low price...and thanks to that they have severely diminished refining capacity (their main refinery has gone down from refining 900000 bpd to 100000bpd in twenty years.). And massive smuggling, and also they import...infact are a net importer of refined product. They also lose 18 billion dollars to smuggling of fuel out of their country...just like Nigeria. 2.Iran has subsidy, and even manages to keep their refineries working. They also have a debt that makes ours look like chicken feed, and their government too wants to remove subsidies...but their people are like Nigerians, and say no. If you want functioning refineries, you are either like Libya or Saudi that earn enough money to subsidise and keep their refineries running at the same time due to producing more than we do, and having smaller populations, OR you sell fuel at a profit...like most sane countries do...including Niger Republic. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Nobody: 6:12pm On Jul 26, 2022 |
email1: Many of the countries of West Africa have higher fuel prices and similar or lower minimum wage than we do. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by skj1377(m): 3:32am On Jul 27, 2022 |
Oga I bought diesel fuel yesterday at 13.69cedi(ghc). The 10.5cedi your talking about was in January. silibaba: 1 Like |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by wirinet(m): 9:42am On Jul 27, 2022 |
skj1377:That's still about N600. How come Ghanians have not rioted or at least protest against the government due to the increase in price of petrol. They are not even dissing the government and the country on social media. 2 Likes |
Plateau: Ex Mangu LG Workers Vow To Work Against PDP's Candidate, Caleb Mutfwang / FG Affirms Plan To Achieve 10,000MW By December / Majority Of Nigerians Are Corrupt And Dishonest People. Let's discuss!
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