₦airaland Forum

PMS PRICE PER LITRE - in & around Nigeria - 26 FEB 2024

NAIRA EQUIVALENT
1 🇲🇱Mali: ₦2,266
2 🇨🇮Ivory Coast: ₦2,289
3 🇨🇲Cameroon: ₦2,196
5 🇹🇬Togo: ₦1,832
6 🇧🇯Benin: ₦1,779
4 🇬🇭Ghana: ₦1,594
🇹🇩Chad: ****
🇳🇬Nigeria: ₦668

IN USD
1 🇲🇱Mali: $1.435
2 🇨🇮Ivory Coast: $1.450
3 🇨🇲Cameroon: $1.391
5 🇹🇬Togo: $1.160
6 🇧🇯Benin: $1.127
4 🇬🇭Ghana: $1.009
🇹🇩Chad: ****
🇳🇬Nigeria: $0.423

#StatiSense
(Global Petrol Prices)

Indicate that these are noncrude oil nations for the sake of clarity please. Stop publishing lopsoded information

ProjectsCityNG:
Indicate that these are noncrude oil nations for the sake of clarity please. Stop publishing lopsoded information

Ghana, Cameroun, Chad, and Ivory Coast are crude oil producing countries.

Still update us on their national minimum wages. Thank you

What is the essence of this post? What about African countries where fuel is cheaper than in Nigeria? See the image attached.

If you want to compare the prices, indicate the volume of oil produced by each country, and also indicate minimum wages in those countries and the exchange value of those countries' currencies to Naira. Don't just give us the Dollar value, those countries do not have Dollar as their currencies. Population is another factor to be considered.

It is stupid to use Dollar in your report because Nigerians don't use Dollar to pay for fuel at fuel stations. Even the citizens of those other African countries don't use Dollar to pay for fuel in their countries.

opamoses1:
Ghana, Cameroun, Chad, and Ivory Coast are crude oil producing countries.

What volume.of oil does Ghana produce ?


These analytics are dodgy statistics released from APC satanic head quarters that do not reflect the true extent of issues. How many of these nations floated their currenxy against foreign exchange the same time removed petroleum subsidy while increase customs tariff at the same time ?


Nigger, please

opamoses1:
Ghana, Cameroun, Chad, and Ivory Coast are crude oil producing countries.

At 49th, 52nd, 39th & 63rd globally respectively.
Your papa.

Victory662:
Still update us on their national minimum wages. Thank you

Nigeria will likely have better minimum wage than most countries on that list.

VeryWickedMan:
At 49th, 52nd, 39th & 63rd globally respectively.
Your papa.

According to your logic, If it's by crude oil production, US, Kazakhstan, Canada e.t.c should have extremely cheaper oil than Nigeria.

Minimum wage of Cape Verde is 125 dollars.
Minimum wage of Nigeria is 23 dollars.

Why use naira and dollars to compare fuel price?
Do those countries spend naira or dollars?
Why don't you calibrate in their local currencies?
Meanwhile, you can tell Tinubu to increase fuel price o. If him get mind make him do am
I want to check something

jmoore:
Minimum wage of Cape Verde is 125 dollars.

Minimum wage of Nigeria is 23 dollars.

In cape Verde, petrol is $1.34 per liter.

Kukutenla:
Why use naira and dollars to compare fuel price?
Do those countries spend naira or dollars?
Why don't you calibrate in their local currencies?
Meanwhile, you can tell Tinubu to increase fuel price o. If him get mind make him do am
I want to check something

Baseline

Goodvibes007:
In cape Verde, petrol is $1.34 per liter.

Baseline

What useless baseline? What you're doing is attempting uniformity and we all know conditions are not uniform for all the countries.
The best is to use the local currencies of each country to see how much of each is needed to procure a litre of fuel in each country. That's how to get uniformity

Senseless statistics . Last year when Tinubu removed subsidy and dollar was still N411 officially at a price of N568 that is above $1. The value of Naira has fallen and that is why your typing this rubbish. Your very stupid with your statistics your just a fool. Kill this thread before some idiots in Tinubu's adminstration remembers this.

Tinubu is a very intelligent man, i believe he will make Nigeria work

Nigeria always comparing and contrasting for the wrong reason.

ProjectsCityNG:
Indicate that these are noncrude oil nations for the sake of clarity please. Stop publishing lopsoded information

What are they producing in their countries that are more expensive in Nigeria?

Tinubu supporters will always compare nonsense.. You guys are sick in the head..

How many of those countries have or produce oil in the quantity Nigeria does.

I keep telling people
That the federal government is secretly paying subsidy, but we are not noticing it because our currency keeps on crashing, without subsidy they current free fall of naira would have brought fuel to 1800 naira per litre

magoo10:
How many of those countries have or produce oil in the quantity Nigeria does.

That's is not even the right question!
The right question is
How much is there minimum wage?
Check it out, you will still understand that at the end of the day Nigeria is in shambles,
And our government is secretly paying subsidy, if not considered the rate of dollar per naira, one litter of fuel would be 1800 naira by now

ProjectsCityNG:
Indicate that these are noncrude oil nations for the sake of clarity please. Stop publishing lopsoded information

If reality doesn't suit you don't exhibit your frustrations on public forums

We are surrounded by non oiil producing countries and they are taking advantage of this to smuggle our subsidized oil

musa234:
Tinubu supporters will always compare nonsense.. You guys are sick in the head..

If it's a bad news, you would be happy abi?

It's a reality around us for us to digest, that doesn't mean that we are the best but it shows that our govt are trying to make us a better country

Also, upload the production of crude oil per barrel of those same west African countries, compared to Nigeria.

Some people are just mischievous by nature.

Why will you compare cost of goods and not compare people's earning. This is the same mistake that all these World Bank and IMF are currently doing.

Also, are these countries oil producing countries like Nigeria? At what quantity if yes? Don't they have enough electricity that reduce dependency on fuel for power generation?


Country -- Price of PMS -- ( Minimum Wage )

NAIRA EQUIVALENT
1 🇲🇱Mali: ---------- ₦2,266 --------- (#85,500)
2 🇨🇮Ivory Coast: ---------- ₦2,289 --------- (#210,000)
3 🇨🇲Cameroon: ---------- ₦2,196 --------- (#93,000)
5 🇹🇬Togo: ---------- ₦1,832 --------- (#105,500)
6 🇧🇯Benin: ---------- ₦1,779 --------- (#105,000)
4 🇬🇭Ghana: ---------- ₦1,594 --------- (#86,125)
🇹🇩Chad: ****
🇳🇬Nigeria: ---------- ₦668 --------- (#30,500)

IN USD
1 🇲🇱Mali: ---------- $1.435 ------------- ($57)
2 🇨🇮Ivory Coast: ---------- $1.450 ---------($140)
3 🇨🇲Cameroon: ---------- $1.391------------($62)
5 🇹🇬Togo: ---------- $1.160 ------------- ($70)
6 🇧🇯Benin: ---------- $1.127 ------------- ($70)
4 🇬🇭Ghana: ---------- $1.009 ------------- ($58)
🇹🇩Chad: **** ------------- ($)
🇳🇬Nigeria: ---------- $0.423 ------------- ($20)

https://en.wikipedia.org/wiki/List_of_countries_by_minimum_wage

Omo you guys are muzzing me for real, like can't you see that this is evidence that Tinubu government is still paying subsidy on fuel, because as long as you are not producing refined products locally, you pay market price and paying way below market price like this means subsidy. Several news reports have corroborated these facts.

The best way to measure is against minimum wage

How many hours of work (on minimum wage) can get you 100 litres of petrol in each country

Seen.

if you are confused just like me

gather here

opamoses1:
Ghana, Cameroun, Chad, and Ivory Coast are crude oil producing countries.

These countries have 24/7 electricity don't even compare please