₦airaland Forum

If NNPC was selling petrol at 617 naira when 1 dollar = 1,600 naira, then at the current rate of 1 dollar to 1,100 naira, petrol should be sold currently at 424 naira per liter.

That's because our refineries are not operating

arfe:
That's because our refineries are not operating

We are importing petrol. Therefore the rise in naira should reflect on the price of imported petrol.

We are getting there. Our president will make Nigeria proud.

Agreed! NNPC are yet to announce new price. It should not go beyond 500 at all.

Petrol that is been subsidized

tollyboy5:
Agreed! NNPC are yet to announce new price. It should not go beyond 500 at all.

Are you normal?

SpatialKing:
Are you normal?

he's a kid that never crossed long bridge in Lagos to other parts of Nigeria

SpatialKing:
Are you normal?

At the exchange rate of ₦700 to a dollar I think it was ₦488 for Lagos price after subsidy was removed.
The goal is to remove subsidy so if you want it to go below ₦400 then dollar to naira will have to be around ₦500

Petrol today is $2.98 per gallon for in some part of USA like Ammarillo.

—3.785 liters make a gallon

—That means one liter cost $0.787

In today rate of $1 to N1100, that’s like N865 naira.

That’s using USA, lot of factor determine the price including taxes and etc. In other countries, the price is lower than this.

jmoore:
If NNPC was selling petrol at 617 naira when 1 dollar = 1,600 naira, then at the current rate of 1 dollar to 1,100 naira, petrol should be sold currently at 424 naira per liter.

NNPC was selling petrol around 600-675 in December when dollar was 900-970.

sweerychick:
he's a kid that never crossed long bridge in Lagos to other parts of Nigeria

Mumv Na you dey monitor my movement Na. I was in warri last two years for my friend's wedding.

You want me to wail bah? You just jump from one thread to the other having zero sensible word to say. The only thing you want to do is wail.
Wailing wailer is not a good job

LegendHero:
Petrol today is $2.98 per gallon for in some part of USA like Ammarillo.

—3.785 liters make a gallon

—That means one liter cost $0.787

In today rate of $1 to N1100, that’s like N865 naira.

That’s using USA, lot of factor determine the price including taxes and etc. In other countries, the price is lower than this.

1 liter costs 0.9$ in USA currently.
That's like 900 naira per litre.
In Nigeria it costs N600 per litre

Wainey:
NNPC was selling petrol around 600-675 in December when dollar was 900-970.

So why did it not go up to 1,000 naira per litre when dollar was 1,600 naira?

This thread will expose many things. Are they paying subsidy but are lying that subsidy is gone?

Wainey:
1 liter costs 0.9$ in USA currently.
That's like 900 naira per litre.
In Nigeria it costs N600 per litre

It depend on your part of USA. Not all USA states have same pricing.

In ATL, it’s like $3.4 per gallon today. But in some part of Texas, it is far lower.

Some states tax gas higher even beside the transportation cost and other logistics stuffs.

Some part of Nigeria sell petrol above N600 that they have it in Lagos.

jmoore:
So why did it not go up to 1,000 naira per litre when dollar was 1,600 naira?

This thread will expose many things. Are they paying subsidy but are lying that subsidy is gone?

They can argue that they still have old stocks at that time. Like they are still selling old imported petrol.