Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote - Politics (2)

Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote (25620 Views)

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Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by ActiveFarms: 5:56pm On Sep 27, 2024

Foolish talk from a greedy glutton that is trying to guilt trip and entire nation to become his slave

4 Likes

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by Dbeliever(m): 6:00pm On Sep 27, 2024

That man called Dangote must be a fool!!!.
Prudency of government expenditures and infrastructural development as well as standard of living can you compare the two countries? Why is he finding it difficult to reveal the actual price he is selling PMS to the NNPC?

4 Likes

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by NinjaMetahuman: 6:02pm On Sep 27, 2024

ClearFlair:
Does it even matter. Compare minimum wage first

the minimum wage of Saudi is not enough for them to survive, same way it's not enough to survive in Nigeria.

Minimum is not living wage.

Learn the difference.

3 Likes 1 Share

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by yinkeys(m): 6:02pm On Sep 27, 2024

Dangote, Mr. Bill Gates friend is a capitalist
Strictly out for profit
That’s all lol

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by fatboyslym007: 6:04pm On Sep 27, 2024

trutharena:
Aliko Dangote, the man with the plan.

Exactly, by creating the subsidy sentiment true landing cost of PMS would be higher... Most Marketer would be forced to load from him.

Rather than tackle marketers tackle the policy that keeps them in the competition...

This is rather a 2 way sword... By removing subsidy the pressure on FX reserve would be reduced. Giving the CBN more leverage to intervene in FX rates... Lower exchange rate means lower fuel prices. So I can't complain.

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by ednut1(m): 6:06pm On Sep 27, 2024

ClearFlair:
Does it even matter. Compare minimum wage first

its an internationally priced product. Do you consider minimum wage for price of things like mobile phone or cars huh

Iphone 16 price in usa is the monthly salary of a cleaner. Same iphone is 3-4m in Nigeria. 🥴

1 Like

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by Kobojunkie: 6:06pm On Sep 27, 2024

NinjaMetahuman:
the minimum wage of Saudi is not enough for them to survive, same way it's not enough to survive in Nigeria. Minimum is not living wage. Learn the difference.

Stop lying! Saudi minimum wage is by far better than what you have in Nigeria, a slave wage. i.e. falls below the $2.15/day abject poverty line. undecided

1 Like

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by Matrixoba: 6:06pm On Sep 27, 2024

What are you trying to defend here?
Is the comparison even necessary in the first place given the standard of living of the two countries?
So you are proud of how things are in this country?
Such pity 😔 😔 😔 😔

ObosiLandlord:
Yes, it matters a lot. Nothing is stopping you from also creating a thread where you can compare the minimum wage

2 Likes

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by Basicend: 6:07pm On Sep 27, 2024

VeeVeeMyLuv:
Saudi minimum wage is 4000 riyals

1 riyal = 444 naira

Saudi minimum wage in naira is 4000 x 444 = 1,779,086.93 naira!

Nigerian minimum wage is just a paltry 70k that they are yet to implement.

And you want somebody in Nigeria to pay the same amount for petrol those in Saudi pay? Haba Alhaji

Hmm, it's just about him and his business. Selfish & wicked souls.

1 Like

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by fineboynl(m): 6:08pm On Sep 27, 2024

This people don’t even know what cheaper means. If the naira appreciate to 400 to a dollars today will he said the same thing?

Clearly this people don’t even understand the basis of econony and people like tinubu have no business as president of a country.

You devalued the naira and saying fuel in cheaper in your country after increasing it to about 600%.

2 Likes

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by Kobojunkie: 6:08pm On Sep 27, 2024

ednut1:
its an internationally priced product. Do you consider minimum wage for price of things like mobile phone or cars Iphone 16 price in usa is the monthly salary of a cleaner. Same iphone is 3-4m in Nigeria. 🥴

Internationally priced by NNPCL? Are you for real? huh

1 Like

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by AngelicBeing: 6:12pm On Sep 27, 2024

ivandragon:
Hmm...

Most of these analysis that requires conversion from one currency to the other are often misleading and negate what truly matters, which is the purchasing power of the common man, primarily, the least paid workers.

A straightforward analogy which makes more sense is how much fuel can be bought with the minimum wage?

The average minimum monthly wage in Saudi Arabia is about 4000 SAR. PMS averages at about 2.3 SAR per litre. So 4000 SAR gets you about 1700 litres of PMS.

In nigeria, with minimum wage at N70000 and pms averaging N1000 per litre, your minimum wage gets you 70 litres of pms.

Case closed. Any other calculations or conversions are just exercises in futility because the purchasing power of the masses in any country is what matters most.

Look at USA. Average minimum monthly wage is about $1200. Average pms price is $1 per litre. So minimum wage in USA gets you about 1200 litres of pms.

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by Jeje247: 6:15pm On Sep 27, 2024

ivandragon:
Hmm...

Most of these analysis that requires conversion from one currency to the other are often misleading and negate what truly matters, which is the purchasing power of the common man, primarily, the least paid workers.

A straightforward analogy which makes more sense is how much fuel can be bought with the minimum wage?

The average minimum monthly wage in Saudi Arabia is about 4000 SAR. PMS averages at about 2.3 SAR per litre. So 4000 SAR gets you about 1700 litres of PMS.

In nigeria, with minimum wage at N70000 and pms averaging N1000 per litre, your minimum wage gets you 70 litres of pms.

Case closed. Any other calculations or conversions are just exercises in futility because the purchasing power of the masses in any country is what matters most.

Look at USA. Average minimum monthly wage is about $1200. Average pms price is $1 per litre. So minimum wage in USA gets you about 1200 litres of pms.

Our suffer done tey. Even when petrol was #65 per litre, minimum wage was #18,000 which could get just 277 litres of fuel

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by etin06(m): 6:15pm On Sep 27, 2024

ednut1:
its an internationally priced product. Do you consider minimum wage for price of things like mobile phone or cars Iphone 16 price in usa is the monthly salary of a cleaner. Same iphone is 3-4m in Nigeria. 🥴

Learn economics, there is different between necessity and luxury goods.

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by haconjy(m): 6:18pm On Sep 27, 2024

Stupid conclusion. Comparing China to Nigeria. They will never compare Nigeria to China well it comes to developments and growth. This proposition is ment for mumu, Yoruba ronu or illiterate.

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by maxiuc(m): 6:19pm On Sep 27, 2024

slaawomirr:
Damnnn niggar

If them like make them continue to dey increase petrol prices

Me nor go buy fuel again

I don park my lexus for compound

Nor be me V6 engine want dey suck he money with double exhaust

welcome to 2GR engine

1 Like 1 Share

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by SmartPolician: 6:19pm On Sep 27, 2024

ivandragon:
Hmm...

Most of these analysis that requires conversion from one currency to the other are often misleading and negate what truly matters, which is the purchasing power of the common man, primarily, the least paid workers.

A straightforward analogy which makes more sense is how much fuel can be bought with the minimum wage?

The average minimum monthly wage in Saudi Arabia is about 4000 SAR. PMS averages at about 2.3 SAR per litre. So 4000 SAR gets you about 1700 litres of PMS.

In nigeria, with minimum wage at N70000 and pms averaging N1000 per litre, your minimum wage gets you 70 litres of pms.

Case closed. Any other calculations or conversions are just exercises in futility because the purchasing power of the masses in any country is what matters most.

Look at USA. Average minimum monthly wage is about $1200. Average pms price is $1 per litre. So minimum wage in USA gets you about 1200 litres of pms.

Nairaland needs more visitors with working brains like you. Well done 👌👌👌

2 Likes

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by spiSeyi: 6:22pm On Sep 27, 2024

This is an uneven comparison can you compare minimum wage, quality of life in Saudi to Nigeria undecided

. Saudi Arabians can afford to fill up 3 cars in a day whereas 98% of Nigerians can't afford to buy 10 liters of fuel comfortably.
Nigeria is the only Oil producing country without a 24 hrs power supply and with the highest rate of poverty.
Dangote+ FG + NNPCL are the same con men and they are collectively playing Nigeria. Have you ever wondered why Dangote can't disclose the cost at which he is selling fuel to NNPCL L. huh

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by ednut1(m): 6:23pm On Sep 27, 2024

Kobojunkie:
Internationally priced by NNPCL? Are you for real?

crude oil is international priced. Produced by oil companies like shell and co who give NNPC their own share of the production.

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by Mayflowa(m): 6:24pm On Sep 27, 2024

ivandragon:
Hmm...

Most of these analysis that requires conversion from one currency to the other are often misleading and negate what truly matters, which is the purchasing power of the common man, primarily, the least paid workers.

A straightforward analogy which makes more sense is how much fuel can be bought with the minimum wage?

The average minimum monthly wage in Saudi Arabia is about 4000 SAR. PMS averages at about 2.3 SAR per litre. So 4000 SAR gets you about 1700 litres of PMS.

In nigeria, with minimum wage at N70000 and pms averaging N1000 per litre, your minimum wage gets you 70 litres of pms.

Case closed. Any other calculations or conversions are just exercises in futility because the purchasing power of the masses in any country is what matters most.

Look at USA. Average minimum monthly wage is about $1200. Average pms price is $1 per litre. So minimum wage in USA gets you about 1200 litres of pms.

You are sensible. What ruined Nigeria is the management of foreign exchange rate. If dollar is N400 as Tinubu met it, petrol price would be N250. Minimum wage should be able to buy at least 1000 litres of fuel. We are worst than poverty capital of the world.

3 Likes

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by obaidan: 6:24pm On Sep 27, 2024

u people make needless

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by ednut1(m): 6:24pm On Sep 27, 2024

etin06:
Learn economics, there is different between necessity and luxury goods.

Diesel is a necessity too. Why is petrol getting special treatment huh

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by obaidan: 6:24pm On Sep 27, 2024

ask him how much is minimum wage in Saudi. Minimum wage in Saudi is 4000 Riyal which is about 1.7million Naira
Minimum wage in Nigeria is how much again.
Tinubu's minimum wage will buy you how many litres of PMS again

1 Like

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by Timmi: 6:25pm On Sep 27, 2024

Islie:
FACT CHECK: Is petrol 40% cheaper in Nigeria than in Saudi Arabia as claimed by Dangote?

https://factcheck.thecable.ng/fact-check-is-petrol-40-cheaper-in-nigeria-than-in-saudi-arabia-as-claimed-by-dangote/

It is also partly correct. The petrol price in Nigeria is cheaper than Saudi Arabia

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by SarakiBukola: 6:25pm On Sep 27, 2024

Intelligently analysed.

We need more of you here. 👏

ivandragon:
Hmm...

Most of these analysis that requires conversion from one currency to the other are often misleading and negate what truly matters, which is the purchasing power of the common man, primarily, the least paid workers.

A straightforward analogy which makes more sense is how much fuel can be bought with the minimum wage?

The average minimum monthly wage in Saudi Arabia is about 4000 SAR. PMS averages at about 2.3 SAR per litre. So 4000 SAR gets you about 1700 litres of PMS.

In nigeria, with minimum wage at N70000 and pms averaging N1000 per litre, your minimum wage gets you 70 litres of pms.

Case closed. Any other calculations or conversions are just exercises in futility because the purchasing power of the masses in any country is what matters most.

Look at USA. Average minimum monthly wage is about $1200. Average pms price is $1 per litre. So minimum wage in USA gets you about 1200 litres of pms.

1 Like

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by ObosiLandlord(m): 6:26pm On Sep 27, 2024

Matrixoba:
What are you trying to defend here?
Is the comparison even necessary in the first place given the standard of living of the two countries?
So you are proud of how things are in this country?
Such pity 😔 😔 😔 😔

If you go through the OP post, you will understand why this thread was created. Nothing is stopping you from creating a thread and comparing the minimum wage too.

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by ivandragon: 6:27pm On Sep 27, 2024

Jeje247:
Our suffer done tey. Even when petrol was #65 per litre, minimum wage was #18,000 which could get just 277 litres of fuel

That is it. Simple and short.

That is how you can truly know if economic progress in being made or not. How are the people surviving.

As counterintuitive as it may sound, infrastructure is not an end in itself when it comes to economic development. It is how it impacts on the economic empowerment of the masses that really matters.

FX is even more irrelevant in the big picture. A country can have an exchange rate of 5000 units of its currency to $1 and do very fine. Another can have an exchange rate of 1:1 and be in a terrible economic state.

Until our leaders begin to think local, think human economic development and of course, deal with corruption, Nigeria is going no where.

1 Like

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by Kobojunkie: 6:28pm On Sep 27, 2024

ednut1:
crude oil is international priced. Produced by oil companies like shell and co who give NNPC their own share of the production.

Na crude oil Nigerians dey buy abi na petrol? huh

No be this petrol wey NNPCL dey set price for in Nigeria so? Dem supposed to at least give una IQ test before dem hire una for this una jobs. huh

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by Ejonginfo: 6:33pm On Sep 27, 2024

But this is Nigeria and not saudi . if you must compare the pump price, don't stop there, compare other stuff like food, minimum wage, banditry, kidnapping rate, corruption rate, in fact general cost of living

1 Like

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by Aprocco: 6:37pm On Sep 27, 2024

Typical of a criminal capitalist!

Why should cement be that cheap in Nigeria
Oil cabal is stronger than oil cartel, they want to sell at a lower price than my company
Ban oil Importation
Remove subsidy and let Nigerians buy at Saudi rather than Lybia price
NNPC could subsidise my company products.

My interest over the masses.

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by BadBradley: 6:38pm On Sep 27, 2024*

Islie:
FACT CHECK: Is petrol 40% cheaper in Nigeria than in Saudi Arabia as claimed by Dangote?

https://factcheck.thecable.ng/fact-check-is-petrol-40-cheaper-in-nigeria-than-in-saudi-arabia-as-claimed-by-dangote/

can these idiots, both dangote and the op, tell us what the minimum wage in Saudi Arabia is ?

1 Like

Re: Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote by pharmade: 6:41pm On Sep 27, 2024

Islie:
FACT CHECK: Is petrol 40% cheaper in Nigeria than in Saudi Arabia as claimed by Dangote?

https://factcheck.thecable.ng/fact-check-is-petrol-40-cheaper-in-nigeria-than-in-saudi-arabia-as-claimed-by-dangote/

Pls convert the tax and other cost involved plus cost per litre to dollars, then get the equivalent in naira, then you can relate to dangote's data. Aramco is same as subsidises nnpc, but that doesn't work at pump prices.

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