₦airaland Forum

jmoore:
Una dey reply without knowing what you are replying to.

Petrol should not be less than 5,000 naira per liter in Atlanta.

Why is petrol almost same price in Atlanta and Nigeria?

helinues:
I don't need to sweat. This thread alone is enough.

Why it is s hard for you express yourself without mentioning Yoruba this, Yoruba that?

For how long would you continue with something that's already stale on this forum

Or have you forgotten about Yoruba must contest repeated line before the election

LegendHero:
Why is new iPhone same price in Nigeria and Atlanta?

Why is crude oil same price in Nigeria and Atlanta?

The reason why petrol is lesser/higher in most countries is simply because the government subsidize it or tax it.

If you remove taxes and subsidy, petrol will sell averagely same price in most countries with +-10% margin.

WakeUpNigerians:
You are a Liar!

Provide evidence Dangote fuel has high octane and same quality as the one sold in USA.

jmoore:
Nigeria doesn't produce Iphone.

Nigeria has crude oil.

nedu666:
Suddenly all Yoruba defenders are now in atlanta. if you switch to Newcastle, they will all claim to be in Newcastle. You want us to believe you Suddenly started going to fuel station to snap prices for reasons of disproving keporogi. This una defender job hard oo

nedu666:
Suddenly all Yoruba defenders are now in atlanta. if you switch to Newcastle, they will all claim to be in Newcastle. You want us to believe you Suddenly started going to fuel station to snap prices for reasons of disproving keporogi. This una defender job hard oo

etin06:
You are only talking about the fuel aspect, what about the minimum wage? With the wide gap in minimum wage between the two countries we are not even supposed to compare the prices of fuel in both countries but here we are.

GeneralPulal:
As you remember minimum wage, no forget taxes..

Do we pay the same taxes that are being paid in Atlanta?

Kukutente23:
Do we get tax cuts and tax rebates like they do in Atlanta?

Kperoogi pointed out that state govts in the US subsidise fuel price. He gave an example of same Atlanta where the Gov gave tax rebates to cushion fuel price.

When has that ever happened in Nigeria?
They get access to mortgages and food stamp and child credit in Atlanta like in most other states.

Do you get that in Nigeria. Food is cheap in the US. You spend less than 10% of your income on food. In Nigeria, food takes more than 60% of average income earner's pay.

sultaan:
You all have to understand that if some people do not come to counter the facts with bogus information/ logic they will be just as hungry and any other Nigerian.


I bought fuel from Sam's club for $2.30 last month and it might be cheaper tomorrow,Nigeria is an aberration and those who benefit want to like that.

Turning this away from a Nigeria must fix situation just shows who the problem are and not what the situation is.

WakeUpNigerians:
You are a Liar!

Provide evidence Dangote fuel has high octane and same quality as the one sold in USA.

bdon123:
Me sef tire....how did he conclude dangote is premium fuel of 93

Frigga13:
You don’t come online with half truth to prove a point legendhero.. and when they ask you to prove … you tell another to prove ..

He who assert must prove …

Reason why I hate arguing with Yoruba on nairaland .. they will just be rigmaroling simple matters

So what’s the essence of this thread when you can’t clearly defend your position

APC is evil

LegendHero:
Okay provide proof that Dangote do not sell the highest grade. At least before you call me a liar, you should have fact to disprove me.

Validated:
Oga, stop deceiving yourself. No refinery in Africa produces high grade fuel.

LegendHero:
I kinda like Kperogi bringing it up, probably it will make people in government have serious conversations.

Nigeria have no business buying same grade of petrol for all cars. During subsidy regime, we can understand NNPC will generally import low grade oil to reduce cost, but now that we have refineries, they should give us the option to choose.

etin06:
You are only talking about the fuel aspect, what about the minimum wage? With the wide gap in minimum wage between the two countries we are not even supposed to compare the prices of fuel in both countries but here we are.

loffyloffy:
Yeah, the minimum wage in Nigeria is way lower than in the US, but you also gotta remember that the cost of living is a lot cheaper here.

Dangote said his fuel is premium, but he didn't say what octane level it is. If it's true that it's premium, then it's probably more expensive because it has a higher octane rating.

But here's the thing, we don't really need premium fuel in Nigeria. Most cars can run just fine on regular fuel. So, instead of focusing on producing premium fuel, we should focus on making fuel more affordable for everyone.

ElSudani:
This is a great idea. If you are not driving a high end car you don't need premium fuel. Perhaps this is something the government can look into.
Selling different grades can go a long way in solving some of the pricing issues.

LegendHero:
How much does it cost to extract crude oil from the ground? Who will pay the international companies extracting it from the ground?

Nigeria is a poor country. The crude we produce is not even up to 1.8m bpd for a population of 250million people.

How much crude does UAE produce and what is their population.

Give us numbers

etin06:
You are only talking about the fuel aspect, what about the minimum wage? With the wide gap in minimum wage between the two countries we are not even supposed to compare the prices of fuel in both countries but here we are.

LegendHero:
What do you mean by tax cut? Do you mean on property taxes or normal income tax? The property tax a year here is enough to build a full house in Nigeria. The only thing you get is homestead exemption and to qualify for that, you need to satisfy some requirement which over 95% of the population won’t merit.

Kperogi should tell us what exactly he mean by tax cut.

Cushion fuel price when? He only suspended gas tax for a while which already ended since 2023. It’s a 31.2cent per gallon taxes. That is not what is called subsidy that Nigeria does.

Nigeria for example will also charge zero VAT on petrol with the new tax reform.

Access to mortgage? Is mortgage free? Won’t you also do down payments? Except for most military that have 0% down payment or some lender promotion for first time home buyers with less down payment %, you’ll still need to put some $$ down and closing cost. Most of the mortgage are privately company financed owned so I don’t know what you’re saying.

Nigeria also have their own mortgage financing even tho FG haven’t been able to extend it to most Nigerians yet. We need the private institution to spearhead it, government can only do little.

I agree there is food inflation in Nigeria when you factor in average percentage o people spend on food relative to their earnings. No one is shying away from that not even the FG.

But Kperogi coming online to create a topic that “Petrol is expensive in Nigeria than Atlanta” is a big lie. Even the lowest grade petrol in Atlanta is still less expensive that Dangote fuel.

LegendHero:
You got what I am saying exactly. We don’t need premium fuel. Let luxury car use premium and let normal cars use normal fuel.

LegendHero:
Below is another fuel station Valero as they usually have different prices irrespective of distance from each other.

Using the exchange rate of ₦1647 to $1 and noting that 1 gallon equals 3.785 liters, here’s what I found at a Chevron station:

—Regular grade: $3.099/gallon = ₦1348.49 per liter

—Medium grade: $3.699/gallon = ₦1609.58 per liter

—Premium grade: $4.099/gallon = ₦1783.63 per liter

Again, you can see that the premium grade sells too higher. Nigeria don’t have business buying only premium grade petrol. A 2006 Toyota don’t need premium grade, a taxi driver don’t need premium grade.

Government need to charge the oil sector people to give Nigeria the choice of fuel grade at the pump.

Kukutente23:
Who uses premium fuel in Nigeria? Stop all this BS. Just August, it emerged that most fuel used in Nigeria was imported from Malta in a blending plant there. Does that sound like high quality fuel to you? Fuel being imported to Nigeria is regular fuel. That's being known since.

In October, Nigeria's fuel regulator NMDPRA significantly improved its gasoline fuel quality standard, from 150 parts per million (ppm) of sulfur content to 50 ppm. It has gradually been reducing its sulfur cap from levels that were once over 1,000 ppm as part of a drive by the Economic Community of West African Countries (ECOWAS) to raise standards and reduce health risks.

Whereas in the US, what you have for standard petrol is 10ppm .