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Nigeria's Current Petrol Pump Price Better Than That Of The USA - Politics (5) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNigeria's Current Petrol Pump Price Better Than That Of The USA (42731 Views)

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Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Atmmachine(m): 5:42am On Jan 20, 2015
CityNG:
Oh look you have a friend grin

Misery, as they say, loves company grin

Two dumbbells.
Just say this "EYE" "YAM" "STEW' "PEED" shocked shocked shocked shocked
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by dombenis(m): 5:42am On Jan 20, 2015
subnero:
You're a very big fool for ur lame analytic, infact ur foolishness is in HD!!! It seems you don't know the meaning of consuming country.. Id!ot!!! Besides whats the minimum wage over dia?? ewu!!!
2001 i bought fuel at rent of #26.00 per a litre, so why cant our Government return back to that price in as much as we re producing the fuel here in Nigeria? .please we next God intervention.
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 5:45am On Jan 20, 2015
Atmmachine:
Just say this "EYE" "YAM" "STEW' "PEED" shocked shocked shocked shocked
I'll pass. Cutsie though and matches your kindergartner intelligence level.

So are you going to be able to get over the asskicking I gave you earlier? I mean it was just one line and it's leaving you shattered and broken.

Go walk it off somewhere ehn. grin
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 5:47am On Jan 20, 2015
cycluse:
We should not compare our self to USA because USA don't have crude oil ,but here in Nigeria We have then,there fore We should have advantage as for price of fuel
What do you mean by this?

Are you guys even educated at all?
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by rexzqcom(m): 5:48am On Jan 20, 2015
dre11:
Op




What's the minimum wage in America
At least we need to balance that tooo
Wages is not relevant to this discusses.
What is relevant is cost of oil purchase
by the Nigeria importers from foreign refineries.
They buy at the same price usa domestic marketers
pay at the refineries.
It Will cost a Japanese in Japan less than it will cost a Nigerian in Nigeria to buy same Japanese car ,because of added cost to get the car to Nigeria. Whatever the salaries disparity have no bearing in determining the price.
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Validated: 5:48am On Jan 20, 2015
nwanna89:
Minimum wage in USA is not 18,000 naira per month
Do you put in effort at work like your counterparts in US? Do you understand what 'fast paced environment' means? Do you think people in the West spend half of their day job on social media? Have you ever submitted your time sheet with approved activities per hour to get paid? How much tax did you pay last year? Ask your friends in the States if they work like you, yet you want Dollar pay.

Like OP noted. Our youth suffer from ignorance.
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 5:49am On Jan 20, 2015
rexzqcom:
Wages is not relevant to this discusses.
What is relevant is cost of oil purchase
by the Nigeria importers from foreign refineries.
They buy at the same price usa domestic marketers
pay at the refineries.
It cost a Japanese in Japan less than it will cost a Nigerian in Nigeria.Because of added cost to get the car to Nigeria. Whatever the salaries disparity have no bearing in determining the price.
fothe Same type of car
Unfortunately that is not how to determine who is getting a better deal
Prices cannot be compared in isolation
What can you buy with your N180 compared to my $1?
You can't run away from that in your comparisons
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 5:50am On Jan 20, 2015
dre11:
Op




What's the minimum wage in America
At least we need to balance that tooo
stop being ignorant.

There was this documentary of a Mexican driver in the U.S who earns 1000 dollars per moth but after paying all his bills, is left with 40 dollars. Now which is better
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Demmiedgod: 5:50am On Jan 20, 2015
U on the reverse should engage ur brain in some critical reasoning. Is this the appropriate time to drop gas price if not that something lies beneath such action? The benchmark for putting the budget together was @ $65/barel meanwhile the people bought gas for 97 freakin naira now that the price per barel is $45/barel which sure gon affect how the execution of the budget is gonna play out, 'oga' drop gas price. Does he think Nigerians are stup*d? Now u talkin gas in the US and gas in Nigeria, u can't put this two together man, things are super different. Quick question sir. Do they own oil in the state? Do people buy gas for generator in the states? U fill ur tank and get out of the gas station. They at home gon buy for car, buy for generator. U work u collect 30,000 naira / month in naija, aU work average job here and let's say u get paid $10/hr and u work 60hr in a week (in a week o), do the mathematics and see who go scream pass when talkin buyin gas. Don't let uninformed allegiance blind ur sense of good judgement my friend.
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 5:52am On Jan 20, 2015
Ipledge:
i don't want to prolong matter,but base on pay earnig you can't compare America gas price with Nigeria
well yea, comparing a third world to a super power is baseless though
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 5:53am On Jan 20, 2015
CityNG:
Oops you just mispelt, yep a failed abortion grin
ok are you done now?
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Dio1(m): 5:54am On Jan 20, 2015
dguy4:
Op pls get ur facts right before you post anything, America is not an oil producing state, you just can't compare them with us when it comes to crude oil, u compare your stats. with an oil producing state.
look at this slowpoke, America is an oil producing state and has more oil reserves than Nigeria
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by clemz88(m): 5:55am On Jan 20, 2015
herald9:
What's so hard in dropping that Gaddam thing to N65...

For Pete's sake oil is 'made in Nigeria ' undecided
but refined outa Nigeria. And mind u after been refined we have to buy it back from them. So think well bro
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Atmmachine(m): 5:57am On Jan 20, 2015
CityNG:
I'll pass. Cutsie though and matches your kindergartner intelligence level.

So are you going to be able to get over the asskicking I gave you earlier? I mean it was just one line and it's leaving you shattered and broken.

Go walk it off somewhere ehn. grin
Did i ask for the fore_play ? #Smelly pusssy.
Dip your finger in your pusssy. How does it smell ?? shocked shocked shocked
Don't qoute me cos i won't reply you.
Little girl.
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Validated: 5:57am On Jan 20, 2015
beckleyhans:
Pls ooo is america an oil produceng country. must nigeria be like other countries. And must be during election he remove 10 naria. Who ever wrote dis dis tin get brain damage
Little wonder WAEC record 70% failure rate. Please use your Internet to educate yourself, not NL and Fb only. Just Google US and oil. Thank you.
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by donbabade: 5:58am On Jan 20, 2015
Bros you foolish
Olorun!!!
*puts index finger in the mouth, points it to the sky and shrugs*
For comparing American and Nigeria was ur beginning of foolishness.
I could ve gone into details to expantiate on ur stupidity but that will bring me to your level.
The exchange rate you just quoted which was $1 - 184 happened when?
Sanusi kept it at #160 for years.
Who sacked him?
Who installed a clueless cbn gov?
Think before u type and pls factor all factors.
bishopclin:
I saw various posts on the social media, criticising federal government's reduction of gasoline(PMS or Petrol) pump price from N97 to N87. More worrisome is the fact that some of our youths join the bandwagon in the criticism.

I wonder why we have some youths of our country who can not make use of their brains to ponder on issues that would further enrich the country. Present day youths are being tossed around by the older ones and sometimes, by illiterates. ‎

Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps of recent in the US (do some ‎confirmation) 1US gallon = 3.7854ltrs‎ ‎$2.2021 = N398.58 (@ exchange rate of N181/$) Therefore, 1gallon = N398.58 ÷ ‎3.7854ltrs = N105.29/ltr in the US

Meanwhile, in Nigeria, after taking into consideration, landing costs and other expenses, it is N85/ltr for the same litre of gasoline yet people are ignorantly ranting on social media and elsewhere. Between Nigeria and the US, which is better? What has happened to some present day youths in my dear country, Nigeria‎? Mr. President, Goodluck Jonathan has indeed shown that he has the interest of Nigerians at heart.‎
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by DrDre1(m):
@ OP
This comparison won't work on so many levels. Consider certain things 'peculiar' to Nigeria mostly because of the level of rot in the system.

1. Is quality of gasoline in Nigeria the same with what they get in the U.S? No

2. What's the earning power of an average individual in each country?

3. What's the level of development in each country? Don't forget that almost every family is it's own 'local government' in Nigeria. U practically have to produce your own water and electricity amongst other things.

4. Is the level of infrastructure in the oil and gas sector commensurate with the level of resources available in Nigeria?

5. Are Nigerians getting the best out of a liter of gasoline like the Americans? Not with the level of older engines running in the country and the substandard quality of fuel definitely.

6. Is the current level of oil production in the U.S sustainable over a long period of time? I doubt it. Shale oil / fracturing is one of the major reasons why certain OPEC member-states (chiefly KSA and Qatar) have allowed the free fall of crude oil prices to continue unchecked. When you consider these two countries are also strong allies of the U.S, you see it's quite a complex situation. Just this past week, John McCain led a delegation to Qatar to discuss certain issues with the Emir and Prime Minister. I bet the politics of crude oil pricing was part of their major talks.

These are just some of the things to consider (amongst many others) before you 'celebrate' the reduction in fuel prices in Nigeria. If our leaders are honest, there's no reason why Nigerians should be paying above 50 naira per liter worst case scenario. Factor in the timing of the Nigerian government in doing this and it's very obvious it shouldn't be considered as a genuine decision. They devalued the Naira and then reduce fuel pump price by 10 naira days to major elections. Nigerians should brace up for serious economic challenges this year because the government is just window-dressing a very terrible wound. Irrespective of whoever wins the coming elections, the Naira is still heading downwards. Figures alone don't always tell the true story of things.
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by persius555(m): 5:59am On Jan 20, 2015
Raiders:
Pump Price of Petrol for Oil Exporting Countries in the World as @ 19/01/2015 : in naira1.
Venezuela - 3.732.
Syria - 9.333.
Libya - 22.394.
Saudi Arabia - 29.855.
Kuwait - 46.656.
Qatar, Iran, Algeria and Bahrain - 48. 517. Sudan - 63.44

Nigeria is in the 5th position as a Major Oil Exporting Country, Venezuela is number 8, Kuwait is in the 13th position, Libya is in number 15, Qatar and Algeria are in positions 14 and 16 respectively. Nigeria is selling Petrol officially at 87 naira per liter and some gullible Nigerians are rejoicing. When shall we grow up? When shall our leaders b accountable GEJ & FG should come out and inform Nigerians on how thet arrived at the 87 naira per liter pump price you want us all to so much celebrate. As for me I don't worship mediocrity. Nigerians wake up. #‎NigeriaDecides2015
Bros, abeg thumbs up 4 u. Op, how much did GEJ pay u out of his 21 billion naira campaign fund to spread this propaganda? PDP and GEJ are a fraud and a curse to this country. We will vote them out this time around. Insha allahu and In jesus name. Amen. Nigeria must move forward
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 5:59am On Jan 20, 2015
I didn't know Nigerians were this ignorant
If I hear it one more time that the USA has no crude oil eh
It doesn't export as much
Now stop spreading ignorance


[size=18pt]The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said.
[/size]
U.S. production of crude oil, along with liquids separated from natural gas, surpassed all other countries this year with daily output exceeding 11 million barrels in the first quarter, the bank said in a report today. The country became the world’s largest natural gas producer in 2010. The International Energy Agency said in June that the U.S. was the biggest producer of oil and natural gas liquids.

http://www.bloomberg.com/news/2014-07-04/u-s-seen-as-biggest-oil-producer-after-overtaking-saudi.html
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Dio1(m): 6:00am On Jan 20, 2015
temmytanny:
think before you write, there is road tax on the fuel charge in usa. minimum wage in usa is $7.25 meaning my one day pay is equal to your 15days pay(if you earn minimum wage).gas this time last year in dallas was $3.15/gallon but its $1.79 today. Even though we naija dont refine but atleast we should have the pump price below N70/litre.
your one day pay is equal to 15 days pay ,I wonder if you're educated to say the least , comparing the minimum wage to that of Nigeria is total bollocks , why don't you compare your electricity and water tariffs as well not to talk of your house rent , cos I'm sure you can't afford a mortgage , with your Nigerian counterpart , before you start spewing rubbish
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by sundoj08(m): 6:00am On Jan 20, 2015
saintkash:
a friend wrote this and he considered other factors unlike u
Sina Solaru
Price per barrel of crude oil a year ago
[January, 2014] was $97.92/barrel
worldwide. It is now $46.97/barrel.... Gas/
petrol was $3.28/gallon a year ago in the
U.S. It is now $1.89/gallon because of
demand & supply that controls the price. I
just bought a gallon of petrol/gas from
Costco at $1.89 cents/gallon today and since
1 gallon equals 3.78 liters, that equals to 50
cents per liter here in the U.S. That is
#92.50kobo per liter @ the exchange rate of
$1= #185naira ..... Per Capita Income in the
U.S. is $53,042 while per capita income in
Nigeria is $3,006 source: World Bank. That
means Nigeria is currently[until the so called
midnight] paying more at #97/liter than in
the U.S. at #92.50/liter. Nigerians should be
paying #5.24kobo per liter based on the per
capita income differential. Otherwise, the
result is still ABJECT POVERTY! Hit 'Like' if
you are not better off than you were 4 years
ago.
thanks for explaining to these op or whatever he's called
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Dio1(m): 6:01am On Jan 20, 2015
beckleyhans:
Pls ooo is america an oil produceng country. must nigeria be like other countries. And must be during election he remove 10 naria. Who ever wrote dis dis tin get brain damage
you obviously suffer from brain damage , who on earth doesn't know that The United States is one of the worlds biggest producers of Oil . Yet you youths would complain of unemployment , when you don't even know your left from your Right
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 6:02am On Jan 20, 2015
Atmmachine:
Did i ask for the fore_play ? #Smelly pusssy.
Dip your finger in your pusssy. How does it smell ?? shocked shocked shocked
Don't qoute me cos i won't reply you.
Little girl.
Yeah yeah, tuck your tail between your legs and run off like the runt that you are grin
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 6:04am On Jan 20, 2015
donnypool:
ok are you done now?
WTF?

Na jeje I dey when you come poke me by calling me a failure. You don't have to agree with my opinion, which admittedly are strong. But you can disagree with tact.

Next time you'll thread lightly.

I know your problem, you are still suffering from Cabin Fever up there in the frozen tundras grin
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by InvertedHammer: 6:04am On Jan 20, 2015
IdiAmin1:
Bros abeg which state sells at that rate 'cos I just bought at $2.4sth (mobil) in LA. I guess the OP lives down Westcoast, so he is right anyway. GED is trying but not good enough undecided
/
Dude, I live in LA area. ARCO is $2.39. I am currently in Houston, TX just for a week getaway and I am seeing $1.89 @ the pump.
\
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 6:05am On Jan 20, 2015
CityNG:
WTF?

Na jeje I dey when you come poke me by calling me a failure. You don't have to agree with my opinion, which admittedly are strong. But you can disagree with tact.

Next time you'll thread lightly.

I know your problem, you are still suffering from Cabin Fever up there in the frozen tundras grin
ok are you done now?
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 6:05am On Jan 20, 2015
bishopclin:
I saw various posts on the social media, criticising federal government's reduction of gasoline(PMS or Petrol) pump price from N97 to N87. More worrisome is the fact that some of our youths join the bandwagon in the criticism.

I wonder why we have some youths of our country who can not make use of their brains to ponder on issues that would further enrich the country. Present day youths are being tossed around by the older ones and sometimes, by illiterates. ‎

Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps of recent in the US (do some ‎confirmation) 1US gallon = 3.7854ltrs‎ ‎$2.2021 = N398.58 (@ exchange rate of N181/$) Therefore, 1gallon = N398.58 ÷ ‎3.7854ltrs = N105.29/ltr in the US

Meanwhile, in Nigeria, after taking into consideration, landing costs and other expenses, it is N85/ltr for the same litre of gasoline yet people are ignorantly ranting on social media and elsewhere. Between Nigeria and the US, which is better? What has happened to some present day youths in my dear country, Nigeria‎? Mr. President, Goodluck Jonathan has indeed shown that he has the interest of Nigerians at heart.‎
Bros, the MINIMUM wage of an average fulltime employee in US is $1200 which is 217,200 naira. Stop celebrating nonsense.

Educate yourself bruh.
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 6:06am On Jan 20, 2015
InvertedHammer:
/
Dude, I live in LA area. ARCO is $2.39. I am currently in Houston, TX just for a week getaway and I am seeing $1.89 @ the pump.
\
I bought gas $1.79 last Friday
I bet it's lower today
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 6:06am On Jan 20, 2015
donnypool:
i live in canada, but the working hours is suppose to be 40 hours per week and after its called overtime or are you a hustler?
That depends on the employer. I believe fulltime officially starts from 28.5 hours and above( not 100% sure). Some employer won't pay overtime till over 37.5hrs, some 40hrs some 48hrs. Depends on the industry and if it's a unionized job or not.
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by Nobody: 6:07am On Jan 20, 2015
@OP you really are so stupidd,for this comparison.

Why didn't you first compare the minimum wages in the two countries first.?
Minimum wage
USA over 200,000.monthly

Nigeria 18,000

So idiott do you see your own stupidity now?
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by sokera: 6:07am On Jan 20, 2015
Amisec:
This same GEJ increased the minimum wage to 18,000 naira don't forget. Some governors shouting change today has neither allowed the minimum wage to be paid nor passed PIB.
yes because jona was trying to impose it on them without increasing states allocation. Have you forgotten how Labour fought for the 18k? It was not jona intentions but labour had to go on strike for several days ....
Re: Nigeria's Current Petrol Pump Price Better Than That Of The USA by wizman11(m): 6:08am On Jan 20, 2015
hu posted this shit do d USA even produce oil at all y wont we rant we are the fifth highest oil producer y shudnt our pump price b better
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