₦airaland Forum

Saurab:
What analysis? I just what is the current average price of PMS around the world?

Kingbilo:
Check out this link. It compares petrol prices of many countries including Nigeria in dollars. You'll see petrol here is quite cheap although it could be cheaper.

http://www.kshitij.com/research/petrol.shtml

Remember also that you can't directly relate the price of oil with the price of petrol. Oil price halving doesn't mean petrol price should halve also. After all, the cost of refining will remain almost unchanged.
Also, the inflation in the country means no change in the price actually makes petrol cheaper.. That is, if you buy N85 fuel a year ago vs buying it today for the same price, it's actually cheaper today even with FG forex regulations it's a fact.

wristbangle:
I thought u asked that of crude oil.

Dunno of PMS. Perhaps 30 cents/Litre, am not sure

noblegrex:
Wailers..fuc*k all yor

AceJam:
GBAM!
Pa Tam David west has gone deaf and dumb.

emmygzy:
have you forgotten that Nigeria is the largest oil producer in Africa? Petrol shldnt be more than 30nairaif not for refining it abroad.

EternalTruths:
Where is Prof Tam David West who during Jonathan's era said that petrol should not sell above #40 per litre.

Why is he quiet.?

I hope he has not eaten Cocoa yam abi na Yam.?


Come out and explain to us oooooo

Amberon:
Compound fool.... compare the price of petrol in Nigeria with that of other world's top crude oil exporters. dunce!! Even countries with zero drop of oil sell cheaper petrol.

ajebuter:
Ode! When it still takes 3 days to queue to buy at at 120 here in the heart of Lagos.

Who cares how much it is sold?

What i care about is for it to be available even if it is above pump price since that is the order of the day, even with 'kwaruftion fighting'

The operative word here in AVAILABILITY


Amukumeko!

olumide4christ:
Are you still buying fuel at N120 in the heart of Lagos?? Where do you live sef?? Because despite all this fuel scarcity, I have never bought above N87/litre this year.

I queue for maximum of 1 and a half hours and minimum of 10 mins and I buy for N87/litre from the popular filling stations like TOTAL, MOBIL, FORTE OIL & NIPCO around Gbagada, Surulere, Mobolaji Bank-Anthony & Ikorodu rd. These filling stations will not sell above pump price becos of their reputation. Infact, I bought last on 23rd December at Mobil on Moloney street at Lagos Island, queued for only 10 mins and bought at N87.

THose who say they are buying at N120 or N140 in Lagos must be buying from those 'mushroom' filling stations with no reputation to defend or from black marketers.

Amberon:
I'm telling you what I know. invariably you're the wailer here. I was in California last year and I'd be moving there round 2nd week of January. Last year, the government or the regulating body or whatever slashed the price of gas by about a third the normal price. if you didn't notice this, then you obviously aren't in America.

emmygzy:
APC robot. Even if Buhari slap you, you won't complain because you're a robot.

Amberon:
Fool. continue living in mediocrity. that's why the govt continues to do whatever pleases them. Cuz people like you will never see something wrong.

wristbangle:
It has been predicted that in 2016, oil price at international market will fall to $20 per barrel.

If N2 could only be the difference as the present oil price is $36 against when it was brought low to N87 at $67 per barrel, then this current government are chronic thieves.

If we do the analysis well, 1 barrel is approximate to 120L, then the cost of 1 litre = $3.33 or N656.67.

1.72 percent of PMS can be seen in 1 litre of crude oil, therefore the price of PMS = N11.29.

Operating cost per litre = N10
Logistics| import duty =N9
Labour = N8
=

Total Cost of Petrol per litre = N42 (approx)

Please how come did they say it will be sold @ N85