If You Think N145/litre of Fuel Is Expensive Checkout The Price Of fuel In Other Countries

Following the harsh economic realities Nigeria is currently facing, many Nigerians have labelled the Federal Government as being insensitive to the plight of its citizen by making fuel too expensive for consumption.

But really, how expensive is fuel in Nigeria, compared to other countries? At ₦145/Litre, is fuel too expensive in Nigeria?

As surprising as it may seem, Nigeria is ranked 12th as per cheapest price of petrol in 173 countries even with the new ₦145 per litre price according to Globalpetrolprices.com

In Nigeria, fuel now costs ₦145/L and with the current exchange rate that is fluctuating between ₦320-₦360 to a dollar, it means we are paying about $0.44/L

1. In United States, fuel is sold at the pump price of $0.65/L ( ₦214/L).

2. South Africa - $0.84/L (₦277),

3. Russia $0.55/L (₦181/L),

4. Canada - $0.91/L (₦300/L)

5. Ghana - $0.92 (₦303/L)

6. China - $0.93 (₦306/L)

Some will argue that the countries above are not petroleum exporting countries (OPEC) like Nigeria, but what about OPEC member countries like:

7. Angola, where PMS is sold at $1/L (about ₦330),

8. Iraq - $0.64/L (₦211),

9. Venezuela pump price is $0.60/L (₦198/L)withPresident Nicolas Maduro calling the approximately ₦198/Lpump price ‘one of the cheapest in the world’.

10. Even in the oil rich, United Arab Emirates (UAE) PMS is sold at $0.45/L which is about (₦148/L)which is more expensive than the price in Nigeria.

According to Globalpetrolprices.com, In Hong Kong, the pump price is set at $1.85/L (about ₦610/L) making the country the most expensive seller of gasoline in the world.

With the facts and figures above, at ₦145/L fuel is not expensive, it’s actually one of the cheapest in the world, but because of the poor living conditions of millions of Nigerians, it appears expensive and thus, many Nigerians struggle to afford it.

That is why the government needs to provide welfare programs, kill that disease called corruption, invest in electricity, education, fix refineries, provide jobs and reduce poverty in the country

---

Posted: at 18-05-2016 11:42 AM (7 years ago) | Gistmaniac

How much is their minimum wage¿? Abeg talk ooo.before u com dey post rubbish....

Posted: at 18-05-2016 11:51 AM (7 years ago) | Newbie

It is the best not to compare and contrast oil prices in different countries and not taking into account their respective standards of living with reference to the minimum wages.

---

Posted: at 18-05-2016 12:00 PM (7 years ago) | Hero

thanks my bro, that is why i said if all other social amenities were put into place we will not even be talking about N145 being expensive, but the bulk of our earnings go into all these amenities which were suppose to be free or cheap leaving little or nothing to buy fuel or even other petty things

---

Posted: at 18-05-2016 12:06 PM (7 years ago) | Gistmaniac

what makes you think you are right because you copied from occupy Nigeria,LOL i pity you, but its best you do thorough investigation before you say people are lying

---

Posted: at 18-05-2016 12:12 PM (7 years ago) | Gistmaniac

Poster can you kindly post the source of your information please?.

Posted: at 18-05-2016 12:17 PM (7 years ago) | Upcoming

Sponsored post

Posted: at 18-05-2016 12:18 PM (7 years ago) | Gistmaniac

http://nl.globalpetrolprices.com/gasoline_prices/



Kuwait*
Saudi-Arabië
Algeria
Turkmenistan
Qatar
Ecuador
Iran
Kazakhstan*
Oman
Malaysia*
Bahrain
Verenigde Arabische Emiraten*
Trinidad en Tobago
Bolivia*
Azerbaijan*
Kyrgyzstan*
Rusland*
Indonesia*
Myanmar
Venezuela
Belarus*
Pakistan*
Afghanistan
Iraq
Verenigde Staten*
Maldives
Colombia*
Puerto Rico
Namibië
Panama*
Lesotho
Botswana
Egypt*
Yemen
Libanon*
Taiwan*
Swaziland*
Nigeria
Liberia
Vietnam*
Tadzjikistan
Tunesië
Syrië
Georgia*
Tsjaad
El Salvador*
Ethiopia
Mexico*
Guatemala*
Sudan
Togo
Guyana
Fiji*
Haiti
Tanzania*
Moldova*
Oekraïne*
Cambodia
Zuid-Afrika*
Gabon
Armenia
Bhutan
Kenya*
Suriname
Philippines*
Australia*
Saint Vincent en de Grenadines
Oezbekistan
Sri Lanka*
Peru*
Br. Virgin Isl.
Paraguay
Niger
Canada*
Thailand*
Aruba
Ghana*
Nepal*
Costa Rica*
R. of Congo
Zambia*
China*
Dominica
Sierra Leone
Mongolia
Honduras*
Saint Kitts en Nevis
Nicaragua*
Mozambique
Oeganda*
Ivory Coast*
India*
Bahamas
Jordan*
Morocco*
Angola
Cape Verde*
Jamaica*
Grenada
Ant.& Barb.
Bosnia & Herz.*
Japan*
Brazil*
Chile*
Saint Lucia
Mauritius*
Cameroon
Cayman Isl.*
Bulgaria*
Polen*
Domin. Rep.*
Bangladesh
Laos
Macedonië*
Mali
Andorra*
Rwanda
Madagascar
Guinea
Latvia*
Belize
Malawi*
Lithuania*
Zuid-Korea*
Serbia*
Hungary*
Senegal
Tsjechië*
Burundi
Montenegro*
Estonia*
Roemenië*
Luxembourg*
Argentina*
Gambia
Burkina Faso
Oostenrijk*
Zimbabwe
Mauritania
Cyprus*
Albania*
Singapore*
Spanje*
Croatia*
Uruguay*
Slovenië*
Cuba
Nieuw-Zeeland*
Slowakije*
Zwitserland*
Barbados
Belgium*
Malta*
Liechtenstein
Ireland*
Germany*
France*
Turkije*
Mayotte
Portugal*
San Marino
Verenigd Koninkrijk*
Finland*
Greece*
Israel*
Iceland*
Zweden*
Denmark*
Italy*
Nederland*
Monaco
Noorwegen*
Hong Kong*

In de grafiek zijn alle landen met een * gemarkeerd, waarvoor wij officiële gegevens over de benzineprijzen hebben. Voor de andere landen gebruiken wij oudere gegevens, aangepast aan de huidige wisselkoers en veranderingen in de olieprijs wereldwijd.   

Data subscriptions and historical series

Posted: at 18-05-2016 12:26 PM (7 years ago) | Upcoming

forget dis thing dat u post dis price r not recent

Posted: at 18-05-2016 12:34 PM (7 years ago) | Upcoming

This government must be serious about engaging and understanding his own people. To stabilize nigerian economic overnight and reduce the price of fuel to 40 naira per litter within 3 months is not impossible, but will the government of Buhari listen?.. Buhari for the people sake, Increase Foriegn investment taxes and oil revenues to subsidise the removal of fuel subsidy....This multi national companies made billions of naira yearly in Nigeria and pay tokens in taxes back to their host... Start your war against corruption from there SIR, The people are watching.. Dont deprived the poor taxes were the money goes..

Posted: at 18-05-2016 01:06 PM (7 years ago) | Upcoming