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

Date: 18-05-2016 11:42 am (8 years ago) | Author: kaygee
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- at 18-05-2016 11:42 AM (8 years ago)
(m)

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 (8 years ago) | Gistmaniac
- BournIdentity at 18-05-2016 11:43 AM (8 years ago)
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I just dey observe
Posted: at 18-05-2016 11:43 AM (8 years ago) | Addicted Hero
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- ghettoswag at 18-05-2016 11:51 AM (8 years ago)
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How much is their minimum wage¿? Abeg talk ooo.before u com dey post rubbish....
Posted: at 18-05-2016 11:51 AM (8 years ago) | Newbie
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- yawa_don_gas at 18-05-2016 11:56 AM (8 years ago)
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Yawa dey
Posted: at 18-05-2016 11:56 AM (8 years ago) | Addicted Hero
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- deboalabi262 at 18-05-2016 12:00 PM (8 years ago)
(m)
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 (8 years ago) | Hero
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- kejguv at 18-05-2016 12:02 PM (8 years ago)
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Quote from: OMOTAYO ODERINDE on 18-05-2016 11:51 AM
How much is their minimum wage¿? Abeg talk ooo.before u com dey post rubbish....
why do everybody talk about minimum wage as if that is what everybody depends on, the problem is because govt is the largest provider of labour in Nigeria, which is not suppose to be so,  its only in Nigeria that you attach govt minimum wage to the rise and fall of commodities, as for me posting rubbish,post your own lets see how knowledgeable you are.

Posted: at 18-05-2016 12:02 PM (8 years ago) | Gistmaniac
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- kejguv at 18-05-2016 12:06 PM (8 years ago)
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Quote from: Jah Blessed on 18-05-2016 12:00 PM
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.
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 (8 years ago) | Gistmaniac
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- Oworen25 at 18-05-2016 12:06 PM (8 years ago)
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Poster you are lying
Posted: at 18-05-2016 12:06 PM (8 years ago) | Hero
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- kejguv at 18-05-2016 12:12 PM (8 years ago)
(m)
Quote from: oworen obong on 18-05-2016 12:06 PM
Poster you are lying
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 (8 years ago) | Gistmaniac
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- gogoman at 18-05-2016 12:17 PM (8 years ago)
Online (m)
to me beer na 400naira and una dey buy am
Posted: at 18-05-2016 12:17 PM (8 years ago) | Grande Master
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- ajepakoromance at 18-05-2016 12:17 PM (8 years ago)
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Poster can you kindly post the source of your information please?.
Posted: at 18-05-2016 12:17 PM (8 years ago) | Upcoming
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- iykeoo at 18-05-2016 12:18 PM (8 years ago)
(m)
Poster stop lying in Canada official Fuel pump price is 14 cents per liter,
Posted: at 18-05-2016 12:18 PM (8 years ago) | Newbie
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- Mykie010 at 18-05-2016 12:18 PM (8 years ago)
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Sponsored post
Posted: at 18-05-2016 12:18 PM (8 years ago) | Gistmaniac
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- kejguv at 18-05-2016 12:20 PM (8 years ago)
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Quote from: Man of peace on 18-05-2016 12:18 PM
Poster stop lying in Canada official Fuel pump price is 14 cents per liter,

http://www.globalpetrolprices.com/Canada/gasoline_prices/

Posted: at 18-05-2016 12:20 PM (8 years ago) | Gistmaniac
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- ajepakoromance at 18-05-2016 12:26 PM (8 years ago)
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http://nl.globalpetrolprices.com/gasoline_prices/



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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 (8 years ago) | Upcoming
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- suraj247 at 18-05-2016 12:32 PM (8 years ago)
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Quote from: oworen obong on 18-05-2016 12:06 PM
Poster you are lying
That was in 2012 NOT 2016
Posted: at 18-05-2016 12:32 PM (8 years ago) | Newbie
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- sonofman25 at 18-05-2016 12:34 PM (8 years ago)
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Quote from: oworen obong on 18-05-2016 12:06 PM
Poster you are lying
forget dis thing dat u post dis price r not recent
Posted: at 18-05-2016 12:34 PM (8 years ago) | Upcoming
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- uduehi at 18-05-2016 12:55 PM (8 years ago)
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If u ree compare with all this country then u also have compare the ways u people loot our money change cars and more idiotic buhari so u can hike in pump price? While it was bad in jonathan govt
Posted: at 18-05-2016 12:55 PM (8 years ago) | Upcoming
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- ajepakoromance at 18-05-2016 01:06 PM (8 years ago)
(m)
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 (8 years ago) | Upcoming
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- charlie4u at 18-05-2016 01:11 PM (8 years ago)
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ALL IS WELL
Posted: at 18-05-2016 01:11 PM (8 years ago) | Newbie
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