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Nairaland Forum / Nairaland / General / Politics / Price Of Petrol Across The World In Naira Per Litre - July 2022 (7319 Views)
Petrol At 1,000 Naira Per Litre: Nigerians are going through hell / Expected Petrol Pump Price Drops To N114.53 Per Litre / FG Plans N97 Per Litre Fuel For Common Man (2) (3) (4)
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Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Acidosis(m): 9:12am On Jul 26, 2022 |
A litre of petrol at N682 in South Korea is cheaper than Nigeria's N185. Please stop comparing commodity prices using a single national currency, whether it is naira or dollar. National economies are too complex for such baseless comparisons and countries don't have the same macroeconomic dynamics. South Korea today is one of the most advanced nations in the world yet the South Korean currency, won, is more useless than the Naira. A dollar today is over 1300 South Korean won, with people committing suicide day in day out because of poverty and unemployment. So when you go comparing prices of petrol in Naira in an advanced country with high poverty rate, you end up confusing yourself. Stop this dollar, pound, naira comparison you people do every time on Nairaland. You can't be in Nigeria and be discussing what you'll do with your naira or pounds in another man's country. Economics is not a beer parlour issue. 6 Likes |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by kernniejay(m): 9:19am On Jul 26, 2022 |
GoodMuyis:I hope you guys also discussed this too? 3 Likes 1 Share
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Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by backtovillage: 9:25am On Jul 26, 2022 |
Ruggedniggaone:Uncle, Venezuela is also oil producing nation, in fact a big oil producing nation. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by APCnaPDP: 9:41am On Jul 26, 2022 |
Lol, in Australia, the average daily income is about $150, now compare that in naira to what people in Nigeria earn monthly. Your comparison is like comparing mangoes to oranges. 1 Like |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Simplythebest: 9:55am On Jul 26, 2022 |
Pls they should also compare minimum wage of other countries in Naria then after that we will know who is deceiving who bunch of wicked and selfish leaders. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Mercury12(m): 9:55am On Jul 26, 2022 |
VeryWickedMan:it is family affair. Y'all wicked lots should show little mercy pls lol |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by blingxx(m): 9:57am On Jul 26, 2022 |
Libya - N12 Venezuela- N9 ... Omoh |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by gare(f): 9:59am On Jul 26, 2022 |
GoodMuyis: We keep Comparing rubbish, have you checked how many of those countries are with regular power supply ? Have you checked how many of those countries university student are on strike, have you checked how many of those countries don't have good health facilities for its citizen. when Nigeria is at par with them in those issues raised then I can agree to this comparison, if not hold this your ARTICLE for now 1 Like |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by adesola8r: 10:12am On Jul 26, 2022 |
i think also you will compare hourly income in those countries in naira too so we have feeling of the purchasing poweri think also you will compare hourly income in those countries in naira too so we have feeling of the purchasing power... |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Richy986: 10:19am On Jul 26, 2022 |
Does hourly income affect the prices of other commodities ? Does a farmer ask you about hourly income before selling yam to you? There is production cost and landing cost. Nigeria is shooting it’s self in the foot by subsidizing petrol. It is of no economic sense. The huge funds should be used in providing cheap and affordable urban/rural transportation for the poor masses. No sane country is subsidizing fuel when you can use the huge funds to create infrastructures, health care and educational investments. almelo3: 3 Likes |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Richy986: 10:26am On Jul 26, 2022 |
The whole essence of education in Nigeria has to be re-evaluated because today we have more educated illiterates than educated literates. Comparing dollar to Naira in Nigeria is totally baseless because we do not spend in dollar locally. The exchange rate is only for cross border transactions. Someone earning $1,000 dollars monthly in the United States is regarded as poor and will barely survive while someone earning 600k monthly in Nigeria is a big boy. The whole comparison is flawed and it’s always from unintelligent folks. Acidosis: 4 Likes 2 Shares |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by wirinet(m): 10:32am On Jul 26, 2022 |
SecretReporter: Those you are importing fuel from won't ask you of your minimum wage or access to finance before selling to you. 3 Likes |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by wirinet(m): 10:35am On Jul 26, 2022 |
Richy986: The whole comparison is not flawed because everyone buys petrol at the international price and worse still countries like Nigeria buys refined crude from refineries abroad. So prices are expected to be similar save taxes and subsidies. 2 Likes |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Nobody: 10:39am On Jul 26, 2022 |
they have jobs and good cost and standard of living to take care of their petrol problems and even av enough change to flex life, so whats ur point with this,? they av strong currency and when they pay this much, it doesn't harm their pockets in devastating ways! |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by abfelicity91: 10:51am On Jul 26, 2022 |
So Hong kong jas the highest rice price fuel followed by israel |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Crampyblood(m): 10:55am On Jul 26, 2022 |
Y'all have to bear in mind that the reason why the price is that high is because the naira is useless |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Nobody: 10:55am On Jul 26, 2022 |
GoodMuyis: Post the minimum wage of those nations also. I wan check something. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Iliveforever(m): 11:04am On Jul 26, 2022 |
Op is part of the problem we’re facing in this country. You converted it all to naira, USA is 500 in naira but that’s not even up to $1.. Op suffer head no dey tire you? 1 Like |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by silibaba: 11:28am On Jul 26, 2022 |
AdaoraNK: Did you check Venezuela? |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by silibaba: 11:35am On Jul 26, 2022 |
skj1377: Not true. Ghana is 10.50GHC not N1100 Ghana just humbled car owners in their country. Right now most car owner now patronize public transportation like TROTRO(bus). 3 Likes |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by sinkhole: 11:42am On Jul 26, 2022 |
@OP, it will be appreciated if you can make your data current and also pair the petrol price with the national minimum wage. Thank you NOTE: You may get somehow current data here: https://www.globalpetrolprices.com/gasoline_prices/ 1 Like
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Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by RealLagosBoy: 11:44am On Jul 26, 2022 |
My cousin who is a nurse in UK earns roughly £1200 per month which is equivalent to N810k compare it to my wife that earns 96k here in Nigeria. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by ambale(m): 12:00pm On Jul 26, 2022 |
All of these ina analysis no go even pain person if we are actually refining it here, atleast our economy go dey get the money directly But now we have to develop other economies with our oil and you are here writing junks Head is paining you seriously |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by NaMe4: 12:03pm On Jul 26, 2022 |
SpatialKing: Venezuela, Libya Meanwhile, Nigeria has a poor minimum wage and high unemployment rate. So no basis for comparison with those Countries with higher rates. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by gulfer: 12:11pm On Jul 26, 2022 |
@OP, while you're at it, don't forget to create another post showing us the "minimum workers wages across the world in Naira" |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by PARADIZEPRIEST: 12:30pm On Jul 26, 2022 |
equity1:YU DEY SEE DOUBLE. NAIJA PRICE ON THE REPORT IS N173 LOOK WELL B4 YOU BLAME BUHARI AGAIN. 1 Like |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by citygarden(m): 12:41pm On Jul 26, 2022 |
Iran 22 naira, Venezuela 9 naira. Upon all sanctions that hit them. Abi make they should sanctioned Nigeria too because I want to check something. |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by GoodMuyis(m): 1:02pm On Jul 26, 2022 |
gare: Nothing stopped you from making the comparison yourself and posting wherever you deem fit. 1 Like |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by GoodMuyis(m): 1:04pm On Jul 26, 2022 |
sinkhole: I based my figures on Naira, which many Nigerians should understand better 1 Like |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by AdaoraNK(f): 1:10pm On Jul 26, 2022 |
silibaba: I'm relating to our African contemporary. . Venezuela had had a chronic bad economy close to 10 years |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by sinkhole: 1:13pm On Jul 26, 2022 |
GoodMuyis:I could see that and it is good, but pairing with the national minimum wage will be good too, because what people earn in South Africa or Britain can never be compared with what people earn in Nigeria! |
Re: Price Of Petrol Across The World In Naira Per Litre - July 2022 by Lastbornbuns: 2:06pm On Jul 26, 2022 |
RealLagosBoy:Your cousin is working there and not in Nigeria. Of what use is it to compare? When house rent alone can finish that money � 1 Like |
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