obainojazz:
Damm..... 270/litre

obainojazz:
1400 cedis is around 42,000 Naira using the same google exchange rate

Without subsidy, filling a 60 litre car at 800/litre will cost #48000......... I've been trying to google price of petrol in Nigeria now as I no even know lol

raumdeuter:


Is that Obidient tears in the can?

larride:


That's what I'm saying. Our fuel is cheap.

Nobody will remove fuel subsidy until we have enough refineries to locally produce the fuel we need for local consumption.

Segedinho:

Am talking abt Benin bro..

u hardly see self

Segedinho:

give me a chill Gulder instead

obainojazz:
I hope there will be check in place when the refinery is completed so the marketers won't smuggle to Ghana and co, creating scarcity and an increased price for us

Itsrm:


It's between 185-200 here in PHC so its still impossible to spend 48k weekly on fuel if you don't drive interstate.

Bolt drivers who are on the road from morning till night only spend 4-5k daily on fuel.

larride:


It is correct. Since Ghana redominated their currency in 2007 or so, they removed three zeros from their money.

That 1400 in the real sense is 140k.

The naira is a stronger currency to the cedis

larride:


They are hoarding it.

Segedinho:



wow.


1400 cedis=72k....

We are doomed in this country

obainojazz:
Damm..... 270/litre

Segedinho:

Don't think so.....


They might have hoarded it b4 now but..i still see refilling in some stations that are out of fuel just to sell 4 270 ....

OasisX:




Guess you know I am a Muslim? Chief Imam Amoto94 is watching. I don't wanna be caned 75times.

Segedinho:

Don't think so.....


They might have hoarded it b4 now but..i still see refilling in some stations that are out of fuel just to sell 4 270 ....

izzou:


Most of these prices are just man's wickedness to man.

The landing cost of fuel is 170-172. Add transport and other miscellaneous. It should push it to almost 180.

200 is ideal for any station that fears God and loves mankind

All these 270 - 300 na just our fellow man trying to rip off his struggling brothers

izzou:


Most of these prices are just man's wickedness to man.

The landing cost of fuel is 170-172. Add transport and other miscellaneous. It should push it to almost 180.

200 is ideal for any station that fears God and loves mankind

All these 270 - 300 na just our fellow man trying to rip off his struggling brothers

izzou:


Most of these prices are just man's wickedness to man.

The landing cost of fuel is 170-172. Add transport and other miscellaneous. It should push it to almost 180.

200 is ideal for any station that fears God and loves mankind

All these 270 - 300 na just our fellow man trying to rip off his struggling brothers

Amoto94:

Don't consume, sell or buy alcohol.

larride:


The same thing I said about the price of rice that was skyrocketing.

Nigerians just love fast avenue for profit.

We really need that consumer price board.

izzou:


Most of these prices are just man's wickedness to man.

The landing cost of fuel is 170-172. Add transport and other miscellaneous. It should push it to almost 180.

200 is ideal for any station that fears God and loves mankind

All these 270 - 300 na just our fellow man trying to rip off his struggling brothers

obainojazz:
worked in the downstream sector before japa.... There is also cost of storage which runs into millions, cost of bribing at Apapa where one tanker pays thousands of Naira

There's also cost of licensing, bribing DPR officials which is another millions..... then we get down to other operating expenses

Let's not forget going concern as they need enough profit so when shiit hits the fans, they still remain in business

Without subsidy, I reckon it shout be between 250 to 300 Naira........ They still thieves though as they pay their workers peanuts and pocket the said profits for personal enjoyment

izzou:


Lagos is selling at 180 to 200.

Outside Lagos, it goes for almost 250 to 300.

So does it mean that Lagos marketers don't pay all these dues you listed?

Bros, its greed. Especially those one-man fueling stations.

Oga go just call, put price as e like, and people go dey buy.

When fuel was 170, why was it the same all over the country?

obainojazz:
Surely they are thieves, plus they easily sell in Lagos

But let’s also factor in the extra cost… I just took a screenshot of petrol prices in my area…

While people lament they are buying at $2plus… I buy $1.69 closer to my place…

izzou:


The Government of Nigeria is subsidising PMS. So the RRP should be even

It was even and slightly higher when we were at 170. There was no fueling station selling 200 or 250 then

How come we have a difference of almost 100 naira in some states?

Wicked, heartless greed, my brother

larride:


How come it's not affecting Lagos as much as its affecting Benin then? Trust me they are hoarding it.

Theres a filling station not far from me, they sell for 200 naira and theres no queue nothing. The only place there's queue is Mobil because they are selling for 180

obainojazz:
Ramdeuter, 8 Democrats of Nigerian decent won in the US elections... maybe it's time you switch party

raumdeuter:


Everyone go vote for his/her interest. What concerns them differ from wetin concern me. Na how to make money and get lower taxes concern me. That is what the republican party gives me. Not punishing success and hardwork