If petrol is being sold at 550 naira per litre when it was imported at the rate of 465 naira to a dollar, how much will a liter of petrol be sold when imported at 664 naira to a dollar?

This is a difference of 200 naira.

Expect petrol to hit 750 naira per liter. It could even go higher to 850 and 950 when dollar is 764 naira and 864 naira respectively.

jmoore:
If petrol is being sold at 550 naira per litre when it was imported at the rate of 465 naira to a dollar, how much will a liter of petrol be sold when imported at 664 naira to a dollar?

Around #600. Nigerians would soon enjoy what lagosians have been enjoying since 1999.

N550 X N664 = N785.38
N465

joyandfaith:


Around #600. Nigerians would soon enjoy what lagosians have been enjoying since 1999.

We're in for a long ride.

This one no even dey positive about the Dangote refineries which will save the cost of first, exporting the crude oil to other countries, importing it back to Nigeria .

Funnily, FG has been paying ghost subsidy money as half of those products don't make it to Nigeria

All of una go japa enter Benin republic soon. That's Tinubu's plan.

JujuYouth:
All of una go japa enter Benin republic soon. That's Tinubu's plan.

And in Benin Republic Petrol is 50naira dere....

Derr Petrol even cost pass our own...

Does the refinery belong to Nigeria

Nigerians are ready to suffer today and enjoy tomorrow

helinues:
This one no even dey positive about the Dangote refineries which will save the cost of first, exporting the crude oil to other countries, importing it back to Nigeria .

Funnily, FG has been paying ghost subsidy money as half of those products don't make it to Nigeria

dangote refinery na government or privately owned?

lonecatt:
dangote refinery na government or privately owned?

Private owned but more beneficial to the FG.

helinues:


Private owned but more beneficial to the FG.

And you still have no job

helinues:


Private owned but more beneficial to the FG.

by way of monopoly you mean?

helinues:
This one no even dey positive about the Dangote refineries which will save the cost of first, exporting the crude oil to other countries, importing it back to Nigeria .

Funnily, FG has been paying ghost subsidy money as half of those products don't make it to Nigeria

Mumu. Your APC govt promised to build refineries but after 8 years, it was Dangote refinery that we see. Una mumu too much abeg..

lonecatt:
by way of monopoly you mean?

Wetin this one dey talk?

Ordinarily, for the fact that the petroleum products will be refined within Nigeria, that will make FG to be able to track the movement of the products without as usual diverting.

Even other neighbouring countries are patiently waiting for Dangote refineries to start functioning so that they can refine their natural products close by without wasting money in going to Europe e.t.c

Derrickfoster1:


Helinues you are almost 47 why not look for something doing?

Too early for dis vavulence sir

With Dangote or not, the fuel price will not decrease. It will keep increasing until they introduce a blindfold of a unified pricing system to appease complainants like you and I ...and we will feel it's also a good move.

helinues:


Wetin this one dey talk?

Ordinarily, for the fact that the petroleum products will be refined within Nigeria, that will make FG to be able to track the movement of the products without as usual diverting.

Even other neighbouring countries are patiently waiting for Dangote refineries to start functioning so that they can refine their natural products close by without wasting money in going to Europe e.t.c

fg will track private business?
are you ok

Mboi:

Mumu. Your APC govt promised to build refineries but after 8 years, it was Dangote refinery that we see. Una mumu too much abeg..

Stop living in the past.

You are alive with the steps this new government has taken within short period of time

For once, have positive mindset about your country

lonecatt:
fg will track private business?
are you ok

Why do you people always like to shook mouth for something wey una no sabi?

Na Dangote get the unrefined oil?

Mboi:

Mumu. Your APC govt promised to build refineries but after 8 years, it was Dangote refinery that we see. Una mumu too much abeg..

D funny thing bi say, same people wey dey sell their papa property do owambe na dem go still suffer pass

helinues:
This one no even dey positive about the Dangote refineries which will save the cost of first, exporting the crude oil to other countries, importing it back to Nigeria .

Funnily, FG has been paying ghost subsidy money as half of those products don't make it to Nigeria

This thread is for those that know maths. Solve the simple maths.

jmoore:


This thread is for those that know maths. Solve the simple maths.

I expected you to have countered that.

Let's see how good you are in maths and economics

helinues:


Why do you people always like to shook mouth for something wey una no sabi?

Na Dangote get the unrefined oil?

he has the license oga and paid fully.he is a private business, he is even powerful than that your fg abi the loan with interest you gave him is he not paying back

helinues:
This one no even dey positive about the Dangote refineries which will save the cost of first, exporting the crude oil to other countries, importing it back to Nigeria .

Funnily, FG has been paying ghost subsidy money as half of those products don't make it to Nigeria

Let it save it first. Is it not same Dangote that hadly exports from Nigeria. Expect Intl prices when he starts because his loan will be repaid with future exchange rates.

lonecatt:
he has the license oga and paid fully.he is a private business, he is even powerful than that your fg abi the loan with interest you gave him is he not paying back

You see, I dey always argue with those that always referred Obi's supporters as illiterates or half baked.

Those people are indeed right. Imagine what you guys have been spewing on this thread

So as one was arguing about Gbaja voting in the house election, even when we enlightened him, he refused to listen and hours later, exactly what we told him came to pass

Make una stop all this ITK in issue you know little about

CodeTemplar:
Let it save it first. Is it not same Dangote that hadly exports from Nigeria. Expect Intl prices when he starts because his loan will be repaid with future exchange rates.

Chai, by the time Dangote refineries will start full operation, don't you think the price of oil at least within Africa would come down?

Is there any African countries with local refineries? How many African countries have oil deposit?

That's to tell you that they have been going to far Europe to refine their products which cost more compare to refine it nearby in Africa.

Except if you are telling me that Shipping cost to Europe is more cheaper than shipping cost within Africa

As for Dangote's loan, it won't even stress him before he would repay it back. His refineries running meaning for now, he has monopoly on it within Africa.

helinues:


Chai, by the time Dangote refineries will start full operation, don't you think the price of oil at least within Africa would come down?

Is there any African countries with local refineries? How many African countries have oil deposit?

That's to tell you that they have been going to far Europe to refine their products which cost more compare to refine it nearby in Africa.

Except if you are telling me that Shipping cost to Europe is more cheaper than shipping cost within Africa

All these long episode without a job is bad o

helinues:


You see, I dey always argue with those that always referred Obi's supporters as illiterates or half baked.

Those people are indeed right. Imagine what you guys have been spewing on this thread

So as one was arguing about Gbaja voting in the house election, even when we enlightened him, he refused to listen and hours later, exactly what we told him came to pass

Make una stop all this ITK in issue you know little about

Oga you know nothing . dangote is private business.

helinues:
This one no even dey positive about the Dangote refineries which will save the cost of first, exporting the crude oil to other countries, importing it back to Nigeria .

Funnily, FG has been paying ghost subsidy money as half of those products don't make it to Nigeria

Which dangote refinery?😂😂 Refinery wey no go work in 3 years to come..make imagination no finish you

Dangote refinery will work and they're giving him license to import fuel. Them go scam una for this country till una notice say nothing remain for Nigeria again

The price of petrol to go up further. The current price of N500 means a litre of imported petrol is now less than 1$