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The Godfather @Ayourb
, 6 tweets, 2 min read Read on Twitter
Fuel price is something I am always interested in anywhere I go. Last month in South Africa and now in Dubai, I never fail to make enquiry and compare with Nigeria to help me understand if we are being cheated back home or not. This is what I discovered.
Firstly, I discovered that in South Africa and also in Dubai, PMS are in grades. Usually graded into normal, super and premium or super premium and their prices vary. Here in Dubai, the cheapest per liter is 1.5AUD or N150 and the most expensive is 2.2 AUD or N220 per liter.
While in South Africa PMS prices starts at about 17 rands which is N459 per liter, using the 27 to a rand that most Nigerian banks usually charges. The highest grade of ⛽️ PMS in South Africa is about 18 rands or so and that comes to around N486 per liter.
I remember asking a friend in South Africa why were most people in Johannesburg driving with their windows down and with no AC. Dude told me, fuel price of course. And I just laughed.
We have had a lot of arguments on price of PMS in Nigeria and the truth remains that current the price of⛽️ in Nigeria is cheap, while I commend the NNPC for sustaining the low prices, I hope most of the small refineries will start operating soon to reduce importation.
Not sure for how long we can continue to under-recover, via NNPC to maintain the current low prices.... Just some random thoughts as I lie in my bed, ruminating over how my day went. Like my friend on Facebook, Funmi Adewola would say, May Nigeria succeed.
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