You want to buy petrol from a refinery that bought its crude oil in USD, you will pay in USD. If you supply the crude oil in Naira, you can buy the petrol in Naira. If you supply the crude oil in Naira but at the prevailing USD market rate, you will also buy the petrol in Naira at the prevailing USD market exchange rate. If you want to continue to subsidise the cost of petrol to Nigerians, then sell the crude oil to DRL at a discounted price, and the discount will be reflected in the price of a litre petrol. For the record, the price of a barrel of crude oil represents 60% of the final cost of a litre of petrol at the pump.
There is a concept called Emergency Preparedness and Response Plan (EPRP). Preparedness comes before Response. Saying nothing can be done because disaster occurs in saner climes is short sighted and ill informed
Jide is the greatest pretender I have ever witness in my life, this guy before tinubu seem to know all the right question to ask, criticise the current government in a way you will be amazed. But suddenly he lost all those wisdom. You talk slower and dumbly Jide please once in a while, try dey look mirror you have become a shadow of yourself
You want to buy petrol from a refinery that bought its crude oil in USD, you will pay in USD. If you supply the crude oil in Naira, you can buy the petrol in Naira.
If you supply the crude oil in Naira but at the prevailing USD market rate, you will also buy the petrol in Naira at the prevailing USD market exchange rate.
If you want to continue to subsidise the cost of petrol to Nigerians, then sell the crude oil to DRL at a discounted price, and the discount will be reflected in the price of a litre petrol.
For the record, the price of a barrel of crude oil represents 60% of the final cost of a litre of petrol at the pump.
There is a concept called Emergency Preparedness and Response Plan (EPRP). Preparedness comes before Response. Saying nothing can be done because disaster occurs in saner climes is short sighted and ill informed
Jude with lies, Nigeria doesn't have the most expensive crude oil
Respectfully, Please watch again. He said the most expensive crude oil production not the most expensive crude oil. Get your fact right!!!
UCA that's problem of Nigeria,Citi Bank is the problem where the Central Bank Gorbnor came
What is the sharing formula of daily crude oil production with the international oil companies and investors?
What is the source of foreign currency in Nigeria? Please lets hear it.
Turner Lock
Brett Wall
Florida Parkways
Michale Trace
BKO. Do we now have the worst CBN governor? Funny
Jide is the greatest pretender I have ever witness in my life, this guy before tinubu seem to know all the right question to ask, criticise the current government in a way you will be amazed. But suddenly he lost all those wisdom.
You talk slower and dumbly
Jide please once in a while, try dey look mirror you have become a shadow of yourself
Is he jide or Jude?
Jide the guy tie Egbesu o
Jude you are too biased. The universe will judge you.
Shut up Ur mouth if you don't have anything to say .
Harris Kimberly Harris Ruth Wilson Donna