My brother check your calculation where you said 1 litre of crude oil will give 1 litre of PMS. What of other products like diesel, kerosene etc. Also a barrel of crude oil is 159 litres but after refining it will give 170 litres of products. Including this should crash the price of PMS from your value.
Whoever bought the crude also bought all the other by products. That is calculated in the crude sold . Na money to process the crude into different products.
Nigeria na scam better scam, somethings i wonder why this country even waste money on prison yards, negotiating for who, allowe dangote to sell directly to the end consumer and lets negotiate with him joor the thunder wer go strike dem still de under go tasting
I noticed you did not add the margin the refinery should make from each liter of PMS. Firstly, i believe NNPC are interfering with the whole petroleum issue, Dangote refinery is a private entity and should not be monopolised by NNPC(who have failed for the past 25 yrs). Its clear they are making all efforts to keep the oil business from being transpaent. We refuse to be confused by NNPC.
Please follow my accounts:
Facebook ( DonAza ): facebook.com/profile.php?id=61561958206279
Instagram ( donazadeanalyst ): instagram.com/donazadeanalyst
TikTok ( DonAza De Analyst ): www.tiktok.com/@donazag
UA-cam ( DonAza ): www.youtube.com/@donazag
The problem lies in the exchange rate. So there has to be a way of slashing naira to dollar rate
I just bought from the former AP in Abuja @950 per liter
Your analysis might be true but in line with the lies they want us to believe
My brother check your calculation where you said 1 litre of crude oil will give 1 litre of PMS.
What of other products like diesel, kerosene etc.
Also a barrel of crude oil is 159 litres but after refining it will give 170 litres of products.
Including this should crash the price of PMS from your value.
It is the one litre of pms from the crude we are looking at here - others are done separately.
Whoever bought the crude also bought all the other by products.
That is calculated in the crude sold .
Na money to process the crude into different products.
Nigeria na scam better scam, somethings i wonder why this country even waste money on prison yards, negotiating for who, allowe dangote to sell directly to the end consumer and lets negotiate with him joor the thunder wer go strike dem still de under go tasting
I noticed you did not add the margin the refinery should make from each liter of PMS.
Firstly, i believe NNPC are interfering with the whole petroleum issue, Dangote refinery is a private entity and should not be monopolised by NNPC(who have failed for the past 25 yrs). Its clear they are making all efforts to keep the oil business from being transpaent.
We refuse to be confused by NNPC.