Considering he would buy crude at international price range or would NNPC give him special crude rates for their own oil share from IOC JV lets discuss

is the school fees of a private and public school the same

Larryfest:
is the school fees of a private and public school the same

lol but this is a product the government currently subsidises na.u cant compare with ur example

Joromi12:
lol but this is a product the government currently subsidises na.u cant compare with ur example

I want to believe the government also subsidies the public school education also besides there is no way in hell you expect a privately owned business to sell at the same rate the government sells, the man has to make profit....

Larryfest:


I want to believe the government also subsidies the public school education also besides there is no way in hell you expect a privately owned business to sell at the same rate the government sells, the man has to make profit....

fuel is fuel na, will i leave 145 naira fuel to buy 180??

He can't sell less than #200

famouscargo4u:
He can't sell less than #200

Exactly, the landing cost is #200.

Joromi12:
Considering he would buy crude at international price range or would NNPC give him special crude rates for their own oil share from IOC JV lets discuss

This maybe the template they will use.

it depends....if their is enough fuel available,then the price will automaticaly drop....

Tyche:


Exactly, the landing cost is #200.

But you miss the fact that certain costs that is built into the current landing cost will not exist when we refine locally.

Never

Very possible or cheaper, but it may not be immediately. His long term plan is not to buy crude from anybody. He is already developing a marginal producing facility that is going to supply the refinery. The facility will be offshore and development of the facility is ongoing

No, he would sell lower since he won't pay shipping costs.
If he sells hire, then nobody will buy.

gabng:



But you miss the fact that certain costs that is built into the current landing cost will not exist when we refine locally.

I didn't include the local transport yet, just the cost up to Lagos ports

Xisnin:
No, he would sell lower since he won't pay shipping costs.
If he sells hire, then nobody will buy.

exactly....many nigerians dont understand economics that much....

if nigeria start producing fuel localy,then the price would drop....or else cabals mess around again as they do with discos....

Xisnin:
No, he would sell lower since he won't pay shipping costs.
If he sells hire, then nobody will buy.

when u compare shipping to cost of productions nko