₦airaland Forum

anetuno:
That is Buharimatics, a very bad science. Attempt it and be labelled a wailer

peacengine:
World market oil price = $111 per barrel = N87 pump price in Nigeria

World market oil price = $40 = N200 pump price in Nigeria

If you can solve this equation, you are more brilliant than Einstein.

anetuno:
That is Buharimatics, a very bad science. Attempt it and be labelled a wailer

peacengine:
World market oil price = $111 per barrel = N87 pump price in Nigeria

World market oil price = $40 = N200 pump price in Nigeria

If you can solve this equation, you are more brilliant than Einstein.

justmenoni:
Op:


1 barrell approx is 160 litres
So in the 16years ppl ( ) @150/1$ that means 111*150= 16,650 naira per barrell divided by 160litres equals 104.25 naira per litre,wetin the 16 years ppl dey do to sell at 87naira na God fit explain and maybe our efikos and agba awos fit do something about it.


The 9months 1 year ppl rule... 40$ * 199(bank rate) equals 7960 per barrell divided by 160 litres equals 49.75 naira.


So op the answer to your question oder equation.

Pdp/16 years: suppose sell at 104.25
Apc/1 year: suppose sell at 49.75

All the same sai baba,give us 15 more year's and you can compare us with pdp's 16 year's time.


Ngeneukwenu u Don see ur techno charge? Hope sey D rubber band wey u take bond am never comot

$111 at

Proudlyngwa:
Op if you dont know the difference between mathematics and economics.
Go back to school.

Sempumping:
No question .....not mathematics



demand and supply theory is responsible ....

Increased suppliers/producers that lead to increased supply of produce while demand is reduced and cost of production is static ......




God help Buhari. ....God help Nigerian government ......God help Nigerians





....what u get when u keep all your eggs in 1 basket(crude oil reliance)=unforseen hardship

peacengine:
O boy you don confuse me finish

peacengine:
O boy you don confuse me finish

NwaNimo1:
Depreciation through over printing of the naira to fund our politicians, their excesses and incompetence....

Very simple to solve..... also known as inflation!

wirinet:
Simple equation.

World market oil price = $111 per barrel = N87 pump + about N40 subsidy. Somehow the total cost of subsidy jumped to over N3 trillion in one year.

World market oil price = $40 = N145 ( and not N200) with no subsidy.

In real economic terms the cost of crude is only about 20% of the total cost of petrol. The pump price of petrol in Nigeria includes buying price of petrol in foreign refineries, cost of shipping the petrol from the refinery to Nigerian ports, cost of insurance, various taxes, storage costs, transportation to depots and petrol stations, bridging cost, and of course corruption cost.
Oh, I forgot there is also exchange rate cost as you will have to change naira to dollars to buy the petrol abroad.

So you see crude prices are only a fraction of the pump price of petrol.