Ovamboland:


Prices can never come down below the cost of production or else the refineries will fail again.

Let's start with the real cost of producing a liter of petrol. A liter of crude oil cost 212 naira. A liter of crude will give you 0.4-0.6 litre of petrol. You will still pay cost of refinery equipment, spare parts, salaries etc. Theres no way deregulation will take prices below 212 naira a liter no matter the business acumen of the producer.

The only way to reduce prices is for crude oil prices to crash significantly

itsme01:


Which local refinery? Definitely not NNPC or Dangote

Ovamboland:


Your highest intellectual achievement and contribution to mankind is knowing how to use Seun's quote button and text strikethrough. Come and collect your medal I see you've collected it already, thank you very much

Ovamboland:


My shoe has better intellectual power than you can hope to have good to see your brain got a new competitor baaaaahahahahahahhaahaaaaa!!!!