Just incase. At a crude oil price of $47/barrel, import price - TopicsExpress

Just incase. At a crude oil price of $47/barrel, import price (cost and freight) of petrol is N64.41/litre (exchange rate of N171.36 advised by PPPRA) and landing cost is N74.41 (inclusive of N1.28 traders margin). This is lower than the ex-depot price of N81.51 (the difference between the landing cost and the ex-depot price is paid as subsidy). If you add bridging of N5.85, retailers margin of N4.60 and transporters margin of N2.99, the total cost is N87.85. Technically, there is no more subsidy on petrol. Weldone GEJ.

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