plants are considering closures.
The Nigerian National Petroleum Corporation was reported on Monday to have cut its April official selling prices for Bonny Light and Qua Iboe, two of the nation’s major grades, by $5 per barrel to dated Brent minus $3.29 and minus $3.10 per barrel, respectively. The discounting is leaving revenue per barrel at a fraction of the prices factored into many 2020 budgets, which is likely to put even more pressure on government finances in some oil producing countries, according to Reuters.
Light grades with low density and sulphur are mostly used to make naphtha, petrol and jet fuel, refined products that are both out of favour because of the economic fallout from the pandemic and also hard to store for long.
Good Jews, maybe you all can now learn a good lesson and diversify the economy without propaganda....
But here people are struggling to buy oil
😂😂😂😂
Na to use our oil cook soup, them never first warn them?
MbahEmm14538188 It should be reduced to 50 Naira then 🤷🏽♂️
Niger delta Oil🤣
Eyin olori klku.. Be using it to bathe na
Enu tigbe
Drink it then😏
Welp
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