Crude Now $15 per Barrel, FG Should Sell Fuel at N90 – Comr. Deji


The human right activist Comr. Deji Adeyanju has ask the Federal Government to sell PMS at the rate of N90.
He made his calculations as follows.
1 barrel of crude oil is now $15;
1 barrel = 159 litres;
1 barrel @ $15 = N5,400;
N5,400 ÷ 159 = N34;
1 litre cost N34.
Why can’t we sell 1 litre for N90? And they still claim billions for subsidy.

Comr. Deji
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