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Nigeria should price domestic crude at production cost, says Donald Duke

Nigeria should price domestic crude at production cost, says Donald Duke

By GhanaSummary NewsroomNigeria

*Urges commercial sale of other crude-oil products Former Cross River State governor and presidential candidate of Peoples Redemption Party, PRP, Donald Duke, has said Nigeria should supply crude oil for domestic refining at its production cost, rather than its international market price.

Duke added that petrol represented only one of the products derived from crude oil and should not be made to bear the entire cost of the barrel.”He stated further that Nigeria required about 300,000 barrels of crude oil daily for domestic consumption out of its estimated production of 1.

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