My Proposed ₦605 Petrol Only First Step on Affordable Energy Security, Says Gbenga Hashim
•Sets out exchange rate, figures behind the price Chuks Okocha in Abuja Presidential candidate of the Accord Party, Dr Gbenga Olawepo-Hashim, has said his proposed ₦605 per litre petrol price
Chuks Okocha, Presidential candidate of the Accord Party, revealed his proposed ₦605 per litre petrol price to be the starting point of a broader energy policy. This price reflects the cost of domestic crude production, refining, and delivery to Nigerian consumers. The cost breakdown includes $45 per barrel for crude, $30 for refining, and $15 for profit, leading to a price of approximately ₦502 per litre.
Hashim's campaign suggests a potential decrease to ₦200–₦300 per litre by addressing cost factors and improving energy security.
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