Manuel_Champ

All about football news and predictions, music world, health, life discoveries and creation.

[Manuel_Champ @ManuelTrap01]

@DAMIADENUGA You dey wyne
You don give before?

[Manuel_Champ @ManuelTrap01]

@davido Money no dey baba

[oseni rufai @ruffydfire]

Why is petrol
Price still high ooo

A standard international barrel contains exactly 159 litres of liquid. [1, 2]
•Formula: \(\text{Crude Price per Barrel} \div 159\text{ Litres}\)
•Math: \(\$74 \div 159 = \mathbf{\$0.465\text{ per litre}}\) [1]

Step 2: Adding Refining Cost & Premiums
Raw crude must be refined into Premium Motor Spirit (PMS). Downstream models factor in a refining premium, operational margins, and port charges, typically adding around $10 to $12 per barrel (approx. $0.07 per litre). [1, 2]
•Formula: \(\text{Raw Crude Cost} + \text{Refining Margin}\)
•Math: \(\$0.465 + \$0.070 = \mathbf{\$0.535\text{ per litre}}\) (Wholesale Product Value)

Step 3: Foreign Exchange Conversion
Because petroleum is priced globally in US Dollars, the local cost is highly sensitive to the Naira exchange rate (currently averaging around ₦1,450/$). [1, 2]
•Formula: \(\text{Wholesale USD Price} \times \text{Exchange Rate}\)
•Math: \(\$0.535 \times ₦1,450 = \mathbf{₦776\text{ per litre}}\) (Ex-Refinery/Ex-Gantry Baseline)

Step 4: Downstream Distribution, Margins, and Taxes
To get the fuel from a facility like the Dangote Refinery to local filling stations, multiple local costs are layered on: [1, 2]
•NMDPRA Regulatory Levies: ₦5 – ₦10 per litre
•Transportation/Logistics (Nett): ₦30 – ₦50 per litre
•Marketer & Retailer Margins: ₦40 – ₦70 per litre
Even if you add 100 Naira and add trans port cost

It should be less than 1000

[Manuel_Champ @ManuelTrap01]

@Big_Mck Funny how after paying for the blue tick and after 3 days of subscription it disappeared. Looting.

[oseni rufai @ruffydfire]

Nigerian marketers reduce fuel price

Refineries reduce fuel price

International prices have gone down

[Manuel_Champ @ManuelTrap01]

The MUSIC INDUSTRY no real love, the MOVIE INDUSTRY no love, we don't really love ourselves, We're all looking for who we think we are bigger than to step on.

[Manuel_Champ @ManuelTrap01]

@bethTmufc Semedo coming on and dalot is on the bench tells where man utd is at, average players getting regular game time.

[Manuel_Champ @ManuelTrap01]

@leko__shoba Pls help me repost
My blue tick has gone away just after 3 days of subscribing

[Manuel_Champ @ManuelTrap01]

@elonmusk It's been 3 days now losingy blue tick and less than one since I subscribed @elonmusk

[Manuel_Champ @ManuelTrap01]

@elonmusk I no longer see my blue tick after 3 days of subscription

[Manuel_Champ @ManuelTrap01]

@premium Help rectify, I'm subscribed to premium but I can't see my blue tick anymore

[Manuel_Champ @ManuelTrap01]

@OmwambaHSC Me too, lost my blue tick and it still hasn't been rectified.

[Manuel_Champ @ManuelTrap01]

@xai @premium @warpdotdev Pls help rectify, my premium subscription just went away, it's not up to a week I subscribed.

[Manuel_Champ @ManuelTrap01]

@Kingsholz My blue tick just disappeared
I just subscribed 3 days ago @elonmusk
Someone complained too

[Manuel_Champ @ManuelTrap01]

@TimileyinRahmon @FabrizioRomano Is that the reason they admit to him being their role model?

[Manuel_Champ @ManuelTrap01]

@CFC_Janty Roberto Martinez ruined their only chance of major silverware. He had Vertoghen, Toby Aldewered, vermeleen, witsel, dembele, de bruyne, hazard, Lukaku and so many go players but delivered nothing not even good football.

[Manuel_Champ @ManuelTrap01]

@FabrizioRomano The World Cup still feels like MLS to Messi Until he starts facing the real European giant, remember Portugal didn't start well and we are familiar with the scenario of winning the World Cup after having a poor start just like Argentina did.

[Manuel_Champ @ManuelTrap01]

@FabrizioRomano Iran denied America Uranium and denied Belgium Celebration.

[Manuel_Champ @ManuelTrap01]

Iran denied American Uranium and Belgium Celebration.