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Myth or fact?
Quiz
Test what you learned
1. If 500,000 barrels of crude are refined, should the entire cost of the crude be divided only by PMS litres?
2. Roughly how many litres are in one barrel of crude?
3. Can refined products add up to more litres than the crude that went in?
4. Is the 'net crude burden per PMS litre' the pump price?
5. When the naira strengthens, the naira cost of dollar-priced crude…