Scenario lab
What happens when crude price changes?
Net crude burden per PMS litre (₦/L) vs crude price ($/bbl)
Below zero = simplified netback, where diesel + jet benchmark value exceeds crude cost. That does not mean petrol is free.
What happens when the naira strengthens?
A stronger naira reduces the naira value of dollar-priced crude and other internationally priced inputs.
Net Crude Burden per PMS Litre
NOT PUMP PRICEThe share of the daily crude bill left for each litre of petrol, after diesel and jet fuel have paid their part.
Daily crude cost
₦80.10 billion
Diesel + jet credit
₦68.87 billion
Crude cost left for petrol
₦11.23 billion
Teaching metric — NOT PUMP PRICE
₦224.65/L
at $110/bbl and ₦1,350/$
Included in this number
- Raw crude oil cost (your $/bbl × ₦/$)
- Diesel benchmark value (credit)
- Jet fuel benchmark value (credit)
Not included (counted as ₦0)
- Refinery running costs
- Paying back the cost of building the refinery
- Refinery profit margin
- Pipelines, trucks and depot storage
- Wholesale and filling-station margins
- Taxes, levies and regulatory charges
This number is only a teaching metric showing why co-products matter. It is NOT the full production cost of petrol, NOT the refinery gate price and NOT the pump price.
Add these missing costs yourself in "Build your own petrol price scenario"Share
My Barrel to Pump Scenario
NOT PUMP PRICE- PMS demand
- 50.00 million L/day
- Crude required
- ≈539,000 barrels/day
- PMS output
- 50.00 million L/day
- Diesel output
- ≈23.64 million L/day
- Jet fuel output
- ≈17.27 million L/day
- Crude price
- $110/bbl
- FX rate
- ₦1,350/$
- Daily crude cost
- ₦80.10 billion
- Diesel + jet benchmark value
- ₦68.87 billion/day
- Net crude burden/PMS L
- ₦224.65/L
- Advanced cost adders (opex, margins, taxes)
- —
- Estimated pump price
- —
Illustrative educational scenario based on user assumptions. Net crude burden is a teaching metric; the pump-price line is a rough estimate only when extra costs are entered above — not an official, audited or actual pump price.