The fall in price of crude from $50 to $48 a barrel as at yesterday is threatening the revenue projections of the Federal Government. With approved crude oil price benchmark in the 2017 budget at $44.50 per barrel, about $3.5 is now being earned as excess revenue per barrel of crude oil exported at the prevailing market price of $48 a barrel. But, at the former price of $50 per barrel, the country was retaining about $5.5 as excess revenue per barrel.
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