The 10th House of Representatives yesterday adopted the Federal Government’s proposed crude oil benchmark of $64.85 per barrel for 2026, diverging from the Senate, which earlier approved a lower $60 benchmark under the 2026–2028 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP). The House decision followed the consideration and adoption of a report by its committees on Finance, National Planning and Economic Development, which endorsed the executive’s oil price assumptions of $64.85, $64.30 and $65.50 per barrel for 2026, 2027 and 2028, respectively. This came ahead of the presentation…
Read MoreH’Reps approve $64.85 oil benchmark against Senate’s $60
