Data obtained by the Major Energies Marketers Association of Nigeria (MOMAN) on Wednesday indicated that the landing cost of a litre of imported petrol increased by ₦88 in one week.
The association confirmed the rise in the landing cost in its daily energy bulletin released on Wednesday, arguing that price changes are inevitable in a deregulated market.
The increase was from ₦797 per litre last week hitting ₦885 per litre this week. This is an increase of N88 for each litre of petrol imported into the country.
The new landing cost is ₦25 higher than the ₦860 that end-user customers pay for Dangote petrol from MRS and other partners.
Similarly, the Dangote refinery’s ex-depot petrol price is ₦815 per litre, ₦70 lower than the new landing cost. (Channels)