Landing Cost of Petrol Hits N1,117/litre, MEMAN Reveals
The landing cost of Premium Motor Spirit, also known as petrol, was N1,117/litre as of Tuesday, July 16, 2024, the Major Energies Marketers Association of Nigeria announced on Wednesday.
MEMAN disclosed this during a webinar with journalists on Wednesday.
The association revealed that the landing cost of diesel was N1,157/litre, while that of aviation fuel was N1,127/litre.
MEMAN’s Executive Secretary, Clement Isong, said the costs were obtained from independent energy price benchmark providers.
The association maintained that it would release similar information regularly to keep the masses informed.
Recently, independent oil marketers accused private depot owners of hiking the ex-depot price of petrol from N630 to N720/litre.
