Petrol now N212.6 per litre – PPPRA projects

Fuel pump prices

The Petroleum Products Pricing Regulatory Agency has projected in a new monthly template that the price of Premium Motor Spirit (petrol) will be N212.6 per litre.

The expected ex-depot price is N206.42 per litre, while the landing cost is N189.61.

The average littering expenses were put at N4.81 per litre; Nigerian Ports Authority (NPA) charge N2.49 per litre; NIMASA charge N0.23 per litre; Jetty Thru put of N1.61 per litre and Storage charge of N2.58 per litre and average finance cost of N2.17 per litre, translating to an expected landing cost per litre of N189.61.

The wholesale margin was fixed at N4.03 per litre; administration charge, N1.23 per litre; transporters’ allowance (NTA) of N3.89 per litre; Bridging Fund cost of N7.51 per litre and Marine transport average (MTA) of N0.15 per litre.

The Nigerian National Petroleum Corporation (NNPC) had stated that there would not be any changes in the current price of petrol in March. However, the PPPRA released its template following the increase in the price of crude oil at the international market.

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