Marketers to publish daily landing cost for PMS, others
The Major Energy Marketers Association of Nigeria (MEMAN) has resolved to publish daily the landing cost data of petroleum products. This is amid the galloping landing cost of Premium Motor Spirit (PMS) also known as petrol which stands at N1,117 per litre as of Wednesday. As of the time of filing this report, the landing […]
The Major Energy Marketers Association of Nigeria (MEMAN) has resolved to publish daily the landing cost data of petroleum products.
This is amid the galloping landing cost of Premium Motor Spirit (PMS) also known as petrol which stands at N1,117 per litre as of Wednesday.
As of the time of filing this report, the landing cost of diesel (AGO) and aviation fuel (ATK) goes for N1,179 per litre and N1,230 per litre respectively.
The group comprises major fuel marketers – 11plc (Mobil), Total, NNPC, MRS, Conoil, and AP.
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The decision to publish daily landing costs of the product was one of the takeaways at the quarterly virtual briefing of the association.
The Executive Secretary of MEMAN, Clement Isong, said there would also be weekly publication of newsletter and quarterly industry reports and yearly reports.
Stakeholders at the webinar advocated the promotion of supply diversity which enhances competition in the petroleum industry by effectively implementing the Petroleum Industry Act (PIA) 2021 to streamline operations and reduce costs in refining or importing petroleum products.