Landing cost of petrol falls to N1,283.81 per litre

Nigeria’s landing cost for imported petrol fell to N1,283.81 per litre from N1,292.88, according to a bulletin from the Major Energies Marketers Association of Nigeria (MEMAN). The decline came as Brent crude edged up from $108.80 to $108.90 per barrel. The landing cost remained below Dangote Refinery’s price and depot owners’ prices, while motorists in Lagos and Abuja were paying N1,370 to N1,429 per litre. A proposed 30-day discount at NNPC Limited stations, with petrol priced at N1,350 per litre, had not been implemented at the time of reporting.