New Petrol Price Imminent as Marketers Announce Drop in Landing Costs

Oct. 6, 2024 - Legit.ng

Oil marketers report a drop in the landing cost of petrol Credit: Bloomberg/ContributorSource: Getty ImagesPetrol landing costs crash by N200 per litreThe decrease represents a significant decline in the commodity’s price from the one recorded in July when it was N1,130 per litre. A previous report by Legit.

ng shows that the landing cost of petrol dipped to N981 per litre from N1,130 recorded in July. The drop is also attributed to the reduction in the landing cost of imported petrol.

According to reports, the government promised to sell crude oil to naira refineries from October 1, 2024, to relieve Nigerians. The reason is a price difference between Dangote petrol price and imported PMS.

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