About 90,000 tonnes (90 million litres) of cheap Premium Motor Spirit (PMS) have been imported into the country this week even as local production supply increased by 670 per cent in less than one year.
The new importation is linked to the new landing cost, which dropped to $0.44 per litre amid the ongoing price war among petroleum marketers.
At the jetties this week, the Nigerian Ports Authority (NPA)’s Shipping Position revealed that Kuouros berthed with 38,000 tonnes; Mosunmola, 36,000 tonnes and Nord Maverick, 16,000 tonnes. However, last month, only 75,400 tonnes were imported through Apapa jetty by marketers, leading to 16.3 per cent increase in imports in one month.
Read more at Newtelegraphng
The new importation is linked to the new landing cost, which dropped to $0.44 per litre amid the ongoing price war among petroleum marketers.
At the jetties this week, the Nigerian Ports Authority (NPA)’s Shipping Position revealed that Kuouros berthed with 38,000 tonnes; Mosunmola, 36,000 tonnes and Nord Maverick, 16,000 tonnes. However, last month, only 75,400 tonnes were imported through Apapa jetty by marketers, leading to 16.3 per cent increase in imports in one month.
Read more at Newtelegraphng