According to the Major Energies Marketers Association of Nigeria (MEMAN), the landing cost of imported petrol rose to ₦872 per litre on April 28 before dipping slightly to ₦868 on April 29.
Nigerians may soon pay more for petrol as rising import costs squeeze marketers’ profits. Data from the Major Energies Marketers Association of Nigeria (MEMAN) shows the landing price surged to ₦872 per litre on April 28, exceeding Dangote Refinery’s ₦835 ex-depot rate. “The current landing cost is putting pressure on marketers’ margins,” a MEMAN spokesperson revealed, signaling potential price adjustments at pumps nationwide.
Regional disparities persist, with Lagos depots selling at ₦840-₦889 per litre while South-South stations charge up to ₦875 due to logistics. Dangote maintained ₦840 rates, but independent marketers like Pinnacle and Sahara priced at ₦889, reflecting the strain of import costs that have climbed steadily from ₦859 in late April. Analysts warn the widening gap could force an upward price review if trends continue…