By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Petrol Landing Cost Hits N1,117 Per Litre – Marketers
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Petrol Landing Cost Hits N1,117 Per Litre – Marketers

Business

Petrol Landing Cost Hits N1,117 Per Litre – Marketers

Olaitan Sodiq
Olaitan Sodiq
Published: June 12, 2025
Last updated: June 12, 2025
2 Min Read
Share
Petrol Landing Cost Hits N1,117 Per Litre - Marketers | Daily Report Nigeria
SHARE

 

The landing cost of petrol has soared to N1,117 per litre, according to the Major Energies Marketers Association of Nigeria (MEMAN).

This revelation has sparked concerns about the sustainability of the current pump price of petrol in Nigeria.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

MEMAN disclosed that the landing cost of diesel was N1,157 per litre, while that of aviation fuel was N1,127 per litre.

The association’s Executive Secretary, Clement Isong, stated that the costs were obtained from independent energy price benchmark providers.

He emphasized that MEMAN would release similar information regularly to keep the masses informed. This move is seen as a bid to promote transparency in the industry.

Experts have long argued that the current price of petrol in Nigeria is unsustainable, considering the international market price. Prof. Wumi Iledare, an energy sector expert, noted that the gap between the cost of diesel and petrol in Nigeria is unusually wide.

READ ALSO: 4 Spanish Clubs Compete for Umar Sadiq Amid Exit Talks

“The price of petrol today does not reflect the market cost of producing a litre of petrol,” he said.

The International Monetary Fund (IMF) has also warned Nigeria to remove fuel subsidies, stating that they would gulp 3% of the nation’s GDP in 2024.

President Bola Tinubu had declared the removal of fuel subsidies during his inauguration, but the government has yet to take concrete steps in that direction.

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Newcastle Reject Whooping £110m Liverpool Bid for Isak | Daily Report Nigeria
Newcastle Reject Whooping £110m Liverpool Bid for Isak
Sports
Justin Timberlake Discloses Lyme Disease Diagnosis | Daily Report Nigeria
Justin Timberlake Discloses Lyme Disease Diagnosis
Entertainment
Sabinus Raises Alarm Over Keke Napep Driving Habits, Calls for Regulation | Daily Report Nigeria
Sabinus Raises Alarm Over Keke Napep Driving Habits, Calls for Regulation
Entertainment
Just In: RB Leipzig in Talks to Sign Chelsea Trio | Daily Report Nigeria
Just In: RB Leipzig in Talks to Sign Chelsea Trio
Sports
Trump Slams 15% Tariff on Nigeria, Others as US Escalates Trade War | Daily Report Nigeria
Trump Slams 15% Tariff on Nigeria, Others as US Escalates Trade War
News

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Tein Jack-Rich Gets License to Build Crude Oil Export Terminal
Business

Tein Jack-Rich Gets License to Build Crude Oil Export Terminal

June 14, 2025
Elon Musk To Launch Automated Wife
Business

Elon Musk Wealth Reaches $447 Billion Net Worth

June 15, 2025
CBN Reacts to Naira Devaluation
Business

CBN Injects $20,000 Into Forex Market To Boost Liquidity

June 5, 2025
Dangote Refinery Misses Production Date
Business

US Imports Over 2 Million Barrels of Jet Fuel from Dangote Refinery

June 14, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?