Major oil marketers under the aegis of the Major Energies Association of Nigeria (MEMAN) have revealed that the landing cost of imported petrol has increased by N88 per litre in one week amid reports of an increase in the importation of the commodity.
According to reports, MEMAN confirmed in its daily energy bulletin on Wednesday, March 26, 2025, that the increase was from N797 per litre last week to N885 per litre this week, a situation it argues is expected in a deregulated environment.
The new landing cost is N25 higher than the N860 that end-user customers pay for Dangote petrol from MRS, other partners, and the Nigerian National Petroleum Company (NNPC) Limited retail outlets.
This is coming barely a week after Dangote refinery had announced that it would stop the domestic supply of petrol in naira due to the suspension of the naira for crude by the NNPC. It stated that the temporary decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in U.S. dollars.
