…what other facts do we need than the assertion from another major industry player, the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirming that the landing cost per litre of petrol has made it impossible for them to import? “Right now, the landing cost of PMS is over ₦1,200, without the margin of the marketers, transportation, and other logistics. NNPC sells to marketers at ₦565 or so. That means there is a subsidy of almost ₦600 to…
Read the full article here