Breakdown of the Landing Cost of Premium Motor Spirit (PMS)

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Here’s a breakdown of the costs that make up the landing cost of Premium Motor Spirit (PMS), also known as petrol, in Nigeria, totaling N1107 per liter:

1. FOB cost: N434.32
2. Freight cost: N86.48
3. Insurance cost: N10.58
4. Lightering cost: N23.45
5. Jetty depot fees: N15.35
6. Storage fees: N12.58
7. Financing costs: N34.67
8. Foreign exchange costs: N23.45
9. NPA charges: N10.58
10. NIMASA charges: N5.29
11. Customs duties: N51.17
12. Other levies and charges: N50.00

Total landing cost: N1107.00

Please note that these costs are subject to change and may vary depending on market conditions, exchange rates, and other factors. This breakdown is based on publicly available data and may not reflect the current or exact costs.

With Dangote refinery you may not pay 2,5,6,7,8,9,10,11

So the cost will significantly be reduced but spoil business for these Parastatals and the CABALS.

See why they are frustrating Dangote😎

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