The landing cost of imported premium motor spirit increased to N885 per litre on Wednesday from N797.
The Major Energy Marketers Association of Nigeria disclosed the rise in the landing cost of petrol in its daily energy bulletin released on Wednesday.
This represents 88 increase from the N797 per litre landing cost of petrol last week.
The implication is that the price of imported petrol at Nigerian filling stations may increase to about N1,000 per litre from between N940 and N970.
The current landing cost of petrol is N797 compared to the ex-depot price of Dangote Refinery’s petrol, which stood at N815 per litre. To this end, Dangote Petrol is sold at a retail price in MRS fillings at N860 and N880 per litre in Lagos and Abuja.
