The Nigerian National Petroleum Company Limited has introduced a N500,000 Ship-to-Ship Coordination Charge for each transhipment operation for Premium Motor Spirit, popularly called petrol, involving the NNPC Marine Logistics.
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It was gathered on Monday that this charge on any transhipment operation was part of moves by the NNPC to fully recover its operational cost since the recently passed Petroleum Industry Act had made the national oil firm a limited liability company.
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The NNPC’s cost recovery drives through the new transhipment charge, it was learnt, made depot owners raise the ex-depot price of petrol, a development that has forced marketers to increase the PMS price above the approved cost of N142-N145/litre.
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