reported that the cost of importing one litre of fuel by marketers from refineries abroad has increased to N1,026.71 per litre.
More than 1,800 filling stations in northeastern Nigeria were closed on Monday, May 24, in protest against an anti-smuggling operation that singled out specific owners, forcing drivers to purchase on the street.his is an increase from the N545.83 per litre NNPC paid to bring the same product in the corresponding period in 2023. According to the report, the landing cost excludes other additional expenses, such as port-related charges, transportation logistics, and marketers’ margins. When combined, these costs would bring the delivery price at filling stations to nearly N1,052.39 per litre, based on an exchange rate of N1,510 to a dollar, resulting in a differential of N458.71 per litre.
