BREAKING: NNPC New Charge on Marketers Hikes Petrol Prices

In a report published by The Leadership newspaper, marketers are raising the price of PMS at the pump to reflect the new charges to the NNPC.

The report stated that the Nigerian National Petroleum Corporation (NNPC) has introduced a new marine charge for marketers

According to the report, deport operators and marketers will meet as soon as possible to decide about allowable adjustments.

A new pump price will also be implemented in Nigeria as soon as marketers complete engagement, according to a source quoted in the report..

An excerpt of the letter seen by the newspaper read as follows:“Please be informed that the NNPC Management has directed that effective 10th February 2022, the sum of Five Hundred Thousand Naira, (N500,000.00) only will be charged for STS Coordination fee for each transshipment operation involving NNPC Marine Logistics.”“This amount is to cover manpower and logistics required for coordination and production of cargo documents for the transshipment operations.”“

A remita payment request will be generated by our accounts section for each operation to effect necessary payment upon the vessels tendering notice of Readiness, NOR.”

The source added:“NMDPRA and NNPC have both stated the federal government’s reluctance to review pump price but since they have passed them to marketers, the latter will reflect it either ex-depot or at the pumps.“Marketers are business owners who mostly operate on bank loans and we too must recover all costs.”


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