The landing cost of imported premium motor spirit (PMS) has fallen to ₦797.66 per litre due to the ongoing competition among petroleum marketers.
Papers News reports that the Major Energies Marketers Association of Nigeria (MEMAN) stated in its daily energy bulletin that this amount reflects a decrease of N20.16 from the ₦817.82 per litre landing cost noted on March 14.
The report further indicated that the spot price at the NPSC-NOJ terminal has decreased to ₦797.73 per litre, down from the ₦817.9 charged the previous week.