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HomeNewsGeneral NewsFG Projects N212 As New Fuel Pump Price

FG Projects N212 As New Fuel Pump Price

Price of premium motor spirit, PMS, is set to rise again as the price of the product for March 2021 is set at 211.11 per litre.

According to the petroleum Products Pricing Regulatory Agency, PPPRA a pricing template for the period, February 1 and 28 2021 based on the average costs of imported petroleum products also puts the lower band of the new fuel price for the month at about N209.61 per litre while the upper band was calculated at N212.61 per litre.

A review of the pricing template showed the average price per ton of the commodity at about $561.96, or N169.22 per litre, while the average freight rate coat (North-West Europe to West Africa) of about $21.63 per ton, or N6.51 per litre.

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The average littering expenses were put at N4.81 per litre; Nigerian Ports Authority (NPA) charge N2.49 per litre; NIMASA charge N0.23 per litre; Jetty Thru put of N1.61 per litre and Storage charge of N2.58 per litre and average finance cost of N2.17 per litre, translating to an expected landing cost per litre of N189.61.

The wholesale margin was fixed at N4.03 per litre; administration charge, N1.23 per litre; transporters’ allowance (NTA) of N3.89 per litre; Bridging Fund cost of N7.51 per litre and Marine transport average (MTA) of N0.15 per litre.


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22 COMMENTS

  1. NIGERIA CUSTOMS SERVICE HAS COMMENCE THE AUCTIONING OF VEHICLE, BAGS OF RICE AND OIL, WITH THE DIRECTIVE OF THE FEDERAL GOVERNMENT FOR 2020/2021 (Batch B) SECOND QUARTER, INTERESTED BUYER SHOULD KINDLY CONTACT US ON 09137202577.
    THIS INFORMATION IS FROM THE NIGERIA CUSTOMS SERVICE(NCS) TO THE GENERAL PUBLIC!!!SS
    *THESE ARE THE LIST OF GOODS.
    1 Bag of Rice #17,500
    1 Gallon of Oil #10,500

    *Prices of some Toyota cars:
    • Toyota Land Cruiser-N950,000 to 1.8M
    • Toyota Prado N950,000 to 2.5M
    • Toyota Corolla –N600,000 to 2.1M
    • Toyota Camry –N400,000-N2.5M
    • Toyota Avensis – N450,000-N1.5M
    • Toyota Yaris – N450,000
    • Toyota Venza – N950,000-N2.8M
    • Toyota RAV4 SUV –N750,000
    • Toyota Hilus Pickup-N950,000-1.9M
    • Toyota Dyna Truck – N550,000
    • Toyota Hiace Bus – N950,000-1.9M
    • Toyota Coaster Bus 32 seaters – N1.5M
    * Toyota Sienna-N600,000-1.9M
    * Toyota Highlander-N600,000-N1M
    * Toyota Tundra-N950,000-N1.5M
    * Toyota Tacoma-N1M.

    *Prices of some Honda cars:
    Honda Civic cars – N450,000
    Honda Accord – N500,000
    Honda Odyssey – N400,000
    Honda CR-V – N600,000
    Honda Pilot – N550,000
    Honda City-N300,000.

    *Prices of some Volswagen cars:
    Golf 2,3,4,5-N350,000-N600,000
    Jetta-N450,000
    Passat-N450,000.

    *Prices of some Lexus cars:
    Lexus RX300-N700,000
    Lexus RX330-N1,000,000
    Lexus RX350-N1,200,000 to 2.5M
    Lexus GX450-N900,000 to 1.9M
    Lexus GX470-N1M to 2.2M
    Etc.
    INTERESTED BUYER SHOULD KINDLY CONTACT US ON 09137202577.
    WE DELIVER NATIONWIDE.

    Gjgh

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