Petrol landing cost drops to N1,283/litre as depot prices remain high

The landing cost of imported Premium Motor Spirit, PMS, commonly known as petrol, has dropped to N1,283.81 per litre.This is according to a bulletin released by the Major Energies Marketers Association of Nigeria, MEMAN, on Monday.The MEMAN bulletin indicated that the landing cost of petrol fell from N1,292.88 to N1,283.81 per litre while Brent and West Texas Intermediate stood at $110.7 and $99.90, respectively, at the time of reporting.