PPPRA sets guiding price of petrol for March at ₦211.11 per litre | Theinfong

PPPRA sets guiding price of petrol for March at ₦211.11 per litre | Theinfong

In response to the newest reviews, Petroleum Merchandise Pricing Regulatory Company (PPPRA) says the guiding worth of premium motor spirit (PMS), for March 2021 is 211.11 per litre.

A pricing template for the interval, February 1 and 28 2021, revealed on the company’s web site primarily based on the common prices of imported petroleum merchandise additionally places the decrease band of the brand new gasoline worth for the month at about N209.61 per litre whereas the higher band was calculated at N212.61 per litre, Tribune reviews.

A overview of the pricing template confirmed the common worth per ton of the commodity at about $561.96, or N169.22 per litre, whereas the common freight charge coat (North-West Europe to West Africa) of about $21.63 per ton, or N6.51 per litre.

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This interprets into an anticipated ex-coastal worth of about N175.73 per litre.

Additional evaluation of the element prices within the pricing template confirmed that common littering bills have been put at about N4.81 per litre; Nigerian Ports Authority (NPA) cost N2.49 per litre; NIMASA cost N0.23 per litre; Jetty Through put of N1.61 per litre and Storage cost of N2.58 per litre and common finance price of N2.17 per litre, translating to an anticipated touchdown price per litre of N189.61, based on Tribune reviews.

When different element prices are factored into the value computation, together with the wholesale margin of N4.03 per litre; administration cost of N1.23 per litre; transporters’ allowance (NTA) of N3.89 per litre; Bridging Fund price of N7.51 per litre and Marine transport common (MTA) of N0.15 per litre, the anticipated ex-depot worth for wholesale merchandise entrepreneurs could be N206.42 per litre.

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The addition of shops’ margin of N6.19 per litre would convey the anticipated retail worth (decrease band) N209.61 per litre and anticipated retail worth (higher band) N212.61 per litre, with the company (PPPRA), says guiding worth of premium motor spirit (PMS), popularly referred to as petrol was calculated at a median of 211.11 per litre.

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