How Poor Port Infrastructure Raises Petrol Landing Cost
How poor port infrastructure raises petrol landing costAkey elements of the landing cost of PMS when the PPPRA still published pricing template was Lightering Costs which accounts for about N2.75 on every litre. If Nigeria’s ports were functional, consumers could be spared this needless expense. Lightering is the costs associated with the transfer of petrol from one vessel (usually the mother vessel)…for further reading, click on https://businessday.ng/energy/oilandgas/article/how-poor-port-infrastructure-raises-petrol-landing-cost/
Source: BusinessDay Newspaper Sept 29, 2020.