Why Oil Marketers Can’t Import Petrol Like NNPCL – IPMAN

“Right now, the landing cost of PMS is over ₦1,200, without the margin of the marketers, transportation and other logistics,” IPMAN National Operations Controller, Zarama Mustapha, said on Channels Television’s Sunrise Daily programme on Thursday.“NNPC sells to marketers at ₦565 or so. That means there is a subsidy of almost ₦600 to ₦700 as of now.“Whether they (government officials) say there is subsidy or there is not subsidy, the fact on the ground clearly states that there is something they are under-recovering.”