The Major Energies Marketers Association of Nigeria (MEMAN) has reported a significant decrease in the landing cost of Premium Motor Spirit (PMS) in September 2024. According to MEMAN’s Competency Centre Energy Bulletin, the landing cost of PMS fell to N981.08 per litre, marking a notable reduction from the N1,130 per litre recorded in July of the same year.
This represents a drop of N148.92 per litre during the reviewed period, offering some relief to consumers amid fluctuating fuel prices. The landing cost, which reflects the total cost of importing fuel, including shipping and taxes, has been closely monitored by stakeholders as Nigeria continues to navigate its fuel supply challenges.
MEMAN’s report sheds light on the evolving dynamics of Nigeria’s energy sector, where international market prices and domestic policies play crucial roles in determining the final cost of fuel products. This decline in the landing cost of PMS is expected to have broader implications for fuel pricing at the pump, though factors such as distribution and retailer margins will also influence final consumer prices.
As Nigeria grapples with the need for energy stability and price regulation, this reduction could provide some much-needed ease for both consumers and businesses alike, especially in a climate where fuel costs have been a subject of widespread concern.
This update from MEMAN is expected to influence discussions on the future of fuel pricing and potential regulatory adjustments in the country.
I dont buy it! How can they claim a drop in landing cost when gas prices keep going up? Something doesnt add up here.
Maybe theyre cutting costs elsewhere. Companies can be sneaky like that.
I cant believe theyre celebrating this drop in landing costs when we should be focusing on reducing our reliance on fossil fuels altogether.
I dont buy it! The drop in landing costs doesnt mean cheaper gas for us. Prices never seem to reflect these changes.
I dont buy it! How can MEMAN suddenly drop landing costs? Something fishys going on here. Need more transparency.
Dont jump to conclusions. Lets wait for more info before assuming anything shady.
I dont buy it! Lower landing costs for petrol in September? Something fishy is going on here. Whos really benefiting?
I dont buy it! MEMANs data seems fishy. I think theres some shady business going on behind the scenes. 🤔
I agree, something doesnt add up with MEMANs data. Trust your instincts! 👀
I dont buy it! I think MEMAN is manipulating the numbers to make it seem like were saving money. Can we trust them?
I dont buy it! I think MEMAN is just trying to manipulate the numbers to make themselves look good. Something fishy is going on here.
I dont buy it! Lower landing costs for gas? Sounds fishy to me. Whos really benefiting from this supposed drop? 🤔
Youre right to be skeptical. Follow the money trail to uncover the real beneficiaries. 🔍
I dont buy it! MEMAN claiming a drop in landing cost for fuel? Sounds fishy. I smell something suspicious.
I cant believe theyre celebrating cheaper gas prices when we should be focusing on reducing our reliance on fossil fuels!
I dont buy it! MEMANs drop in landing cost of PMS seems fishy to me. Can we trust these numbers? 🤔
I dont buy it! The whole drop in landing cost thing seems too good to be true. Something fishy going on here.
I dont buy it! I think MEMAN is hiding something. Gas prices cant just drop like that overnight. Something fishy is going on here.
I dont buy it! The so-called drop in landing cost of petrol is just a ploy to distract us from the real issues.
I dont buy it! Something smells fishy about these alleged drops in landing costs. I need more info to believe it.
Maybe youre just not seeing the big picture. Do some research before dismissing it.
I dont buy it! Something fishy going on with these landing costs. Cant trust these numbers. #ConspiracyTheory #FuelPrices
Hey, dont jump to conclusions. Numbers can be deceiving, but lets not dive into conspiracy theories.
I dont buy it! How can we trust these numbers? Something fishy going on with this drop in landing cost. 🤔🤨
I dont buy it! MEMANs data seems too good to be true. Something fishy going on here. #skeptical #conspiracytheory
I dont buy it! I think the drop in landing cost of premium motor spirit is just a sneaky tactic to distract us.
I dont buy it! I bet those landing cost numbers are cooked up to manipulate fuel prices. Cant trust MEMAN!
I dont buy it! Lower landing costs for petrol? Seems fishy. Whos really benefiting from this supposed drop? 🤔
I think the drop in landing cost of premium motor spirit is a good sign. But why arent we focusing on alternative energy sources instead?
I dont buy it! I think MEMAN is just manipulating numbers. Gas prices are still sky high for us regular folks.
I dont buy it! Lower landing costs for fuel mean nothing if were still paying sky-high prices at the pump. Something doesnt add up here.
I dont buy it! I think theres some fishy business going on behind the scenes with those landing costs. Whos really benefiting here? 🤔
You might be onto something. Follow the money trail, always leads to answers. 🧐
I dont buy it! MEMANs data on decreased landing cost of petrol seems fishy. Something doesnt add up. #ConspiracyTheory 🤔🛢️