Estimated Into Tank Spot Landed Costs

Estimated Into Tank Spot Landed CostsPharez2024-12-06T11:53:11+01:00

DATE

FX Rate

PMS

AGO

ATK

AGO

ATK

December 04, 2024

1,613.69 NGN/USD

1,613.69

NGN/USD

936.75 NGN/Litre

936.75

NGN/Litre

1,050.66

NGN/Litre

1,105.54

NGN/Litre

1,050.66 NGN/Litre

1,105.54 NGN/Litre

Premium Motor Spirit, commonly known as petrol, gasoline or PMS is a refined petroleum product used primarily as fuel in internal combustion engines.

The landed costs were calculated based on the assumption of a 38KT vessel carrying PMS.

Automotive Gas Oil, also known as diesel or AGO, is a heavier petroleum product used in diesel engines, typically for commercial vehicles and industrial machinery.

The landed costs were calculated based on the assumption of a 20KT vessel carrying AGO.

Aviation Turbine Kerosene, ATK or jet fuel, is a highly refined type of kerosene used to power aircraft with turbine engines.

The landed costs were calculated based on the assumption of a 15KT vessel carrying ATK.

The landed costs for PMS, AGO, and ATK were calculated using this naira per dollar foreign exchange rate sourced from the Central Bank of Nigeria (CBN).

Frequently Asked Questions

What is MEMAN?Nnene2024-08-18T13:43:16+01:00

What is MEMAN?

MEMAN stands for Major Energies Marketers Association of Nigeria. An energy industry association comprising 11 Plc (formerly Mobil), Ardova Plc, Conoil Plc, MRS Oil Nigeria Plc, NNPC Retail Limited, and TotalEnergies Marketing Nigeria Plc.

What sectors does MEMAN focus on?Nnene2024-08-18T13:45:46+01:00

What sectors does MEMAN focus on?

MEMAN focuses on the oil, gas, and renewable energy sectors, with specific emphasis on CNG and LPG for gas, solar energy and ethanol for renewable energy.

How does MEMAN promote transparency in the energy industry?Nnene2024-08-18T13:48:34+01:00

How does MEMAN promote transparency in the energy industry?

MEMAN promotes transparency by providing up-to-date information on fuel prices, stock market prices, and industry news on our website. We also engage in regular advocacy for compliance with industry regulations and ethical practices.

What is the purpose of MEMAN’s Competency Centre?Nnene2024-08-18T13:50:11+01:00

What is the purpose of MEMAN’s Competency Centre?

The Competency Centre is dedicated to fostering knowledge and skills within the energy industry, offering training, resources, and industry insights to help professionals stay informed and compliant with the latest standards and regulations.

How does MEMAN contribute to sustainable energy solutions?Pharez2024-08-18T13:51:44+01:00

How does MEMAN contribute to sustainable energy solutions?

MEMAN advocates for cleaner and more sustainable energy solutions through the promotion of natural gas (CNG & LPG), solar power and biofuels like ethanol. We also work closely with partners to encourage the adoption of renewable energy practices in Nigeria.

How can I stay updated on MEMAN’s activities and industry news?Pharez2024-08-18T13:55:17+01:00

How can I stay updated on MEMAN’s activities and industry news?

You can stay updated by visiting our website, where we provide regular updates through our industry news, Competency Centre Bulletin, and weekly reports. You can also subscribe to our mailing list by registering at the competency centre, for direct updates.

How does MEMAN ensure compliance with industry standards?Pharez2024-08-18T14:08:18+01:00

How does MEMAN ensure compliance with industry standards?

MEMAN advocates for strict adherence to industry regulations and ethical practices. We provide guidance and resources to help companies stay compliant and regularly engage with regulatory bodies to influence positive change in the industry.

How can I get involved with MEMAN?Pharez2024-08-18T14:10:43+01:00

How can I get involved with MEMAN?

You can get involved with MEMAN by participating in our training programs, attending our webinars, subscribing to our newsletter, or collaborating with us on projects that align with our mission of promoting transparency and sustainability in the energy industry. You can also apply to become a member by going to our membership page.

Mail: info@meman.org.ng

Phone: 020-1453-6155

Explore

Connect

Legal