The Nigerian National Petroleum Company Limited has introduced an N500,000 Ship-to-Ship Coordination Charge for each transhipment operation for Premium Motor Spirit involving the NNPC Marine Logistics.
This charge on any transhipment operation was part of moves by the NNPC to fully recover its operational cost since the recently passed Petroleum Industry Act had made the national oil firm a limited liability company.
The corporation’s cost recovery drive through the new transhipment charge has made depot owners raise the ex-depot price of petrol.
This new development has forced marketers to increase the PMS price above the approved cost of N142-N145/litre.
Although the approved pump price of petrol currently is N162-N165/litre, most private depot owners recently raised the ex-depot price of petrol from the approved N142-N145/litre price to between N162 and N170/litre.
This made many filling stations owned by independent marketers dispense petrol above the approved price, as they stated that the cost of the commodity would exceed N180/litre in most retail outlets soon, except in mega stations and those owned by major marketers.
Independent oil marketers in Nigeria operate about 90 per cent of the filling stations across the country.
Documents seen by our correspondent in Abuja on Monday showed that the rise in ex-depot price for petrol was because the NNPC had just introduced the Ship-to-Ship Coordination Charge for each transhipment operation.
In a letter from the NNPC, concerning NNPC/ML/STS01, dated February 18, 2022, and addressed to all marketers, the oil company explained that the charge would cover manpower, logistics, among others.
The letter, which was titled, “Payment of STS Coordination Charge,” and signed by O.I.O. Ajilo, for the NNPC’s Group General Manager, Shipping, read in part:
“Please be informed that the NNPC management has directed that effective February 10, 2022, the sum of N500,000 will be charged for STS Coordination fees for each transhipment operation involving the NNPC Marine Logistics.
“This amount is to cover manpower and logistics required for coordination and production of cargo documents for the transhipment operation.
“A Remita payment request will be generated by our accounts section for each operation to effect necessary payment upon the vessel’s tendering Notice of Readiness. Thank you for your anticipated cooperation and understanding.”
