Total Cost 840.59 107.41 Retail Price 759.09 97.00 Under/Over Recovery - 81.50 (10.41) SUBSIDY THEREFORE IS =N=10.41 PAR LITRE Pricing Template - PMS (December 2014 ) Web Posted PPPRA PRODUCT PRICING TEMPLATE - PMS Based on Average Platts Prices for 8th December, 2014 Average Exchange Rate of the NGN =N= to US$ for 5th December, 2014 PMS $/MT Naira/Litre Cost Element; 1 C + F 638.54 81.60 2 Traders Margin 10.00 1.28 3 Lightering Expenses (SVH) 30.81 3.94 4 NPA 5.25 0.67 5 Financing (SVH) 5.03 0.64 6 Jetty Depot Thru Put Charge 6.26 0.80 7 Storage Charge 23.48 3.00 8 Landing Cost 719.37 91.92 Distribution Margins: 9 Retailers 36.00 4.60 10 Transporters 23.40 2.99 11 Dealers 13.69 1.75 12 Bridging Fund 45.78 5.85 13 Marine Transport Average (MTA) 1.17 0.15 14 Admin Charge 1.17 0.15 Subtotal Margins 121.22 15.49 Foot Note: 15 Total Cost 840.59 107.41 16 * Official Ex-Depot 637.87 81.51 Retail Price 759.09 97.00 Taxes 17 Highway Maintenance - 18 Government Tax - 19 Import Tax - 20 Fuel Tax - Subtotal Taxes - 21 Retail Price 759.09 97.00 Expected Open Market Price (OMP) (Naira/litre) is Landing cost +Margins 107.41 * C+F price is Offshore Nigeria Conversion Rate (MT to Litres): 1341 Exchange Rate (N to $): 171.36 * Official Ex Depot is exclusive of Bridging Fund, Marine Transport Average (MTA) & Admin. Charge * *Ex Depot includes Bridging Fund, Marine Transport Average (MTA) & Admin. Charge *** Effective Date of New Approved Pricing Template is 1st July 2011 Data is as at 08/12/14 pppra.gov.ng/pms.html
Posted on: Tue, 09 Dec 2014 17:07:31 +0000
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