The cost of berthing a petrol-laden ship in Nigeria is five times higher than that of its West African neighbours a development that is pushing up the countrys petrol prices, findings have revealed. Analysis and expert opinions show that exorbitant ship berthing costs at Nigerian ports are contributing to the high lightering expense, a key element of the countrys landing cost of Premium Motor Spirit (PMS), popularly called petrol. Industry data showed that bringing a 30,000-tonne vessel of PMS to berth is currently $299,069, while the average cost in…
Read MoreNigerias Seaports’ outrageous ship berthing cost worsening petrol prices – Stakeholders
