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According to the Executive Secretary of the Major Oil Marketers Association of Nigeria (MOMAN), Mr Clement Isong, the cost of hiring a daughter vessel to bring the product from onshore to offshore is now $45, 000 per day as against the previous $20, 000 per day because of the high cost of diesel.
This, he said, is aside other charges paid, including the Nigeria Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA) among other charges.
Adigun further added that the poor state of the Nigerian National Petroleum Company (NNPC) depots in South West, which have not functioned due to the effect of pipeline vandals in the last two years, was also a major setback.
Adigun listed the non-functional depots to include Lagos Satellite depot in Ejigbo, Mosimi, Ore, Ibadan and Ilorin. He said the dysfunctional state of these depots was putting pressure on the little petroleum product available in Lagos as marketers will have to come as far as Ilorin to load products in Lagos which was at variance with what the intention was when these depots were established.
