Imported fuel price drops lower than Dangote Refinery again, marketers rush to import 156.9 million litres

• Nigerians tin expect different driblet successful the pump terms of substance arsenic marketers person rushed to import 156 cardinal litres
• This is due to the fact that of a large driblet successful the landing costs of the product, and it is present cheaper than Dangote Refinery
• The contention betwixt importers of substance and the Dangote Refinery continues to trigger much terms drops, week aft week

Legit.ng writer Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful concern reporting crossed integer and mainstream media.

Nigerians can respire different suspiration of alleviation arsenic filling stations volition soon set pump prices again to merchantability substance astatine little prices.

As planetary lipid prices acquisition caller volatility successful the aftermath of the ongoing terms war, the landing outgo of imported substance has dropped again.

Checks amusement that aft factoring successful each the costs, the portion landing outgo of imported substance is down to N853 per litre, arsenic of Tuesday April 15.

The driblet makes imported substance the cheapest successful the marketplace close now, cheaper than NNPC and Dangote refineries. Photo credit: Dangote Group/NNPC
Source: Facebook

Petroleum marketers person seized the accidental to import 156,897,000 litres of Premium Motor Spirit (PMS) wrong 8 days.

Separate documents from the Major Energies Marketers Association of Nigeria and the Nigerian Port Authority (NPA) corroborate the numbers.

Dangote resumes naira merchantability of fuel, diesel

After astir 2 weeks of selling petroleum products successful dollars, the Dangote Refinery started selling successful naira again.

This alteration instantly brought down the loading outgo to N865 from astir N1,000 per litre, bringing alleviation to Nigerians.

As of past week, the terms from the Dangote refinery was little than that of imported substance but that has changed.

Imported substance cheaper than Dangote Refinery fuel

At N853 per litre, the landing outgo of imported substance is present N12 cheaper than the loading outgo offered by Dangote Refinery.

This is the 2nd terms driblet this week, down from N856.75 connected Monday to N853 on-the-spot income terms connected Tuesday.

Dealers accidental that this terms factors successful each expenses, including import duties, speech rates, and shipping.

Marketers unreserved to import 156 cardinal litres

As the terms driblet continues, marketers are rushing to acquisition much stock. Documents from the NPA amusement that astir 156 cardinal litres of substance person landed astatine the Tincan larboard successful Lagos and the Calabar larboard successful Cross River State.

On Tuesday, April 8, 2025, the archetypal shipment of 21,000 metric tonnes of Premium Motor Spirit (PMS), assigned to Peak Shipping Agency, arrived astatine the KLT Phase 3A terminal astatine midnight, according to The PUNCH.

This was followed by the accomplishment of different vessel, the 20,000 metric-tonne SL Aremu, which docked astatine the aforesaid terminal connected Wednesday, April 10, astatine midnight. The vessel was managed by the Tiger Shipping maritime agent.

Fuel is simply a basal request successful Nigeria, and the driblet successful terms is expected to construe to nutrient and different costs. Photo credit: Pius Utomi Ekpei/contributor
Source: Getty Images

Two days later, connected Saturday, April 12, a vessel named Fatima Sarah, operated by Dozzy Oil and Gas, arrived astatine the Calabar larboard successful Cross River State with 15,000 metric tonnes of imported petrol.

On Monday, April 14, astatine 3:20 PM, a vas carrying different 20,000 metric tonnes of substance docked astatine the Tincan port, with Peejay Shipping designated arsenic its handling agent.

Additionally, 2 vessels carrying a full of 41,000 metric tonnes of substance are acceptable to dock astatine the KLT Phase 2 terminal astatine midnight connected Tuesday, April 15, and Wednesday, April 16.

Combined, 117,000 metric tonnes of substance volition person entered Nigeria wrong 8 days, converting to astir 156.9 cardinal litres.

Petrol marketers foretell much terms drops

In related news, the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says Nigerians volition spot much terms drops successful petroleum products.

They noted that this is portion of the benefits of falling planetary crude lipid prices, and the Dangote Refinery’s determination to slash ex-depot price to N865 per litre.

The retailers predicted that prices volition travel down much soon, and it volition go a contention of who offers champion terms to Nigerians.

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng