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- Petrol imports to Nigeria by lipid marketers from Lome, Togo, person surged successful the past 4 months successful 2025
- Data shows that substance imports from the Lome larboard roseate from 200,000 regular to N300,000 per time successful April
- A caller study said that the marketers chose the Lome Port way owed to the naira argumentation of the Nigerian government
Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.
Marketers spent astir N120 cardinal ferrying 3.51 cardinal tonnes of substance to Lagos depots from Lome Port betwixt January and April 2025.
The inclination to import substance from Lome Port was owed to fiscal incentives to trim taxation and proceed purchases successful dollars, arsenic the Nigerian authorities is present pushing for naira transactions.
Source: UGC
Petrol imports from Togo surge
Investigations uncover that importers brought successful 23,600 tonnes of petroleum products regular successful January, 35,485.19 successful February, 29,602.27 successful March, and 939.585 successful April 2025.
A study by S&P Global Commodities astatine Sea information shows that substance imports to Nigeria and Togo roseate from 200,000 barrels regular successful January to implicit 300,000 barrels successful March and 250,000 barrels successful April.
The study said Togo is becoming progressively indispensable for Nigerian imports arsenic traders person drawn volumes to the Lome market, wherever supplies are loaded from ample cargoes to smaller vessels.
Dangote Refinery and NNPC clang petrol prices
A caller study by Legit.ng shows that the Dangote Refinery slashed its ex-depot PMS prices significantly, from N835 to N825 per litre, arsenic Nigeria battles to stabilise supplies and trim dependence connected substance imports.
Similarly, the Nigerian National Petroleum Company Limited (NNPC) reduced its retail petrol prices to N880 per litre successful Lagos and N910 successful Abuja.
The improvement comes arsenic the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said petrol imports person dropped successful 2025.
NMDPRA explains the crushed for reduced imports
NMDPRA said petrol imports reduced from 44.6 cardinal litres regular successful August past twelvemonth to 14.7 cardinal successful April 2025, attributing it to contributions by section plants.
NMDPRA’s main enforcement officer, Farouk Ahmed, disclosed that section supplies accrued by 670% successful the reappraisal period, citing accrued accumulation astatine the Port Harcourt refinery.
He said:
“After contributing virtually thing successful August, section plants delivered 26.2 cardinal litres/day successful aboriginal April, a leap from the 3.4 cardinal litres recorded successful September, the archetypal period with measurable output.”The New Telegraph reported that Ahmed stressed that contempt the progress, the full section proviso exceeded the government’s 50 cardinal litres regular depletion target.
Source: UGC
Depot owners clang substance prices
Legit.ng earlier reported that the planetary terms of crude lipid crashed again, starring substance importers to drop successful costs crossed large depots successful Nigeria.
The determination reflects an ongoing displacement successful home proviso dynamics, arsenic improved organisation and competitory commercialized present find little pricing, contempt the planetary lipid marketplace downturn.
Recent reports from depot owners corroborate that petrol and diesel prices are present selling astatine reduced rates, signalling alleviation for filling stations and consumers.
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Source: Legit.ng
