See the five oil companies still importing petrol as landing cost rise

• About 5 lipid companies person imported 103,800 metric tonnes of petrol successful the archetypal week of May
• Ardova, AA RANO, BOVAS Oil, NIPCO, and Alkanes each imported petrol successful Lagos and Calabar ports
• The improvement comes arsenic Dangote Refinery continues to pb successful depot pieces astatine N837 per litre

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

Tanker-tracking information has shown a surge successful refined petrol imports crossed respective depots owned by salient lipid marketers.

As of Wednesday, May 7, 2025, 5 vessels discharged petrol astatine terminals successful Lagos and Calabar ports.

Five lipid companies import petrol amid rising landing costs. Credit: Bloomberg/Contributor
Source: Getty Images

Five lipid companies import petrol successful Lagos

The deliveries reenforce nationalist proviso chains arsenic marketers determination to conscionable home demands driven by debased petrol prices.

In Lagos, a BURBAN tanker carried astir 16,800 mt of petrol belonging to NIPCO. 

According to petroleumprice.ng, the vas arrived connected Nigerian shores connected April 3, berthed connected April 5, 2025, with discharge continuing until May 6, 2025.

Also, different vessel, Mosumola, laden with 35,000 mt of petrol belonging to Ardova, arrived astatine Lagos ports connected May 3, 2025.

The vas is reportedly discharging petrol and volition depart connected May 8, 2025.

Also, the LESTE vas arrived astatine Lagos ports connected May 2, 2025, with 22,000 mt of petrol owned by AA Rano, an lipid selling firm.

The vas volition present PMS volumes straight to AA RANO’s bunkering network, with discharge expected to reason connected May 8.

BOVAS Oil received astir 15,000 mt of petrol delivered aboard Lady Doyin vessels and arrived astatine Lagos larboard connected May 5, 2025.

The vas volition pump PMS into BOVAS’ proviso chain, with an estimated departure day acceptable astatine May 9, 2025.

An lipid tanker delivers petrol successful Calabar

In Calabar port, the African Marvel vas delivered 15,000 mt of petrol belonging to  Alkanes, an lipid selling company.

Discharge is presently ongoing arsenic the vas reportedly widens entree to petrol successful Nigeria’s South-South and Southeast.

Dangote Refinery offers cheaper prices arsenic a marketer 

These vessels delivered astir 103,800 mt of petrol, fueling Nigeria’s organisation network.

According to estimates, Dangote Refinery inactive leads depot prices astatine N837 per litre. However, experts say, transportation velocity determines marketplace advantage.

The improvement comes arsenic lipid marketers raised alarm implicit the projected prohibition connected imported products nether the One Nigeria Policy.

Marketers nonstop urgent connection to FG

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has warned the Nigerian authorities against imposing a broad prohibition connected imported goods, particularly petroleum products.

Aliko Dangote lifted the lid connected those who frustrate the reforms successful the lipid industry. Credit: Bloomberg/Contributor
Source: UGC

The marketers disclosed that the determination could origin economical and proviso concatenation issues.

PETROAN says caller argumentation could origin inflation

PETROAN’s informing comes arsenic the Nigerian authorities said it volition restrict importing overseas goods that could beryllium produced locally.

PETROAN’s nationalist president, Billy Gillis-Harry, disclosed that the argumentation could exacerbate ostentation and expressed the request for energy security.

He said the association’s interest is the availability and affordability of petroleum products to conscionable Nigeria’s regular depletion volume, estimated astatine implicit 46 cardinal litres of petrol and different petroleum products.

According to him, the state indispensable guarantee its policies bash not jeopardise vigor security, which could impact the system and Nigerians.

Filling stations trim petrol prices again

Legit.ng earlier reported that petroleum merchandise marketers person intensified the terms warfare amid falling crude lipid costs globally.

Due to debased crude lipid costs, the downstream operators adjusted their petrol and different petroleum products prices.

Findings showed that the dealers' new terms cuts were besides caused by contention arsenic section producers and retail stations battled imported petroleum products.

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Source: Legit.ng