16 Ships Laden With Petrol, Diesel And Aviation Fuel Arrive Lagos Port

No fewer than 16 ships have arrived at Lekki, Tincan, and Apapa ports in Lagos, waiting to discharge petrol, diesel, and bulk gas.

The Nigerian Ports Authority (NPA) stated this in its publication ‘Shipping Position’ on Thursday in Lagos.

The document noted that 40 ships laden with petroleum products, food items, and other goods were expected to arrive at Apapa, Lekki, and Tin-Can Island Ports from January 8 to January 16.

NPA explained that the expected ships contained buck wheat, bulk diesel, petrol, crude oil, fresh fish, condensate, raw oil, bulk urea, bulk gas, and containers of different goods.

NAN reports that eight other ships are at the ports discharging containers, diesel, bulk urea, and crude oil.

Meanwhile, the Nigeria Customs Service (NCS) said it generated a total revenue of N2.93 trillion from import and export facilitation at Apapa port in 2025, representing a 24.32 per cent growth of N573.2 billion over the N2.35 trillion collected in 2024.

The Customs Area Controller, Apapa Port Command, Emmanuel Oshoba, who disclosed this on Wednesday, in a statement signed by the Public Relations Officer, Isah Sulaiman, attributed the achievement to the strategic deployment of technology, effective leadership, and disciplined manpower.

Oshoba added that a major contributor to the success was the deployment of the Unified Customs Management System (UCMS), also known as B’Odogwu, which enhanced transparency, efficiency, and accountability in cargo clearance processes.

According to him, regular performance reviews and timely revenue recovery measures further strengthened collections.

He also commended compliant stakeholders whose lawful trade practices contributed significantly to the revenue growth.

The Controller said the Command intensified stakeholder sensitisation following the rollout of the Authorised Economic Operator (AEO) Programme and expanded the One-Stop Shop (OSS) initiative to ensure faster processing and release of compliant cargoes.

He said efforts are also at an advanced stage to deploy the FS6000 cargo scanning system, a non-intrusive technology capable of scanning up to 200 containers per hour.

Oshoba disclosed that the Command also recorded enforcement successes, intercepting 53 containers laden with illicit drugs and prohibited items, including cocaine, Canadian Loud, tramadol, and expired pharmaceuticals with a Duty Paid Value (DPV) of N12.6 billion.

He said some of the interceptions in the year 2025 were handed over to relevant agencies such as NDLEA and NAFDAC for further investigation and possible prosecution.

Looking ahead, Oshoba expressed optimism that the Command would achieve a greater revenue milestone in 2026, driven by deeper implementation of B’Odogwu, AEO, OSS, stronger intelligence-led enforcement, and expanded collaboration with sister agencies.

 

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Private depots Take Advantage Of Halt In Dangote Refinery, Hike Petrol To N800/Litre In Lagos

Private petroleum depots across Lagos and other key fuel trading hubs have raised the ex-depot price of Premium Motor Spirit (petrol) to as high as N800 per litre.

Data obtained from petroleumprice.ng on Saturday showed that the average cost of petrol at private depots increased sharply within 48 hours, tightening margins for marketers and raising fresh concerns over an imminent spike in retail pump prices nationwide.

In Lagos, Dangote depot, which consistently offers the lowest petrol price sold PMS at N703 per litre on Friday, up from N702.50 on Wednesday, December 31, 2025. While the increase at Dangote was marginal, other private depots recorded steeper adjustments.

Eterna and Integrated depots raised petrol prices to N800 per litre on Friday, compared with N726 per litre at Shellplux and AIPEC earlier in the week, indicating a jump of N74 per litre within two days.

Similarly, Aiteo and Lister depots sold petrol at N780 per litre, up from N750–N760 band recorded on Wednesday.

The impact was more pronounced in Warri, one of the country’s key petroleum logistics hubs.

While Matrix Energy and other major depots sold petrol at N800 per litre on Wednesday, prices climbed to as high as N805 per litre by Friday, according to the report.

The Warri market reacted faster due to tighter supply lines and higher transportation costs, especially as marketers reposition volumes ahead of anticipated scarcity.

Last December, Dangote Petroleum Refinery reduced its petrol gantry price, slashing the ex-depot rate from N828 to N699 per litre.

The new price took effect on December 11, 2025, marking the 20th petrol price adjustment announced by the refinery this year.

Market operators linked the price surge to the shutdown of the petrol unit at the Dangote Refinery, which had recently become a major domestic supplier of PMS, helping to moderate prices following the removal of fuel subsidies.

Commenting, the Chief Executive Officer of petroleumprice.ng, Jeremiah Olatide, said the latest increase was a calculated response by importers seeking to recover losses recorded in December.

He explained that importers were hit hard by the aggressive price slash by the Dangote Refinery, which sold petrol at about N699 per litre, forcing many private players to sell below their landing costs.

“This price uptick is a deliberate move by importers to recoup losses from the massive price slash by the Dangote Refinery in December,” Olatide said.

He added that marketers were already factoring in potential supply tightness in January due to the ongoing upgrade at the Dangote Refinery, a development they believe could limit domestic supply temporarily.

“Importers are postulating that there may be supply constraints in January because of the refinery’s plant upgrade, and they see this as an opportunity to make up for December losses,” he noted.

According to him, some depot operators are deliberately holding back volumes in storage, waiting to sell at prices above their landing costs once any supply disruption emerges.

“They are keeping products in tank, hoping to sell above their landing cost as soon as there is a supply glitch,” Olatide said.

However, he cautioned that the strategy may not hold for long, noting that the Dangote Refinery could respond aggressively once supply normalises.

“We will see how the new pricing plays out, but there will likely be a fightback from the refinery,” he added.

With Dangote’s supply temporarily curtailed, private depot owners have begun repricing available stock, citing replacement costs, foreign exchange volatility and uncertainty around import schedules.

The petroleumprice.ng report also noted that Brent crude closed at $60.20 per barrel on Friday, while the naira continued to weaken at the parallel market, trading at N1,495/$, compared with N1,475/$ on Wednesday, further adding pressure to fuel pricing.

Depot price movements typically precede changes at filling stations, and industry watchers warn that the current trend could push retail petrol prices beyond N700 per litre in several cities if sustained.

Petrol marketers said margins had been compressed by logistics costs, financing challenges and volatile exchange rates, making depot price increases difficult to absorb without adjusting pump prices.

Since the full deregulation of the downstream petroleum sector, petrol prices in Nigeria have been determined by market forces, including crude prices, exchange rates, logistics and supply availability.

The Dangote Refinery, with a capacity of 650,000 barrels per day, had raised expectations of price stability through local refining. However, its temporary petrol unit shutdown has exposed the fragility of supply dynamics, especially as imports remain costly.

 

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