Petroleum marketers are stepping up efforts to replenish fuel stocks as new shipments of petrol, diesel and liquefied petroleum gas (LPG) arrive at major coastal terminals in Lagos and Warri.
Recent vessel movement data monitored by Petroleumprice.ng showed that several fuel cargoes had either arrived, berthed or were scheduled to discharge at different terminals. The development could improve product availability in the short term, particularly in major commercial markets.
Lagos remains the country’s busiest coastal receiving centre, with vessels scheduled to berth at terminals around Apapa, Ibafon, Stockgap, Rain Oil and other facilities.
Among the petrol shipments is Bora, which is carrying about 20,000 metric tonnes of petrol. The vessel arrived on August 12 and was scheduled to load at the Dangote Petroleum Refinery before delivering its cargo to Stockgap in Port Harcourt. Pivot Energy is listed as the receiver.
Another vessel, LIAN XI LU, is carrying approximately 33,000 metric tonnes of petrol and arrived on August 12. It was scheduled to berth at AIPEC, with Glencore and Bono listed as receivers.
ST Lady Doyin, carrying 37,000 metric tonnes of petrol, arrived on August 10 and berthed at Bovas two days later. Part of its cargo is expected to be discharged there, with the remaining volume also destined for the same facility.
At Pinnacle, Brands Hatch, carrying about 61,000 metric tonnes of petrol, reportedly arrived on August 11 and berthed the following day. BP Oil is listed as the receiver.
Warri is also receiving fresh petrol supplies. Princess Oge, carrying 15,000 metric tonnes, arrived on August 10 and berthed at Rain Oil the next day. The shipment was loaded at the Dangote refinery.
Another 15,000-metric-tonne cargo, Matrix Pride, arrived on August 5 and was scheduled to berth at Matrix, with Matrix Energy listed as the receiver.
Diesel supplies are also being replenished across Lagos terminals. Bise, carrying 13,000 metric tonnes of diesel, arrived on August 11 and was discharging at the Petroleum Wharf Apapa, with NIPCO named as the receiver.
ELLIE M II, carrying 11,000 metric tonnes of diesel, was also scheduled to berth at Ibafon. The cargo was loaded at the Dangote refinery and is being received by 2015 Petroleum and Bucoh Energy.
Other diesel shipments include Oluwajuwonlo, carrying 20,000 metric tonnes of AGO, and ST WALGA, which is expected to carry 20,000 metric tonnes of diesel from the Dangote refinery to AA Rano in Lagos.
There is also fresh LPG activity. Alfred Temile, carrying 13,000 metric tonnes of LPG from the Nigeria LNG facility in Bonny, berthed at Bulk Oil Petroleum. NNPC is the receiver. Another vessel, Eco Arctic, carrying 8,000 metric tonnes of LPG, also berthed at Navgas.
The increase in coastal fuel deliveries is expected to strengthen short-term product availability. However, pump and depot prices will continue to depend on international crude prices, import and replacement costs, exchange rates, shipping schedules and the speed at which products are discharged and moved to consumers.
For motorists and households, the key expectation is whether the increased supply will eventually translate into lower fuel prices. Market participants will be watching depot prices closely in the coming days, particularly as global energy markets remain sensitive to geopolitical tensions in the Middle East.
