Marketers Import 154 Million Petrol Litres In One Week

Marketers are on the cusp of importing more than 154.22 million litres of refined petroleum products between March 17 and 23, according to figures compiled by the Nigerian Port Authority (NPA), despite confirmation by Dangote Refinery that it has billions of litres of fuel in stock available for sale.

A considerable quantity of the target has already been imported, with just a day left in the timeline.

The NPA data shows that vessels with capacity for 115,000 metric tonnes (154.22 million litres) brought, and will bring, in products through Tin Can Port in Lagos, Lekki Deep Seaport in Lagos, and Calabar Port in Cross.

As per Daily Post, the data also shows that

Dangote Refinery imported 654,766 metric tonnes of crude oil in the same period.

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The first shipment carrying 20,000 metric tonnes of refined petroleum allocated to West African Port Services berthed at Dangote terminal on March 17 at 4pm.

Two vessels loaded with 20,000 metric tonnes berthed at Tin Can and Calabar Ports also on March 17.

A 20,000 metric-tonne Watson vessel arrived on March 20 at 3.18pm. It berthed at Eco Marine terminal at Calabar Port, handled by a Kach maritime agent.

Binta Saleh’s ship was scheduled to berth at Tin Can port in Lagos with 5,000 metric tonnes of imported petrol on March 21 at midnight.

On March 22, at 11.06 am, a vessel carrying 15,000 metric tonnes of fuel would berth at Calabar Port, assigned to Peak Shipping as its agent.

Another vessel carrying 15,000 metric tonnes of fuel is scheduled to arrive at Eco Marine terminal at Calabar Port on March 23 at 5.10pm.

The seven vessels would bring in 115,000 metric tonnes of fuel.

Going by the conversion rate of 1,341 litres to one metric tonne, it means fuel marketers will import about 154.22 million litres of fuel in this one-week period.

This comes on the backdrop of the decision by Dangote Refinery to suspend its petroleum products sales in naira because of the gridlock in its naira-for-crude arrangement with the Nigerian National Petroleum Corporation Limited (NNPC).

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