Nigeria’s petrol shipments surge after suspending import duty

Nigeria’s petrol shipments surge after suspending import duty



About 149,500 metric tonnes of Premium Motor Spirit — equivalent to 194.35 million litres of petrol — arrived or is expected to arrive in Nigeria between Friday, 21 November, and Tuesday, 25 November 2025, according to shipping data from the Nigerian Ports Authority (NPA).

The deliveries come days after the Federal Government postponed the introduction of a 15 per cent ad valorem import duty on petrol and diesel.

In October, President Bola Tinubu approved the tariff as part of a “market-responsive import tariff framework” aimed at supporting domestic refineries and stabilising the downstream market. The duty, applied to the cost, insurance and freight value of imported fuel, was expected to increase pump prices.

The approval was contained in a letter dated 21 October 2025 and signed by the President’s Private Secretary, Damilotun Aderemi, following a proposal by the Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji.

However, the government last week deferred the implementation of the tariff until the first quarter of 2026.

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Tincan Island leads fuel arrivals

The latest Shipping Position released by the NPA shows that Tincan Island Port received the largest share of recent petrol imports — a total of 58,500 metric tonnes within two days.

Calabar Port received 46,000 metric tonnes, while Warri Port handled 45,000 metric tonnes.

According to the NPA data, on Friday, 21 November, 28,000 metric tonnes were discharged at Kirikiri Lighter Terminal (KLT) Phase 3A in Tincan Island Port from multiple vessels.

On Saturday, 20,500 metric tonnes arrived through the same terminal, while another vessel discharged 10,000 metric tonnes at KLT Phase 2.

For upcoming arrivals:

Calabar Port is expected to receive 16,000 metric tonnes on Monday via Dozzy Oil and Gas Limited, followed by 30,000 metric tonnes on Tuesday through North West Petroleum and Gas Limited.

Warri Port received 15,000 metric tonnes on Friday through Rainoil Terminal, and a further 30,000 metric tonnes on Saturday via Rainoil and Matric Energy Nigeria Limited.

The Shipping Position is a daily NPA bulletin providing real-time information on vessel traffic and cargo movements across Nigeria’s port complexes, including Lagos (Apapa), Tincan Island, Onne, Rivers, Calabar and Delta.

Downstream market shifting

Petroleum marketers have recently signalled that they may reduce fuel importation after the Dangote Petroleum Refinery cut its petrol gantry price by ₦49 per litre, a move that has significantly shifted competition in the downstream market.

The Federal Government’s proposed 15 per cent import duty — had it taken immediate effect — was expected to widen the price gap between imported fuel and locally refined products.

But with the tariff suspended until 2026, dealers have moved quickly to bring in new cargoes, contributing to the surge in arrivals over recent days and the tens of millions of litres expected between Monday and Tuesday.



Source: Businessday

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