Six vessels carrying approximately 212.7 million litres of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel), valued at nearly N279bn at Dangote Petroleum Refinery’s current gantry prices, are arriving at Nigerian ports this week.
This is even as the Dangote refinery awaits the decision of a Lagos Federal High Court on its request to stop the importation of refined petroleum products. A move that is being challenged by the Nigerian National Petroleum Company Limited and other oil marketers.
The vessels, whose arrival details were captured in the daily shipping position report of the Nigerian Ports Authority obtained by our correspondent on Wednesday, are berthing at various terminals across the Apapa and Tincan port complexes in Lagos, as well as the North West Petroleum and Gas terminal in Calabar, with discharge expected to run through June 19.
According to the report, out of the six vessels, five are laden with PMS, while one is carrying diesel. Together, they represent a combined import tonnage of 157,000 metric tonnes: 132,000 metric tonnes of PMS and 25,000 metric tonnes of AGO.
At Dangote refinery’s latest gantry price of N1,250 per litre for PMS, the approximately 183.3 million litres of petrol aboard the five vessels are valued at roughly N229.1bn, while the 29.4 million litres of diesel, priced at N1,700 per litre at the Dangote gantry, add roughly N50bn, bringing the combined cargo value to approximately N279.1bn.
