Petrol Shipment Don Surge After Dem Suspend Fuel Import Duty

According to reports, a total of 149,500 metric tonnes, wey be about 194.35 million litres of Premium Motor Spirit (petrol), don enter di country from Friday, November 21, reach Tuesday, November 25, 2025, through different ports. Dis na days after Federal Government announce say dem go postpone di 15% ad-valorem import duty wey dem plan put on petrol import. Tincan Island Port handle di highest number of import with 58,500 metric tonnes, Calabar Port get 46,000 metric tonnes, while Warri Port handle 45,000 metric tonnes.

Di suspension of di 15% duty follow after President Bola Tinubu approve di plan in October, wey suppose protect local refineries and stabilise di market, but fit raise pump price. Shipping Position from NPA show say plenty vessels don land petrol across di ports, including Kirikiri Lighter Terminal in Tincan, Dozzy Oil and Gas Limited at Calabar, and Rainoil Terminal at Warri. Di move make dealers rush import petrol as Dangote Petroleum Refinery recently cut ex-depot price by 49 naira per litre, wey don change di dynamics of fuel supply and competition for downstream market.