Petrol Supply Set to Increase as Fresh Shipments Arrive in Nigeria
A recent surge in petrol shipments to Nigeria is expected to boost the country’s fuel supply, with several vessels arriving at ports in Lagos and Port Harcourt between November 10 and 11, 2025. Data from Petroleum Price indicates that major oil marketing companies, including Techno Oil, Ardova, AA Rano, and MOCoh, have maintained active berthing schedules, ensuring a steady supply of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) ahead of the mid-November trading window.
The consistent vessel traffic is attributed to effective coordination between private depots and refinery-linked product chains, particularly with the support of the Dangote Refinery, which has been supplying independent marketers with refined cargoes. The refinery recently slashed the ex-depot price of PMS by 49 per litre, bringing the price down to 828 per litre, a 5.6% decrease. This move is expected to further widen the price gap between imported petrol and locally refined products, making importation less attractive in the coming months.
Experts predict that the trend will continue through mid-November, with additional PMS and AGO cargoes expected to arrive under consignments for Matrix Energy, Rain Oil, and Bovas Oil. The Lagos and Port Harcourt terminals have recorded seamless vessel transitions, with tankers offloading refined cargoes to strengthen stock levels ahead of increased end-of-year demand.
The arrival of several tankers has been confirmed, including the OLUWAJUWONLO, which arrived at the Lagos port on November 10, carrying 20,000 MT of PMS. Other tankers, such as the LAUSU and SL AREMU, are also expected to berth and discharge their cargo in the coming days. In Port Harcourt, the GOLDEN JASMINE has arrived with 10,301 MT of AGO.
Industry analysts believe that the consistent berthing schedule indicates strong synergy between private depots and the Dangote Refinery’s supply pipeline, allowing for faster product turnaround and improved distribution efficiency despite exchange rate fluctuations and freight cost pressures. The increased supply of petrol is expected to stabilize the domestic market and reduce the reliance on imported fuel. With the Federal Government’s 15% import tariff on refined fuel, the price gap between imported and locally refined products is expected to widen, making local refining more attractive.