Premium Motor Spirit (PMS) valued at N1.2trn was delivered at Nigerian ports in the space of six months.
This is also as the country’s seaports last week received N39.8 billion worth of petrol from 12 vessels with 188,016 metric tonnes.
The disclosure was contained in a data released by the National Bureau of Statistic (NBS), which showed that N1.26 trillion fuel was imported into the country between October 2020 and March 2021.
The breakdown of the imports showed that N687.74 billion worth of petrol was imported in the first quarter of 2021 as against the N573.69 billion worth of the product shipped into the country in the last quarter of 2020, leading to 16.6 per cent or N114.05 billion rise in three months.
According to the Nigerian National Petroleum Corporation (NNPC), 1.68 billion litres of petrol was imported through the Direct Sales Direct Purchase (DSDP) in January 2021, while 1.58 billion litres PMS was imported in December 2020, November, 1.66 billion litres and October, 2.39 billion litres.
It was learnt that the landing cost of premium motor spirit in the country is N212 per litre, while the freight cost was increased to $35.41 per tonne from $30.04 per tonne since last month.
Other cost elements that built up the landing cost include N4.57 lightering expenses, N0.25 insurance cost; N2.58 storage charge N1.33 financing; N2.38 Nigerian Ports Authority (NPA) charge; N0.23 Nigerian Maritime Administration and Safety Agency (NIMASA) charge; N10.29 freight and N1.61 jetty throughput charge.
Similarly, between June and November 2020, the price of petrol was revised four times, rising from N121.50–N123.50 per litre in June to N140.80-N143.80 in July, 2020, N148- N150 in August,2020, N158-N162 in September, 2020 and N165-N170 in November, 2020.
Despite the costs, the Bulk Oil Plant (BOP) at Lagos Port Complex took delivery of 23,016 tonnes from Gotland Aliya, last week.
According to the Nigerian Ports Authority (NPA)’s shipping position, three vessels berthed at Tincan Port’s jetty – Kirikiri Lighter Terminal Phase ll with 40,000 tonnes.
At the jetty, Coromel offloaded 10,000 tonnes; Capt Gregory, 20,000 tonnes and Sea Horse, 10,000 tonnes, Calabar Port received 15,000 tonnes from MT Ayodeji, while Matrix Triumph with 25,000 tonnes and Stellar, 20,000 tonnes have been moored at Rivers Port and Onne Port respectively.
In addition, five ships have arrived Warri Port with 65,000 tonnes of the fuel as Ostria discharged 15,000 tonnes; Stellar, 14,000 tonnes; Halima, 13,000 tonnes; Notus, 8,000 tonnes and St. Ilhaam, 15,000 tonnes.
Also, in April, 2021, 18 vessels offloaded some 344,361 tonnes (344.36 million litres) of premium motor spirit (PMS) valued at N64.05 billion at various port jetties.
At the Lagos port’s jetties, four vessels discharged 97,863 tonnes of the fuel at Single Bouy Mooring (SBM), Atlas Cove Jetty (ACJ) and Petroleum Wharf Apapa (PWA). Also, Sven offloaded 38,000tonnes at ACJ, while Zonda discharged 30,000 tonnes at PWA.
Again, Amala and Pike discharged 59,863 tonnes and 60,000 tonnes at SBM, while at Kirikiri Lighter Terminal (KLT) II, Halima and Sea Horse offloaded 10,000 tonnes and 10,000 tonnes respectively. St. Nenne with 15,000 tonnes and Safe Sea Neha III offloaded 10,000 tonnes of the product at Calabar port.
Reports say no fewer than nine vessels berthed at Warii Port with 104,298 tonnes of PMS with Capt. Gregory laden with 15,000 tonnes; Matrix Pride, 15,000 tonnes; St Walga, 15,000 tonnes; St Amrah, 15,000 tonnes; Halima, 14,000 tonnes; Keonamex Victory, 12,500 tonnes; Sea Pearl, 10,000 tonnes; Coromel, 7, 998 tonnes and Notus, 7,000 tonnes.