Shipping data obtained from the Nigerian Ports Authority (NPA) has disclosed that an estimated 505,000 tonnes of Premium Motor Spirit (PMS) or petrol, and Automotive Gas Oil (AGO) or diesel worth $432.35 million was exported by marketers and local refineries to parts of Europe and West Africa in one month.

The NPA data also showed that five vessels left Nigeria with 288 million litres (210,000 tonnes) of petrol valued at $158 million in the last three weeks.

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The shipping data further revealed that 351 million (295,000 tonnes) of diesel valued at $274.35 million were ferried out by nine vessels. It revealed that Princess left with 20,000 tonnes of PMS; Sebeak, 100,000 tonnes; Bora, 33,000 tonnes; Stella, 32,000 tonnes and Zomda, 25,000 tonnes.

Also, the shipping data indicated SM Osprey left the country with 40,000 tonnes; Nave Atria, 44,000 tonnes; Ellie E, 20,000 tonnes; Princess Oge, 20,000 tonnes; Pinarello, 25,000 tonnes; ST Ilihaam, 28,000 tonnes; MIA Grace, 40,000 tonnes and Leste, 38,000 tonnes.

Findings revealed that SM Osprey ferried its cargo to Tema port, Ghana, while MIA Grace and Nave Atria sailed to Amsterdam and the port of Las Palmas, Spain respectively with their products.

In the first quarter of the year, petrol worth N105.5 billion were shipped to Lome Port’s jetties, leading offshore ship-to-ship trading hub in Togo as Dangoted Petroleum Refinery (DPR) dominated fuel shipments across West Africa.

In April, the country exported 332 750 tonnes of diesel and petrol over global fuel shortage caused by the blockade of Strait of Hormuz by Iran, then the international Automotive Gas Oil (Diesel) prices revolved around $1,491 per tonnes, while petrol price was $1,200.

The shipping data explained that 86,250 tonnes of PMS worth ($104 million) N145 billion were ferried by three vessels, while 246,500 tonnes of AGO valued at $367.5 million (N515 billion) were lifted at Dangote Petroleum Refinery (DPR)’s jetty in the period.

According to the shipping data, ST Walga loaded 32,000 tonnes of PMS; Pinarello, 28,000 tonnes and St. Lady Meenah, 26,250 tonnes, noting that MT Ilhaam sailed with 25,000 tonnes; Leste, 25,000 tonnes; Atlantic Sunflower, 40,000 tonnes; Emma Grace, 43,500 tonnes; Uzava, 47,000 tonnes and Tom Grace, 66,000 tonnes.

Recall that in March, DPR explained that 456,000 tonnes were ferried out to the regional energy market with the successful sales of 12 cargoes to Cote d’Ivoire, Cameroon, Tanzania, Ghana, and Togo.

Also, in February, about 153 million litres (153,000 tonnes) of PMS were ferried from Nigerian jetties to Togo and other West African countries in February as the conflict in the Middle East has triggered global oil spikes above $100/barrel, causing Dangote Refinery to raise prices, leading to severe economic pressure and increased transport costs across the region.

According to NPA’s shipping data, six vessels were involved in lifting the fuel to the neighbouring ports as some of the countries in the region now depend on Nigerian petroleum product, saying that Princess Oge left New Oil Jetty (NOJ) and Dangote Jetty at Lekki with 15,000 tonnes; Mosumola, 45,000 tonnes; Pinarello, 38,000 tonnes; Capt. Gregory, 15,000 tonnes; Stella, 20,000 tonnes and African Marvel, 20,000 tonnes.