Petroleum marketers have taken delivery of fresh cargoes of petrol and diesel at major coastal terminals in Lagos and Warri as they replenish their inventories.

The latest tanker position report monitored by Petroleumprice.ng showed that several cargoes of petrol and diesel were either discharged or scheduled to berth at terminals across the two cities.

Lagos remained the busiest receiving hub, with cargoes scheduled at the Petroleum Wharf Apapa, Stockgap, Ibafon, Rain Oil and other terminals.

The report showed that Bora, carrying 20,000 metric tonnes of petrol, arrived on August 12 and was scheduled to load at the Dangote Petroleum Refinery before discharging at Stockgap in Port Harcourt. Pivot Energy is the receiver.

Another vessel, LIAN XI LU, carrying 33,000 MT of petrol, arrived on August 12 and was scheduled to berth at AIPEC on Thursday. Glencore and Bono are listed as the receivers.

ST Lady Doyin, carrying 37,000 MT of petrol, arrived on August 10 and berthed at Bovas on August 12. The vessel is expected to discharge part of its cargo, with the balance also going to Bovas.

At Pinnacle, Brands Hatch, carrying 61,000 MT of petrol, reportedly arrived on August 11 and berthed on August 12. BP Oil is listed as the receiver.

In Warri, Princess Oge, carrying 15,000 MT of petrol, arrived on August 10 and berthed at RainOil on August 11. The cargo was loaded at the Dangote refinery.

Matrix Pride, also carrying 15,000 MT of petrol, arrived on August 5 and was scheduled to berth at Matrix on Thursday. Matrix Energy is the receiver.

The Petroleumprice.ng report also showed fresh diesel supplies at several Lagos terminals. Bise, carrying 13,000 MT of diesel, arrived on August 11 and was discharging at the Petroleum Wharf Apapa, with NIPCO listed as the receiver.

ELLIE M II, carrying 11,000 MT of diesel, arrived on August 10 and was scheduled to berth at Ibafon on Thursday. The cargo was loaded at the Dangote refinery and is being received by 2015 Petroleum and Bucoh Energy.

Oluwajuwonlo, carrying 20,000 MT of AGO, arrived on August 10 and berthed at Rain Oil on August 12. The vessel was reportedly loaded at Sabeck.

Also, ST WALGA, carrying 20,000 MT of diesel, arrived on August 12 and is expected to load at the Dangote refinery before discharging at AA Rano in Lagos.

Hudson, carrying 20,000 MT of diesel and 5,000 MT of aviation turbine kerosene, is also expected to load at the Dangote refinery before discharging at Emadeb. Octavus is the receiver.

Meanwhile, fresh LPG supplies are also arriving in Lagos. Alfred Temile, carrying 13,000 MT of LPG, was loaded at the Nigeria LNG facility in Bonny and berthed at Bulk Oil Petroleum on August 11. NNPC is the receiver. The vessel is expected to discharge 6,000 MT before shifting to Navgas for the balance.

Eco Arctic, carrying 8,000 MT of LPG, also berthed at Navgas on August 10, with the cargo being discharged.

The latest vessel movements are expected to improve short-term product availability in the Lagos and Warri markets, although the supply position remains sensitive to replacement costs, international crude oil prices, vessel scheduling and the pace of discharge and evacuation from coastal terminals.

Market participants are expected to monitor the developments closely as they assess the direction of depot prices in the coming days.

However, consumers are still looking forward to a considerable decline in fuel prices, as the fresh cargoes arrive in the country in large volumes. The crisis in the Middle East has remained a major factor driving up the cost of imported commodities, experts say.