Depot petrol prices have surged to between N890 and ₦900 per liter across Nigeria’s major coastal hubs, driven by operational and supply challenges at the Dangote Refinery that have disrupted production and strained national distribution.
In another wave of fuel price shock, the Nigerian National Petroleum Company Limited (NNPCL) has reviewed the pump price of Premium Motor Spirit (PMS) upward across its retail outlets now selling at ₦922 per liter in Lagos and ₦928 per liter in Oyo State, also prompting other retail outlets to increase their pump prices between ₦900 to ₦955 per liter.
Sources said the refinery will load only a few trucks for now, pending completion of ongoing maintenance and performance checks. “The refinery is operating at a reduced rate, and only limited loading tickets will be released until further notice,” the source said.
Most filling stations in Lagos now sell between N910 and N900 per liter. NNPC filling outlets adjusted to a new price of N890 per liter on Sunday.
Market data obtained on Monday, October 13, 2025, showed that Premium Motor Spirit (PMS) sold between ₦870 and ₦900 per liter at key depots in Lagos and Calabar, reflecting a steady climb over the past week.
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In Lagos, where most private depots rely on imported supply, prices remained elevated even after recent reviews. Aiteo and Pinnacle both sold petrol at ₦890 and ₦870 per litre, respectively, while Integrated Oil and Gas priced PMS at ₦870 per litre.
At Calabar, Matrix Energy and Northwest Petroleum traded at ₦890 and ₦880 per litre, while Sobaz Depot hit ₦900 per litre —the highest recorded so far this month.
The slowdown at the Dangote Refinery, expected to anchor Nigeria’s shift from fuel imports, has left private depots and marketers heavily dependent on imported stocks influenced by high international landing costs and volatile exchange rates.
