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Petroleum depots have raised petrol prices amid reports that the Dangote Petroleum Refinery has temporarily halted loading operations, deepening supply shortages and pushing retail pump prices closer to ₦1,000 per litre across major Nigerian cities.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) confirmed that depot operators raised prices after the refinery suspended fuel loading last week, a move that has disrupted nationwide distribution and triggered panic buying.
Checks across Lagos, Ogun, Abuja, Rivers, and Edo show that petrol now sells between ₦900 and ₦955 per litre, while some filling stations in Sokoto and parts of the Federal Capital Territory charge as high as ₦1,000.
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Data from depots indicate that Matrix, Fynefield, and Liquid Bulk sold petrol at ₦900, Northwest at ₦895, Pinnacle at ₦885, RainOil at ₦890, NIPCO at ₦850, Aiteo at ₦878, and Sigmund at ₦890.
Retailers quickly adjusted their pump prices accordingly. NNPC Retail outlets now sell petrol at ₦928 in Lagos and Ogun, up from ₦870, reversing the price cut implemented in August, when NNPC reduced petrol to ₦865 in Lagos and ₦890 in Abuja.
