Filling Stations Hike Petrol Prices Nationwide as Depot Costs Hit N1,200 Per Litre

Filling stations across Nigeria have increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, after private depot owners raised wholesale loading costs to about N1,200 per litre. Motorists are now paying between N1,100 and N1,230 per litre across major cities as marketers pass on the higher costs to consumers.

The latest increase followed a temporary suspension of product loading at the Dangote Petroleum Refinery, a development that pushed depot prices higher amid concerns over product availability.

Price Breakdown Across Key Cities

A market survey by Petroleumprice.ng showed that independent marketers have adjusted retail prices after private depot owners raised wholesale prices in Lagos, Port Harcourt, Warri and Calabar. In Lagos, several filling stations along the Isheri-Igando Road corridor adjusted their pump prices upward. Toluwalashe sold petrol at N1,198 per litre, Einiceato at N1,185, Techno Oil at N1,160, while Mavdav dispensed the product at N1,150 per litre.

In the Federal Capital Territory (FCT), motorists bought petrol for between N1,118 and N1,200 per litre. The NNPCL retail outlet in Wuse Zone 2 sold at N1,118 per litre, while TotalEnergies along the Kubwa Expressway dispensed at N1,119 per litre. AYM Shafa and Bovas sold at N1,180 per litre, while Sunset Energy and Mainland filling stations charged N1,200 per litre. An MRS station along the Kubwa Expressway was not dispensing petrol during the survey.

In Port Harcourt, Eterna and other filling stations sold petrol at N1,200 per litre. In Kaduna, pump prices climbed to N1,230 per litre at outlets such as Edi-Jen, A.A. Rano, Rainoil and Future View, while the NNPCL Mega Station sold at N1,168 per litre. In Enugu, petrol prices ranged between N1,100 and N1,220 per litre. NIPCO sold at N1,180 per litre, Pinnacle Oil at N1,200, while Tetris Energy also dispensed at N1,180 per litre.

Regional Variations and State Prices

In Edo State, petrol sold for between N1,140 and N1,200 per litre. The NNPCL station on Sapele Road charged N1,140 per litre, while MRS sold at N1,171 per litre. In Ondo State, pump prices ranged from N1,110 to N1,125 per litre. In Ilorin, Kwara State, motorists purchased petrol at prices ranging from N1,100 to over N1,150 per litre.

Petrol prices across selected states were recorded as follows: Lagos at N1,198, Abuja (FCT) at N1,200, Port Harcourt at N1,200, Kaduna at N1,230, Enugu at N1,220, Edo at N1,200, Ondo at N1,125, and Ilorin (Kwara) above N1,150 per litre.

Regulator Advises Against Panic Buying

Legit.ng previously reported that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said the country has sufficient stocks of petroleum products to meet nationwide demand. The regulator advised Nigerians against panic buying or stockpiling fuel, stressing that there is no reason for concern over product availability. According to the agency, existing supplies of petrol (PMS), diesel (AGO), and liquefied petroleum gas (LPG) are adequate to satisfy current consumption levels across the country.

For Nigerian businesses and consumers, the sustained rise in petrol prices means higher transportation and production costs, which could further pressure household budgets and push up the prices of goods and services in the coming weeks.