See the latest fuel depot prices across Nigeria as Dangote reverts to sales in naira

Dangote Refinery raised its petrol and diesel gantry prices this week after resuming naira-denominated sales, triggering fresh adjustments at depots across the country. The refinery increased Premium Motor Spirit (PMS) from ₦1,075 to ₦1,215 per litre — a ₦140 or 13.02 per cent jump — and Automotive Gas Oil (AGO, diesel) from ₦1,500 to ₦1,650 per litre.

Global crude briefly crossed $100 per barrel during the week before easing to around $96, heightening replacement cost concerns for marketers. Industry players said product prices now reflect expected replacement costs rather than daily oil price moves, keeping depot rates elevated.

Lagos: Petrol mixed, diesel climbs

In Lagos, major depots including Aiteo, Nipco, Pinnacle, Gulf Treasure and T.Time reduced their PMS prices slightly to between ₦1,220 and ₦1,228 per litre, suggesting improved product availability and competition despite the higher refinery benchmark. Diesel, however, surged. African Terminal, Duport, Ibachem and Integrated all raised diesel to ₦1,650 per litre. Menj posted the largest increase, moving from ₦1,498 to ₦1,650 per litre.

Warri, Port Harcourt, Calabar see mixed moves

Warri recorded only modest petrol increases — most depots raised rates by ₦3 to ₦10 per litre. Diesel was sharper: Prudent added ₦105 per litre, while A.Y.M Shafa and Nipco also adjusted upward. In Port Harcourt, petrol stayed largely stable. Masters increased by ₦10, Matrix held, and Liquid Bulk saw a marginal rise. Diesel surged: Sigmund jumped ₦135 to ₦1,750 per litre, and Matrix matched that level.

Calabar was the only major market where petrol fell. Hong Petroleum reduced its PMS price by ₦15 per litre, reflecting improved supply and competitive conditions despite the broader national increase.

What the moves mean for consumers

Market analysts expect depot prices to remain firm in the coming days as marketers factor in higher refinery costs and global oil uncertainty. Attention is also focused on the Federal Government’s naira-for-crude policy, which remains a key determinant of domestic fuel prices. Unless international crude falls significantly or more crude flows under the policy, industry operators say petrol and diesel are likely to stay elevated across Nigeria.

Chinedu Ukadike, National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirmed on Tuesday, July 22, 2026, that private depots had resumed selling to marketers after a pause to recalibrate prices and collect top-up payments. He said fears of fuel scarcity were unfounded.