Petrol Depot Prices Jump Across Nigeria as Brent Crude Hits $90
By Aboki Forex —
Petrol depot prices rose across Nigeria's major supply hubs on Tuesday, August 11, 2026, as global crude oil prices pushed towards $90 per barrel. Parker in Warri recorded the largest single increase of N48 per litre, taking its petrol price to N1,230.
Data from multiple depots obtained by Petroleumprice.ng showed widespread increases in Lagos, Port Harcourt, Calabar and Warri. Diesel prices also moved sharply higher at several Lagos and Warri depots, with some marketers raising rates by over N200 per litre.
Depot-by-depot petrol prices
Parker in Warri jumped from N1,182 to N1,230 per litre. Sobaz in Calabar followed with a N40 increase to N1,220 per litre, while Matrix in Port Harcourt raised its rate by N35 to N1,230.
In Lagos, Pinnacle moved up by N34 to N1,200 per litre. Nipco added N14, bringing its price to N1,180. African Terminal and Integrated each rose by N10 to N1,175 per litre. Ardova held firm at N1,165 per litre, and Dangote Refinery kept its price unchanged at N1,166 per litre. MRS quoted N1,167 per litre, though no prior price was available for comparison.
In Port Harcourt, Bulk Strategic, Liquid Bulk, Masters and Sigmund each raised prices by N27 to N1,217 per litre. Matrix recorded a steeper N35 jump to N1,230. In Warri, Matrix and Nepal both added N20 to reach N1,230 per litre, while Parker's N48 increase was the biggest single jump among listed marketers.
Diesel prices surge at Lagos and Warri depots
The pressure extended to diesel. At Lagos depots, Pinnacle's Automotive Gas Oil (AGO) price rose by N230 to N1,800 per litre. Wosbab recorded the sharpest increase of N270, taking its diesel price from N1,580 to N1,850. Duport added N150 to reach N1,750, while Ibeto and Sahara moved to N1,750 from N1,700 and N1,600 respectively.
In Warri, Matrix raised diesel by N263 to N1,850 per litre, while Zamson increased its price by N278 to the same level.
NNPC cuts pump prices again
Earlier, the Nigerian National Petroleum Company Limited (NNPCL) reduced its retail pump price of Premium Motor Spirit (PMS) again. This is the second drop in as many weeks, reflecting changes in the global crude oil market.
While prices in Lagos were reduced from N1,210 to N1,170 a litre, motorists at Abuja stations now pay N1,210 per litre, down from N1,260 per litre at NNPC stations.
For Nigerian businesses, the sharp rise in diesel prices at depots means higher operating costs, especially for transport and logistics firms. The mixed signals, with depot prices climbing while NNPC pump prices fall, leave consumers watching closely for the next round of filling station rates.