Dangote-linked marketers sell petrol at N1,168 as depot prices outpace refinery gantry rate
By Aboki Forex —
The Dangote Petroleum Refinery may be heading toward another price revision after marketers linked to the facility began selling petrol above the refinery's official rate. Independent depots in Lagos, Port Harcourt, Calabar and Warri are also quoting higher figures.
Marketers quote N3 above gantry price
Dangote-linked marketers were selling petrol at N1,168 per litre on Thursday, August 13, N3 above the refinery's current gantry price of N1,165. The diesel gap is wider: the refinery's gantry price stands at N1,570 per litre, while affiliated marketers are quoting N1,630 per litre, a difference of N60.
Depot prices across four cities
Petroleumprice.ng data shows the spread in multiple locations. In Lagos, Pinnacle is selling petrol at N1,180 per litre and diesel at N1,625, while Sahara is quoting N1,680 for diesel and NIPCO N1,650.
In Port Harcourt, Sigmund, Bulk Strategic and Liquid Bulk are all offering petrol at N1,205, which is N40 above Dangote's gantry price. Calabar is seeing similar pressure, with Northwest selling at N1,195 per litre, Sobaz at N1,199, and Hong Petroleum, Fynefield and Soroman each quoting N1,198.
The widest diesel margin recorded comes from Warri, where A.Y.M Shafa is offering diesel at N1,800 per litre, N230 above Dangote's official rate.
What happens next
Industry sources said the gap between official refinery prices and prevailing depot rates has held for roughly three days. They cautioned that any decision by the refinery to revise its prices would depend on whether the trend proves sustained rather than temporary.
Downstream operators are also monitoring global crude prices and developments around the Strait of Hormuz, a key shipping route for oil exports. A prolonged disruption to shipments through that waterway could push crude costs higher and increase the price of bringing refined products to market.
As of the time of reporting, the Dangote Petroleum Refinery had not announced any official price change. Its gantry rates remain N1,165 per litre for petrol and N1,570 per litre for diesel.