Petrol Depot Prices Fall to N1,330 in Calabar, Warri, Port Harcourt as Dangote Supply Rises

Petrol depot prices fell sharply in Calabar, Warri and Port Harcourt in the trading week, with rates dropping to as low as N1,330 per litre. Lagos, however, stayed relatively firm at about N1,350 per litre as product availability tightened.

The weekly market review by Petroleumprice.ng showed that improved distribution from the Dangote Petroleum Refinery boosted supply and intensified competition among depot operators outside Lagos.

Calabar posts the steepest cut

Calabar recorded the sharpest average reduction among the four markets surveyed. At Northwest depot, petrol fell from N1,355 on Monday to N1,330 per litre by Friday, a N25 cut. Soroman dropped N15 from N1,350 to N1,335.

The average Calabar price declined from N1,352.50 to N1,332.50 per litre. Some depot prices in the city fell below the refinery's gantry benchmark, a sign of rising competition after improved product availability.

Warri and Port Harcourt follow

Warri saw widespread reductions, with major depots closing the week at N1,335 per litre. Matrix and Keonamex cut prices by N25, from N1,360 to N1,335. Nepal and Optima reduced by N20, from N1,355 to N1,335. The average Warri price dropped by N22.50 to N1,335 per litre.

Port Harcourt followed the same trend. Stockgap and TSL posted the biggest cuts, down N18 to N1,332 per litre. Masters dropped N17 to N1,333, while Liquid Bulk and Sigmund fell N15 to N1,335. That pulled the Port Harcourt average from N1,350 to about N1,333.40 per litre.

Lagos stays firm as diesel swings

Lagos petrol prices moved only marginally. African Terminal, Integrated and Ascon went from N1,350 to N1,351. MRS Tincan recorded the largest decline, down N5 from N1,357 to N1,352. Pinnacle slipped from N1,352 to N1,350.50, while Sahara closed at N1,351. The firmer Lagos market reflected tighter product availability during the week.

Diesel, or Automotive Gas Oil, recorded much bigger movements. In Lagos, Wosbab raised its price by N245 per litre, from N1,855 to N2,100. Pivot and Chipet rose by N95 each, while Eterna dropped N100 to N1,950. African Terminal, Duport, Integrated, Ibachem and Ascon cut diesel prices by N10 to N1,840.

In Warri, Matrix raised diesel by N70 to N2,100, while Prudent added N8 to N1,958.

Brent crude climbed above $108 per barrel during the week before easing to about $103.87 ahead of the close of trading.

The week's movements underline the growing influence of Dangote Refinery supplies on wholesale petrol pricing. Greater availability in Warri, Port Harcourt and Calabar pushed prices lower, while Lagos held steady. Volatile crude oil costs mean the outlook stays fluid, with depot rates still reacting to both international replacement costs and local supply conditions.

The relief is not nationwide. Petrol prices have climbed sharply in parts of Northern Nigeria, with motorists paying as much as N1,850 per litre. The steepest price cited was in Mubi, Adamawa State, while several other northern markets moved into the N1,500 to N1,700 range.

For transport operators and businesses in the South-South and Calabar corridor, the lower depot rates could ease logistics costs if the cuts reach the pumps. Northern states still face the heaviest burden, where high petrol prices feed directly into transport, food and household expenses.