Depot fuel prices reach ₦900 per liter amidst delay in Dangote production

Depot fuel prices have surged to nearly ₦900 per liter in major coastal areas of Nigeria, driven by operational and supply challenges at the Dangote Petroleum Refinery, which are straining the distribution network.

According to a knowledgeable source, the refinery is currently loading only a limited number of trucks as it awaits the completion of maintenance work and performance assessments. “The refinery is functioning at a diminished capacity, with only a few loading tickets being issued until further updates,” the source revealed.

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As of Monday, October 13, 2025, market analysis showed that Premium Motor Spirit (PMS) was priced between ₦870 and ₦900 per liter at significant depots in Lagos and Calabar, reflecting a steady rise from the previous week.

In Lagos, where most private depots rely on imported fuel, prices remained elevated even after recent adjustments. Aiteo and Pinnacle listed their petrol prices at ₦890 and ₦870 per liter, respectively, while Integrated Oil and Gas offered PMS at ₦870 per liter.

In Calabar, fuel prices at Matrix Energy and Northwest Petroleum were ₦890 and ₦880 per liter, respectively, while Sobaz Depot reported a maximum price of ₦900 per liter, the highest recorded this month.

A Depot Marketer warned, “If Dangote’s supply continues to be unreliable, depot prices could easily exceed ₦900 per liter soon. Marketers are already limiting liftings due to high replacement costs.”