Wholesale petrol prices at Nigeria’s private depots have pushed higher for a second straight week, averaging around N1,250 a litre, up from roughly N1,200 last week, as an extended halt in loading at Dangote Petroleum Refinery collides with a rally in global crude and a market adjusting to the refinery’s shift to dollar-based transactions.
A survey by Petroleumprice.ng of major depots on Monday found loading prices clustering between N1,248 and N1,270 a litre across Lagos, Port Harcourt, Warri and Calabar, a further step up from last week’s levels.
The suspension of loading at Dangote’s refinery has now stretched into a new week, forcing marketers to lean more heavily on private depots for supply. That shift has clogged truck routes around several depot corridors, as buyers scramble to lock in volumes with little clarity on when the refinery will resume normal operations.
Traders say the loading halt is the clearest cause
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