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Private petroleum depots across Nigeria raised ex-depot petrol prices by as much as N61 per litre amid shifting market conditionsSeveral depots in Lagos and Warri now quote prices between N1,248 and N1,270 per litre following the latest adjustmentsThe increases come as Dangote Refinery continues to dominate domestic fuel supply and marketers monitor replacement costs
Private petroleum depots across Nigeria have pushed up their ex-depot prices for premium motor spirit (PMS) by as much as N61 per litre, with new rates taking effect at several major supply hubs in Lagos and Warri.
The adjustments reflect rising replacement costs and shifting dynamics in Nigeria’s downstream petroleum sector, where Dangote Petroleum Refinery has established itself as the dominant force in domestic fuel supply.
Marketers brace for higher fuel costs after depots announce fresh PMS prices. Photo: BloombergSource: UGC
Lagos Depots Lead the Price Increases
Data from Petroluemprice.ng showed that in Lagos, African Terminal, Aiteo, Integrated, and Sahara all
