For Adverts / Inquiries
08024545197Dangote Petroleum Refinery has resumed Automotive Gas Oil (AGO) sales after an eight-day suspension. The gantry price has increased to ₦1,650 per litre from ₦1,500 per litre, according to data obtained by Petroleumprice.ng
The return of Brent crude above the $100 per barrel mark has heightened concerns over another round of fuel price increases in Nigeria, with industry analysts warning that the development could trigger higher transport fares, more expensive goods and services, and renewed inflationary pressure across the economy.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to halt the importation of Premium Motor Spirit (PMS), arguing that imported petrol now costs significantly more than locally refined products and is fuelling price instability in the downstream petroleum sector.
Fresh cargoes of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO) and Aviation Turbine Kerosene (ATK) has berthed at major petroleum depots in Lagos and Warri between July 20 and July 21, as marketers intensify efforts to strengthen product availability following the resumption of Dangote Petroleum Refinery's coastal loading operations.
Dangote Petroleum Refinery has resumed coastal loading of Premium Motor Spirit (PMS) after a six-day suspension, introducing a new coastal petrol price of $1,161.23 per metric tonne (MT), up from the previous $1,044.62/MT. The latest price represents an increase of $116.61/MT, or approximately 11.2 per cent. The development comes as industry sources indicate that gantry loading for trucks, which remains suspended, could also resume soon with a possible price review Petroleumprice.ng gathered.
Nigeria's downstream petroleum market has recorded its sharpest weekly price surge in months, with petrol loading prices at private depots climbing by ₦200 per litre, representing a 18.6 per cent, barely one week after Dangote Petroleum Refinery replaced its naira pricing regime with a dollar-denominated sales model.
Dangote Petroleum Refinery has rejected the Nigerian National Petroleum Company Limited's (NNPCL) claim that it fully met its obligations under the Federal Government's naira-for-crude programme, stating that the national oil company supplied less than 25 per cent of the crude cargoes expected under the arrangement
Nigeria's private depot petrol prices have climbed to an average benchmark of about ₦1,250 per litre, marking a fresh increase from last week's ₦1,200 benchmark, as the continued suspension of product loading at Dangote Petroleum Refinery, rising international crude oil prices and the downstream market's adjustment to evolving dollar-denominated petroleum product transactions reshape wholesale fuel pricing
Truck traffic has surged across major private petroleum depots in Lagos as marketers scramble for petrol supplies following the fifth consecutive day of suspended loading at Dangote Petroleum Refinery, amid growing expectations that wholesale prices could rise when operations resume
Nigeria's petrol stock has risen to its highest level in months, offering improved supply security, but surging global crude oil prices and Dangote Refinery's transition to dollar-denominated product sales are increasing the likelihood of another fuel price increase.
Global oil prices climbed sharply in early trading on Monday as the escalating military confrontation between the United States and Iran fuelled fresh fears over crude supply disruptions from the Middle East, pushing Brent crude above the critical $90 per barrel threshold for the first time in months.
Dangote Petroleum Refinery's decision to denominate petroleum product sales in U.S. dollars is supported by two key factors: its location within a designated Free Trade Zone (FTZ) and the dollar-based structure of the international crude oil market
Petrol pump prices have begun rising across Nigeria after private depot owners benchmarked Premium Motor Spirit (PMS) loading prices at around ₦1,200 per litre, with filling stations in Lagos and several other states adjusting retail prices upward in response to the higher wholesale costs
Nigeria recorded no imports of Automotive Gas Oil (AGO), commonly known as diesel, in June 2026, marking the second consecutive month that domestic refineries fully supplied the country's diesel market, according to the latest factsheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)
Dangote Petroleum Refinery's offshore marine terminal has recorded approximately 1,100 tanker calls since commencing operations, marking another major milestone for the 650,000 barrels-per-day facility as it continues to expand crude oil imports and refined petroleum exports across domestic and international markets.
Nigeria's downstream petroleum market witnessed one of its sharpest weekly price rallies in recent months as depot prices surged across Lagos, Warri, Port Harcourt and Calabar following Dangote Refinery's transition to dollar-denominated product sales and mounting uncertainty over the future of the Federal Government's naira-for-crude arrangement.
Nigeria's daily petrol imports surged by more than 207 per cent in June despite continued output from local refineries, as marketers significantly increased offshore purchases to complement domestic supply, the latest Midstream and Downstream Petroleum Statistics released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have shown.
The Federal Government has commenced high-level discussions with Dangote Petroleum Refinery over its recent decision to denominate petroleum product sales in United States dollars, with both parties working towards a framework that could see the refinery resume domestic sales in naira, Petroleumprice.ng has exclusively gathered.
Fresh cargoes of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Liquefied Petroleum Gas (LPG), butane and aviation fuel are scheduled to berth at key petroleum depots across Lagos, Warri and Port Harcourt between July 13 and July 17, as marketers move to replenish inventories amid rising global freight costs and continued uncertainty in international oil markets.
Nigeria's estimated landing cost of imported Premium Motor Spirit (PMS) increased by ₦47.78 per litre within six days, rising from ₦1,134.72 per litre on July 9 to ₦1,182.50 per litre on July 15, as higher international crude prices, rising freight charges and exchange rate pressures combined to increase the cost of fuel imports