The Dangote Petroleum Refinery has begun distributing Premium Motor Spirit (PMS), commonly known as petrol, using Compressed Natural Gas (CNG)-powered trucks at ₦850 per litre nationwide.
The refinery’s introduction of CNG trucks has helped sustain fuel supply even after the Nigerian National Petroleum Company Limited (NNPCL) raised its depot price from ₦850 to ₦900 per litre. Olatide Jeremiah, Chief Executive Officer of Petroleumprice.ng, noted that depot prices have generally increased. “Market data shows that petrol sold between ₦870 and ₦900 per litre at major depots in Lagos and Calabar, reflecting a steady rise over the past week,” he said.
In Lagos, where most private depots depend on imported products, prices remained high despite recent adjustments. Aiteo and Pinnacle sold petrol at ₦890 and ₦870 per litre respectively, while Integrated Oil and Gas pegged its price at ₦870 per litre. In Calabar, Matrix Energy and Northwest Petroleum traded at ₦890 and ₦880 per litre, with Sobaz Depot recording the highest price this month at ₦900 per litre.
Jeremiah added that prices could stabilize once the Dangote Refinery completes its ongoing rehabilitation, noting that the plant’s output has the potential to significantly influence domestic fuel supply.Nationwide, petrol prices have risen by about 6.8 percent, climbing from an average of ₦890 per litre last week to ₦955 per litre.
Outlets operated by NNPCL and independent marketers in Lagos and Abuja now sell petrol between ₦900 and ₦955 per litre. In Abuja, both major and independent filling stations have increased pump prices by more than ₦50 per litre following NNPCL’s recent price review.
