Several Private petroleum depots across the Country and other key fuel trading hubs have raised the ex-depot price of Premium Motor Spirit (petrol) to as high as 800 naira per litre.

Data obtained from petroleumprice.ng on Friday showed that the average cost of petrol at private depots increased sharply within 48 hours, tightening margins for marketers and raising fresh concerns over an imminent spike in retail pump prices nationwide.

In Lagos, Dangote depot, which consistently offers the lowest petrol price, sold PMS at 703 naira per litre on Friday, up from 702.50 naira on Wednesday, December 31, 2025.

While the increase at Dangote was marginal, other private depots recorded steeper adjustments.

Eterna and Integrated depots raised petrol prices to 800 naira per litre on Friday, compared with 726 naira per litre at Shellplux and AIPEC earlier in the week, indicating a jump of 74 naira per litre within two days.

The Warri market reacted faster due to tighter supply lines and higher transportation costs, especially as marketers reposition volumes ahead of anticipated scarcity.

Recall that last December, Dangote Petroleum Refinery reduced its petrol gantry price, slashing the ex-depot rate from 828 naira to 699 naira per litre. 

The new price took effect on December 11, 2025, marking the 20th petrol price adjustment announced by the refinery this year.

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