Dangote Refinery Maintains Price Advantage Over Imported Petrol
Dangote Refinery has held its petrol price below the estimated cost of importing the product into Nigeria, according to the latest energy market data published by the Major Energies Marketers Association of Nigeria (MEMAN) on Thursday, July 10, 2026. The MEMAN Energy Bulletin placed the import parity price for Premium Motor Spirit (PMS) at N1,095.15 per litre, while Dangote's coastal and gantry price stood at N1,075 per litre, making locally refined petrol approximately N20 per litre cheaper than imported supplies.
Dangote Fuel Prices Across Products
Beyond petrol, the bulletin showed Dangote Refinery's pricing across other major petroleum products remained steady. Automotive Gas Oil (AGO), commonly known as diesel, was sold at N1,500 per litre at the gantry, while aviation turbine kerosene (ATK) was priced at N1,300 per litre. Liquefied Petroleum Gas (LPG) carried a price tag of N925,000 per metric tonne.
The picture was less favourable to the local refiner when measured against import parity for those other products. MEMAN estimated the landing cost of diesel at N1,306.24 per litre, well below Dangote's N1,500 per litre gantry price. Aviation fuel's import parity price of N1,292.66 per litre also came in slightly cheaper than the refinery's N1,300 per litre offer.
Market Price Trends and Regional Variations
The average 30-day petrol price across the market was N1,064.42 per litre, while spot market rates ranged between N1,134.72 and N1,135.73 per litre. Regional price differences remained pronounced across Nigeria's major supply depots. Lagos posted the lowest ex-depot petrol prices, ranging from N1,072.00 to N1,075.50 per litre. Warri recorded prices between N1,100.00 and N1,125.00 per litre, while Port Harcourt had N1,138.00 to N1,150.00 per litre. Calabar saw the highest range at N1,155.00 to N1,170.00 per litre.
For diesel, Lagos prices ranged from N1,420.00 to N1,500.00 per litre, Warri from N1,510.00 to N1,550.00, Port Harcourt from N1,483.00 to N1,550.00, and Calabar from N1,500.00 to N1,510.00 per litre.
Impact on Petrol Imports
Earlier, Legit.ng reported that Nigeria's spending on petrol imports declined dramatically in the first quarter of 2026, according to data released by the National Bureau of Statistics (NBS). The report showed that the value of PMS imports plunged to N87.401 billion from N2.271 trillion recorded in the corresponding period of 2025, representing a 96.2% year-on-year decline. The sharp reduction also meant that petrol was absent from the list of Nigeria's top 19 traded commodities with global markets, Africa, and the West African sub-region during the quarter.
