Petrol depot prices rose across Nigeria's key petroleum hubs on Tuesday, August 11, 2026, as global crude oil prices pushed towards $90 per barrel, adding fresh cost pressure to the downstream fuel market.
Data from multiple depots obtained by Petroleumprice.ng showed widespread price increases in Lagos, Port Harcourt, Calabar and Warri. Parker in Warri recorded the highest single jump among listed marketers, raising its Premium Motor Spirit (PMS) price by N48 per litre to N1,230 from N1,182.
Depot Price Movements Across Key Hubs
Sobaz in Calabar followed with a N40 increase to N1,220 per litre, while Matrix in Port Harcourt raised its rate by N35 to N1,230. In Lagos, Pinnacle moved its price up by N34 to N1,200 per litre, while Nipco added N14, bringing its rate to N1,180. African Terminal and Integrated each raised prices by N10 to N1,175 per litre.
Ardova held firm at N1,165 per litre and Dangote Refinery kept its price unchanged at N1,166 per litre. MRS quoted N1,167 per litre, though no prior price was available for comparison. Port Harcourt saw four depots, Bulk Strategic, Liquid Bulk, Masters and Sigmund, each raise prices by N27 to N1,217 per litre, while Matrix recorded the steeper N35 jump to N1,230.
Warri and Calabar See Notable Increases
In Warri, Matrix and Nepal each added N20 to reach N1,230 per litre, with Parker's N48 increase making it the largest rise across all the locations covered. In Calabar, Soroman quoted N1,230 per litre, though no previous price was listed for comparison.
The price movements come as international oil markets remain sensitive to conditions around the Strait of Hormuz, a vital corridor for global crude and petroleum product shipments. A tightening of supply through that route has contributed to upward pressure on Brent crude. Higher crude prices can push up the cost of refined products, particularly when replacement cargoes become more expensive for marketers.
However, depot price changes do not necessarily feed through immediately to retail pump prices, which also reflect logistics costs, stock levels, competition and individual margins.
Diesel Prices Also Climb
The pressure extended to diesel. At Lagos depots, Pinnacle's Automotive Gas Oil (AGO) price rose by N230 to N1,800 per litre, while Wosbab recorded the sharpest increase of N270, taking its diesel price from N1,580 to N1,850. Duport added N150 to reach N1,750, and both Ibeto and Sahara moved to N1,750 from N1,700 and N1,600 respectively.
In Warri, Matrix raised diesel by N263 to N1,850 per litre, while Zamson increased its price by N278 to the same level.
NNPC New Petrol Prices
Earlier, Legit.ng reported that the Nigerian National Petroleum Company Limited (NNPCL) has reduced its retail pump price of Premium Motor Spirit (PMS) again. This is the second drop in as many weeks, reflecting the changes in the global crude oil market. While prices in Lagos were reduced from N1,210 to N1,170 a litre, motorists at the Abuja stations now pay N1,210 per litre, down from N1,260 per litre at NNPC stations.
