The Dangote Petroleum Refinery may soon adjust its petrol prices after affiliated marketers began selling above the official gantry rate, with independent depots in Lagos, Port Harcourt, Calabar, and Warri quoting higher figures. On Thursday, August 13, Dangote-linked marketers sold petrol at N1,168 per litre, N3 above the refinery's gantry price of N1,165. The diesel gap is wider: the refinery's gantry price is N1,570 per litre, while affiliated marketers quote N1,630, a N60 difference.
New Depot Prices Across Key Cities
Petroleumprice.ng reports that the spread is visible in multiple locations. In Lagos, Pinnacle sells petrol at N1,180 per litre and diesel at N1,625; Sahara quotes N1,680 for diesel; NIPCO lists N1,650. In Port Harcourt, Sigmund, Bulk Strategic, and Liquid Bulk all offer petrol at N1,205, N40 above Dangote's gantry price. Calabar shows similar pressure, with Northwest selling at N1,195, Sobaz at N1,199, and Hong Petroleum, Fynefield, and Soroman each quoting N1,198. The widest diesel margin is in Warri, where A.Y.M Shafa offers diesel at N1,800 per litre, N230 above Dangote's official rate.
What Industry Sources Are Saying
Industry sources told Legit.ng that the gap between official refinery prices and prevailing depot rates has held for roughly three days. They cautioned that any decision by the refinery to revise prices would depend on whether the trend proves sustained rather than temporary. Downstream operators are also monitoring global crude prices and developments around the Strait of Hormuz, a key shipping route for oil exports. A prolonged disruption to shipments through that waterway could push crude costs higher and increase the price of bringing refined products to market.
As of the time of reporting, the Dangote Petroleum Refinery had not announced any official price change. Its gantry rates remain N1,165 per litre for petrol and N1,570 per litre for diesel.
Earlier NNPC Price Reduction
Earlier, Legit.ng reported that petrol prices at filling stations operated by the Nigerian National Petroleum Company Limited (NNPC Limited) in Lagos were reduced again, offering motorists some relief as fuel prices fluctuate. A petrol attendant at an NNPC filling station on Alfred Rewane Road in Ikeja confirmed that the lower pump price is now in effect. The latest reduction follows a recent adjustment by the Dangote Petroleum Refinery, which changed its petrol pricing in response to prevailing market conditions.
