The Major Energies Marketers Association of Nigeria (MEMAN) has released an update on petrol prices across depots in Nigeria. According to data from MEMAN, the average gantry price for Premium Motor Spirit (PMS) remained stable at N1,275 per litre, unchanged from the previous week. However, import parity estimates for petrol have risen sharply, reflecting the surge in global crude oil prices, which have climbed above $108 per barrel for Brent crude.
Diesel and Aviation Fuel Prices
Diesel (AGO) prices have strengthened to around N1,750 per litre at import parity spot estimates, while Dangote gantry pricing for diesel is close to N1,800 per litre. Coastal supply levels for diesel are notably lower at approximately N1,443 per litre, indicating significant markups between different logistics and delivery points. Aviation fuel (ATK) prices show mixed movements, with import parity spot values hovering near N1,679 per litre, while Dangote gantry prices are closer to N1,650 per litre. This suggests that jet fuel pricing is near parity, with slight deviations based on supply chain and financing assumptions.
Domestic Gantry Prices
The current domestic gantry prices for refined petroleum products are as follows:
- PMS: N1,275.00 per litre
- AGO: N1,800.00 per litre
- ATK: N1,650.00 per litre
Petrol Prices at Depots
Data from Petroleumprice.ng provides a breakdown of the latest petrol prices at various depots as of May 20, 2026. In Lagos, prices range from N1,277 to N1,278 per litre at depots such as African Terminal, Aiteo, Ardova, Ascon, Bono, Dangote, Heyden, Integrated, Sahara, and Techno Oil. However, some depots like Duport, Emadeb, Menj, and Swift list prices at N1,802 to N1,805 per litre. In Port Harcourt, prices vary from N1,305 to N1,850 per litre, with depots like Aradel, Bulk Strategic, Matrix, Sigmund, and T.S.L. In Calabar, prices are around N1,295 to N1,300 per litre. Warri depots show a wide range from N1,289 to N1,855 per litre.
NNPC Petrol Price
Earlier, Legit.ng reported that the Nigerian National Petroleum Company Limited (NNPCL) reduced its petrol price to N1,255 per litre, down from N1,330, following a similar reduction by Dangote Refinery, which slashed its gantry price by N85 to N1,200 per litre. These adjustments come amid fluctuating global crude oil prices and ongoing market dynamics.
