Petrol prices at private depots across Nigeria recorded slight declines in some markets between Monday, May 11, and Friday, May 15, 2026. The price of Premium Motor Spirit (PMS) remained largely stable nationwide, trading mostly between N1,278 and N1,300 per litre at major private depots.
Price Variations Across Depots
In Lagos, PMS prices at integrated depots, Ascon, and Bono depot dropped by N2 to N1,278 per litre. A.A Rano depot decreased from N1,285 to N1,280 per litre, while Aiteo maintained a steady price of N1,280 per litre. Diesel prices also fell sharply in Lagos, Warri, and Port Harcourt, with some depots recording cuts of up to N135 per litre.
Diesel Market Decline
The Automotive Gas Oil (AGO), commonly known as diesel, witnessed a decline at most depots due to softer demand. Rain Oil cut prices from N1,890 to N1,815 per litre. Menj recorded a drop from N1,900 to N1,815 per litre, while Aipec and Integrated reduced prices from N1,890 to N1,815 per litre.
Warri Records Highest Petrol Price Increase
In Warri, petrol prices moved higher during the week, making the city one of the most expensive locations to buy PMS. Prices at Matrix moved from N1,285 to N1,293 per litre, Nepal from N1,280 to N1,295, and Parker from N1,280 to N1,292 per litre. Despite the highest petrol prices, Warri depots had the sharpest drops in diesel costs nationwide. Rain Oil announced a cut on AGO from N1,950 to N1,815 per litre, a N135 drop, while First Fortune dropped by N74 from N1,888 to N1,814 per litre. Dammarna and Prudent also reduced prices to about N1,815 per litre.
Port Harcourt and Calabar Trends
In the Port Harcourt region, PMS had marginal declines, with the master depot dropping prices by N5 from N1,305 to N1,300 per litre, while Liquid Bulk and TSL maintained a constant price at N1,300 per litre. Diesel prices also dropped to N1,865 per litre at the Port Harcourt depot. Matrix and Sigmund had prices of N1,910 to N1,865 per litre. In Calabar, petrol price at Sobaz depot moved from N1,287 to N1,295 per litre, while Fynefield recorded an increase of N4 per litre from N1,290 to N1,294 per litre during the week.
NNPCL Petrol Prices
Earlier, the Nigerian National Petroleum Company Limited (NNPCL) reduced the cost of PMS at its retail outlets. The changes came three days after Dangote Refinery reduced its petrol gantry price by N85 to N1,200 per litre from N1,285. Petrol was then selling at N1,255 per litre, down from N1,330, representing a reduction of N75.
