Fuel Prices Hit ₦900 at Depots as Dangote Refinery Operations Slow Down

Petrol prices at private depots across Nigeria have surged to nearly ₦900 per litre, following ongoing operational delays and limited supply from the Dangote Petroleum Refinery. The development has intensified pressure on the downstream distribution network and heightened fears of a further price hike.

According to an operations insider, the refinery is currently functioning at a reduced capacity and has restricted truck loading as it completes ongoing maintenance and performance assessments. “Only a few loading tickets are being released for now until the review process is concluded,” the source disclosed.

As of Monday, October 13, 2025, market reports showed that Premium Motor Spirit (PMS) was selling between ₦870 and ₦900 per litre at major depots in Lagos and Calabar — a steady rise compared to the previous week.

In Lagos, most private depots reliant on imported fuel maintained elevated prices. Aiteo and Pinnacle sold at ₦890 and ₦870 per litre, respectively, while Integrated Oil and Gas matched the ₦870 mark.

Similarly, in Calabar, Matrix Energy and Northwest Petroleum pegged their depot prices at ₦890 and ₦880 per litre, while Sobaz Depot recorded the month’s highest rate of ₦900 per litre.

A depot marketer warned that if Dangote’s supply remains erratic, depot prices could surpass ₦900 in the coming days. “Marketers are already cutting back on liftings because the replacement costs are too high,” he said.