Depot prices for petrol (PMS) and diesel (AGO) rose across several Nigerian fuel hubs this week, as uncertainty over first-quarter import licences left multiple jetties vacant and tightened available supply, according to depot price data and shipping records reviewed by Petroleumprice.ng.
A comparison between Monday, 19 January, and Wednesday, 22 January, shows selective but notable price increases, particularly in Lagos, Warri, and Port Harcourt, highlighting concerns that delayed licence issuance is constraining inflows.
PMS
Lagos Depots
- Shellplux remained unchanged at ₦725.
- Other major marketers (Rainoil, Eterna, Pinnacle) held flat at ₦800, showing resistance at higher price levels.
Signal: Recent upticks reflect heightened supply concerns, while the move to ₦800 across multiple depots points to a possible emerging market benchmark.
Warri Depots
- Matrix surged from ₦752 to ₦770 (+₦18)
- Optima climbed from ₦752 to ₦770 (+₦18)
- Zamson advanced from ₦751 to ₦770 (+₦19)
- A&E inched up from ₦750 to ₦751 (+₦1)
Signal: The Warri spike reflects acute supply tightness, consistent with limited jetty activity and delayed replenishment.
AGO
Lagos Depots
- Aipec jumped from ₦908 to ₦925 (+₦17)
- Duport rose from ₦911 to ₦922 (+₦11)
- Rainoil increased from ₦911 to ₦930 (+₦19)
- Nipco climbed from ₦920 to ₦940 (+₦20)
Signal: Multiple double-digit increases point to tightening diesel supply, particularly among independent marketers.
Port Harcourt Depots
- Bulk Strategic jumped from ₦951 to ₦972 (+₦21)
- Aradel entered at ₦955, above most January benchmarks
Signal: Rising AGO prices mirror limited product arrivals into the eastern corridor.
Vacant Jetties Highlight Import Disruptions
Shipping data show widespread jetty vacancies as of 21 January 2026, largely due to the non-issuance of Q1 import licences, limiting vessel nominations.
Vacant Jetty Count by Region
Lagos Jetties:
- SINGLE BUOY MOORING (SBM) – Vacant
- NEW ATLAS COVE JETTY (NACJ) – Vacant
- APAPA SINGLE POINT MOORING (ASPM) – Vacant
- BULK OIL PETROLEUM JETTY (BOP) – Vacant
- NEW OIL JETTY (NOJ) – Vacant
- PETROLEUM WHARF APAPA (PWA) – Vacant
- Private Jetties: IBAFON Berths 1 & 2, AIPEC Jetty 1 & 2, Integrated Jetty, AA Rano Jetty, Bond Global, Rainoil, Puma/Wabeco, Deep Water, Menj Oil, Julius Berger/Joeseph Dam, Nispan/Folawiyo – Vacant
- FATGBEMS, EMADEB, CHIPET, WOSBAB, Lister/NAVGAS, Index, Kris Oil, DeeJones, Heyden (Ijora), Techno Oil, Chisco, Obat, Pinnacle CBM/SBM, Dangote Refinery, Lekki – Vacant
- NISPAN OR FOLAWIYO JETTY – Not operational
Port Harcourt Jetties:
- ONNE JETTY: Federal Ocean Terminal (FOT) – Vacant
- Liquid Bulk Jetty – Vacant
- Macobar Jetty (Bitumen) – Vacant
- ONNE JETTY: Federal Lighter Terminal (FLT) – Vacant
- Okrika Jetty, Inner B – Vacant
- Akar Base Jetties (Petrostar, Delmar) – Vacant
- Masters Energy Jetty 1 – Vacant
- NPA Berth 1/5/6/7/8 – Vacant
- Kidney Island, Avidor, Stock Gap 1 & 2, Shore Link – Vacant
Warri Jetties (Private & Refinery):
- Blacklight, A&E Resources, Awaritse, Rain Oil, Taurus (Koko), Cybernetics, Optima (Koko), Ringardas (Sapele), Fradro (Oghara), Nepal (Oghara), Prudent (Oghara), Pinnacle, AYM Shafa, Parker, Othniel Brooks, Sharon Koko/Dutches, Total (Koko), Bob & Sil (Koko), Cargo Berth 1 & 2 Warri Refinery, New RoRo Port – Vacant
Calabar Jetty:
- NNPC Jetty – Vacant
Market Signal: Empty jetties across all major hubs confirm suppressed import activity, reinforcing supply-side pressure.
Market Read-Through
Price movements between 19 and 22 January indicate depot operators are pricing in supply risk, especially for diesel and Warri-linked PMS markets. While some locations recorded marginal pullbacks, the broader pattern points to tight availability, not easing fundamentals.
Until first-quarter import licences are issued and jetty utilisation improves, depot prices are likely to remain firm or upward-biased, particularly in regions already showing acute supply strain.