As of today, 14th June 2025, depot prices across Nigeria continued to reflect mixed sentiments in the downstream petroleum market.
Moreover, the four-day review spanning 10th to 13th June witnessed modest upward adjustments in petrol (PMS) and diesel (AGO) prices across key depots.
In contrast, aviation fuel (ATK) and LPG prices largely remained stable or recorded slight corrections in select axes.
According to data from Petroleumprice.ng, the review covers pricing activity.
From major depots including Dangote Refinery, Coconut, Satellite, Dockyard, Delta, Port Harcourt, and Calabar.
Dangote Refinery Price Trends
PMS: ₦827.5 → ₦840
AGO: ₦955 → ₦955
LPG: ₦845 → ₦845
ATK: ₦962 → ₦962
Analysis:
Prices at Dangote Refinery remained stable for AGO, LPG, and ATK, reflecting a balanced supply situation.
The ₦12.5 rise in PMS could indicate tighter inventories or distribution logistics readjustments heading into mid-June.
Coconut Axis Depot Prices
Swift (PMS): ₦830 → ₦845
Ibeto (AGO): ₦960 → ₦996
Ibachem (AGO): ₦960 → ₦996
Africa Terminal (ATK): ₦1025 → ₦1020
Analysis:
PMS at Swift saw a ₦15 jump, aligning with broader national trends.
Meanwhile, the price of AGO surged by ₦36 at both Ibeto and Ibachem, likely due to increased industrial offtake.
ATK softened marginally by ₦5, suggesting brief demand contraction from aviation marketers.
Satellite Axis Depot Prices
Emadeb (PMS): ₦827 → ₦845
Menj (PMS): ₦825 → ₦850
Mao (AGO): ₦950 → ₦995
Wosbab (AGO): ₦960 → ₦996
Rainoil (LPG): ₦870 → ₦870
AA Rano (LPG): ₦870 → ₦870
Rainoil (ATK): ₦1020 → ₦1020
Analysis:
PMS prices increased notably, with Menj recording a ₦25 rise.
AGO rose steeply, pointing to localised tightness.
LPG and ATK remained stable, reflecting consistent product flow from jetties to end-distributors.
Dockyard Axis Depot Prices
NIPCO (PMS): ₦832 → ₦845
Aiteo (PMS): ₦826 → ₦840
NIPCO (AGO): ₦1025 → ₦1100
Ardova (LPG): ₦865 → ₦865
NIPCO (LPG): ₦870 → ₦865
Analysis:
The AGO spike of ₦75 at NIPCO was the most notable surge across all depots.
This week, likely tied to vessel delays or supply bottlenecks.
LPG was flat at Ardova but declined at NIPCO, hinting at possible oversupply or competitive repricing.
Delta Axis Depot Prices
Matrix Warri (PMS): ₦857 → ₦865
A&E (PMS): ₦850 → ₦860
Rainoil (PMS): ₦857 → ₦860
Edo Refinery (AGO): ₦940 → ₦995
Optima (AGO): ₦942 → ₦1000
Matrix Warri (AGO): ₦950 → ₦1100
Matrix Warri (ATK): ₦1010 → ₦1010
Analysis:
Furthermore, PMS gains of ₦5 to ₦10 were modest, but AGO witnessed sharp increases, particularly a ₦150 jump at Matrix Warri.
This surge may signal operational capacity constraints or increased off-take. ATK held steady.
Port Harcourt Depot Overview
Ever (PMS): ₦870 → ₦870
T.S.L (PMS): ₦867 → ₦870
Bulk Strategic (AGO): ₦945 → ₦1100
Masters (AGO): ₦943 → ₦1100
Analysis:
AGO prices shot up by over ₦150 at both Bulk Strategic and Masters, indicating a tightening supply chain in Rivers State.
Again, PMS was mostly unchanged, showing subdued market activity in petrol transactions.
Calabar Depot Summary
Fynefield (PMS): ₦870 → ₦867
Northwest (PMS): ₦870 → ₦865
Analysis:
A ₦2–₦5 decline in PMS in Calabar shows signs of oversupply or slower offtake in southeastern coastal zones.
No AGO or LPG prices were recorded for the period.
Market Insight and Outlook
Additionally, depot pricing from 10th to 13th June 2025 reflects steady-to-rising PMS and sharp upward movements in AGO, especially at Dockyard and Delta axes.
LPG held firm except for a minor dip at NIPCO, while ATK prices were unchanged in most depots.
With global crude oil trading around $78 and shipping activity stable at major jetties.
Depot prices are likely to remain under mild upward pressure next week.
Additionally, independent marketers are advised to track landing costs closely as deregulated pricing remains volatile in response to global cues and local logistics.