Petroleum product prices across Nigerian depots experienced notable fluctuations between 14–18 April 2025, with Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Aviation Turbine Kerosene (ATK), and Liquefied Petroleum Gas (LPG) displaying varied trends across Dangote Refinery and major coastal depots such as Dockyard, Coconut, Satellite, Port Harcourt, Delta, and Calabar.
This pricing data, critical for stakeholders in Nigeria’s downstream oil sector, reflects changing market dynamics as influenced by supply logistics, vessel schedules, and demand across the regions.
Dangote Refinery Prices: 14–18 April 2025
The nation’s flagship refinery, Dangote, posted the following movement in ex-depot prices:
- PMS: Fell from ₦867 to ₦837
- AGO: Declined slightly from ₦991 to ₦980
- ATK: Remained stable at ₦1,000
This points to a mild bearish trend in diesel (AGO) and petrol (PMS), while aviation fuel (ATK) held steady, possibly due to regulated demand and limited supply chain variance.
Dockyard Axis: Depot Price Movement (14–18 April)
Depots at the Dockyard corridor notably Aiteo and Nipco recorded slight drops in product prices.
PMS:
- Aiteo: ₦862 → ₦849
- Nipco: ₦870 → ₦852
AGO:
- Nipco: ₦1,020 → ₦995
- Aiteo: ₦995 → ₦985
LPG:
- Nipco & Navgas: Held flat at ₦900 and ₦865 respectively
The consistent LPG prices reflect improved vessel-to-terminal logistics and stable supply at coastal depots.
Coconut Axis: Depot Price Movement (14–18 April)
PMS:
- Sahara: ₦865 → ₦845
- Bono: ₦865 → ₦850
AGO:
- Ibeto & Africa Terminal: Both dropped from ₦993 to ₦980
LPG:
- Techno Gas: Stable at ₦900
ATK:
- Sahara: Constant at ₦1,050
Here, diesel and petrol prices dipped amid increased berth activity, while LPG and aviation fuel remained unchanged.
Satellite Axis: Depot Price Movement (14–18 April)
PMS:
- AA Rano: ₦864 → ₦850
- Menj: ₦865 → ₦848
AGO:
- Mao: ₦994 → ₦976
- Menj: ₦994 → ₦978
ATK:
- Rain Oil: ₦1,045 → ₦1,040
Aviation fuel at Rain Oil reflected a slight ₦5 decrease, a signal of tightening regional jet fuel consumption.
Port Harcourt Depot Price Movement (14–18 April)
PMS:
- Masters: ₦877 → ₦875
- SIGMUND: ₦879 → ₦870
- EVER: ₦876 → ₦871
AGO:
- Bulk Strategic: ₦1,013 → ₦1,010
- Sahara Onne: ₦1,012 → ₦1,009
Despite being a major hub in the south-south, price drops were moderate, possibly cushioned by sustained demand from industrial buyers.
Delta Depot Price Movement (14–17 April)
PMS:
- Pinnacle: ₦872 → ₦865
- Matrix Warri: ₦872 → ₦870
- Parker: ₦872 → ₦868
- AYM Shafa: ₦873 → ₦870
AGO:
- AYM Shafa: ₦1,010 → ₦1,004
- Pinnacle: ₦1,010 → ₦1,004
- Taurus: ₦1,012 → ₦1,006
- Parker: ₦1,011 → ₦1,005
Delta depots saw uniform declines in both PMS and AGO, largely influenced by consistent product receipts from coastal barges.
Calabar Depot Price Movement (14–17 April)
PMS:
- Mainland: ₦870 → ₦868
- Alkanes: ₦870 → ₦865
- Sobaz: Unchanged at ₦865
AGO:
- Fynefield: ₦1,018 → ₦1,010
Minimal changes here suggest a stabilised supply chain in Nigeria’s eastern flank.
Market Outlook and Industry Insight
These depot trends highlight a slight downward movement in product prices across Nigeria’s coastal and inland depots. With Dangote’s refinery stabilising its production and product distribution, market watchers expect further pricing coherence in coming weeks.
Depot stakeholders, truck operators, and independent marketers are advised to track daily ex-depot pricing and vessel berthing activity to optimise procurement strategies. Meanwhile, regulatory bodies such as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) must sustain oversight to ensure price transparency and fair distribution.
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