As at today, 10th May 2025, petroleum depot prices across Nigeria’s major supply corridors showed slight but notable fluctuations between 5th and 9th May weekly review.
This review tracks the pricing patterns for Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Aviation Turbine Kerosene (ATK), and Liquefied Petroleum Gas (LPG) from Dangote Refinery, Dockyard, Coconut, Satellite, Delta, Port Harcourt, and Calabar depots.
These changes reflect ongoing adjustments influenced by logistics, demand trends, supply disruptions, and regional refinery output.
Dangote Refinery Prices: 5 – 9 May 2025
- PMS: ₦839 → ₦830
- AGO: ₦940 → ₦930
- LPG: ₦899 → ₦905
- ATK: ₦1,000 → ₦975
PMS and AGO witnessed slight downward movements. ATK dropped significantly by ₦25, while LPG saw a marginal increase—indicating improving supply or increased uptake.
Dockyard Axis Depot Prices
PMS:
- Aiteo: ₦840 → ₦840
- Nipco: ₦842 → ₦842
AGO:
- Nipco: ₦955 → ₦945
- Aiteo: ₦940 → ₦913
LPG:
- Nipco & Ardova: ₦975 → ₦965
Stable PMS prices but notable reductions in AGO and LPG hint at cost-based adjustments or supply balancing.
Coconut Axis Depot Prices
PMS:
- Bovas: ₦838 → ₦836
- MRS Tincan: ₦838 → ₦836
AGO:
- Ibeto: ₦940 → ₦920
- Ibachem: ₦940 → ₦923
ATK:
- Duport: ₦1,030 → ₦1,030
PMS and AGO posted mild declines; ATK held firm throughout the week.
Satellite Axis Depot Prices
PMS:
- AA Rano: ₦838 → ₦837
- Menj: ₦840 → ₦837
AGO:
- Mao: ₦940 → ₦910
- Chipet: ₦945 → ₦913
ATK:
- Rain Oil: ₦1,045 → ₦1,036
Minor drops across the board suggest tighter market liquidity in this region.
Delta Depot Price Movement
PMS:
- Pinnacle: ₦859 → ₦854
- Matrix Warri: ₦860 → ₦855
- Shafa: ₦860 → ₦854
- First Fortune: ₦860 → ₦855
AGO:
- AYM Shafa: ₦983 → ₦958
- Pinnacle Warri: ₦983 → ₦958
- Taurus: ₦984 → ₦959
- Parker: ₦983 → ₦958
ATK:
- Matrix Warri: ₦1,010 → ₦1,010
The Delta axis saw across-the-board declines for PMS and AGO, with ATK remaining stable, possibly due to constant industrial demand.
Port Harcourt Depot Prices
PMS:
- Liquid Bulk: ₦870 → ₦865
- SIGMUND: ₦868 → ₦865
- EVER: ₦870 → ₦866
AGO:
- Bulk Strategic: ₦997 → ₦986
The coastal depots in Port Harcourt maintained competitive pricing with slight corrections.
Calabar Depot Price Summary
PMS:
- Fynefield: ₦872 → ₦869
- Mainland: ₦874 → ₦870
- Alkanes: ₦872 → ₦869
Minor price drops observed in PMS show a trend consistent with national averages. Supply channels into the South-South region appear efficient.
Market Outlook & Industry Insight
The week ending 9th May 2025 revealed a bearish outlook for AGO, largely influenced by surplus inventories and reduced off-take. PMS remained relatively stable in most regions but saw small dips tied to logistics delays and competitive pricing.
LPG made slight gains at Dangote, while ATK experienced mixed outcomes—declining in key aviation hubs like Satellite but holding firm in Coconut and Delta.
As Dangote Refinery continues scaling production, more price adjustments are expected across the downstream value chain. Marketers and haulage firms must monitor these trends to optimise stock planning and pricing.
Stakeholders expect the NMDPRA to maintain regulatory vigilance, ensuring fairness, product quality, and open market competitiveness as the deregulated regime stabilises.