The Nigerian petroleum market saw notable price fluctuations across major depots and refining centres between 27th and 31st January 2025. While Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Liquefied Petroleum Gas (LPG), and Aviation Turbine Kerosene (ATK) experienced varying degrees of price changes, industry stakeholders monitored the trends closely.
Below is a detailed breakdown of the opening and closing prices recorded at Dangote Refinery and major depots across Dockyard, Coconut, Satellite, Port Harcourt, Delta, and Calabar.
Dangote Refinery Price Movements (27-31 January 2025)
Product
Opening Price (₦)
Closing Price (₦)
PMS (Petrol)
956
939
AGO (Diesel)
1090
1085
LPG (Cooking Gas)
945
940
ATK (Aviation Fuel)
1075
1095
Dockyard Axis Depot Prices
Premium Motor Spirit (PMS)
Depot
Opening Price (₦)
Closing Price (₦)
Aiteo
955
942
Nipco
960
952
Automotive Gas Oil (AGO)
Depot
Opening Price (₦)
Closing Price (₦)
Nipco
1085
1085
Liquefied Petroleum Gas (LPG)
Depot
Opening Price (₦)
Closing Price (₦)
Nipco
1005
1005
Navgas
1000
1025
Coconut Axis Depot Prices
Premium Motor Spirit (PMS)
Depot
Opening Price (₦)
Closing Price (₦)
Swift
958
944
Sahara
960
950
Automotive Gas Oil (AGO)
Depot
Opening Price (₦)
Closing Price (₦)
Ibeto
1089
1075
Sahara
1100
1078
Liquefied Petroleum Gas (LPG)
Depot
Opening Price (₦)
Closing Price (₦)
Techno Gas
1000
1005
Aviation Turbine Kerosene (ATK)
Depot
Opening Price (₦)
Closing Price (₦)
Duport
1115
1100
Africa Terminal
1115
1100
Satellite Axis Depot Prices
Premium Motor Spirit (PMS)
Depot
Opening Price (₦)
Closing Price (₦)
Wosbab
956
947
Chipet
958
947
Automotive Gas Oil (AGO)
Depot
Opening Price (₦)
Closing Price (₦)
Wosbab
1088
1070
Menj
1089
1070
Liquefied Petroleum Gas (LPG)
Depot
Opening Price (₦)
Closing Price (₦)
Rainoil
1000
1000
A.A Rano
1000
995
Aviation Turbine Kerosene (ATK)
Depot
Opening Price (₦)
Closing Price (₦)
Rainoil
1150
1100
Port Harcourt Depot Prices
Premium Motor Spirit (PMS)
Depot
Opening Price (₦)
Closing Price (₦)
Bulk Strategic
976
976
Matrix PH
972
970
Automotive Gas Oil (AGO)
Depot
Opening Price (₦)
Closing Price (₦)
Zamson
1099
1089
Delta Depot Prices
Premium Motor Spirit (PMS)
Depot
Opening Price (₦)
Closing Price (₦)
A.Y.M Shafa
975
970
Matrix Warri
975
970
Automotive Gas Oil (AGO)
Depot
Opening Price (₦)
Closing Price (₦)
A.Y.M Shafa
1093
1090
Prudent Oghara
1096
1088
Matrix Warri
1095
1090
Taurus
1092
1088
EDO Refinery
1098
1088
Optima
1093
1088
Liquefied Petroleum Gas (LPG)
Depot
Opening Price (₦)
Closing Price (₦)
Prudent Oghara
1120
1120
Matrix Warri
1125
1125
Aviation Turbine Kerosene (ATK)
Depot
Opening Price (₦)
Closing Price (₦)
Matrix Warri
1250
1250
Calabar Depot Prices
Premium Motor Spirit (PMS)
Depot
Opening Price (₦)
Closing Price (₦)
Alkanes
970
958
Sobaz
972
958
Zone4
970
958
The fluctuations in petroleum prices over the week highlight the ongoing volatility in Nigeria’s downstream sector. With PMS, AGO, LPG, and ATK experiencing price shifts, marketers and consumers alike remain watchful of future trends.
Innocent Precious is a writer with a keen eye on Nigeria’s oil and gas sector, economic policy, and downstream petroleum developments.
He translates complex industry trends, refinery operations, fuel pricing, tanker movements, and regulatory shifts into engaging, data-driven narratives.
His work blends analytical depth with clarity, producing SEO-optimised content that informs, educates, and captivates readers.
Passionate about storytelling, Goli Innocent bridges the gap between technical insights and public understanding, making the energy landscape accessible to all.
