Diesel prices across Nigeria are trading on mixed a rate on Wednesday, January 14, 2026, as Brent crude oil hovered close to the $67 per barrel benchmark, triggering cautious but strategic pricing at major fuel depots. With Brent trading around $66.70 per barrel, depot operators reacted differently, reflecting supply strength, stock levels and replacement cost expectations rather than a uniform market response.
From Lagos to Port Harcourt and Warri, the diesel (AGO) market showed clear contrasts sharp price gaps in Lagos, relative calm in Port Harcourt and outright stability in Warri highlighting how location continues to shape fuel pricing in Nigeria.
Lagos diesel depots split between high and low sellers
Lagos remained the epicentre of price action, posting the widest spread in diesel depot prices. At the top of the market, Wosbab and Menj closed at ₦940 per litre, the highest prices in the Lagos axis.
Just below them, Duport sold AGO at ₦935 per litres, earlier today while mid-to-lower-priced depots dominated volume plays. Pinnacle closed at ₦916, and Ibachem, Ibeto, and A.A. Rano sold at ₦915 per litre.
This created a ₦25 price gap within the same Lagos market, underlining aggressive pricing by some sellers and competitive discounting by others. Market sources say higher-priced depots priced ahead of anticipated replacement costs, while lower-priced sellers focused on turnover and customer retention.
Port Harcourt diesel prices stay relatively steady
In Port Harcourt, diesel prices remained relatively steady, despite noticeable differences between depots. Bulk Strategic closed AGO sales at ₦982 per litre, up from 945 earlier today, while Masters sold at ₦945 per litre.
Traders described the axis as calm, noting that price movements reflected individual depot strategies rather than broad market pressure. The stability suggests balanced supply conditions in the region, even as Brent crude oil continued to edge higher.
Warri depot prices remain unchanged
The Warri diesel market showed no signs of volatility. Matrix maintained its price at ₦950 per litre, while Edo Refinery held firm at ₦955 per litre, unchanged from previous sessions.
Industry players attributed the flat pricing to steady product availability and minimal urgency to reprice, despite global crude oil movements.
Overall, diesel prices in Nigeria are showing volatile mixed signals, with Lagos driving volatility, Port Harcourt remaining relatively steady and Warri staying flat. As Brent crude oil nears $67 per barrel, analysts expect depot prices to continue moving selectively rather than uniformly, keeping buyers alert and negotiations active across the downstream market.