As depot prices crash across Nigeria, five states are emerging as leaders in offering the cheapest petrol at the pump. Lower ex-depot prices, increased competition, and fresh supplies from Dangote Refinery are driving this downward trend.
Here’s a forecast of the top five states where motorists will likely enjoy the lowest fuel prices in the coming days:
1. Lagos State: Dangote Supply Pushes Down Prices
Lagos leads with depot prices from Dangote fixed at ₦838 per litre. Filling stations in areas like Igando and College Bus Stop now sell for ₦863–₦890. With coastal terminals well stocked, prices are expected to fall further this week.
At Eunice Ato Filling Station, Igando, petrol is currently priced at ₦863 per litre.
2. Ogun State: Lower Transport Costs Make a Difference
Ogun enjoys proximity to Lagos depots like Aiteo, Pinnacle, and Sahara. These depots currently sell PMS between ₦839 and ₦845. Filling stations in Ifo and Abeokuta are dropping prices accordingly. Expect pump prices to dip near ₦850 per litre soon.
At World Oil Filling Station, Ibara, Abeokuta, petrol sells for ₦890. Across Ogun State, prices now range between ₦880–₦900.
3. Oyo State: Inland Routing Gains Momentum
Improved routing from Lagos and Delta depots brings PMS into Oyo at lower costs. Depots like Prudent and Matrix price petrol around ₦856–₦870. Ibadan and Ogbomoso filling stations are adjusting prices fast, and many already sell below ₦860.
For example, Bovas Filling Station in Ibadan lists PMS at ₦899. Statewide, prices now hover between ₦880–₦900.
4. Delta State: Warri Depots Keep Prices Low
In Delta, depots such as Matrix and AA Rano supply petrol at ₦865 per litre. Tankers offloading at Matrix Jetty ensure strong local availability. As supply improves, pump prices in Effurun and Warri may drop to ₦855–₦860.
Currently, the NNPC Filling Station on Refinery Road, Warri, sells petrol for ₦930, with local pump prices ranging between ₦900–₦950.
5. Rivers State: Port Activity Keeps Prices in Check
In Rivers, fresh PMS cargoes arriving at SALBAS and Shorelink Jetties push depot prices below ₦870. Retail stations in Port Harcourt are responding. With stable terminal operations, pump prices could fall below ₦865 this week.
At Restopark Oil & Gas, Rumuola, Aba Expressway, PMS currently sells for ₦930, while stations in the area show a range of ₦900–₦950.
Final Outlook
Nigeria’s depot price crash signals real savings for motorists. Dangote Refinery and other key suppliers now anchor PMS prices at ₦838–₦845. If this trend holds, more states may join this low-price league. Expect stronger price competition across Nigeria’s downstream sector in the days ahead.