Given the data from October 28 to November 1, we observe a gradual decline in PMS prices across various depots. If the trend continues, we can expect prices to hover within this established range:
Projected Lowest Price: 1020-1025 (following a slight decline from Coolspring’s rate of 1022 on Thursday and Friday)
Projected Highest Price: 1035-1045 (slight reduction from Fatgbems and Rainoil’s upper prices early in the week)
Factors such as demand fluctuations, supply chain stability, and regional stock levels will likely influence final prices.
AGO (Automotive Gas Oil) Price Projection
Analysing the weekly decline from Dangote Refinery and other depots, we see:
Projected Lowest Price: 1035-1040, following Dangote’s consistent low prices trending down.
Projected Highest Price: 1075-1085, given the highest rates are generally near 1080.
LPG (Liquefied Petroleum Gas) Price Projection
Prices have shown stability around 1130-1135, with a minimal decrease toward the week’s end.
Projected Lowest Price: 1120-1130 (similar to Navgas’ price drop to 1125)
Projected Highest Price: 1135 (steady, with minimal fluctuations)
ATK (Aviation Turbine Kerosene) Price Projection
Aviation fuel has had the most stable yet slightly varied pricing, with highs reaching 1225.
Projected Lowest Price: 1160 (Dangote’s steady rate)
Projected Highest Price: 1220-1225 (maintaining current highs from Total, Sahara, and Duport)
As the year moves to Yuletide, we anticipate slight price corrections, depending on market dynamics.