The Nigerian petroleum market displayed price fluctuations across various products and depot locations during the week of 13–17 January 2025. Below is an analysis of opening and closing prices for Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Liquefied Petroleum Gas (LPG), and Aviation Turbine Kerosene (ATK).
Dangote Refinery Prices
- PMS: Opened at ₦923 per litre and closed at ₦955.
- AGO: Opened at ₦1,100 per litre and closed slightly higher at ₦1,110.
- LPG: Maintained a steady price of ₦1,020 per litre throughout the week.
- ATK: Prices remained unchanged at ₦1,075 per litre.
Dockyard Axis Depot Prices
PMS:
- Aiteo: Opened at ₦950 and closed at ₦972.
- Nipco: Opened at ₦950 and increased to ₦980.
AGO:
- Nipco: Opened at ₦1,150 and closed at ₦1,200.
LPG:
- Nipco: Opened at ₦1,100 and decreased to ₦1,015.
- Navgas: Opened at ₦1,055 and closed at ₦1,025.
Coconut Axis Depot Prices
PMS:
- Swif: Opened at ₦950 and rose to ₦975.
- Sahara: Opened at ₦950 and closed at ₦970.
AGO:
- Ibeto: Opened at ₦1,148 and dropped to ₦1,100.
- Sahara: Maintained a steady price of ₦1,150.
ATK:
- Duport & Africa Terminal: Prices remained consistent at ₦1,120.
Satellite Axis Depot Prices
PMS:
- Wosbab: Opened at ₦950 and closed at ₦965.
- A.A Rano: Opened at ₦930 and increased to ₦960.
AGO:
- Wosbab: Dropped from ₦1,150 to ₦1,100.
- Rainoil: Declined from ₦1,150 to ₦1,140.
LPG:
- A.A Rano: Maintained a steady price of ₦1,050.
- Rainoil: Increased from ₦1,052 to ₦1,075.
ATK:
- Rainoil: Prices rose significantly from ₦1,100 to ₦1,150.
Port Harcourt Depot Prices
PMS:
- Bulk Strategic: Prices remained steady at ₦1,004 throughout the week.
AGO:
- Zamson: Declined from ₦1,117 to ₦1,110.
LPG:
- Stockgap: Dropped slightly from ₦1,142 to ₦1,132.5.
Delta Depot Prices
PMS:
- A&E: Opened at ₦943 and increased to ₦983.
- Rainoil Warri: Opened at ₦995 and dropped to ₦990.
AGO:
- A.Y.M Shafa, Prudent Oghara, Nipco Warri: Maintained steady prices of ₦1,150.
- Matrix Warri: Opened at ₦1,120 and decreased to ₦1,100.
- Taurus: Dropped from ₦1,118 to ₦1,108.
- EDO Refinery, Optima: Both decreased from ₦1,170 and ₦1,120 to ₦1,110.
LPG:
- Prudent Oghara, Matrix Warri: Both declined from ₦1,130 to ₦1,125.
ATK:
- Matrix Warri: Maintained a steady price of ₦1,250.
Calabar Depot Prices
PMS:
- Alkanes: Opened at ₦950 and closed at ₦1,000.
- Mainland, Sobaz, Zone4: Opened at ₦1,000 and closed at ₦1,005.
The week saw price increases for PMS across most depots, with Dangote Refinery and key depots experiencing significant upward trends. AGO prices displayed mixed trends, while LPG and ATK prices largely remained stable with minor fluctuations.
Such shifts highlight the ongoing adjustments in the country’s energy sector, driven by supply dynamics, market forces, and operational challenges.