downstream sector

Lagos depot owners have withheld sales across major depot hubs as the landing cost of Premium Motor Spirit (PMS) climbs to ₦1,311 per litre, with operators reassessing replacement costs and anticipating further pressure on petrol prices

Soroman Depot in Calabar is set to receive 16,922.98 metric tonnes of Premium Motor Spirit (PMS), adding a substantial volume of petrol to the facility’s supply capacity and strengthening its position in the competitive downstream petroleum market

Aliko Dangote’s plan to build a 700,000-barrel-per-day refinery in Kenya is moving towards construction, but the project faces a fundamental question over how it will secure enough crude to sustain operations once completed

Nigeria’s petrol market is facing renewed pricing pressure after the estimated landing cost of Premium Motor Spirit (PMS) rose to ₦1,311.36 per litre, widening the gap between import replacement costs and prevailing domestic wholesale prices.

Dangote Refinery may be forced to review its gantry price again if the recent rise in international crude oil benchmarks persists, as higher crude prices increase the replacement cost of petroleum products, industry sources have told Petroleumprice.ng

Nigeria spent ₦952.15 billion on petrol imports in the second quarter of 2026, despite increased domestic supply from the Dangote Petroleum Refinery, as the refinery’s growing confrontation with fuel importers over continued foreign petrol inflows intensifies.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is facing renewed scrutiny over ₦432.29bn in outstanding financial obligations, including ₦431.01bn in legacy debts owed by petroleum marketers.

The United States military claims it struck three Iranian crude oil tankers on Saturday, including one near Kharg Island, the terminal through which Iran shipped roughly 90 percent of its crude before the current conflict, adding further pressure to an export capacity already curtailed by a US blockade in place since mid April.

Nigeria’s downstream petroleum market recorded broad-based increases in depot prices between Monday, August 31 and Friday, September 4, 2026, with both petrol and diesel prices rising across key trading locations.

Diesel prices at some major Lagos depots have fallen to ₦1,790 per litre, putting them ₦60 below Dangote Petroleum Refinery’s new Automotive Gas Oil (AGO) gantry price of ₦1,850 per litre

Nigeria’s petrol landing cost has climbed to ₦1,314.67/litre, while diesel (AGO) stands at ₦1,850.66/litre, according to the Major Energies Marketers Association of Nigeria (MEMAN), putting fresh pressure on the domestic market as Brent crude approaches $100 per barrel amid renewed US-Iran hostilities and disruption around the Strait of Hormuz.

The Dangote Petroleum Refinery has increased the gantry price of Automotive Gas Oil, AGO, commonly known as diesel, by ₦100 per litre to ₦1,850. The new price takes effect from 12:00 a.m. on Friday, September 4, 2026, Petroleumprice.ng has gathered

Trucks loading Premium Motor Spirit (PMS) from the Dangote Refinery and Pinnacle Depot axis in Ibeju-Lekki, Lagos, are listed to incur N85,500 in loading-related expenses from September 2026, according to a fee schedule obtained by Petroleumprice.ng

A Federal High Court in Lagos has restrained the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) from shutting down, restricting access to or interfering with the operations of Dangote Petroleum Refinery in the Lekki Free Zone.

Dangote Petroleum Refinery and Petrochemicals is set to restrict the sale of Premium Motor Spirit (PMS) to major marketers holding valid petrol import licences, in a move that could further reshape Nigeria’s downstream supply market, inside sources have told Petroleumprice.ng.