The Dangote Petroleum Refinery has intensified its petrol distribution efforts across Nigeria using Compressed Natural Gas (CNG)-powered trucks, supplying Premium Motor Spirit (PMS) at ₦850 per litre.
Findings by BSGISTNEWS on Wednesday revealed that the use of CNG trucks has enabled the 650,000 barrels-per-day refinery to sustain nationwide supplies, even as the Nigerian National Petroleum Company Limited (NNPCL) raised its depot price from ₦850 to ₦900 per litre.
Chief Executive Officer of Petroleumprice.ng, Olatide Jeremiah, confirmed that depot prices have surged, with petrol now selling between ₦870 and ₦900 per litre at key depots in Lagos and Calabar, marking a steady rise over the past week.
“In Lagos, where most private depots depend on imported supply, prices remain elevated,” Jeremiah said. “Aiteo and Pinnacle depots sold at ₦890 and ₦870 per litre, while Integrated Oil and Gas priced petrol at ₦870 per litre.”
In Calabar, Matrix Energy and Northwest Petroleum sold at ₦890 and ₦880 per litre, while Sobaz Depot recorded the month’s highest price at ₦900 per litre.
Jeremiah added that depot prices may decline once the Dangote Refinery fully completes rehabilitation, given its potential to stabilize domestic fuel supply.
Meanwhile, retail petrol prices have climbed by 6.8%, rising from ₦890 to ₦955 per litre in major cities. Stations operated by NNPCL and independent marketers in Lagos and Abuja dispensed petrol within the ₦900–₦955 per litre range.
Across Abuja, petrol marketers raised pump prices by over ₦50 per litre, mirroring NNPC’s latest depot price hike. For instance, Adova Plc increased its price from ₦899 to ₦945, while AYM Shafa raised its pump price from ₦910 to ₦955.
At independent outlets, the increase was even sharper; RYBN Station along Nyanya-Karshi Road sold at ₦997 per litre, up from ₦920 the previous week.
Speaking to Vanguard at AYM Station in Karu, a motorist, John Ogaba, expressed frustration over the rising prices.
“The situation is getting out of control,” he lamented. “We had hoped that Dangote’s direct CNG truck supply would cut costs and lower prices, but instead, the prices keep rising.”
