Echotitbits – Nigeria News

Tag: Nigeria downstream

  • Petrol market tightens as depot owners raise ex-depot prices toward ₦800/litre

    Petrol market tightens as depot owners raise ex-depot prices toward ₦800/litre

    Reporting by Punch indicates private depot operators in Lagos have raised the ex‑depot price of petrol toward ₦800 per litre, a move that could ripple into higher retail pump prices if sustained.

    Traders and logistics players say the adjustment reflects supply uncertainty and financing/transport costs, while marketers watch whether the change will hold or ease as supply channels stabilise.

    TheCable quoted an industry source warning that “Prices will likely increase in the coming days,” even as another refinery source insisted “Production is still going on, of course.” Tell Magazine similarly noted that operators “increased the ex‑depot price of petrol to about N800 per litre.”

    If ex‑depot prices remain elevated, Lagos commuters and businesses may face another round of transport‑led inflation—so watch depot pricing, supply volumes, and any regulatory guidance.

    Echotitbits take: If ex‑depot prices remain elevated, Lagos commuters and businesses may face another round of transport‑led inflation—so watch depot pricing, supply volumes, and any regulatory guidance.

    Source: The Punch — January 4, 2026 (https://punchng.com/private-depots-hike-petrol-price-to-n800-litre-in-lagos/)

    The Punch January 4, 2026

    Photo Credit: The Punch

  • Port Harcourt refinery stays offline, but diesel evacuation continues — regulator

    Port Harcourt refinery stays offline, but diesel evacuation continues — regulator

    Photo Credit: The Punch
    2025-12-28 09:00:00

    In an update published by Punch, Nigeria’s downstream regulator said the Port Harcourt refinery remains shut but diesel (automotive gas oil) has continued entering the market via evacuations.

    The report attributes the ongoing diesel movement to regulator data, even as the facility remains under maintenance following a shutdown announced earlier in 2025.

    A DailyReport.ng write‑up stated “NMDPRA confirms 349,000 litres of AGO supplied daily,” while TheCable previously reported NNPC would shut the Port Harcourt Refining Company “for maintenance,” underscoring the continued stop‑start nature of domestic refining.

    Echotitbits take: This is a trust and transparency problem. If product evacuation is from existing stock, the public needs clear reporting on inventory, throughput, and maintenance milestones. Watch for NMDPRA’s daily/weekly supply dashboards and NNPC’s turnaround timelines.

    Source: The Punch — December 28, 2025 (https://punchng.com/port-harcourt-refinery-supplies-diesel-while-shut-nmdpra/)

    The Punch 2025-12-28

  • NNPCL Imports Lift Petrol Supply to 71.5m Litres/Day as Demand Softens in November

    NNPCL Imports Lift Petrol Supply to 71.5m Litres/Day as Demand Softens in November

    Photo Credit: The Nation
    2025-12-10

    Figures cited by The Nation show average petrol supply rose to 71.5 million litres per day in November 2025, up from 46.0 million litres per day in October.

    The report, citing the NMDPRA downstream fact sheet, also suggested consumption eased, with average daily use falling to about 52.9 million litres/day from 56.7 million litres/day the month before.

    Regulators linked the stock build to meeting peak festive demand and covering prior months’ shortfalls, describing NNPCL as the supplier of last resort.

    The Nation quoted the regulator: “The significant increase in PMS supply in November 2025 was on account of…” inventory and import reasons. The same report stated: “Imports by the NNPC, the supplier of last resort… to build inventory and supply further guarantee supply…”.

    Echotitbits take: Higher supply doesn’t automatically mean stable pump prices—distribution, FX and smuggling dynamics still matter. Watch whether queues truly disappear beyond major cities and whether local refining materially cuts imports in early 2026.

    Source: The Nation — December 10, 2025 (https://thenationonlineng.net/nnpcl-imports-boost-national-petrol-stock-to-71-5ml-d-in-november/)
    The Nation 2025-12-10

  • Dangote Refinery Urges Nigerians to Reject Petrol Prices Above ₦739/Litre

    Dangote Refinery Urges Nigerians to Reject Petrol Prices Above ₦739/Litre

    Photo Credit: The Punch
    2025-12-23 09:00:00

    In a consumer advisory cited by The Punch, Dangote Petroleum Refinery is urging Nigerians to stop buying petrol above ₦739 per litre, arguing that locally refined PMS should reach end-users at a lower price through its retail channels.

    The refinery says the goal is to prevent “middlemen pricing” from swallowing announced reductions, especially in high-demand corridors where price spikes often persist even after depot adjustments.

    It also introduced a reporting mechanism aimed at naming and shaming stations that sell above the advised ceiling, presenting the effort as consumer protection and market discipline.

    If the call gains traction, it could intensify downstream competition—pushing marketers to either match the price band or clearly justify premiums linked to logistics and location.

    Validation: Vanguard quoted the refinery saying, “We encourage Nigerians to avoid buying PMS… at ₦739 per litre… Report any MRS station selling above ₦739.” Legit.ng similarly quoted: “We encourage Nigerians to avoid buying PMS at inflated prices when locally refined fuel is available at N739 per litre.”

    Echotitbits take: This is a stress test of Nigeria’s retail transparency. Watch whether enforcement is consumer-led (hotlines + publicity) or regulator-led (monitoring + penalties), and whether rural/remote pricing remains a loophole.

    Source: The Punch — December 23, 2025 (https://punchng.com/stop-buying-petrol-above-n739-litre-dangote-tells-nigerians/)
    The Punch 2025-12-23