According to Vanguard, a CBN-linked macro projection suggests petrol could average around N950 per litre, reflecting a model-driven outlook shaped by exchange rates and supply costs. (more…)
Tag: Pump Price
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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
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N739/Litre Dangote Petrol Sparks Rush at MRS Stations
Photo Credit: The Punch
2025-12-25 09:20:00As detailed by The Punch, the sale of Dangote-refined petrol at about N739 per litre at some MRS outlets triggered long queues, as motorists sought cheaper fuel amid higher prevailing pump prices elsewhere. The rush reflects both price sensitivity and the market’s hunt for stable supply points.
The report suggests queues built quickly in locations where the N739 pricing was visible, with customers traveling between stations to confirm availability—typical behavior in Nigeria’s downstream market when a meaningful price gap opens.
The development also highlights distribution reality: price reductions can create localized demand spikes that supply logistics may struggle to match in the short term, raising the risk of stockouts and opportunistic price deviations.
On validation, Nairametrics reported a monitoring push, quoting a call to “report any MRS station selling above N739 per litre,” while Vanguard captured commuter reactions describing the pricing move as a “laudable intervention” and “timely relief” amid cost pressures.
Echotitbits take: Cheap fuel without stable volume quickly becomes chaos. Watch whether supply scales (more stations, more trucks, steadier replenishment) and whether regulators/marketers enforce price discipline to stop “N739 on paper, N850 at the nozzle.”
Source: The Punch — December 25, 2025 (https://punchng.com/n739-litre-dangote-petrol-causes-queues-at-mrs-stations/)
The Punch 2025-12-25
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NNPCL Imports Lift Petrol Supply to 71.5m Litres/Day as Demand Softens in November
Photo Credit: The Nation
2025-12-10Figures 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 -
Nigeria’s Petrol Supply Jumps to 71.5m Litres Daily as Imports Rise
Photo Credit: Vanguard
2025-12-23 09:00:00Figures cited by Vanguard show Nigeria’s petrol supply rose sharply in November 2025, climbing to 71.5 million litres per day from 46 million litres per day in October.
The report attributes the spike largely to import volumes—especially shipments linked to NNPC—aimed at rebuilding inventory and preventing scarcity during end-of-year peak demand.
At the same time, regulators’ data suggest consumption also rose, reinforcing the view that the market remains supply-sensitive despite “price war” headlines and the gradual scaling of local refining.
The broader implication is that import dependence is still doing the heavy lifting whenever domestic production or distribution falls below demand thresholds.
Validation: The Punch notes, “The sharp increase… in November helped push total national PMS supply to a record 71.5 million litres per day.” Daily Post similarly reports that “total petrol supply in Nigeria rose to 71.5 million litres per day in November…”
Echotitbits take: Watch December/January inventory and whether supply stability translates into sustained pump-price discipline nationwide. Also watch refinery utilisation—because a supply surge powered by imports is not the same as energy security.
Source: Vanguard — December 23, 2025 (https://www.vanguardngr.com/2025/12/petrol-supply-rises-55-to-71-5m-litres-daily/)
Vanguard 2025-12-23 -
Dangote Refinery Urges Nigerians to Reject Petrol Prices Above ₦739/Litre
Photo Credit: The Punch
2025-12-23 09:00:00In 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 -
Dangote petrol rollout: ₦739/litre hits MRS outlets as supply test begins
Photo credit: The Punch
2025-12-22 09:00:00In an update published by *The Punch*, Dangote Refinery has begun a nationwide petrol price rollout tied to its distribution arrangement with MRS Oil outlets, putting pump price at about ₦739 per litre in participating stations.
The move is being positioned as a stabilisation push—aimed at reducing downstream volatility, narrowing price dispersion across regions, and increasing locally refined supply into retail channels.
Market watchers say the real test will be continuity of supply and whether other marketers match the pricing—especially in high-transport-cost corridors where pump prices typically climb.
For consumers, the announcement lands as a pocketbook story: transport costs, food logistics, and small-business energy spending often respond quickly to fuel pricing shifts.
Channels TV reported Dangote’s statement that “Starting from Tuesday, MRS will start selling petrol at N739/litre,” while Vanguard also reported the refinery “commenced nationwide sales… at a pump price of N739 per litre” via MRS outlets.
**Echotitbits take:** This is not just a price headline—it’s a supply-chain stress test. Watch for (1) sustained volumes, (2) whether queues return, and (3) how regulators respond if pricing triggers new tension among marketers.
Source: The Punch — December 22, 2025 (https://punchng.com/dangote-launches-n739-litre-petrol-at-mrs-stations-nationwide/)
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Dangote partners move to N739/litre petrol as price-cut campaign widens
2025-12-15 08:00:00
According to The Punch, partners of the Dangote Petroleum Refinery including MRS are set to begin retailing petrol around ₦739 per litre, following a reduction in the refinery’s ex-depot price and renewed pressure to reflect lower costs at the pump.
The report says Aliko Dangote argued that some outlets keep prices elevated even after gantry cuts, and that the refinery will push supply and enforcement—starting with partner stations—to make the new pricing regime visible to consumers.
Punch also reports Dangote raised concerns about the issuance of import licences and warned that continued large-scale imports could undercut local refining investments, especially as refineries scale output into 2026.
Analysis/Echotitbits take: If the pump price resets stick, it will test how quickly pricing transmits from depot to retail and how regulators manage imports versus local supply. Watch for independent marketers’ adoption rate, regional pricing gaps, and any policy moves on import licences or crude allocation.
Source: The Punch — December 15, 2025
The Punch https://punchng.com/dangote-names-n739-as-new-petrol-pump-price/ December 15, 2025