Private depot owners across Nigeria have begun quoting petrol at roughly N1,200 a litre, marketers said Thursday, after Dangote Petroleum Refinery suspended gantry loading, according to findings by BusinessDay.
A survey by Petroleumprice.ng, an authoritative digital platform for petroleum pricing, downstream industry news, and marketplace services in Nigeria, showed depots in Lagos, Warri, Port Harcourt and Calabar have moved Premium Motor Spirit (PMS) prices to between N1,200 and N1,230 a litre on Thursday.
Dangote halted product loading at about 4 p.m. Wednesday, the digital platform said in a note seen by BusinessDay.
The practical effect is likely to be felt within days at the pump, as filling stations that draw from Lagos, Warri, Port Harcourt and Calabar depots pass on the higher landing costs.
“When the gantry goes quiet, everybody down the chain starts marking up,” said one Lagos-based depot operator, who asked not to be named because he was not authorised to speak publicly. “Nobody wants to be caught selling old stock at old prices when the replacement cost resets higher.”
