Private depots in Nigeria sell petrol below Dangote’s N799/litre, attracting customers seeking cheaper fuel amid rising refinery prices

Private depot owners across Nigeria are attracting more customers by selling petrol below Dangote Refinery’s recently raised ex-depot price.

Also read: Shell posts 11% profit rise despite lower oil prices

Dangote increased its Premium Motor Spirit (PMS) ex-gantry price from N699 per litre to N799 per litre in February 2026. The rise followed a December price cut from N828 to N699 per litre.

Some private depots now offer petrol below Dangote’s new price. In Lagos, Aiteo sells at N797, while Wosbab and Shellplux price PMS at N798 per litre. In Warri, Danmarna, Optima, Nepal, and Salbas offer petrol at N817 per litre.

Port Harcourt and Calabar see rates as low as N830 per litre, down from the previous average of N850.

Marketers say the pricing strategy reduces the need to travel long distances to lift petrol from Dangote Refinery, decentralising fuel supply and encouraging more activity at regional depots.

A similar trend is observed in diesel (Automotive Gas Oil) sales, where some private depots previously sold below Dangote’s ex-depot rate of around N908–N909 per litre.

While diesel prices have largely aligned with Dangote, marketers continue to spread purchases across multiple depots for flexibility and lower logistics costs.

Meanwhile, the Nigerian National Petroleum Corporation (NNPC) has raised the pump price of petrol again, reaching up to N892 per litre in Lagos, about N53 higher than Dangote Refinery partner prices.

Also read: Shell posts 11% profit rise despite lower oil prices

The move highlights growing competition in Nigeria’s fuel market, giving buyers more options and pressuring refinery-aligned prices.