New Fuel Prices Emerge at Filling Stations As Dangote Pauses Petrol Sales

• Independent filling stations have started adjusting their petrol pump prices in line with the changes by several depots
• A survey showed that only a few stations were selling below N870 per litre, which is offered by NNPC retail stations
• Reports also indicated that Dangote Refinery paused fuel sales temporarily for marketers, sparking price hike concerns

Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Several independent filling stations across Nigeria have adjusted their pump prices for Premium Motor Spirit (PMS), commonly known as petrol, amid price hikes by depots.

Checks by Legit.ng revealed that some filling stations had increased their petrol prices by N20 per litre, while others had increased by N10 per litre.

Interestingly, there are fuel station owners still selling below the rate offered by retail outlets of the Nigerian National Petroleum Company Limited (NNPC).

Read also

Petrol Price hikes loom as filling stations shut down, depot owners panic

Breakdown of new fuel prices in Nigeria

On Thursday morning, June 19, NNPC was still selling petrol at N870 per litre, while Dangote Refinery partners who directly lift the product from its facility, such as MRS and Ardova, fixed their pump prices slightly lower at N865.

Matrix, which previously sold at N870, increased its price to N880, while TotalEnergies are offering petrol at N875.

Petrocam matched TotalEnergies at N875, while Fatgbems is offering fuel at a retail price of N865, similar to MRS and Ardova.

Mobil and De Petroleum are selling the product at the highest observed rate of N890, indicating a N30 difference compared to the cheapest outlet, Seaman Liquid, which is selling petrol at N860.

Here is a snapshot of some fuel stations' prices on Thursday:

• NNPC – N870
• MRS – N865
• Ardova – N865
• Mobil – N890
• Matrix – N880
• De Petroleum – N890
• Seaman Liquid – N860
• TotalEnergies – N875
• Fatgbems– N865
• Petrocam – N875.

Read also

Fuel prices surge across Lagos, Abuja, others as geopolitical tensions drive crude oil costs higher

Dangote Refinery reportedly halts fuel sales

A new report has emerged indicating that Dangote Petroleum Refinery suspended fuel sales as of Tuesday, June 17, 2025.

According to Petroleumprice.ng, the decision has created uncertainty in Nigeria’s downstream oil sector and fears of price hike.

The supply halt, which continued through Wednesday, June 18, has sparked concern among depot owners and major fuel buyers.

Many anticipate that Dangote would resume sales at higher prices, potentially triggering immediate ripple effects across the supply chain.

In recent months, its pricing decisions have significantly shaped depot-level rates nationwide, especially in Lagos.

Currently, most depot operators are refraining from setting new prices, opting instead to wait for clearer market signals.

Diesel prices in Lagos have already surpassed the N1,000 mark, with even higher rates reported in other states due to additional logistics costs.

As of Wednesday, June 18, depot prices ranged between N875 and N920.

Read also

Dangote, Depot owners announce new petrol price as Isreal-Iran war causes oil price to rise

10 depot owners increase petrol prices

Earlier, Legit.ng reported that depot owners had adjusted petrol prices above N900 amid a rise in crude oil prices.

New data showed that at least 10 fuel depots were advertising petrol to marketers in the country at above N900.

Despite the increase by its competitors, Dangote Refinery maintained its pricing for marketers buying directly from the depot.

Proofreading by Bruce Douglas, copy editor at Legit.ng.

Source: Legit.ng