Marketers Release New Petrol Prices on Tuesday As Brent Crude Hits $90
- Petroleum depot prices climbed at multiple locations across Nigeria on Tuesday, August 11, 2026, amid a rally in global crude oil prices
- Parker in Warri recorded the largest single increase of N48 per litre, pushing its petrol price to N1,230
- Diesel prices also moved higher at several Lagos and Warri depots, with some marketers raising rates by over N200 per litre
PAY ATTENTION: Find it fast with our new search feature at Legit.ng!
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.
Petrol depot prices rose across Nigeria's key petroleum hubs on Tuesday, August 11, 2026, as global crude oil prices pushed towards $90 per barrel, adding fresh cost pressure to the downstream fuel market.
Source: Getty Images
Data from multiple depots obtained by Petroleumprice.ng showed widespread price increases in Lagos, Port Harcourt, Calabar and Warri.
Parker in Warri recorded the highest single jump among listed marketers, raising its Premium Motor Spirit (PMS) price by N48 per litre to N1,230 from N1,182.
Sobaz in Calabar followed with a N40 increase to N1,220 per litre, while Matrix in Port Harcourt raised its rate by N35 to N1,230.
Petrol Depot Prices Across Key Hubs
In Lagos, Pinnacle moved its price up by N34 to N1,200 per litre, while Nipco added N14, bringing its rate to N1,180. African Terminal and Integrated each raised prices by N10 to N1,175 per litre.
Ardova held firm at N1,165 per litre, and Dangote Refinery kept its price unchanged at N1,166 per litre. MRS quoted N1,167 per litre, though no prior price was available for comparison.
Port Harcourt saw four depots, Bulk Strategic, Liquid Bulk, Masters and Sigmund, each raise prices by N27 to N1,217 per litre, while Matrix recorded the steeper N35 jump to N1,230.
Lagos
- Pinnacle: N1,200 per litre, up N34
- Nipco: N1,180 per litre, up N14
- African Terminal: N1,175 per litre, up N10
- Integrated: N1,175 per litre, up N10
Port Harcourt
- Bulk Strategic: N1,217 per litre, up N27
- Liquid Bulk: N1,217 per litre, up N27
- Masters: N1,217 per litre, up N27
- Sigmund: N1,217 per litre, up N27
- Matrix: N1,230 per litre, up N35
Warri
- Matrix: N1,230 per litre, up N20
- Nepal: N1,230 per litre, up N20
- Parker: N1,230 per litre, up N48
Calabar
- Sobaz: N1,220 per litre, up N40
Source: Getty Images
Diesel Prices Also Climb
The pressure extended to diesel.
At Lagos depots, Pinnacle's Automotive Gas Oil (AGO) price rose by N230 to N1,800 per litre, while Wosbab recorded the sharpest increase of N270, taking its diesel price from N1,580 to N1,850.
Duport added N150 to reach N1,750, and both Ibeto and Sahara moved to N1,750 from N1,700 and N1,600 respectively.
In Warri, Matrix raised diesel by N263 to N1,850 per litre, while Zamson increased its price by N278 to the same level.
NNPC new petrol prices
Earlier, Legit.ng reported that the Nigerian National Petroleum Company Limited (NNPCL) has reduced its retail pump price of Premium Motor Spirit(PMS) again.
This is the second drop in as many weeks, reflecting the changes in the global crude oil market.
While prices in Lagos were reduced from N1,210 to N1,170 a litre, motorists at the Abuja stations now pay N1,210 per litre, down from N1,260 per litre at NNPC stations.
Source: Legit.ng
