As of today, 21st June 2025, depot prices across Nigeria continued their upward trend, with Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) recording notable hikes in several locations.
The five-day review spanning Monday 16th to Friday 20th June reflected increased tension in the international crude market and rising local transportation costs.
According to Petroleumprice.ng, this review covers major petroleum hubs across Dangote Refinery, Coconut, Satellite, Dockyard, Delta, Port Harcourt, and Calabar.
Dangote Refinery Price Trends
- PMS: ₦825 → ₦880
- AGO: ₦1,020 → ₦1,055
- LPG: ₦845 → ₦845
- ATK: ₦962 → ₦962
Analysis:
Dangote raised its PMS by ₦55, signalling tightening supply or logistics costs. AGO also increased slightly, while LPG and ATK prices remained unchanged.
Coconut Axis Depot Prices
- Swift (PMS): ₦845 → ₦920
- Ibeto (AGO): ₦996 → ₦1,048
- Ibachem (AGO): ₦996 → ₦1,048
- Bono (ATK): ₦1,020 → ₦1,020
Analysis:
Coconut depots posted significant price jumps. PMS rose by ₦75 at Swift, and AGO surged by ₦52 at both Ibeto and Ibachem. ATK remained stable at Bono.
Satellite Axis Depot Prices
- Emadeb (PMS): ₦845 → ₦915
- Rain Oil (PMS): ₦900 → ₦920
- Mao (AGO): ₦995 → ₦1,050
- Wosbab (AGO): ₦996 → ₦1,050
- Rain Oil (LPG): ₦870 → ₦890
- Rain Oil (ATK): ₦1,020 → ₦1,015
Analysis:
Satellite depots showed strong increases in PMS and AGO. Mao and Wosbab’s AGO rose by ₦55, while Rain Oil saw a slight ATK drop, possibly due to demand corrections.
Dockyard Axis Depot Prices
- NIPCO (PMS): ₦895 → ₦920
- Aiteo (PMS): ₦840 → ₦893
- NIPCO (AGO): ₦1,100 → ₦1,100
- Navgas (LPG): ₦870 → ₦880
- NIPCO (LPG): ₦865 → ₦900
Analysis:
Dockyard saw PMS increases and a moderate LPG climb. NIPCO’s AGO price held firm, pointing to steady supply despite rising PMS activity.
Delta Axis Depot Prices
- Matrix Warri (PMS): ₦910 → ₦925
- A&E (PMS): ₦860 → ₦920
- Rain Oil (PMS): ₦910 → ₦925
- Edo Refinery (AGO): ₦995 → ₦1,040
- Taurus (AGO): ₦1,050 → ₦1,045
- Matrix Warri (AGO): ₦1,100 → ₦1,050
- Matrix Warri (ATK): ₦1,010 → ₦1,010
Analysis:
PMS prices rose sharply, especially at A&E. AGO movement was mixed: Edo Refinery recorded a ₦45 rise, but Matrix Warri saw a ₦50 decline. ATK remained stable.
Port Harcourt Depot Overview
- Ever (PMS): ₦920 → ₦920
- TSL (PMS): ₦920 → ₦920
- Sigmund (PMS): ₦920 → ₦930
- Bulk Strategic (AGO): ₦1,120 → ₦1,100
- Masters (AGO): ₦1,105 → ₦1,120
- Stockgap (LPG): ₦925 → ₦950
Analysis:
Port Harcourt PMS held steady except at Sigmund, which rose ₦10. AGO saw slight up and down shifts, while LPG gained ₦25 at Stockgap.
Calabar Depot Summary
- Fynefield (PMS): ₦930 → ₦928
- Mainland (PMS): ₦920 → ₦935
- Hyde (PMS): ₦930 → ₦935
Analysis:
Calabar PMS prices remained fairly stable, with minor variations. Mainland and Hyde posted ₦15 increases, indicating steady off-take in the region.
Market Insight and Outlook
Depot price changes from 16th to 20th June 2025 suggest:
- A widespread increase in PMS, particularly in Coconut and Satellite axes.
- AGO prices spiked at multiple locations, driven by strong industrial demand and logistics costs.
- LPG mostly recorded modest gains, while ATK stayed flat, indicating stable aviation supply.
With Brent crude trading above $78 and regional conflicts causing nervousness in global markets, depot prices may stay elevated in the coming week. Marketers are advised to track vessel schedules and monitor landing cost adjustments as local demand tightens.
