Petrol prices across major Nigerian depots have continued to vary, with some petroleum marketers quoting as much as N1,360 per litre, while the Dangote Petroleum Refinery's listed rate in Lagos remained lower at N1,348 per litre in the latest available market report.
The price differences highlight the changing dynamics of Nigeria's downstream petroleum market, where depot operators adjust their rates in response to supply costs, market conditions and competition.
According to a report published on October 15, 2026, by Legit.ng, which cited data from Petroleumprice.ng, Dangote Refinery increased its listed Lagos depot price by N6, moving from N1,342 to N1,348 per litre.
However, several other depot operators recorded different prices across Lagos, Port Harcourt, Calabar and Warri, reflecting variations in pricing across the country's major fuel distribution centres.
Petrol prices vary across major Nigerian depots
In Lagos, A.A. Rano reduced its petrol price by N3 to N1,346 per litre, while NIPCO lowered its rate by N1 to N1,345.
Emadeb also listed petrol at N1,345 per litre, while Integrated quoted N1,349. Matrix and Wosbab had their prices at N1,350 per litre.
The figures show that the Dangote Refinery's listed price of N1,348 was lower than the rates charged by some competing depot operators, although other marketers offered prices below the refinery's rate.
In Port Harcourt, Bulk Strategic and Stockgap listed petrol at N1,360 per litre, while Masters quoted N1,348.
Matrix, meanwhile, reduced its price by N10 to N1,350 per litre.
In Calabar, Mainland listed petrol at N1,360 per litre, while Matrix reduced its rate by N5 to the same price.
Petrol prices in Warri
Depot prices also varied in Warri, where Matrix increased its rate by N3 to N1,353 per litre.
Parker reduced its price by N2 to N1,348, while Keonamex, Rain Oil and Danmarna listed petrol at N1,350 per litre.
These differences mean that marketers and other fuel buyers may encounter varying depot prices depending on their preferred supplier and location.
The figures refer to depot-level prices and should not be confused with the final pump prices paid by motorists at filling stations.
What the price differences mean for Nigerians
The price gap between depot operators can influence the cost of purchasing petrol for filling station owners and independent marketers.
However, a lower depot price does not automatically guarantee that every filling station will immediately reduce its pump price.
Retail prices can also be affected by transportation expenses, distribution costs, operating expenses and the price at which a station obtains its supply.
The market remains competitive, with locally refined petrol playing an important role in the country's fuel supply chain.
For motorists, checking prices at nearby filling stations remains important because pump prices may differ from one location to another.
Why Dangote Refinery's price matters
The Dangote Petroleum Refinery has become a major participant in Nigeria's petroleum market, supplying locally refined products to marketers and competing with other sources of petrol.
Changes in its ex-depot or gantry price can influence the pricing decisions of other suppliers, although the extent and timing of any adjustment depend on market conditions.
The October 15 report showed that the refinery's Lagos depot price was N12 per litre below the N1,360 rates quoted by some marketers in Port Harcourt and Calabar.
Nevertheless, prices can change quickly, and the reported figures should be treated as a dated market snapshot rather than a guarantee of current prices nationwide.
Consumers and fuel retailers should confirm prevailing rates with their suppliers or nearby filling stations before making purchasing decisions.