Petrol Prices: Top 10 depots push petrol above N1,290/Litre
By Eyo Nsima
The price of Premium Motor Spirit (PMS), popularly known as petrol, remained elevated across major Nigerian oil trading centres yesterday, with some depots selling above N1,300 per litre.
A mid-day market report for Thursday, September 3, 2026, showed that the highest PMS price among the monitored depots was N1,310/litre, recorded at Stockgap in Port Harcourt and Optima in Warri.
This was followed by Nepal Depot in Warri at N1,309/litre, while Pivot Depot in Lagos sold at N1,295/litre.
The top 10 highest PMS prices recorded were:
Stockgap, Port Harcourt — N1,310/litre
Optima, Warri — N1,310/litre
Nepal, Warri — N1,309/litre
Pivot, Lagos — N1,295/litre
Integrated, Lagos — N1,290/litre
Sahara, Lagos — N1,290/litre
Ascon, Lagos — N1,290/litre
A.A Rano, Lagos — N1,277/litre
Liquid Bulk, Port Harcourt — N1,275/litre
Masters, Port Harcourt — N1,275/litre
The latest figures indicate continued volatility in the downstream petroleum market, particularly as several depots recorded increases from their previous prices.
In Port Harcourt, Stockgap’s PMS price jumped by N40/litre, from N1,270 to N1,310/litre. Liquid Bulk, Masters and Sigmund each increased by N5/litre to N1,275, while TSL rose by N8/litre to the same level.
In Warri, Optima recorded the biggest increase among the monitored PMS depots, rising by N35/litre from N1,275 to N1,310/litre. Nepal increased by N29/litre to N1,309, while Prudent dropped by N15/litre to N1,275.
Lagos also recorded upward movements, with Pivot increasing by N25/litre to N1,295, while Integrated and Sahara rose by N20/litre each to N1,290.
Meanwhile, some major Lagos suppliers maintained relatively stable prices. Dangote remained at N1,266/litre, MRS edged up by only N1 to N1,267, while NIPCO stayed at N1,270 and Pinnacle at N1,268.
The divergent depot prices could further widen the disparity in petrol prices across different parts of the country, depending on transportation costs, location, supply availability and prevailing wholesale market conditions.
The data also showed substantial volatility in Automotive Gas Oil (AGO), otherwise known as diesel.
In Lagos, Sahara recorded the highest listed AGO price at N1,850/litre, while in Port Harcourt, Sahara was quoted at N1,950/litre. In Warri, Matrix sold AGO at N1,940/litre, while Prudent increased its price by N45 to N1,845/litre.
The continued movement in depot prices remains significant for consumers because changes at the wholesale level can eventually feed into retail pump prices, particularly where marketers adjust their margins to reflect higher replacement costs.
