Petrol depot prices hit N1,950/litre, widen regional price gap
By Eyo Nsima
Petrol depot prices climbed as high as N1,950 per litre in some parts of Nigeria on Friday, September 4, 2026, as price disparities widened across Lagos, Port Harcourt, Calabar and Warri markets.
The latest mid-day price report showed that Sahara Depot in Port Harcourt recorded the highest PMS price at N1,950/litre, despite a N15 decline from N1,965/litre previously.
The development highlights the wide gap between depot prices in the different coastal markets, with some locations selling petrol at more than N600 per litre above the lowest reported Lagos price.
Among the 10 highest-priced depots monitored, Sahara, Port Harcourt, topped the table at N1,950/litre.
This was followed by a cluster of depots in Warri, where NIPCO, Prudent, Rain Oil and Zamson were all selling at N1,900/litre. NIPCO recorded the sharpest increase among the group, rising by N85/litre from N1,815, while Prudent gained N55/litre from N1,845.
Zamson also increased by N60/litre from N1,840, while Rain Oil remained unchanged at N1,900/litre.
The Warri market therefore recorded some of the strongest upward movements in the latest report, pointing to growing pressure on downstream petroleum-product prices in the region.
Other depots also recorded prices of N1,850/litre. These included Africanteminal, Ascon, Duport, Gulftreasure, Ibeto, Obat and T.Time in Port Harcourt.
In Lagos, however, the market remained significantly lower. Integrated and Sahara recorded N1,295/litre, while Pinnacle sold at N1,290 and Ascon at N1,292/litre.
NIPCO’s Lagos depot stood at N1,280/litre, while Dangote Refinery and MRS sold at N1,266 and N1,267 respectively.
The divergence was also reflected in the movement of prices. Pinnacle in Lagos recorded a N22 increase to N1,290/litre, while NIPCO gained N10 to N1,280. Integrated and Sahara each rose by N5 to N1,295.
Dangote’s price increased marginally by N1 to N1,266/litre, while MRS remained unchanged at N1,267.
In Port Harcourt, meanwhile, several depots recorded declines, including Duport, Ibeto and T.Time, each falling by N50 to N1,800/litre. Africanteminal, Ascon, Gulftreasure and Integrated also recorded N20 declines.
The latest figures suggest that the depot market is becoming increasingly fragmented, with significant differences in the cost of petrol depending on the location of supply.
With depot prices approaching N2,000/litre in some coastal markets, marketers may face increased pressure to adjust retail prices, particularly where transportation, logistics and other distribution costs are added.
The wide spread between the N1,266/litre recorded at Dangote in Lagos and N1,950/litre at Sahara in Port Harcourt represents N684/litre, underscoring the significant regional price imbalance in the downstream market.
Top 10 highest PMS depot prices — September 4
Rank Depot Location Current PMS
1 Sahara Port Harcourt N1,950
2 NIPCO Warri N1,900
3 Prudent Warri N1,900
4 Rain Oil Warri N1,900
5 Zamson Warri N1,900
6 Africanteminal Port Harcourt N1,850
7 Ascon Port Harcourt N1,850
8 Duport Port Harcourt N1,850
9 Gulftreasure Port Harcourt N1,850
10 Ibeto Port Harcourt N1,850
Prices are mid-day PMS depot prices reported for Friday, September 4, 2026.
