The price of petrol and other refined products changed across depots as crude oil prices shifted in the international markets.
Data obtained from the Major Energies Marketers Association of Nigeria (MEMAN) revealed that in the downstream market, petrol gantry prices averaged N1,275 per litre from the previous price of N1,195.02/L.
However, there was a higher landing cost pressure on PMS at import parity estimates, with N1,212.75 per litre (30-day average) versus N1,362.55 and N1,361.54 per litre recorded as spot price at ASPM and NPSC jetties.
Dangote’s gantry price is listed at about N1,275 per litre, and coastal estimates are near N1,215 per litre, indicative of a discount toward the upper end of import parity estimates.
For diesel (AGO), import parity spot estimates at the jetties are near N1,750 per litre, while Dangote gantry pricing is close to N1,800 per litre. Coastal supply levels are markedly lower at nearly N1,443 per litre, revealing considerable markups between various logistics/delivery points.
In aviation fuel (ATK), import parity spot values hover near N1,679 per litre; Dangote’s gantry prices are closer to N1,650 per litre, indicating that jet fuel pricing is at near parity with slight deviations to both sides based on supply chain and financing assumptions.
