The Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS) after a one-week suspension, raising the ex-depot price from N820 to N850 per litre. This 3.66% increase has sparked concerns about an imminent surge in pump prices across the country. The refinery, located in the Lekki Free Trade Zone, had previously halted petrol loading and instructed marketers to pause all payments, causing significant volatility in the downstream market.

Despite the resumed sales, the majority of Nigeria’s petrol consumption—over 71% in May and June 2025—was still met through imports, highlighting the continued reliance on foreign supplies even with the $20 billion Dangote facility in operation. Only 28.62% of the country’s fuel came from the local refinery, putting pressure on forex reserves and raising questions about the pace of domestic fuel availability.

Meanwhile, depot prices across Lagos and other key locations have shown marginal fluctuations. Major depots such as Pinnacle, Aiteo, and MRS Tincan are selling at N855, while Zamsom, Parker, and A&E recorded N859. Nipco Lagos, Matrix Warri, and Prudent Lagos maintained prices at N860, suggesting a cautious market response as stakeholders await further clarity on price direction.