Dangote Refinery slashes ex-depot price to ₦828 per litre amid steady vessel traffic and increased end-of-year demand…
Nigeria’s Premium Motor Spirit (PMS) supply outlook has turned positive this week as new shipments recorded between November 10 and 11, 2025, signal renewed momentum in fuel availability across the country’s key coastal depots.
Fresh data obtained from Petroleum Price revealed robust berthing activity at the Lagos and Port Harcourt terminals, with leading downstream operators Techno Oil, Ardova, AA Rano, and MOCoh all maintaining active discharge schedules to ensure steady PMS and Automotive Gas Oil (AGO) supplies ahead of the mid-November trading window.
Industry analysts attribute the consistent vessel movements to strengthened coordination between private depots and refinery-linked supply chains, particularly as Dangote Petroleum Refinery continues to support independent marketers with refined cargoes.
Both terminals reported seamless tanker transitions, with refined products being offloaded to enhance national stock levels as demand typically rises toward the end of the year.
Experts project that this positive trend will continue through mid-November, as additional PMS and AGO cargoes are expected to berth under new consignments for Matrix Energy, Rain Oil, and Bovas Oil.
Dangote Refinery Cuts Ex-Depot Price by ₦49
In a move seen as a market stabilizer, the Dangote Petroleum Refinery last Friday announced a ₦49 per litre reduction in its ex-depot petrol price, bringing the gantry price down from ₦877 to ₦828 per litre, a 5.6 percent decrease.
This marks the refinery’s second major price adjustment in three months, underscoring its strategy to respond to market realities while sustaining domestic supply.
The reduction comes despite the Federal Government’s implementation of a 15 percent import tariff on refined fuel, a policy analysts say will widen the price gap between imported petrol and locally refined products, making importation less attractive in the months ahead.
Confirmed Vessel Activity — Lagos and Port Harcourt
Lagos Terminal
- OLUWAJUWONLO – PMS (20,000 MT)
Arrival: 10 Nov 2025 | Berth: 10 Nov 2025 | Receiver: Techno Oil | Depot: Techno Oil | Status: Loaded at Dangote; underway to discharge. - LAUSU – PMS (16,000 MT)
Arrival: 3 Nov 2025 | Berth: 10 Nov 2025 | Receiver: AA Rano | Depot: AA Rano | Status: Awaiting clearance to commence discharge (PM/10). - SL AREMU – PMS (27,500 MT)
Arrival: 6 Nov 2025 | Berth: 11 Nov 2025 | Receiver: Ardova | Depot: Ardova | Status: At anchorage; next in line to berth and discharge.
Port Harcourt Terminal
- GOLDEN JASMINE – AGO (10,301 MT)
Arrival: 10 Nov 2025 | Berth: 11 Nov 2025 | Receiver: MOCoh | Depot: MOCoh Terminal | Status: At anchorage; next tanker scheduled to discharge.
Industry Confidence Rises
Analysts believe the consistency in berthing and discharge operations reflects a renewed synergy between private depot owners and the Dangote Refinery’s distribution pipeline, resulting in faster product turnaround and improved logistics despite lingering exchange rate and freight cost pressures.
With more vessels expected in the coming days, Nigeria’s downstream sector appears set for a smoother supply cycle, an encouraging sign for both marketers and consumers heading into the festive season.
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