According to recent figures published by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), in June 2025, Nigerians spent about ₦1.3 trillion on PMS.
Click Here to Join Our Whatsapp
The regulatory body revealed that 1.44 billion liters of PMS were supplied across the entire country during the month. Despite this, the pump prices fluctuated between ₦885 and ₦925 per liter, with an average price of ₦905 per liter.
In the face of intensified market competition, the report indicates that fuel valued at ₦411.9 billion was sourced from local refineries, with an additional ₦891.9 billion worth supplied by private depots. Together, these sources contributed to an average daily distribution of 48 million liters, marking a decrease from 54 million liters in May.
In June, refineries produced 455.2 million liters and depots provided 985.6 million liters, which shows an 18.55% month-on-month increase compared to May’s 1.22 billion liters. Additionally, truck movements decreased from 37,000 in May to 32,000 in June, indicating more constrained logistics.
In a significant change, certain independent importers have decreased their PMS pump prices to below those charged by the Dangote Refinery. While Dangote’s official distributors, such as MRS and Heyden, kept their retail prices ranging from ₦865 to ₦875, multiple petrol stations in Lagos and Ogun offered fuel at ₦850 per liter.
Some depots have been offering ex-depot prices as low as ₦815 per litre, which is below Dangote’s benchmark of ₦820 per litre. This downward pressure on prices indicates that marketers are using aggressive pricing tactics by sourcing imports on their own, even as Dangote strives to control the domestic supply.
