PetroM Weekly Pulse #004: Cautiously Bearish – Gantry Price War Expected
The fuel market is entering a cooling phase after a volatile period. Increased vessel arrivals and steady Dangote Refinery output are creating stronger supply, putting downward pressure on prices.
Market Sentiment: CAUTIOUSLY BEARISH
While Dangote maintains its ₦1,200/litre benchmark, private depots are becoming more aggressive with pricing as fresh supplies hit the market. A localized “price war” at the gantries is likely this week.
Key Highlights This Week:
Depot PMS prices currently ranging between ₦1,240 – ₦1,250/litre
Retail pump prices settling at ₦1,290 – ₦1,330/litre in major cities
Diesel (AGO) remains under pressure, approaching ₦1,900 – ₦2,000/litre
Robust supply outlook with fresh vessel discharges expected mid-week
Forecast: 2–3% drop in gantry prices by Wednesday
Actionable Insights for Retailers:
Maintain medium inventory levels
Monitor AGO margins daily
Watch closely for product diversion risks
👉 Download the Full PetroM Weekly Pulse #004 Report Here
Why Retailers Choose PetroM
In Nigeria’s fast-moving and unpredictable fuel market, timely and accurate intelligence is your biggest advantage. PetroM delivers clear, actionable market updates every week — helping you buy at the right time, protect your margins, and minimize risks.
From real-time price tracking to smart inventory and operational tools, PetroM is the must-have platform for serious fuel retailers who want to stay ahead of the competition and run a more profitable business.