Fuel Loading Resumes Amid Rising Depot Prices and Dangote’s Dollar Policy
Fuel marketers have resumed loading petrol and diesel from private depots after a weeklong pause triggered by recent downstream price adjustments and volatility linked to the Middle East crisis. Depot owners halted operations to reset ex-depot rates and collect top-up payments from marketers who bought at earlier prices. They charge the difference when prices rise but do not refund when rates fall. Latest data show Lagos depot prices climbing to ₦1,275 per litre, up ₦25 at several major terminals. Other regions recorded mixed shifts, with some terminals trimming rates and others holding steady. Diesel rates also inched higher as Dangote Petroleum Refinery’s dollar-denominated policy continues to influence the market.
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