Dangote Petroleum Refinery has resumed coastal loading of Premium Motor Spirit after an eight-day halt, introducing a new marine price of $1,161.23 per metric tonne, up from $1,044.62/MT previously, Petroleumpric gathered.
The new price reflects an increase of $116.61 per metric tonne, or 11.2 per cent, marking the refinery’s first pricing adjustment since it moved to a dollar-denominated template for refined products earlier this month.
Industry sources said gantry loading for trucks, which remains suspended, could also resume in the coming days, with expectations that a revised gantry price will accompany the restart.
The refinery halted both coastal and gantry loading on Wednesday, July 15, shortly after introducing the new dollar-based pricing structure. While marine deliveries have now resumed, truck loading through the gantry has yet to restart, though sources say a reopening is imminent.
Customers loading through the coastal channel were notified of the resumption on Tuesday, with actual loading operations commencing the following day, July 21, according to sources with direct knowledge of the matter.
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“We have issued communication to all customers loading through the coastal channel, and depots that receive products through coastal deliveries have already started notifying their customers,” a source told Petroleumprice.ng. “Coastal loading resumed yesterday with the new coastal price. Gantry sales remain on hold, but from what we are seeing, gantry operations may also resume soon.”
The eight-day suspension disrupted supply chains across Nigeria’s downstream sector, pushing marketers toward private depots to replace lost volumes. Average petrol ex-depot prices in Lagos climbed to about N1,275 per litre from roughly N1,075 before the halt, a jump of N200, or about 18.6 per cent, as replacement costs rose and product availability tightened.
Dangote had earlier linked its shift to dollar-based sales to difficulties securing adequate crude supply under the Federal Government’s naira-for-crude arrangement. Prior to the suspension, the refinery’s pricing template had fixed PMS at $0.779 per litre, Automotive Gas Oil at $1.087 per litre, and Jet A1 aviation fuel at $0.942 per litre.
Market operators said the return of coastal loading should help ease pressure on marine distribution to coastal depots and gradually restore supply in some regions. But they cautioned that the broader market impact hinges on the gantry channel, which handles the bulk of truck-based distribution nationwide.
“Gantry remains the more consequential channel for depot pricing and product flow across the country,” one operator said, noting that until truck loading resumes, downstream markets outside coastal zones will continue to face tighter supply and elevated prices.
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