PetroM Weekly Pulse #006: Price Shock & Supply Squeeze – What Retailers Must Know

The week of May opened with a jolt across Nigeria’s downstream sector. Brent crude surged past $125/bbl (+5.82% WoW), triggering an immediate response from NNPLC – Lagos pump price now N1,320/litre, Abuja N1,364/litre. Meanwhile, the Dangote Refinery raised its gantry price to N1,275/litre and temporarily suspended sales, creating a severe supply tightening.

PMS is critically tight with panic buying already visible. The gantry-to-crude gap is narrowing – a clear seller’s market. Marketers should anticipate further depot hikes as replacement cycles catch up.

AGO (diesel) is feeling the Brent heat: depot prices range N1,950–2,100, with Warri/Calabar at the upper end. Industrial fuel costs are at critical levels.

DKP (kerosene) imports hit a 10‑year low as regional exports take priority. Households are shifting to LPG, so existing DKP stock should be sold down quickly.

Currency pressure (parallel market N1,410/Ltrs) adds another layer. Our advice: Consider maintaining higher tank capacity as a hedge, and time PMS procurement carefully–a Brent pullback below) adds another layer, but geopolitical risks remain.

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Why Every Serious Retailer Needs PetroM

In a market as volatile and fast-moving as Nigeria’s downstream oil sector, guesswork is expensive. PetroM delivers clear, timely, and actionable market intelligence every week — helping you make smarter buying decisions, protect your margins, and stay ahead of your competitors.

From real-time gantry updates to price adjustment workflows and inventory management tools, PetroM is quickly becoming the must-have operating system for forward-thinking fuel retailers who want to maximize profit and minimize risk in this turbulent market.

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Stay informed. Stay profitable.