Bitumen Price in Nigeria Today
Last updated: 2026-10-01
Bitumen Price in Nigeria Today
As of February 2025, the bitumen price in Nigeria today ranges between ₦1,250,000 and ₦1,480,000 per metric ton for standard penetration grades (60/70 and 80/100), while polymer-modified bitumen (PMB) sells for ₦1,650,000–₦1,890,000 per ton. Imported bulk bitumen landed in Lagos ports averages $620–$710 per metric ton (USD equivalent) depending on grade, origin, and drum versus bulk tanker delivery. These figures represent a 6.8% increase compared to Q4 2024, driven by naira volatility, higher freight costs, and rising demand from road construction projects.
This article breaks down current pricing by grade, regional variation, supply chain factors, and a forward-looking forecast, so buyers, contractors, and procurement officers can make informed purchasing decisions.
Current Bitumen Price in Nigeria by Grade (February 2025)
Bitumen pricing in Nigeria varies significantly by penetration grade, packaging type, and supplier. The table below reflects ex-depot and delivered pricing in major commercial hubs.
| Grade | Packaging | Price per Metric Ton (₦) | Price per Metric Ton (USD) | Common Use |
|---|---|---|---|---|
| 60/70 | Bulk tanker | ₦1,320,000 – ₦1,420,000 | $860 – $925 | Highways, heavy traffic roads |
| 60/70 | New steel drums | ₦1,380,000 – ₦1,480,000 | $900 – $965 | Export, remote site delivery |
| 80/100 | Bulk tanker | ₦1,250,000 – ₦1,350,000 | $815 – $880 | General paving, moderate traffic |
| 80/100 | New steel drums | ₦1,300,000 – ₦1,400,000 | $848 – $913 | Regional distribution |
| 40/50 | Bulk tanker | ₦1,430,000 – ₦1,530,000 | $933 – $998 | Airports, racetracks, specialized |
| PMB (Polymer Modified) | Bulk/IBC | ₦1,650,000 – ₦1,890,000 | $1,076 – $1,233 | Bridges, heavy-duty pavement |
Key observations:
- Grade premium: 40/50 carries a ₦80,000–₦110,000 premium over 60/70 due to limited local availability and specialized refinery runs.
- Packaging premium: Drum-packed bitumen adds ₦50,000–₦60,000 per ton versus bulk, reflecting drum costs (₦18,000–₦22,000 each) and handling.
- USD pricing: At an exchange rate of approximately ₦1,535/USD, dollar-denominated imports remain the benchmark for importers.
Regional Price Differences Across Nigeria
Bitumen pricing is not uniform nationwide. Logistics costs, port proximity, and local dealer margins create price bands that can differ by 8–14% between Lagos and inland cities.
| Region/City | 60/70 Bulk (₦/ton) | 80/100 Bulk (₦/ton) | Variance vs. Lagos |
|---|---|---|---|
| Lagos (Apapa/Tin Can) | ₦1,320,000 | ₦1,250,000 | Baseline |
| Port Harcourt | ₦1,360,000 | ₦1,290,000 | +3.0% |
| Abuja | ₦1,410,000 | ₦1,340,000 | +6.8% |
| Kano | ₦1,450,000 | ₦1,380,000 | +9.8% |
| Enugu | ₦1,430,000 | ₦1,360,000 | +8.3% |
| Maiduguri | ₦1,480,000 | ₦1,410,000 | +12.1% |
Why the gap?
- Haulage costs: Transporting one 30-ton truck from Lagos to Kano costs ₦850,000–₦1,100,000, adding roughly ₦28,000–₦37,000 per ton.
- Dealer margins: Inland distributors often add 5–9% markup to cover inventory holding and credit risk.
- Security and escort fees: Northern routes may incur additional ₦60,000–₦120,000 per trip for convoy security.
What Drives the Bitumen Price in Nigeria Today?
Understanding pricing requires tracking five core cost drivers. Each contributes a measurable share to the final landed price.
| Cost Component | Share of Landed Price | Feb 2025 Estimate |
|---|---|---|
| FOB bitumen (origin) | 38–44% | $270–$310/ton |
| Ocean freight | 12–16% | $85–$115/ton |
| Port charges & clearing | 8–11% | ₦95,000–₦135,000/ton |
| Naira conversion & FX spread | 9–13% | ₦22–₦38/USD spread |
| Inland logistics & storage | 14–19% | ₦180,000–₦260,000/ton |
| Supplier margin | 6–10% | ₦80,000–₦140,000/ton |
1. Naira exchange rate volatility
Over 70% of Nigeria's bitumen is imported. A ₦50 depreciation against the USD adds roughly ₦55,000–₦70,000 per ton to landed cost. In the past 12 months, the naira moved from ₦1,480 to ₦1,535/USD, contributing a 3.7% price increase.
2. Global crude oil pricing
Bitumen is a crude oil residue. When Brent crude rises above $80/barrel, bitumen FOB prices typically climb $15–$25 per ton within 30–45 days. February 2025 Brent averaged $78–$83/barrel.
3. Refinery supply constraints
Key suppliers to Nigeria include refineries in South Korea, UAE, Saudi Arabia, and Greece. Maintenance shutdowns at two major Korean refineries in January 2025 reduced supply by an estimated 120,000 tons, pressuring West African prices upward by 4–6%.
4. Domestic demand surge
The Federal Ministry of Works allocated ₦1.2 trillion for road construction in the 2025 budget, a 23% increase over 2024. Peak paving season (November–March) raises monthly demand to 180,000–220,000 tons, tightening supply.
5. Logistics and port bottlenecks
Apapa and Tin Can Island ports handle 85% of bitumen imports. Average clearing time increased from 9 days to 14 days in Q1 2025, adding ₦40,000–₦60,000 per ton in demurrage and storage.
Imported vs. Local Bitumen: Price Comparison
Nigeria's local refining capacity for bitumen remains limited. The table below compares imported and locally sourced product.
| Source | Grade | Price (₦/ton) | Lead Time | Quality Cert |
|---|---|---|---|---|
| Imported (South Korea) | 60/70 | ₦1,320,000–₦1,400,000 | 21–35 days | ISO 9001, AASHTO |
| Imported (UAE) | 60/70 | ₦1,340,000–₦1,430,000 | 18–28 days | ASTM D946 |
| Imported (Greece) | 80/100 | ₦1,260,000–₦1,340,000 | 25–40 days | EN 12591 |
| Local (NNPC/refinery) | 60/70 | ₦1,180,000–₦1,280,000 | 7–14 days | SON/NAFDAC |
| Local (modular) | 80/100 | ₦1,150,000–₦1,250,000 | 5–10 days | SON compliant |
Takeaway: Locally sourced bitumen is ₦70,000–₦140,000 cheaper per ton, but availability is inconsistent. Most large contractors blend local and imported supply to hedge against delays.
2025 Bitumen Price Forecast for Nigeria
Based on current FX trends, crude forecasts, and infrastructure spending, here is the projected price path for the next three quarters.
| Period | 60/70 Bulk (₦/ton) | 80/100 Bulk (₦/ton) | Change vs. Feb 2025 |
|---|---|---|---|
| Q1 2025 (actual) | ₦1,320,000–₦1,420,000 | ₦1,250,000–₦1,350,000 | — |
| Q2 2025 (forecast) | ₦1,350,000–₦1,470,000 | ₦1,280,000–₦1,390,000 | +2.5–3.5% |
| Q3 2025 (forecast) | ₦1,380,000–₦1,520,000 | ₦1,310,000–₦1,440,000 | +4.5–7.0% |
| Q4 2025 (forecast) | ₦1,420,000–₦1,580,000 | ₦1,350,000–₦1,490,000 | +7.5–11.0% |
Forecast assumptions:
- Brent crude averages $80–$88/barrel through 2025.
- Naira stabilizes between ₦1,500 and ₦1,600/USD.
- No major refinery disruptions lasting more than 3 weeks.
- Federal road spending stays on schedule at ₦1.2 trillion.
How to Get the Best Bitumen Price in Nigeria Today
Follow these procurement tactics to reduce landed cost by 6–12%:
- Buy in bulk (25+ tons): Bulk tanker orders save ₦50,000–₦60,000 per ton versus drums.
- Lock FX early: Pay suppliers in USD when the naira strengthens by ₦20–₦30 to capture savings.
- Negotiate direct with importers: Eliminating one middleman cuts ₦60,000–₦90,000 per ton.
- Order off-peak: Prices drop 2–4% in April–June when paving demand slows.
- Verify quality: Always request ASTM D946 or EN 12591 certification to avoid substandard product that fails at ₦200,000+ per ton in rework costs.
- Consolidate shipments: Combining 60/70 and 80/100 orders in one vessel reduces freight allocation by $8–$14 per ton.
FAQ: Bitumen Price in Nigeria Today
Q1: What is the current price of bitumen in Nigeria today?
As of February 2025, bitumen costs ₦1,250,000–₦1,480,000 per metric ton depending on grade and packaging. The most common 60/70 grade in bulk averages ₦1,320,000–₦1,420,000 per ton.
Q2: Has bitumen price increased in 2025?
Yes. Prices rose 6.8% since Q4 2024, driven by naira depreciation, higher ocean freight, and a 23% increase in federal road spending. Expect another 2.5–3.5% rise by Q2 2025.
Q3: Which grade of bitumen is cheapest in Nigeria?
80/100 penetration grade in bulk is the cheapest, at ₦1,250,000–₦1,350,000 per ton. It suits moderate-traffic roads, while 60/70 costs about ₦70,000 more per ton for heavier traffic applications.
Q4: Is it cheaper to import or buy local bitumen in Nigeria?
Local bitumen is ₦70,000–₦140,000 cheaper per ton but has inconsistent supply and limited volume. Imported bitumen offers reliable quality and volume at a 6–10% premium over local product.
Q5: How much does a 30-ton truckload of bitumen cost today?
A 30-ton bulk truckload of 60/70 bitumen costs approximately ₦39,600,000–₦42,600,000, excluding haulage. Adding inland delivery of ₦850,000–₦1,100,000 brings the all-in total to ₦40,450,000–₦43,700,000.
Calculate Your Exact Bitumen Cost with 6Tar
Market averages only get you so far. Your actual bitumen cost depends on grade, volume, delivery distance, port charges, and payment terms. Use the 6Tar cost calculator to generate a precise, line-item quote for your next order — including FOB, freight, clearing, haulage, and margin projections — in under 60 seconds.
👉 Try the 6Tar cost calculator now and lock in the best bitumen price in Nigeria today.