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Lagos Petrol Depot Prices Fall by Up to ₦18/L as Competition Rises

Depot prices for petrol have fallen across several Lagos terminals amid shifting supply dynamics and growing competition. Recent market data show ex-depot PMS prices dipped by between ₦1 and ₦18 per litre at most major depots, while diesel prices saw even steeper cuts in some locations. Rain Oil led the reductions, trimming its petrol price from ₦1,180 to ₦1,162 per litre. Dangote Refinery’s petrol rate remained almost unchanged at ₦1,176 per litre. Other terminals like A.A Rano, AIPEC, Bono, NIPCO and AITEO also cut their prices by between ₦1 and ₦4 per litre.

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P
peter

Have you noticed how petrol prices at Lagos depots have dropped up to ₦18 per litre lately?

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H
hala

Na so e suppose be, this sharp price drop go help ease wallet pinch for many of us.

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L
lily

It sounds promising, but I wonder if these cuts really reflect fair competition or just temporary supply adjustments.

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K
kemi

I'm not convinced the price drop will stick, depots often reverse cuts once supply competition fades.

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P
prince

Shoppers should compare terminal prices directly and plan bulk purchases when rates dip, that could save hundreds monthly.

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