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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