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Marketers say falling depot prices are creating room for further petrol pump price reductions across NigeriaSeveral major depots have aligned their ex-depot prices with Dangote Refinery’s gantry rate of N1,215 per litreNNPC has already cut pump prices in Lagos and Abuja, with a new nationwide price list showing variation by state
More filling stations across Nigeria could reduce petrol pump prices in the coming days after several private depot owners matched Dangote Refinery’s gantry price of N1,215 per litre, intensifying competition in the downstream oil sector.
Depot pricing data shows that Dangote, Aiteo, Integrated, NIPCO, Matrix and Pinnacle are all selling petrol at N1,215 per litre, with African Terminal having also adjusted to that level. Lister and A.A. Rano quoted N1,216 per litre, while MRS was selling at N1,218 per litre.
Nigerian depots match Dangote Refinery’s petrol price of N1,215 per litre. Photo: NurphotoSource: Getty Images
Marketers See Room for Further Reductions
The National President
