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Depot prices for petrol and diesel fell across Lagos, Warri, and Port Harcourt locations in the first week of Diesel prices recorded the biggest declines in Lagos, with reductions of up to N11 per litre at Duport and SaharaWarri and Port Harcourt saw mixed movements, with mostly stable petrol prices by marketers
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Owners of depots across Nigeria made various, mostly downward, price adjustments for petrol and diesel loading in the week of June 1 to June 5, 2026, while competition in the downstream sector of Nigeria intensified.
From the weekly review of prices by depot owners, a decline was observed in Lagos, Warri, and Port Harcourt, while PMS (petrol) and AGO (diesel) prices remained stable or moved marginally.
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