See why landing cost of cooking gas and petrol crashed nationwide

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Depot prices for petrol and diesel dropped significantly across Lagos, Warri, and Port Harcourt in early June 2026Diesel prices in Lagos fell by up to N11 per litre, indicating increased competition among depot ownersPort Harcourt experienced notable petrol price cuts, reflecting changes in crude oil prices last week

Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.

The landing cost of imported petroleum products in Nigeria, including Premium Motor Spirit (PMS), popularly known as petrol, and liquefied petroleum gas (LPG), also called cooking gas, has dropped significantly, offering fresh hope for lower energy prices across the country.

New data released by the Major Energy Marketers Association of Nigeria (MEMAN) showed that the cost of bringing fuel products into Nigeria has now fallen below the ex-depot prices offered by the Dangote Refinery.

Nigerians lament the