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Depot owners across the country have adjusted their petrol prices to reflect market realityThe cheapest depot rate is N20 below the highest price of N1,275 per litre quoted by Aiteo, NIPCO, and PinnacleThe pricing shift comes as marketers await a fresh supply announcement from Dangote Refinery
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.
Petrol marketers across Nigeria have continued to adjust depot prices, with some offering cheaper products to attract buyers amid intense competition in the downstream sector.
A market survey showed that Hong Petroleum and Soroman currently offer the lowest depot price at N1,255 per litre, making them the cheapest source of petrol among the surveyed depots.
The latest depot price review shows marketers paying between N1,255 and N1,275 per litre for petrol. Photo: NurphotoSource: Getty Images
The price is N20 lower than the highest depot
