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Petrol depot prices fell across major hubs in Lagos, Port Harcourt and Warri as depot owners reduced ex-depot loading ratesBulk Strategic, Sigmund, Optima, Matrix and other depots cut prices by between N5 and N25 per litreThe reductions follow recent retail price cuts by NNPC and Dangote Refinery partner stations, adding more downward pressure on fuel costs
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 depot prices have dropped again across Nigeria’s key distribution hubs, with loading rates falling at several depots in Lagos, Port Harcourt and Warri amid sustained competition and improved product supply.
The fresh cuts, ranging from N5 to N25 per litre on Monday, July 27, were recorded at multiple depots nationwide.
Petrol marketers slash depot prices by up to N25 per litre Photo: BloombergSource: Getty Images
Depot Owners Cut Loading Prices
In Lagos, all six
