Good news for Nigerians as petrol prices decline at major depots

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Petrol depot prices dropped across Lagos, Warri, Calabar and Port Harcourt as marketers reduced rates, with no supplier increasing pricesDangote Refinery and Pinnacle offered the lowest petrol price, while several other depots also announced fresh price cuts Experts say lower depot prices may not immediately translate into cheaper pump prices because of logistics and operating costs

Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.

Petrol depot prices declined across major supply hubs on Tuesday, July 29, 2026, as oil marketers introduced fresh price reductions, highlighting the growing competition in Nigeria’s downstream petroleum sector.

A review of the latest mid-day depot pricing data showed that depots in Lagos, Warri, Calabar and Port Harcourt either cut their ex-depot prices or maintained existing rates.

Petrol depot prices fall nationwide as Dangote, marketers slash rates amid rising competition
Source: UGC

None of the monitored depots increased petrol prices during the period.

Lagos