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Dangote Refinery reduced its ex-depot petrol price, while MRS Oil also cut its price, although most other marketers left petrol prices unchanged Diesel prices increased across several depots in Lagos but declined at some depots in Port Harcourt, reflecting mixed trends in the downstream market Meanwhile, global crude oil prices surged, with Brent crude nearing $80 per barrel, raising concerns that fuel prices could increase if the rally continues
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, by N1 per litre, even as diesel prices increased at several petroleum depots in Lagos, highlighting contrasting price movements in Nigeria’s downstream oil market.
The adjustment, which took effect on Wednesday, July 8, 2026, saw Dangote’s petrol loading price drop from N1,076 to N1,075 per litre.
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