Petrol and diesel depot prices fell across Lagos, Warri, Port Harcourt and Calabar last week as marketers reduced their prices amid growing competition.
Between Monday, October 26, and Friday, October 30, 2026, Lagos recorded the biggest price cuts, with average petrol prices dropping by ?81.67 per litre and diesel prices falling by ?80 per litre.
The reductions followed a ?55 cut by marketers linked to Dangote Refinery, bringing their petrol gantry price to ?1,210 per litre on Friday, according to PetroleumPriceNG.
and Ardova reduced their petrol prices from ?1,340 to ?1,260 per litre.
Aiteo recorded the biggest reduction, cutting its price by ?85 from ?1,340 to ?1,255 per litre. The average petrol price across the three depots fell to ?1,258.33 per litre.
Diesel prices also dropped. Rain Oil and Wosbab reduced their prices by ?95 to ?1,805 per litre, while Integrated, African Terminal, Gulf Treasure and Duport cut their prices by ?90 to ?1,810 per litre.
The average diesel price in Lagos fell to ?1,808.75 per litre.
In Warri, Matrix reduced its petrol price from ?1,352 to ?1,300 per litre, while Parker cut its price from ?1,350 to ?1,300.
Prudent also reduced its price by ?55 to ?1,300 per litre. The average petrol depot price in the city fell by ?52.33 per litre.
Diesel prices also declined, with Matrix selling at ?1,840 per litre and Prudent at ?1,850.