Petrol prices drop at filling stations as competition intensifies
Filling stations in Lagos and Ogun states have reduced petrol prices to attract more customers. The price cuts follow a recent reduction in gantry prices by the Dangote Petroleum Refinery. Several stations along the Lagos-Ibadan Expressway now sell petrol at lower rates, with some outlets offering the lowest prices in the area. Despite the reductions, some Nigerians believe the new prices do not fully reflect the recent fall in crude oil costs.
TLDR
- Filling stations have lowered petrol prices to an average of N1,205 per litre in Lagos and Ogun.
- The SGR filling station in Mowe offered the lowest price at N1,199 per litre as of Saturday.
- The Dangote refinery reduced its petrol gantry price from N1,250 to N1,175 per litre, and its diesel gantry price by N100 to N1,500 per litre.
- The latest diesel price adjustment followed an earlier review on June 16.
- Some Nigerians argue that the reductions are not enough given the sharp decline in crude oil prices.
