Refiners, depots pressured to cut petrol prices as crude falls

August 29, 2026

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Refiners, depots pressured to cut petrol prices as crude falls

Nigeria’s refiners and depot owners are under pressure to lower ex-depot petrol prices following a drop in global crude oil prices.

The decline puts the Dangote Refinery and depot operators — whose prices rose last week — under fresh scrutiny to reverse the increase.

Depot owners including Soroman, Bono, Aiteo, Techno Oil and Optima raised ex-depot prices to between N1,200 and N1,215 per litre.

At the pumps, MRS, NNPCL and other retailers are selling petrol at between N1,230 and N1,275 per litre around Abuja.

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Honney Jay is a Nigerian digital creator, tech enthusiast, and founder in the web and branding space. He specializes in building modern websites, digital products, and creative tech solutions that help businesses grow online. Through Honneymade Technologies, he focuses on blending design, strategy, and technology to deliver impactful digital experiences for brands and entrepreneurs.