Petrol depot prices see a 17% drop as marketers react to competition from Dangote Refinery, offering temporary relief amid rising international crude costs.

Dangote Refinery may raise petrol prices as Brent crude nears $100 per barrel, increasing replacement costs and pressure across Nigeria’s downstream market.

Nigeria's petrol imports surged nearly 1,000% in Q2 2026, intensifying competition with local refineries like Dangote as the market faces contradictions.

Petrol depots across Lagos and Port Harcourt have released fresh PMS prices, with some suppliers increasing rates while others reduced or maintained existing prices.