Fuel Prices in Lagos Remain Above N800 Despite Dangote Refinery's Price Cuts

Despite Dangote Refinery reducing its ex-depot price to N125 per liter, fuel prices in Lagos and other markets have not dropped below N800, with most stations selling between N820-N890 per liter. This comes after reports of some stations selling at N739 per liter initially.

The price cuts by Dangote Refinery and other depot owners are expected to intensify competition and potentially lead to further reductions during the holiday season. While some areas like Bayelsa and Kano have seen slight price drops, the overall impact is yet to be significant nationwide.