Petrol Prices Decline Nationwide as Marketers Adjust Rates
On October 29, 2026, petrol depot prices dropped in Lagos and Calabar as various marketers revised their selling rates downwards. MRS reduced its petrol price by N14 to N1,310 per litre, while NIPCO lowered its rate by N10 to N1,310.
Pinnacle and Rainoil made significant cuts, each reducing their prices by N20 to N1,300 per litre. Other adjustments included African Terminal lowering its price by N12 to N1,307, and Matrix reducing its price from N1,335 to N1,328, a decline of N7.
In Port Harcourt, Bulk Strategic and Masters each reduced their petrol prices by N8 to N1,325 per litre. The latest data indicates that Lagos has the lowest depot price among the three locations, with a price of N1,290 per litre.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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