The price of petrol at various private depots across Nigeria recorded marginal declines in a few markets in the week.
Data revealed that Premium Motor Spirit (PMS) in private depots in Lagos were mostly between N1,278 and N1,280/ litre.
Prices at the integrated, Ascon and Bono depot decreased from and to N1,278/litre. A.A Rano depot recorded a decrease to N1,280/ litre while Aiteo maintained a steady price of N1,280/litre.
Petroluemprice.ng reports that the Automotive Gas Oil (AGO), commonly known as diesel, market also witnessed a decline at most depots as sellers reduced their prices on softer demand. Rain Oil cut prices from N1,890 to N1,815/ litre. Menj recorded a drop from N1,900 to N1,815/litre, while Aipec and Integrated reduced prices from N1,890 to N1,815/ litre.
In Warri, petrol prices moved higher during the week, making the city one of the most expensive locations to buy PMS. Prices at Matrix moved from N1,285 to N1,293 per litre, Nepal from N1,280 to N1,295, while Parker moved prices upward from N1,280 to N1,292 per litre.
Warri depot, despite having the highest petrol prices in the country, had the sharpest drops in the cost of diesel nationwide.
Depots like Rain Oil announced a cut on AGO from N1,950 to N1,815 per litre- a N135 drop, while First Fortune dropped by N74 from N1,888 to N1,814 per litre. However, Dammarna and Prudent moved their prices downwards to about N1,815/ litre.
In the Port Harcourt region, PMS had marginal declines, with the master depot dropping prices by N5 from N1,305 to N1,300 per litre while Liquid Bulk and TSL maintained a constant price at N1,300 per litre.
Diesel prices also dropped to N1,865 per litre in the Port Harcourt depot. Matrix and Sigmund had prices of N1,910 to N1,865 per litre. In Calabar, petrol price at Sobaz depot moved from N1,287 to N1,295/ litre, while Fynefield recorded an increase of N4 per litre from N1,290 to N1,294 per litre during the week.
