Petrol depot prices drop, pump price cuts loom

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Petrol prices in Lagos, Nigeria have fallen significantly at major depots, with expectations of pump price cuts following amid a decline in international crude oil prices. The price adjustments are part of market reactions to changing crude oil cost dynamics.

By Udeme Akpan, Energy Editor Petrol prices fell by as much as N24 per litre at major depots in Lagos on Tuesday, while other markets recorded smaller reductions, raising expectations that filling stations could begin cutting pump prices as they replenish their stocks. The development came amid a decline in international crude oil prices, with […] The post Petrol depot prices drop, pump price cuts loom appeared first on Vanguard News.