Petrol pump prices defy low depot rates, stay above N1,300
This means the lowest reported depot price in Lagos was N44 below N1,310 per litre, the lowest retail price reported at some filling stations.
The latest mid-day depot price report for Tuesday, September 8, 2026, showed Premium Motor Spirit, PMS, also known as petrol selling between N1,266 and N1,280 per litre at several major Lagos depots.
With Lagos depot prices clustered around N1,266-N1,280 per litre, the market is increasingly drawing attention to the wide gap between the cost of obtaining petrol and the final cost motorists pay.
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