In Lagos, Dangote depot, which consistently offers the lowest petrol price sold PMS at N703 per litre on Friday, up from N702.50 on Wednesday, December 31, 2025. While the increase at Dangote was marginal, other private depots recorded steeper adjustments. Similarly, Aiteo and Lister depots sold petrol at N780 per litre, up from N750–N760 band recorded on Wednesday. The new price took effect on December 11, 2025, marking the 20th petrol price adjustment announced by the refinery this year. The Dangote Refinery, with a capacity of 650,000 barrels per day, had raised expectations of price stability through local refining.

Source: Punch January 04, 2026 00:20 UTC