Petrol prices at Lagos depots rise by up to ₦60 a litre as diesel falls

Petrol prices at major fuel depots in Lagos rose by as much as ₦60 per litre this week, while diesel prices fell, according to market data reported on Sunday, 8 November 2026.
The figures
Between Monday and Friday, the average petrol price across seven comparable depots in Lagos rose by about ₦41 per litre, while diesel fell by about ₦33. Some of the biggest increases were recorded at African Terminal, Integrated and A.A. Rano, which each raised their prices from ₦1,220 to ₦1,280 per litre. Aiteo raised its price by ₦56 to ₦1,277, Rain Oil by ₦55 to ₦1,280 and Nipco by ₦29 to ₦1,279, while MRS Tincan cut its price by ₦30 to ₦1,280. Similar movements were seen at depots in Warri and Port Harcourt.
Crude prices fell
The increases came even though international crude oil prices fell during the week, with Brent crude reportedly dropping by almost 5 per cent. Domestic supply conditions and marketers' costs also affect local prices.
Background
Depot prices are what marketers pay before selling to motorists, so changes usually feed through to filling-station prices within days. Petrol prices are now set by the market after the removal of the fuel subsidy in 2023, and have fluctuated with competition between the Dangote refinery, NNPC and importers. President Bola Tinubu said in Uyo this week that the government will never return to the subsidy. Cooking gas prices have also reportedly risen to about ₦1,900 per kilogram.
What it means
Motorists may see higher pump prices in the coming days, while businesses that rely on diesel could get some relief.
- Some depots raised petrol from ₦1,220 to ₦1,280 a litre.
- Diesel prices fell during the week.
- Global crude prices dropped.

