Reporting by Punch indicates private depot operators in Lagos have raised the ex‑depot price of petrol toward ₦800 per litre, a move that could ripple into higher retail pump prices if sustained.
Traders and logistics players say the adjustment reflects supply uncertainty and financing/transport costs, while marketers watch whether the change will hold or ease as supply channels stabilise.
TheCable quoted an industry source warning that “Prices will likely increase in the coming days,” even as another refinery source insisted “Production is still going on, of course.” Tell Magazine similarly noted that operators “increased the ex‑depot price of petrol to about N800 per litre.”
If ex‑depot prices remain elevated, Lagos commuters and businesses may face another round of transport‑led inflation—so watch depot pricing, supply volumes, and any regulatory guidance.
Echotitbits take: If ex‑depot prices remain elevated, Lagos commuters and businesses may face another round of transport‑led inflation—so watch depot pricing, supply volumes, and any regulatory guidance.
Source: The Punch — January 4, 2026 (https://punchng.com/private-depots-hike-petrol-price-to-n800-litre-in-lagos/)
The Punch January 4, 2026
Photo Credit: The Punch
