Petrol price for filling stations for Nigeria still high, even though depot price don drop well-well.

Some people dey ask if traders dey use di chance take make extra profit between wholesale and retail price.

Di latest mid-day depot price report for Tuesday, September 8, 2026, show say Premium Motor Spirit (PMS), wey be petrol, dey sell between N1,266 and N1,280 per litre for many major Lagos depots.

Dangote Refinery and Pinnacle quote N1,266 per litre, while MRS quote N1,267. Aiteo, Integrated and Sahara sell at N1,270, with Ascon and NIPCO both sell at N1,280.

Dis one mean say di lowest depot price for Lagos dey N44 below N1,310 per litre, wey be di lowest retail price wey some filling stations dey sell. Plenty filling stations still dey sell as high as N1,325 per litre for Lagos and Abuja.

For Calabar, petrol depot price range from N1,280 for Mainland to N1,300 for Fynefield, while Matrix sell at N1,290.

For Warri, Nepal and Optima quote N1,275 per litre, Parker and Prudent dey sell at N1,280, A.Y.M. Shafa at N1,287 and Matrix at N1,290.

Di report still show say many depots reduce dia price during di day. Integrated and Sahara for Lagos cut PMS price by N9 per litre each to N1,270, while Lister reduce dia price by N3 to N1,277.

For Warri, Bulk Strategic, Liquid Bulk and Masters reduce price by N10 per litre, while Matrix cut dia rate by N5. Rain Oil record di biggest reduction, wey be say dem cut dia price by N20 to N1,280.

Di gap between wholesale and retail price don make people dey look di extra costs wey dey add after products leave depot.

Market operators talk say transportation and distribution costs still be important part of di final pump price, especially when products need to travel long distance.