Dangote Petroleum Refinery raised its listed Lagos depot petrol price by N6 per litre to N1,348, while other depot operators adjusted rates in different directions, according to midday data recorded on Thursday, October 15, 2026.
The latest figures from Petroleumprice.ng showed Dangote's price moved up from N1,342 to N1,348 per litre. In contrast, Matrix reduced its petrol price by N10 per litre in Port Harcourt and by N5 per litre in Calabar, reflecting mixed movements across the downstream petroleum market.
Lagos depot price movements
In Lagos, A.A Rano reduced its petrol price by N3 per litre to N1,346 from N1,349, while NIPCO lowered its rate by N1 to N1,345 from N1,346. Matrix and Wosbab listed their prices at N1,350 per litre, and Emadeb quoted N1,345 per litre.
Aiteo's previous price stood at N1,344 per litre, while Integrated's was N1,349. The data indicated that petrol prices differed across operators, with Dangote recording an increase while some other marketers lowered their rates.
Port Harcourt and Calabar adjustments
In Port Harcourt, Matrix reduced its petrol price by N10 per litre to N1,350 from N1,360, marking the largest reduction among depots with comparable prices in the supplied data. Bulk Strategic listed its rate at N1,360 per litre, while Masters quoted N1,348. Stockgap's current price stood at N1,360 per litre.
In Calabar, Matrix lowered its price by N5 to N1,360 from N1,365 per litre. Mainland listed its rate at N1,360 per litre.
Warri depot price changes
Depot prices also moved in different directions in Warri. Matrix increased its rate by N3 per litre to N1,353 from N1,350, while Parker reduced its price by N2 to N1,348. Keonamex and Rain Oil listed their prices at N1,350 per litre. Danmarna also quoted N1,350, although its previous price was not available for comparison.
Government moves to reduce petrol cost
Earlier, Legit.ng reported that the federal government is negotiating a price ceiling of N1,350 per litre for petrol at the ex-gantry or landing-cost level as part of measures to reduce sudden increases in pump prices.
Taiwo Oyedele, Minister of Finance, disclosed this on his verified X account, explaining that the proposed arrangement is intended to make fuel prices more predictable for households and businesses. According to Oyedele, the government plans to introduce a system known as price modulation.
