Petrol depot prices fall, pump cuts loom

By Udeme Akpan, Energy Editor
LAGOS — Petrol depot prices fell by as much as N24 per litre in Lagos on Tuesday, raising expectations of pump-price cuts as filling stations replenish stocks bought at the lower rates.
The reductions, recorded across major markets, came amid a decline in international crude oil prices, while diesel prices also fell sharply, dropping by as much as N50 per litre in Warri and N35 in Port Harcourt.
In Lagos, Ascon, Integrated and Sahara reduced their petrol prices by N24 per litre to N1,327 from N1,351. Pinnacle cut its price by N24 to N1,326 from N1,350, while MRS reduced its price by N20 to N1,332 from N1,352.
Dangote retained its depot price at N1,325...