Petrol depot prices decline across several major supply centres in Nigeria as marketers implement new price cuts, according to reports from Vanguard and Legit.ng. The changes are observed in key locations including Lagos, Warri, Calabar and Port Harcourt. Both outlets describe the adjustments as reductions in depot pricing rather than increases, with marketers either lowering their rates further or maintaining previously quoted prices. Vanguard reports that many major depots in these cities reduce prices or hold steady, while Legit.ng states that the drop ranges up to N23 per litre at the depot level. Legit.ng also adds that overall depot rates fall to as much as N1,216, and that there are no reported instances of suppliers raising prices during the same period. The reports together point to increased competition among downstream petroleum marketers, reflected in the downward revision of depot rates across multiple supply nodes.