Petroleum marketers have reduced depot prices for petrol and diesel, offering relief to fuel distributors amid changing market conditions.
The latest adjustments have seen several depots lower their ex-depot prices, a development that could influence pump prices if sustained across the downstream sector.
Industry stakeholders say the price cuts are linked to shifts in supply dynamics, market competition, and fluctuations in international crude oil prices and exchange rates.
Motorists and consumers are expected to monitor whether the reductions at the depot level will translate into lower retail prices at filling stations across the country.
The nation
