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Will the average pump price of petrol in Lagos fall by at least 5% from its 6 July 2026 level before 11:59 PM WAT on 21 July 2026?

Outcome: NO

How this forecast is settled

Will petrol prices in Lagos drop by at least 5% from their July 6 level before July 21? This would likely require a major fall in supply costs or a policy-driven price reduction.

Resolution

No, the average pump price of petrol in Lagos did not fall by 5%—instead, prices sharply increased by the July 21, 2026 deadline.

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