Since they entered the petrol market in the mid 80s they have consistently been the cheapest." The end of the Iraq war has been cited as one of the reasons for the cut in forecourt prices in Britain.

The 14,000-member association predicts that by the end of July BP, Shell, Texaco and Esso will have cut their petrol prices by around 25p a gallon. That means the average unleaded price will fall ...

But checks across the Lagos metropolis yesterday indicate that virtually all the petrol stations have not reflected the expected cut in the pump price. Most independent and major marketers still ...