Petrol prices have dropped to ₦1,295 per litre in parts of Abuja and its environs as filling stations adjust rates to attract customers.
Findings on Friday showed that several filling stations reduced pump prices from ₦1,330 to ₦1,295 per litre, representing a ₦35 decrease.
The adjustment has been implemented by outlets such as AA Rano, Ranoil, and Mobil across different locations in the Federal Capital Territory.
The new pricing brings these stations in line with other major players in the downstream sector, including Nigerian National Petroleum Company Limited (NNPCL), MRS, AP Ardova, and NIPCO, which have been dispensing petrol at ₦1,290-₦1,295 in recent weeks.
Reacting to the development, the President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, said the reduction was driven by market competition.
“It is required to boost patronage,” he told Daily Post.
Fuel prices have remained relatively stable since April 9, 2026, despite fluctuations in global crude oil prices.
Market data on Friday showed that West Texas Intermediate crude stood at $94 per barrel, while Brent crude traded at $105 per barrel, amid uncertainty surrounding the Strait of Hormuz.
Other Findings showed that filling stations in Ilorin dispense petrol for customers at a much better price, standing at around ₦1270 and ₦1250