Some filling stations across Nigeria have begun reducing petrol prices, signaling fresh competition among marketers as operators adjust rates to attract customers.

Petrol price drops in Abuja

Findings show that in Abuja and surrounding areas, petrol is now sold for about ₦1,295 per litre, down from ₦1,330, reflecting a ₦35 reduction.

The new pricing has already been observed at outlets operated by AA Rano, Ranoil, and Mobil in different parts of the city.

Marketers align with major operators

The adjustment brings their rates closer to prices offered by major downstream players such as NNPC Limited, MRS, AP Ardova, and NIPCO, which have maintained pump prices between ₦1,290 and ₦1,295.

Industry watchers say the alignment suggests a growing price competition within the sector.

Marketers explain price cut

President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, said the reduction is aimed at attracting more customers.

He noted that operators are adjusting strategies to remain competitive in the current market environment.

Global oil market still volatile

Despite the local adjustment, fuel prices have remained relatively stable since April 9, 2026, even as global crude oil prices continue to react to geopolitical tensions.

As of Friday, crude traded around $94 per barrel for West Texas Intermediate and $105 for Brent crude, influenced by concerns around the Strait of Hormuz.