25/04/2026
BREAKING: Nigerian Filling Stations Cut Petrol Price to N1,295 Per Litre
Abuja, Nigeria – April 24, 2026 (African News Digest) – Several Nigerian filling stations have reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N1,295 per litre in a move aimed at attracting more customers.
Checks across parts of Abuja on Friday showed that some stations adjusted their prices downward from N1,330 per litre, representing a reduction of N35.
The price cuts were observed at outlets operated by AA Rano, Ranoil, and Mobil in various locations within the Federal Capital Territory.
The new pricing aligns closely with rates maintained in recent weeks by other major downstream operators, including Nigerian National Petroleum Company Limited, MRS, Ardova, and NIPCO, which have been dispensing petrol between N1,290 and N1,295 per litre.
Reacting to the development, President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, said the downward adjustment was driven by market competition.
“It is required to boost patronage,” he stated.
Fuel prices have remained relatively stable since April 9, despite volatility in global crude oil markets triggered by tensions in the Middle East.
As of Friday, international crude benchmarks showed West Texas Intermediate trading at $94 per barrel, while Brent Crude stood at $105 per barrel, amid uncertainty surrounding shipping activities through the Strait of Hormuz.
African News Digest will continue to monitor developments in Nigeria’s downstream petroleum sector.