Several fuel stations have adjusted their petrol pump prices in Nigeria following recent developments across the country.
Checks by TimesNow.com.ng showed that fuel is now sold at between N940 per litre and N970 per litre in most filling stations.
For instance, an Ardova filling station in Ikotun has set its price at N970 per litre, while Mobil and Matrix filling stations are selling at N960 per litre.
A fuel attendant told TimesNow.com.ng that the price has remained the same for the past three days.
Ardova is expected to reduce its pump prices soon, as it is one of the major marketers with an agreement with Dangote.
The current price of fuel represents a significant gap from the ex-depot price announced by Dangote Petroleum Refinery.
TimesNow.com.ng reported that Dangote reduced the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective Saturday, February 1, 2025.
In its statement announcing the price reduction, the refinery stated that it believes this reduction from N950 to N890 will lead to a meaningful decrease in the cost of petrol nationwide.
Meanwhile, MRS Oil Nigeria Plc has announced the prices of fuel across its filling stations to the public.
In a message shared on social media on Monday, February 10, MRS stated that Nigerians can buy petrol from its stations at prices ranging from N925 to N955, depending on the location.
MRS post reads:
Earlier, TimesNow.com.ng reported that the National Bureau of Statistics (NBS) disclosed that the average retail price of automotive gas oil (diesel) increased to N1,447.62 per litre in December 2024.
The new diesel price indicated a 28.48% increase compared to the average diesel pump price of N1,126.69 per litre recorded in the same month of 2023.
The bureau also noted that the December price is a 0.05% increase from N1,446.83 in August 2024 on a month-on-month basis.
Proofreading by James, Ojo Adakole, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
