Fuel prices drop across Nigeria

Some oil marketers across the country have begun selling fuel at lower prices, providing much-needed relief to Nigerians amid the ongoing fuel scarcity.

Reports revealed that prices at these filling stations now range between N570 and N640 per litre, compared to the N800 to N900 per litre seen at other stations.

The drop in prices is particularly noticeable at filling stations owned by the seven major marketers, including 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc, and NNPC Retail.

In the Ikotun area of Lagos, two Ardova Plc stations were observed selling fuel at N630 per litre, while an NNPC outlet offered fuel at an even lower price of N570 per litre.

Below is a list of filling stations and their corresponding prices:

– TotalEnergies, Ikeja, Lagos – N640 per litre

– Oando – N630 per litre

– MRS – N620 per litre

– NNPC Retail – N585 per litre

– Ardova – N640 per litre

In a related development, the Major Oil Marketers Association of Nigeria (MOMAN) has secured approval to purchase fuel from the Dangote Refinery ahead of its much-anticipated rollout.

Clement Isong, Executive Secretary/CEO of MOMAN, confirmed that all MOMAN members have registered with the Dangote Petroleum Refinery to market its products once they become available.

“We have all registered with Dangote so that we can buy and sell. All my members are registered with Dangote. Whenever the product is ready and starts coming out, you will see it in our filling stations,” Isong said