Petrol prices at Nigerian filling stations in Abuja fell to N1,295 per liter on Friday, down from N1,330. The N35 reduction was observed at AA Rano, Ranoil, and Mobil stations across the city. The drop follows weeks of major downstream players like NNPC Limited, MRS, AP Ardova, and NIPCO selling petrol between N1,290 and N1,295 per liter. Independent Petroleum Marketers Association of Nigeria president Abubakar Maigandi said the adjustment was necessary to boost patronage. "It is required to boost patronage," he told DAILY POST. Fuel prices have remained stable since April 9, 2026, despite fluctuations in global crude oil markets. West Texas Intermediate and Brent Crude traded at $94 and $105 per barrel on Friday amid uncertainty over the Strait of Hormuz.
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