Despite a recent price cut by Dangote Refinery, petrol prices remain high throughout the country.
The company announced on Wednesday that it would lower the ex-depot price of petrol from N890 to N825 per litre, a decrease of N65.00.
This adjustment is scheduled to take effect from Thursday at selected filling stations in all six geopolitical zones.
The company indicated that this move aims to reduce “the financial burden on Nigerians, particularly with the Ramadan season approaching, while also supporting the economic recovery initiatives of President Bola Ahmed Tinubu.”
However, an investigation by our reporters across the country showed that not much has changed in terms of fuel price.
The price ranges between N935 and N955 per litre at the various filling stations in Ibadan.
The price also depends largely on the dealer and location of the filling stations.
The price is between N950 and N970 in Osogbo, Owode-Ede, Okini, Ede and Ilobu, all in Osun State.
A motorist resident in Osogbo, Shina Odebode, told The Nation that he bought a litre for N950 on Friday.
Major marketers in Edo State are selling a litre for N970 while independent marketers sell for N1,000 and above per litre.
A litre still goes for between N995 and N1,000 per litre in Asaba, the Delta State capital, while filling stations in Ogwashi-Uku, Issele-Uku and other outlying towns in the state sell for N1,000.
The Nigerian National Petrol Company Ltd (NNPCL) mega stations on the Benin-Onitsha Expressway and Okpanam sell at N990.
Some independent marketers retail at N999 per litre.
The price is between N930 and N980 in the twin cities of Warri and Effurun.
Most of the filling stations in Yenagoa, Bayelsa State capital sell a litre of petrol for between N990 and N1,050 and between N1,010 and N1,090 in Uyo, Akwa Ibom State.
However, NNPC mega outlets in Uyo sell for N990.
In the Southeastern states of Abia, Anambra, Ebonyi, Enugu and Imo, the situation is not substantially different.
Most of the filling stations in the states dispense a litre at between N940 and ₦1,100
Commuters complained about continuing to bear the brunt of the high cost of fuel.
Many filling stations in Kano, Kaduna, Katsina and Minna also sell for between N950 and N1,100, although MRS outlets in Kaduna sell for N880.
The latest price reduction by Dangote Refinery was its second last month following a previous decrease of N60.00 earlier in the month.”
In December 2024, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre.
It was observed that motorists drove easily into the various filling stations to make their purchases.