By Fatima Mukhtar
Nigerians are witnessing another round of fuel price changes as leading oil marketers including Dangote, BOVAS, and AA Rano have made fresh adjustments to the pump price of Premium Motor Spirit (PMS), also known as petrol.
The latest development follows fluctuations in global crude oil prices, exchange rate instability, and varying operational costs across regions. Reports indicate that the adjustments differ from one marketer to another, with some reflecting slight increases and others reducing their rates to attract customers.
At several Dangote Refinery retail outlets, petrol is now sold between ₦595 and ₦620 per litre, depending on the location. BOVAS and AA Rano stations, on the other hand, are offering fuel between ₦580 and ₦610 per litre. Independent marketers in some states reportedly charge slightly higher due to logistics and supply costs.
Energy analysts say the adjustments show the reality of Nigeria’s deregulated downstream sector, where fuel prices are influenced by market forces rather than government subsidies. They also noted that the Dangote Refinery’s growing role in local supply has helped improve product availability and reduce dependence on imports.
In northern cities such as Kano and Katsina, motorists have raised concerns about the constant price fluctuations, calling on regulatory authorities to ensure uniformity and fairness across all outlets. Meanwhile, in Lagos and Abuja, some commuters have expressed relief over minor reductions at certain stations, describing it as a welcome change amid rising living expenses.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has since directed all marketers to display current pump prices visibly and avoid hoarding or manipulation, warning that defaulting stations will face sanctions.
With ongoing reforms in the oil and gas sector and increased production at the Dangote Refinery, experts believe fuel prices may stabilize in the coming months, offering Nigerians a more predictable energy market.
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