Some Nigerian filling stations have dropped their retail fuel prices.

 

 

UGAMATV observed on Monday that Ranoil and Empire Energy filling stations dropped their petrol pump prices to N1,370 and N1,383 per liter, down from N1,440 and N1430 per liter, respectively.

 

This means that the filling stations adjusted their retail pump price downwards by N70 and N37 per liter.

 

 

A manager, who preferred anonymity, revealed that the adjustment was to remain competitive in petrol pricing in the country’s downstream sector.

 

UGAMATV reports that Nigerian National Petroleum Company Limited and MRS filling stations dispense petrol at N1,361 and N1,367 per litre respectively.

 

 

The development comes as crude oil prices plummeted by almost 10 percent to $100.2 per barrel for Brent and $88.85 per barrel for West Texas Intermediate as both US and Iranian authorities confirmed talks to end the war escalation in the Middle East.

 

The downward trend of Crude oil prices on Monday has triggered hopes that Dangote Refinery would drop its gantry petrol which stood at N1,245 per litre after several hikes in March 2026.