Private depot owners have adjusted their petrol prices amid a rise in global crude oil prices, which reached $105.7 per barrel on Friday, April 24, 2026. The latest movements show mixed trends in product pricing across key depots across Nigeria. The price competition in the downstream sector is expected to influence how much Nigerians pay at filling stations.
Depot Petrol Prices Show Mixed Movement
Data obtained from Petroleumprice.ng indicates that in Lagos, petrol prices recorded mixed movement across major marketers. Rain Oil increased from N1206 to N1230, while Bono eased slightly from N1207 to N1205. Ascon, Nipco, and Aiteo saw marginal declines within the N1204 to N1206 range, while Pinnacle remained stable at N1204.
In contrast, diesel prices in Lagos rose sharply across major operators. Nipco moved from N1755 to as high as N1880, Duport climbed from N1760 to N2000, Ibachem rose to N1930, and TMDK advanced to N1905.
Regional Variations in Fuel Pricing
In Warri, petrol prices were largely stable but edged lower across most depots. Matrix, Rain Oil, Prudent, and Nepal all eased from about N1230 to N1220. However, diesel prices in the region moved higher, with Matrix rising from N1835 to N1950, while Danmarna, Nipco, and First Fortune all advanced to around N1900.
Port Harcourt petrol prices remained unchanged at N1230, indicating balanced supply and demand conditions. Diesel prices strengthened significantly, with Sigmund and Matrix both rising to N1950 from earlier lower levels.
In Calabar, petrol prices remained flat at N1230 across depots throughout the period, reflecting stable supply conditions and subdued demand.
Filling Stations Reduce Pump Prices
Fuel retailers have also lowered petrol prices in a bid to attract more customers. Notable adjustments were recorded in Abuja and surrounding areas. Market observations on Friday, April 24, 2026, showed pump prices dropping to about N1,295 per litre, compared to the previous average of N1,330. This represents a reduction of N35 per litre, according to The Guardian.
The Nigerian National Petroleum Company Limited (NNPCL), MRS, AP (Ardova), and NIPCO kept prices within N1,230 to N1,295 per litre in Lagos and Abuja.
Aviation Fuel Price Dispute
Legit.ng earlier reported that Nigeria's aviation sector is on edge as a fierce dispute over the price of aviation fuel threatens to disrupt domestic flight operations. The Major Energies Marketers Association of Nigeria (MEMAN) has pushed back against claims by the Airline Operators of Nigeria (AON) that Jet A1 fuel now costs as high as N3,300 per litre, a figure airlines say is forcing them toward a potential shutdown. MEMAN expressed surprise at the N3,300 per litre figure, describing it as significantly above prevailing market rates.
