Some Nigerian filling stations have trimmed petrol prices as operators compete for customers in the country’s downstream fuel market. Prices remain elevated, but AA Rano, Mobil and other retailers have made modest reductions in Abuja and surrounding areas.
Quick facts
- AA Rano’s petrol price fell to N1,420 per litre from N1,450.
- Mobil reduced its rate to N1,410 per litre from N1,435.
- The cuts amounted to N30 and N25 per litre, respectively.
- Brent crude traded at about $103 a barrel, while WTI stood near $100.30.
AA Rano is now selling petrol at N1,420 per litre, while Mobil has set its pump price at N1,410 in Abuja and nearby locations. Their previous prices were N1,450 and N1,435 per litre, respectively.
The changes represent reductions of N30 per litre for AA Rano and N25 for Mobil. Other filling stations have also adjusted prices slightly, although petrol remains expensive for consumers.
The downward movement came as international crude prices declined to roughly $103 per barrel for Brent and $100.30 for West Texas Intermediate when the market check was conducted.
Nigerian fuel retailers had previously faced pressure to lower pump prices. At that point, petrol was selling across filling stations for between N1,395 and N1,450 per litre.
