Retail outlets such as Ranoil and Sharon filling stations have adjusted their prices downward to ₦1,280 per litre, a reduction from the previous ₦1,300, representing a ₦20 or 1.54 percent decrease.
Meanwhile, the Nigerian National Petroleum Company Limited (NNPCL) and MRS filling stations are currently selling petrol at ₦1,261 per litre, making them ₦19 cheaper than Ranoil and Sharon outlets.
However, not all stations have followed the trend, as others—including AA Rano and Empire Energy—continue to sell petrol within the ₦1,300 to ₦1,330 price range.
At the supply level, the Dangote Refinery has maintained its gantry price at ₦1,175 per litre. Similarly, depot owners such as Pinnacle, Parker, and Zamson are pricing petrol between ₦1,192 and ₦1,200 per litre.
The price adjustments come amid fluctuations in global oil benchmarks, with Brent crude recently climbing to $114 per barrel before easing to around $107 per barrel as of Thursday night.
Industry watchers say the mixed pricing across stations reflects ongoing market adjustments as marketers respond to changes in international crude prices and local supply dynamics.