Okay.ng reports that petrol prices across Nigeria have fluctuated through April 2025 due to changes in supply, forex rates, and refining costs. Both consumers and transporters continue to feel the impact of these price shifts.
Current Petrol Prices
- NNPC Retail Stations: ₦920 per litre in Lagos, ₦950 in Abuja
- Independent Marketers: ₦930 – ₦970 per litre, depending on location and depot
- Depot Price: ₦865 per litre from local refineries, aiming to lower pump prices over time
Regional Price Breakdown
| Region | Price Range (₦/litre) |
|---|---|
| South-West | ₦930 – ₦950 |
| North-Central | ₦940 – ₦960 |
| South-East | ₦950 – ₦970 |
| North-East | ₦960 – ₦980 |
| South-South | ₦940 – ₦960 |
Prices vary due to transportation costs, access to depots, and regional demand.
What’s Driving Fuel Price Changes?
- Global Oil Prices: Crude oil market shifts directly affect local pricing
- Dollar to Naira Rates: Importation costs rise or fall based on currency strength
- Local Refining: Increased output from local refineries has helped ease depot prices
- Policy Changes: Subsidy removal and forex reforms continue to shape pump prices
Market Outlook
Fuel prices are expected to stabilize gradually as local refining capacity increases and logistics improve. However, any shifts in global oil prices or exchange rates may still influence short-term changes at the pump.
