Petrol Price Adjustments Expected as New Supplies Arrive

Petrol consumers in Nigeria are poised for potential relief as fresh fuel supplies are set to enter the market, prompting the Independent Petroleum Marketers Association of Nigeria (IPMAN) to indicate that filling stations could review their pump prices. Chinedu Ukadike, IPMAN National Publicity Secretary, disclosed this on Thursday, September 3, 2026, during an interview in Abuja.

The arrival of new petroleum products is expected to influence pricing and sales strategies, although the timing of any adjustments remains uncertain. Purchases may begin within days, depending on the supply process.

Recent weeks have seen petrol prices at depots and filling stations rise significantly, with the refinery's ex-depot price increasing from N1,165 per litre to N1,265. This has led to higher costs for motorists, prompting calls for government intervention to stabilize the market.

Despite a reported 2% decline in crude oil prices, depot prices remain high, with some depots recording prices between N1,270 and N1,290 per litre.