Nigerian Marketers Cut Fuel Prices Amid Rising Crude Costs
Nigerian depot owners and petroleum marketers have lowered petrol and diesel prices despite an increase in international crude oil prices. Brent crude rose 4.11% to $113.30 per barrel, while US West Texas Intermediate (WTI) increased by 2.36%.
According to data from Petroleumprice.ng, several depots reduced their prices between Wednesday, October 21, and Thursday, October 22, 2026. Aiteo decreased its Premium Motor Spirit (PMS) price by N2 per litre to N1,342 from N1,344.
Ardova lowered its price by N4 to N1,343 from N1,347, while 11Plc cut its price by N3 to N1,344 from N1,347. Masters and Bulk Strategic reduced their petrol prices from N1,344 per litre on Wednesday to N1,342 on Thursday.
TSL and Stock Gap also quoted N1,342 per litre. Additionally, Masters depot reduced its price by N5 to N1,805 per litre on Thursday from N1,810 on October 20.
The Nigerian National Petroleum Company Limited (NNPCL) raised its price to N1,405 per litre at its filling stations, an increase of N35 from the previous rate of N1,370.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
Read full article
Continue on Legit.ng
Get the week in one email
Top stories, NPFL results, the naira, every Friday morning. Free, one email a week.
Related Stories
Nigerian Petrol Prices Drop Below Landing Costs Amid Supply Surge
NNPC Reduces Petrol Prices to N1,350 Amid New Ceiling
Nigerian Marketers Slash Petrol Prices by N24 per Litre
Crude Oil Price Drop Sparks Hope for Lower Petrol Costs
NNPC Retail Implements Temporary Petrol Price Relief Amid Rising Costs
Nigeria Sees Fuel Price Drop as Depot Rates Decline
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
