As Nigeria’s downstream sector grapples with persistent supply chain challenges, fuel prices across the country remain volatile, with stark regional disparities highlighting ongoing distribution and logistical issues.
This week, 7th to 12th of April, the price of Premium Motor Spirit (PMS), commonly known as petrol, continues its upward trend nationwide, with motorists across the six geopolitical zones paying varying rates at the pump.
Federal Capital Territory
In Abuja, pump prices are relatively moderate compared to northern states but still elevated. At Shema Filling Station along Airport Road, petrol is sold at ₦960 per litre, fitting within the broader Abuja pricing range of ₦950 to ₦970. Market watchers note ongoing supply constraints and fluctuating depot charges as major factors.
South West
In Lagos, FVB Filling Station in Igando is selling petrol at ₦925 per litre, consistent with the broader South West pricing band of ₦920 to ₦950 per litre. While stable compared to recent weeks, the figures reflect lingering cost pressures driven by depot pricing and transportation overheads.
South East
In Owerri, Imo State, petrol prices currently range between ₦950 and ₦980 per litre, placing the South East in the higher mid-range bracket nationally. Local dealers point to haulage and distribution bottlenecks as key drivers behind the sustained high prices.
Additionally, Oando Filling Station is offering PMS at ₦960 per litre, reinforcing the regional pricing average and highlighting some pricing consistency among major retailers.
South South
In the South South, prices remain high but relatively uniform. At Efaco Nigeria Ltd, located along the Uyo-Ikot-Ekpene Road in Uyo, Akwa Ibom, petrol sells for ₦950 per litre. This aligns with the regional pricing spectrum of ₦945 to ₦985, with marketers citing elevated landing costs and inland freight charges as primary factors.
North West
The North West zone has also seen rising pump prices, particularly in urban areas. In Kano State, AYM Shafa Filling Station in Map-Dorayi is dispensing petrol at prices ranging between ₦960 and ₦980 per litre. Regional marketers attribute the surge to distribution inefficiencies and delayed supply chains.
North East
The North East continues to report the highest fuel prices in the country. At AA Rano Filling Station, situated at Amala Roundabout in Bauchi, petrol is retailing at ₦980 per litre, while broader regional prices range between ₦970 and ₦1,000 per litre. Fuel suppliers in the region cite insecurity, long-distance haulage, and depot shortages as key issues impacting pricing.
North Central
In Kwara State, Lare Gada Petrol Station at Share-Oja Oba Road, Apata Yakubu, Ilorin, is selling petrol at ₦950 per litre, aligning with the broader North Central pricing range of ₦950 to ₦980. Market watchers note ongoing supply constraints and fluctuating depot charges as major factors.
Sector Implications: Pressure Mounts on Consumers
The persistent hike in petrol prices continues to strain household budgets and logistics costs across the country. As price disparities grow between the coastal and inland regions, industry observers warn of a ripple effect on transportation costs and inflationary trends.
With the Federal Government’s recent push to fully implement the Naira-for-Crude initiative and encourage domestic refining, expectations remain high for policy-driven stabilization. However, until refinery outputs are consistent and distribution gaps are addressed, pump prices are likely to remain fluid and regionally uneven.
