Petrol Prices Across Nigeria’s 36 States And FCT

Petrol Prices Across Nigeria’s 36 States And FCT

As Nigeria grapples with the dynamics of petrol pricing following the recent subsidy removal, the Nigerian National Petroleum Company Limited (NNPCL) has set the official pump price at N617 per litre, a significant increase from the previous rate of N195 per litre…….READ ALSO BREAKING: NNPCL Speaks On ‘Plan To Increase Petrol Pump Prices’

However, actual petrol prices vary across the nation due to several factors influencing the market. Here are some key factors affecting petrol prices in Nigeria:

1. Global Oil Market Trends: Fluctuations in global crude oil prices directly impact domestic petrol prices, as Nigeria’s economy heavily relies on oil exports.
2. Exchange Rate Fluctuations: Changes in the exchange rate between the Naira and the US Dollar affect the cost of importing petroleum products, influencing petrol prices.
3. Subsidy Policies: The removal of fuel subsidies by the government aims to reflect the actual market value and cost of importation, impacting petrol prices.
4. Supply and Demand Dynamics: Internal factors such as refinery output, distribution logistics, and demand within the country also affect petrol prices.
5. Regional Logistics and Distribution Costs: Transportation costs vary by location, leading to price disparities across different regions.

Here’s a snapshot of petrol prices across Nigeria:

• Abia: N687.50 per litre
• Abuja: N632.12 per litre
• Adamawa: N671.40 per litre
• Akwa Ibom: N677.00 per litre
• Anambra: N680.00 per litre
• Bauchi: N650.00 per litre
• Bayelsa: N673.00 per litre
• Benue: N632.84 per litre
• Borno: N657.27 per litre
• Cross River: N663.33 per litre
• Delta: N665.63 per litre
• Ebonyi: N638.71 per litre
• Edo: N662.00 per litre
• Ekiti: N651.33 per litre
• Enugu: N673.87 per litre
• Gombe: N703.00 per litre
• Imo: N687.00 per litre
• Jigawa: N679.67 per litre
• Kaduna: N670.00 per litre
• Kano: N678.27 per litre
• Katsina: N680.40 per litre
• Kebbi: N796.67 per litre
• Kogi: N626.79 per litre
• Kwara: N614.90 per litre
• Lagos: N663.05 per litre
• Nassarawa: N629.32 per litre
• Niger: N624.04 per litre
• Ogun: N653.11 per litre
• Ondo: N653.02 per litre
• Osun: N658.77 per litre
• Oyo: N662.53 per litre
• Plateau: N670.00 per litre
• Rivers: N674.55 per litre
• Sokoto: N664.80 per litre
• Taraba: N704.11 per litre
• Yobe: N675.55 per litre
• Zamfara: N771.43 per litre

The variations in petrol prices underscore the complexity of the market and the need for comprehensive policies to ensure stability and affordability for consumers.

Join our channel for more latest news https://whatsapp.com/channel/0029VaV4jB6DuMRgwqnJCF32