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Check out the cost of fuel in various depots around Nigeria

Nigerians Raise Concerns over 7.5% VAT on Diesel

Diesel station (Image credit: Freepik)

Key highlights 


In its Industry Data Sheet, the Major Oil Marketers Association of Nigeria (MOMAN) outlined the prices of fuel in various hubs across the country between April 11 to April 14. 

According to MOMAN, the naira per litre prices were calculated based on the Central Bank of Nigeria (CBN) rate of N460 to a dollar. The prices are as follows: 

April 11 

April 12 

April 13 

April 14 

The retail fuel price Context 

A review of these prices showed them as reasonably stable. However, when there is a high demand for fuel and there are challenges in distribution, the prices could skyrocket. Right now, there is no fuel scarcity in the country and retail fuel is selling for an average of N200 per litre in Abuja filling stations, apart from NNPC filling stations that can sell for N190 or N195 per litre.  

As Nairametrics reported in January 2023 when there was some level of fuel scarcity in some parts of the country, MOMAN had admitted to logistics and foreign exchange challenges as being the reason for scarcity and increased costs of retail fuel.  

At the time, MOMAN had said that fuel queues were caused by exceptionally high demand and bottlenecks in the distribution chain. The Association stated further that the major cause was the shortage and high US dollar costs of daughter’s vessels for ferrying products from mother vessels to depots along the coast. 

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The Association also said there was an inadequate number of trucks to meet the demand to deliver products from depots to filling stations nationwide. So, high logistics and exchange rate costs were putting pressure on prices at the pumps. 

The fuel subsidy context 

MOMAN has previously revealed that it supports the removal of fuel subsidies. In January 2023, the Association stated: 

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