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Petrol Sales Crash Nationwide as Prices Hit N1,350 Per Litre

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Petrol sales in Nigeria drop sharply as prices rise above N1,350 per litre, forcing motorists to reduce consumption and switch transport options

Petrol sales across Nigeria have dropped sharply as rising fuel prices continue to strain consumers and reshape purchasing behaviour.

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Oil marketers say filling stations that previously sold about 10,000 litres daily now sell between 1,000 and 2,000 litres, while some record as low as 300 litres per day.

The increase in pump prices has forced motorists to adjust consumption patterns, with many now buying just four to five litres at a time.

The price of petrol has risen from about N839 per litre to over N1,350, while diesel now sells above N1,750 per litre.

The increase has been linked partly to rising global oil prices driven by geopolitical tensions in the Middle East involving the United States, Iran, and Israel.

The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria IPMAN, Chinedu Ukadike, said consumption has fallen significantly across stations.

“Stations that once sold 10,000 litres are now selling just 1,000–2,000 litres, and some only 300 litres. People are buying less and switching to smaller, more fuel-efficient cars, electric vehicles, tricycles, and other transport options,” he said.

Another oil marketer, Alhaji Isa Muhammad, said the price surge has increased operating costs and reduced profit margins.

He noted that marketers are now adjusting to lower demand and tighter working capital conditions.

Industry operators also blamed the absence of fully functional government-owned refineries for continued instability in domestic fuel pricing.

They argued that improved refinery output could reduce import dependence and help stabilise prices.

Some marketers are now diversifying into alternative energy products and improving operational efficiency to stay afloat.

They are also cutting costs, optimising supply chains, and adjusting pricing strategies in response to reduced demand.

Ukadike added that increased crude oil production and improved refining capacity could position Nigeria to export refined petroleum products in the future.

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The development highlights ongoing pressure in Nigeria’s downstream oil sector as consumers and businesses adjust to sustained fuel price hikes.

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Governor Dauda Lawal woos investors, highlights Zamfara’s economic opportunities at CEO Forum

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Zamfara State Governor, Dauda Lawal, has called for stronger collaboration between government, businesses and investors to unlock private capital and drive inclusive economic growth in the state.

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Lawal made the call while delivering a Special Policy Address at the 2026 CEO Forum organised by the Global Compact Network Nigeria in Lagos.

The forum, held under the theme “Financing a Dignified Future: Aligning Business Action, Policy and Capital,” brought together chief executives, senior government officials, industry leaders, diplomats, trade commissioners and international development partners.

Participants were drawn from key sectors of the economy, including oil and gas, energy, manufacturing, construction and infrastructure.

The governor spoke on the growing competition among states for increasingly selective private capital and the factors that could transform an economic opportunity into an investable proposition.

He explained how his administration was working to bridge the gap between available economic opportunities and investment, with emphasis on building investor confidence while ensuring that investments deliver meaningful outcomes for the people of Zamfara.

According to him, attracting investment requires more than identifying economic opportunities, but also creating the conditions, policies and partnerships capable of giving investors confidence to commit capital.

The forum provided a platform for business leaders, government officials and investors to examine ways of aligning business strategies, public policies and capital deployment to unlock productive investment.

Discussions also focused on identifying businesses, sectors and projects with strong potential but facing difficulties in accessing financing, as well as measures to make such opportunities more attractive to investors.

The organisers also introduced the concept of the “Dignity Dividend,” examining how investment-led growth could translate into better jobs, stronger businesses, increased productivity, local value creation and broader economic participation.

Another key component of the forum was the identification of actionable commitments and partnerships that participating institutions could advance over the next six to 12 months.

Notable speakers at the event included chief executives of First Bank Group, Access Bank, Flour Mills of Nigeria Plc, Nigeria Economic Summit Group, Nigerian Exchange Group, Chellarams Plc, SecureID Group and Greenwich Merchant Bank Plc, among others.

The organisers said the session would culminate in a live showcase of the Business Value and Sustainability Platform (BVSP), described as a standing coalition of business, capital and policy actors designed to sustain the dialogue.

The platform is also expected to contribute to shaping Nigeria’s private-sector engagement during the United Nations General Assembly High-Level Week.

The governor’s participation in the forum comes as Zamfara seeks to strengthen its economic base, attract productive investment and create opportunities that can support sustainable livelihoods and wider participation in the state’s economy.

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Fuel subsidy debate: Between economic reform and political expediency

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Atiku petrol subsidy plans have reignited Nigeria’s 2027 debate as the ADC candidate promises relief while the Presidency demands clarity

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Lawal Strengthens Zamfara Judiciary With ₦600m Support

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The governor distributed official vehicles to judicial officers and said about 90 per cent of court rehabilitation projects across the state had been completed

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