By Dada Ahmed, Lokoja.
Lokoja residents and its environs in kogi state are beginning to experience a gradual reduction in petrol prices, sparking hopes of potential relief in transportation costs and economic activities across the state as the year 2025 draws nearer.
Recent data from filling stations in Lokoja show that petrol prices have dipped below the N1,000 mark in some locations, following collaborative efforts between Dangote Refinery and MRS to stabilize and lower fuel costs nationwide.
A visit by The Reporters to the NIPCO filling station along the Gadumo axis of Ganaja Road on Wednesday revealed petrol being sold at N1,065 per litre, down from a previous price of N1,200. At the NNPC station on Murtala Mohammed Road, prices dropped further to N980 per litre, marking significant progress in fuel affordability.
Market observations indicate that increased product availability has played a major role in the price reduction, as most filling stations in the city are now open and dispensing fuel without the long queues previously seen.
Motorists and commuters in Lokoja have expressed optimism about these developments. Mal. Isa Oricha, a commercial driver operating the Lokoja-Okene route, described the gradual decline in petrol prices as a “good omen,” expressing hope that further reductions will lead to lower transport fares.
Miss Amina Salihu, a regular commuter between Lokoja and Okene, stated that her weekly transport costs have remained high, ranging between N3,500 and N4,000, compared to N2,000–N2,200 a few months ago. However, she commended the ongoing efforts of Dangote Refinery and MRS in reducing fuel prices, highlighting the potential for broader economic benefits.
“The gradual reduction in petrol prices will eventually lower transport fares and reduce the cost of essential goods and services,” she noted.
Residents have called on the federal government to expedite the rehabilitation of the nation’s refineries to ensure consistent fuel production and supply. Many believe this would stabilize supply and demand dynamics, further driving down prices.
Atmosphere at some gas stations on the state capital also revealed similar development as one kg of the product dropped from N1,300 to N1,250 or N1,200, depending on the station and location.
Despite the positive trend, transportation costs remain high in Lokoja, with some trips still costing up to N1,000. Stakeholders are optimistic that continued reductions in petrol prices will eventually ease these burdens, providing relief to commuters and stimulating local economic growth.
