News Update
Nigerian filling stations have reduced the price of premium motor spirit as the landing cost of petrol dropped further below Dangote Refinery’s ex-depot price.
It was gathered on Wednesday that NIPCO, AA Rano, Eterna, and Empire Energy filling stations across locations in Abuja have reduced their fuel pump price.
NIPCO and AA Rano dropped their fuel price to N940 per litre, down from between N950 and N955.
Similarly, Eterna and Empire Energy retail outlets dispense at N945 and 955 from N955 and N959, respectively.
This means that the filling stations in Abuja reduced their petrol pump prices between N4 and N10 per litre.
Newspaper earlier reported that NNPCL retail outlets in Abuja adjusted their pump price downward to N945 per litre, up from N955.
Meanwhile, at other filling stations, including MRS (Dangote Petrol) and Ranoil, retail petrol prices have remained unchanged at N950 and N955 per litre, respectively, as of Thursday morning.
“We may reduce our price in the evening or so, but at the moment we still dispense fuel at N950 per litre,” an MRS filling station manager in Abuja told Journalist in anonymity.
This comes days after energy prices data released on November 3, 2025, by the Major Energy Marketers Association of Nigeria showed that the price of the landing cost of petrol dropped N827.04 per litre.
This is a drop from N829.77 recorded at the end of last month.
Checks on petrol ex-depot prices showed that Dangote Refinery stood at N872, Pinnacle (N872), NIPCO (N870), BOVAS (N870), Aiteo (N870), and AA Rano (N870). This made Dangote Refinery’s N2 more expensive than depot owners such as NIPCO, AA Rano, and BOVAS, according to Petroleumpricing.
Also, the petrol landing cost at N827.04 per litre is N44.96 cheaper than Dangote Refinery’s ex-depot price for petrol, which stood at N872 per litre.
This comes as President Bola Ahmed Tinubu announced that he has given approval to a 15 per cent import duty tax on petrol and diesel to encourage Dangote Refinery.
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