Filling stations across Nigeria have reduced the pump price of Premium Motor Spirit (PMS) following a further drop in the landing cost of petrol below Dangote Refinery’s ex-depot price.
According to Daily Post, several stations in Abuja—including NIPCO, AA Rano, Eterna, and Empire Energy—adjusted their prices on Wednesday in response to the new cost trend.
NIPCO and AA Rano now sell petrol at ₦940 per litre, down from between ₦950 and ₦955, while Eterna and Empire Energy reduced their prices to ₦945 and ₦955 per litre from ₦955 and ₦959, respectively.
The development means most filling stations in the capital have lowered their pump prices by between ₦4 and ₦10 per litre.
Earlier, the Nigerian National Petroleum Company Limited (NNPCL) also reduced prices at its retail outlets in Abuja from ₦955 to ₦945 per litre.
However, some stations such as MRS (Dangote Petrol) and Ranoil have maintained their previous rates of ₦950 and ₦955 per litre.
“We may reduce our price later in the day, but for now, we still dispense at ₦950 per litre,” a manager at an MRS outlet in Abuja told Daily Post anonymously.
Recent data released on November 3, 2025, by the Major Energy Marketers Association of Nigeria (MEMAN) showed that the landing cost of petrol dropped to ₦827.04 per litre, down from ₦829.77 recorded at the end of October.
By comparison, ex-depot prices stood at ₦872 per litre for Dangote Refinery and Pinnacle, while NIPCO, BOVAS, Aiteo, and AA Rano sold at ₦870 per litre—making Dangote’s rate ₦2 higher than other depot operators.
With the current figures, the landing cost of petrol is ₦44.96 cheaper than Dangote Refinery’s ex-depot price.
Meanwhile, President Bola Ahmed Tinubu recently approved a 15 per cent import duty tax on petrol and diesel to encourage Dangote Refinery and boost local refining.
Industry stakeholders, however, have warned that the new import duty could push up fuel prices in the coming days, despite the temporary relief consumers are currently enjoying.