The landing cost of imported petrol in Nigeria has decreased to N839.97 per litre as of October 21, 2025, according to the latest energy prices bulletin released by the Major Energy Marketers Association of Nigeria. This new price is lower than the cost of petrol sold by Dangote Refinery, which is currently priced at N877 per litre.

The recent decline in the landing cost of petrol marks a decrease from the N841.54 recorded on October 20, 2025. Industry experts attribute this development to the price competitiveness that characterizes a deregulated downstream sector. Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association, confirmed the pricing trend, stating that marketers are opting for cheaper petrol products to offer more affordable prices to consumers.

Ukadike noted that the liberalization of the sector has sparked a price war, with marketers now having the option to purchase petrol at either N877 per litre from Dangote Refinery or N839 per litre from other sources. This development may lead to a decrease in the retail price of petrol across the country.

A review of the latest ex-depot prices revealed that several major marketers, including Emedab, Gulf Treasure, Ardova, and Bono, are selling petrol at N875 per litre, while Dangote Refinery’s price remains at N877 per litre. However, retail outlets in Abuja, such as NNPC, MRS, Ranoil, Total, and Emedab, are currently dispensing petrol at prices ranging from N950 to N965 per litre.

The drop in the landing cost of petrol may have significant implications for the Nigerian market, potentially leading to lower retail prices and increased competition among marketers. As the country continues to navigate the challenges of the downstream sector, industry stakeholders will be closely monitoring the impact of this development on the overall energy landscape. With the sector’s liberalization setting the stage for a price war, consumers may soon benefit from more affordable fuel prices.