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. According to reports, several major fuel retailers, including NIPCO, AA Rano, Eterna, and Empire Energy, have lowered their pump prices across locations in Abuja.

The price reduction ranges from N4 to N10 per liter, with NIPCO and AA Rano now selling at N940 per liter, down from N950 and N955, respectively. Eterna and Empire Energy have also adjusted their prices to N945 and N955, from N955 and N959, respectively. This development follows a similar move by NNPCL retail outlets in Abuja, which recently reduced their pump price to N945 per liter, down from N955.

However, other filling stations, such as MRS (Dangote Petrol) and Ranoil, have maintained their prices at N950 and N955 per liter, respectively, as of Thursday morning. A manager at an MRS filling station in Abuja hinted that a price reduction might be considered in the near future.

The price drop is attributed to a decrease in the landing cost of petrol, which stood at N827.04 per liter as of November 3, 2025, according to data released by the Major Energy Marketers Association of Nigeria. This represents a decline from N829.77 recorded at the end of the previous month. The ex-depot prices of major marketers, including Dangote Refinery, NIPCO, and BOVAS, range from N870 to N872 per liter.

Notably, the petrol landing cost is currently N44.96 cheaper than Dangote Refinery’s ex-depot price, which stands at N872 per liter. This development comes as President Bola Ahmed Tinubu announced a 15% import duty tax on petrol and diesel to encourage Dangote Refinery. The decision is expected to increase imported fuel prices in the coming days, according to industry stakeholders.

The reduction in fuel prices by major retailers is a welcome development for consumers, who have been bearing the brunt of high energy costs. As the industry continues to evolve, it remains to be seen how the new import duty tax will impact the market and consumers in the long run. For now, the price drop offers some respite for motorists and businesses relying on fuel for their operations.