Nigerian filling stations have lowered the price of premium motor spirit after the landing cost of petrol fell further below Dangote Refinery’s ex‑depot price. Several major fuel retailers—including NIPCO, AA Rano, Eterna and Empire Energy—have reduced their pump prices in Abuja. The cuts range from N4 to N10 per litre: NIPCO and AA Rano now sell at N940 per litre, down from N950 and N955 respectively; Eterna and Empire Energy have adjusted to N945 and N955 per litre, down from N955 and N959.
This follows a similar reduction by NNPCL retail outlets in Abuja, which recently cut their price to N945 per litre from N955. In contrast, some stations such as MRS (Dangote Petrol) and Ranoil have kept their prices at N950 and N955 per litre as of Thursday morning. A manager at an MRS station in Abuja hinted that a price reduction could be considered soon.
The price drop is linked to a decline in the landing cost of petrol, which stood at N827.04 per litre on 3 November 2025, according to the Major Energy Marketers Association of Nigeria. This is lower than the N829.77 recorded at the end of the previous month. Ex‑depot prices for major marketers, including Dangote Refinery, NIPCO and BOVAS, range from N870 to N872 per litre, making the current landing cost N44.96 cheaper than Dangote Refinery’s ex‑depot price of N872 per litre.
President Bola Ahmed Tinubu has announced a 15 % import duty tax on petrol and diesel to encourage the Dangote Refinery. Industry stakeholders expect this measure to raise imported fuel prices in the coming days. While the reduction in fuel prices by major retailers offers welcome relief for consumers and businesses facing high energy costs, the longer‑term impact of the new import duty tax on the market and motorists remains uncertain. For now, the price cut provides some respite for those relying on fuel for their operations.
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