Nigerian fuel retailers have cut petrol prices for the second time in just over a week, passing on savings from a recent reduction in ex-depot costs announced by Dangote Refinery.
A market survey conducted on Monday found MRS filling stations, which are backed by the refinery, selling Premium Motor Spirit at N1,210 per litre in Abuja and surrounding areas. That represents a N50 drop from the previous N1,260 per litre. Other operators along the Kubwa Expressway, including AA Rano, lowered their prices by N25 to approximately N1,275 per litre.
The adjustments follow Dangote Refinery’s announcement last week that it had reduced the wholesale price of both petrol and Automotive Gas Oil. The refinery, which began operations in 2024, has positioned itself as a key supplier to the domestic market, and its pricing decisions are closely watched by independent marketers.
Retailers had already trimmed pump prices by between N25 and N45 per litre eight days earlier, responding to the same supply-side shift. Monday’s further reductions suggest the full effect of the refinery’s latest price review is now filtering through the distribution chain.
Industry observers say the consecutive cuts reflect improved supply dynamics and the growing influence of local refining capacity on downstream pricing. With Dangote Refinery ramping up output, marketers have greater access to domestically produced fuel, reducing reliance on imported cargoes and the associated logistics costs.
Consumers in the Federal Capital Territory and neighbouring states are seeing the benefit at the pump, though prices still vary across regions due to transportation and operational differences. The Nigerian National Petroleum Company Limited has not yet adjusted its official pump price, which remains a benchmark for many outlets.
Further adjustments are possible in the coming days as the market absorbs the new cost structure. For now, the trend points to a gradual easing of fuel costs in Africa’s largest Economy, driven by supply-side reforms rather than subsidy interventions.
