Fuel prices have dropped at several filling stations in Abuja as the landing cost of Premium Motor Spirit (PMS) continues to fall, now sitting below the ex-depot price of Dangote Refinery.
Checks by Nigerian Newssphere on Wednesday revealed that major retailers, including NIPCO, AA Rano, Eterna, and Empire Energy, have adjusted their pump prices downward.
At NIPCO and AA Rano stations, petrol now sells at N940 per litre, reduced from N950–N955. Eterna and Empire Energy also reviewed their pump prices to N945 and N955, down from N955 and N959 respectively.
This marks a reduction of between N4 and N10 per litre across several retail outlets in the Federal Capital Territory.
Earlier in the week, NNPC retail outlets in Abuja similarly adjusted pump prices to N945 per litre, down from N955.
However, prices remain unchanged at some stations. For instance, MRS (Dangote-branded Petrol) and Ranoil maintained pump prices at N950 and N955 as of Thursday morning.
“We may review our price later today, but for now we still sell at N950 per litre,” an MRS station manager who requested anonymity told Nigerian Newssphere.
What’s Driving the Price Reduction?
Latest data from the Major Energy Marketers Association of Nigeria (MEMAN) released on November 3, 2025, shows that the landing cost of petrol has fallen to N827.04 per litre, down from N829.77 recorded at the end of October.
Meanwhile, new ex-depot petrol prices were recorded as follows:
Marketer/Depot Ex-Depot Price (₦/Litre)
Dangote Refinery N872
Pinnacle N872
NIPCO N870
BOVAS N870
Aiteo N870
AA Rano N870
This means the current landing cost is N44.96 lower than Dangote Refinery’s ex-depot price of N872 per litre.
15 percent fuel import duty Govt Policy May Push Prices Up Again
This development comes just days after President Bola Ahmed Tinubu approved a 15 percent import duty on petrol and diesel to encourage patronage of the Dangote Refinery and reduce import dependence.
Marketers and labour groups, including the Nigeria Labour Congress (NLC), have warned that the tariff could push fuel prices higher once implementation begins.
