Premium motor spirit prices have been lowered by Nigerian filling stations as the landing cost of petrol continues to decline below the ex-depot price of Dangote Refinery.
On Wednesday, it was gathered that fuel pump prices at NIPCO, AA Rano, Eterna, and Empire Energy filling stations across Abuja had been lowered.
Fuel prices were lowered from N950 to N955 per litre by NIPCO and AA Rano to N940.
Similarly, from N955 to N959, Eterna and Empire Energy retail locations dispense at N945 and 955, respectively.
It was also previously reported that NNPCL retail outlets in Abuja adjusted their pump price downward to N945 per litre, up from N955.
As of Thursday morning, retail fuel rates at other petrol stations, including Rainoil and MRS (Dangote Petrol), were N950 and N955 per litre, respectively.
An Mrs filling petrol station manager who spoke on the condition of anonymity said “We may reduce our price in the evening or so, but at the moment we still dispense fuel at N950 per litre”
This comes only few days after the Major Energy Marketers Association of Nigeria released data on energy prices on November 3, 2025, which revealed that the average cost of petrol had decreased by N827.04 per litre.
Additionally, it represents a decrease from N829.77 at the conclusion of the previous month. Dangote Refinery was at N872, Pinnacle was at N872, NIPCO was at N870, BOVAS was at N870, Aiteo was at N870 and AA Rano was at N870, according to checks on petrol ex-depot prices. According to Petroleum pricing, this resulted in Dangote Refinery’s N2 being more costly than depot owners like NIPCO, AA Rano, and BOVAS.
This coincides with President Bola Ahmed Tinubu’s announcement that he has approved a 15% import duty tax on fuel and diesel in order to support Dangote Refinery.
When put into effect in the upcoming days, the decision made by marketers and stakeholders indicated that the cost of imported petroleum will rise.
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