Filling stations across Nigeria have begun reducing the pump prices of Premium Motor Spirit (petrol) following a further reduction in gantry prices by the Dangote Petroleum Refinery. The move by Dangote has triggered a chain of downward price adjustments at depots and retail outlets nationwide.
Petrol Price Relief Spreads Across Cities
An early market survey revealed that filling stations such as Sunset Energy and Emedab in Abuja adjusted their prices to N1,345 and N1,360 per litre, down from N1,450 and N1,365 per litre respectively. In Lagos, NNPC filling stations sold petrol at approximately N1,310 per litre, while MRS Oil stations sold at around N1,330 per litre, and Ardova Plc stations at about N1,310 per litre. However, stations operated by NNPC, Ranoil, AA Rano, NIPCO Plc, and MRS Oil in Abuja kept pump prices between N1,350 and N1,370 per litre at the time of filing this report.
The price cut by Dangote, approximately N25 per litre, is reshaping Nigeria's downstream oil market. Meanwhile, the retail price of Automotive Gas Oil (diesel) remained unchanged, trading between N1,900 and over N2,000 per litre nationwide.
Depot Price Adjustments
Private depots across the country also adjusted ex-depot petrol prices by between N1 and N22 per litre, depending on supplier, quantity, and location. Key depot prices include:
- African Terminal: N1,252
- Aiteo: N1,251
- NIPCO: N1,252
- Pinnacle Oil: N1,256
- Liquid Bulk Petroleum: N1,285
- Ascon Oil: N1,252
- Bonny Oil: N1,252
- Integrated Oil and Gas: N1,252
- Ardova Plc: N1,251
- Dangote Refinery: N1,253
Other private depots, including AA Rano, MRS Oil, Quest Petroleum, Techno Oil, and AIPEC, quoted ex-depot prices between N1,252 and N1,254 per litre.
Dangote Sues Nigerian Government Over Import Licenses
Earlier, Legit.ng reported that Dangote Petroleum Refinery approached the Federal High Court in Lagos, seeking to invalidate recent fuel import licenses issued or renewed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in favour of NNPC and some independent marketers. The company argued that the approvals violate an existing court order maintaining the status quo and provisions of the Petroleum Industry Act (PIA), which restrict fuel imports when domestic supply is sufficient. Dangote maintained that Nigeria now has adequate local refining capacity, making broad fuel importation approvals unnecessary. The NMDPRA and the Attorney General's office have not commented.
