More Nigerian filling stations have reduced their petrol pump prices as competition intensifies in the country's downstream petroleum market. Checks by Legit.ng showed that MRS and Ardova filling stations in Lagos have reduced their petrol prices to N1,355 per litre, down from N1,370 per litre and above previously charged by the affected filling stations.
This means motorists in Lagos can now buy petrol at a lower price as petroleum marketers respond to changes in the cost of locally refined products. The development is also being seen in Abuja, where AA Rano, Ranoil and other filling stations have reduced their petrol prices to N1,400 per litre from N1,420, representing a N20 reduction per litre.
Petrol Prices Fall Across Major Cities
The latest reductions mean petrol prices at major filling stations in Lagos and Abuja are now ranging from about N1,355 to N1,430 per litre, depending on the location and filling station. The downward price adjustments follow recent cuts by the Nigerian National Petroleum Company Limited (NNPCL), which had reduced its petrol prices to N1,370 per litre, putting pressure on other marketers to review their pump prices to remain competitive.
The development is expected to provide some relief for motorists and businesses that have faced high transportation and operating costs following the increase in petrol prices over the past year. The latest cuts by MRS, Ardova, AA Rano and Ranoil could encourage more filling stations to reduce their prices as competition increases.
Dangote Refinery Cuts Gantry Price
The latest reductions followed Dangote Refinery's decision to reduce its gantry petrol price by N25 per litre to N1,325. The price cut has triggered fresh adjustments across the downstream petroleum market as filling stations respond to lower supply costs and increased competition.
The refinery's growing contribution to Nigeria's domestic fuel supply has also changed the dynamics of the downstream market, with marketers increasingly adjusting pump prices in response to local refinery prices. Industrial data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that Dangote Refinery supplied the majority of domestic fuel in Nigeria in August 2026.
Petrol Imports Drop to 14.6 Million Litres
Earlier, Legit.ng reported that Nigeria recorded a significant drop in daily petrol imports in August 2026 as local refineries supplied more fuel to the domestic market. Data from the NMDPRA showed that daily petrol imports fell by 26% during the month, with imported petrol supply declining from 19.7 million litres per day in July to 14.6 million litres per day in August.
The combination of lower import volumes and competitive pricing from local refineries is reshaping the downstream sector, and the latest pump price reductions in Lagos and Abuja are a direct result of these market forces. As more filling stations align their prices with the new supply costs, motorists across Nigeria are likely to see further adjustments in the coming weeks.
