The landing cost of imported petrol in Nigeria has declined to N1,283.81 per litre, even as depot prices remain above N1,300 per litre amid elevated global crude oil prices.
According to a bulletin released by the Major Energies Marketers Association of Nigeria (MEMAN) on Monday, the landing cost fell from N1,292.88 per litre to N1,283.81 per litre.
The bulletin also put the prices of Brent crude and West Texas Intermediate (WTI) at $110.70 and $99.90 per barrel, respectively, at the time of reporting.
Meanwhile, the gantry price of petrol at the Dangote Refinery stood at N1,350 per litre, while depot owners’ ex-depot prices ranged between N1,348 and N1,358 per litre.
Despite the decline in landing costs, petrol pump prices remain relatively high, with motorists reportedly purchasing the product at between N1,370 and N1,429 per litre in Abuja and neighbouring areas.
The development comes amid discussions over a proposed 30-day fuel discount at Nigerian National Petroleum Company Limited (NNPCL) filling stations.
On October 8, 2026, the Minister of Finance, Taiwo Oyedele, proposed the temporary discount, with petrol expected to sell at N1,350 per litre at designated NNPCL stations.
However, as of Wednesday, October 21, the proposed discount had yet to be implemented at NNPCL filling stations.
The latest figures highlight the difference between the landing cost of imported petrol, refinery and depot prices, and the pump prices paid by consumers.
Although landing costs can influence domestic fuel prices, other factors, including distribution expenses, operating costs and marketers’ margins, also affect the final price at filling stations.
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