Several filling stations across Abuja have reduced the pump price of Premium Motor Spirit (PMS), popularly known as petrol, following a further drop in the landing cost of fuel below Dangote Refinery’s ex-depot rate.
Checks by DAILY POST on Wednesday showed that NIPCO, AA Rano, Eterna, and Empire Energy stations have adjusted their pump prices downward.
NIPCO and AA Rano now sell at ₦940 per litre, down from between ₦950 and ₦955, while Eterna and Empire Energy outlets have also reduced prices to ₦945 and ₦955 per litre, from ₦955 and ₦959, respectively.
This indicates a price reduction of between ₦4 and ₦10 per litre across several outlets in the Federal Capital Territory.
Earlier, DAILY POST reported that NNPCL retail stations in Abuja had similarly reviewed their prices downward to ₦945 per litre, from ₦955.
However, some outlets such as MRS (Dangote Petrol) and Ranoil have retained their pump prices at ₦950 and ₦955 per litre, respectively, as of Thursday morning.
“We may reduce our price later in the evening, but for now, we still sell at ₦950 per litre,” a manager at an MRS station in Abuja told DAILY POST under anonymity.
Latest market data released by the Major Energy Marketers Association of Nigeria (MEMAN) on November 3, 2025, revealed that the landing cost of petrol dropped further to ₦827.04 per litre, down from ₦829.77 recorded in October.
Meanwhile, depot prices as of this week showed the following rates: Dangote Refinery – ₦872, Pinnacle – ₦872, NIPCO – ₦870, BOVAS – ₦870, Aiteo – ₦870, and AA Rano – ₦870.
This means Dangote Refinery’s ex-depot price remains about ₦2 higher than that of most independent depot operators.
In contrast, the new landing cost at ₦827.04 per litre is ₦44.96 cheaper than Dangote Refinery’s ex-depot price of ₦872 per litre.
The adjustment in local pump prices comes just days after President Bola Ahmed Tinubu approved a 15 per cent import duty tax on petrol and diesel — a policy move aimed at encouraging local refining and supporting Dangote Refinery’s competitiveness.
However, industry analysts warn that the new import duty could lead to an upward review of imported fuel prices once the directive is fully implemented.
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