As the landing cost of petrol fell further below the Dangote Refinery’s ex-depot price, some filling stations in Abuja lowered the pump price of Premium Motor Spirit (PMS), also known as gasoline or petrol. This resulted in new pricing adjustments in the retail market.
On Wednesday, November 5, journalists discovered that major marketers, including as NIPCO, AA Rano, Eterna, and Empire Energy, had lowered their pump prices in a number of places throughout the Federal Capital Territory.
Reporters’ checks revealed that NIPCO and AA Rano filling stations had lowered their pump prices from ₦950 to ₦955 per litre to ₦940, according to Daily Post.
In a similar vein, Empire Energy now dispenses at ₦955, down from ₦955 and ₦959, while Eterna sells at ₦945.
Accordingly, depending on the station, petrol prices in Abuja have decreased by ₦4 to ₦10 per litre.
As previously reported, NNPCL Retail reduced the price of its pump from ₦955 per litre to ₦945. Other stations, such MRS (Dangote Petrol) and Ranoil, kept their pump rates at ₦950 and ₦955 per litre as of Thursday morning despite the price reductions.
The station may reassess its price later in the day, according to an unidentified MRS station manager.
“At the moment, we still dispense fuel at ₦950 per litre, but we may lower our price in the evening or so,” he stated.
The cost of landing is now ₦827.04 a litre.
According to the latest adjustment, the landing cost of gasoline dropped to ₦827.04 a litre as of November 3, 2025, according to recently disclosed energy market data.
This amount is a decrease from ₦829.77 at the end of October.
An analysis of ex-depot prices reveals:
Dangote Refinery: ₦872 Pinnacle: ₦872
NIPCO: ₦870
BOVAS: ₦870 Aiteo: ₦870
AA Rano: ₦870
This indicates that compared to depot operators like NIPCO, AA Rano, and BOVAS, Dangote’s ex-depot pricing is at least ₦2 more expensive.
More importantly, the current landing cost of ₦827.04 is ₦44.96 less than the ex-depot price of ₦872 per litre at Dangote Refinery.
According to Naija News, the changes follow President Bola Ahmed Tinubu’s approval of a 15% import tax on gasoline and diesel, which was intended to promote domestic refining and increase Dangote Refinery’s competitiveness.
When the tariff increase is put into effect, marketers and industry players predict that the cost of imported fuel would increase, making local supply comparatively more appealing.
Industry watchers point out that more filling stations, particularly those sourcing from less expensive depots, may continue to lower pump costs until Dangote modifies its pricing to reflect the declining landing cost.
