Several Nigerian filling stations have reduced the pump price of premium motor spirit (PMS) following a further decline in the landing cost of petrol, which has now fallen below Dangote Refinery’s ex-depot price.

According to DAILY POST correspondents, NIPCO and AA Rano filling stations in Abuja have lowered their fuel prices to ₦940 per litre, down from the previous ₦950–₦955 range. Similarly, Eterna and Empire Energy retail outlets now sell at ₦945 and ₦955 per litre, respectively, representing reductions of ₦4–₦10 per litre.

NNPCL retail outlets also adjusted their price downward to ₦945 per litre from ₦955. Meanwhile, other stations, including MRS (Dangote Petrol) and Ranoil, maintained their prices at ₦950 and ₦955 per litre, though MRS indicated a possible reduction later in the day.

This price adjustment follows data released on November 3, 2025, by the Major Energy Marketers Association of Nigeria, which showed the petrol landing cost had dropped to ₦827.04 per litre, down from ₦829.77 at the end of October. The current landing cost is ₦44.96 cheaper than Dangote Refinery’s ex-depot price of ₦872 per litre, making petrol from Dangote Refinery slightly more expensive than depot owners such as NIPCO, AA Rano, and BOVAS.

The price drop comes amid government measures to encourage local refining. President Bola Ahmed Tinubu recently approved a 15% import duty on petrol and diesel to promote patronage of Dangote Refinery, a move expected to increase imported fuel prices in the coming days.

Industry analysts suggest the current decline in pump prices provides temporary relief for consumers while also highlighting the potential for locally refined fuel to stabilize the market.