A new report has shown that several filling stations across Abuja have reduced the pump price of Premium Motor Spirit (PMS), as the landing cost of petrol dropped further below the Dangote Refinery’s ex-depot price, causing fresh price adjustments in the retail market.
According to Daily Post, journalists who went to the metropolis on Wednesday, November 5, said that major marketers, including NIPCO, AA Rano, Eterna, and Empire Energy, have adjusted their pump prices downward in various locations across the Federal Capital Territory.
The report also stated that NIPCO and AA Rano filling stations reduced their pump price to ₦940 per litre, down from the previous ₦950-₦955 range.
Similarly, Eterna now sells at ₦945, while Empire Energy dispenses at ₦955, down from ₦955 and ₦959, respectively.
This means petrol prices in Abuja have dropped by ₦4 to ₦10 per litre, depending on the station.
It was reported earlier that NNPCL Retail also adjusted its pump price down to ₦945, from ₦955 per litre. Despite the price drops, other stations, such as MRS (Dangote Petrol) and Ranoil, maintained their pump prices at ₦950 and ₦955 per litre as of Thursday morning.
An MRS station manager, who spoke anonymously, said the station may review its price later in the day.
“We may reduce our price in the evening or so, but at the moment we still dispense fuel at ₦950 per litre,” he said.
Landing Cost Drops to ₦827.04 Per Litre
The latest adjustment follows newly released energy market data indicating that the landing cost of petrol declined to ₦827.04 per litre as of November 3, 2025, down from ₦829.77 per litre recorded at the end of October.
See the breakdown of ex-depot prices below:
Dangote Refinery – ₦872
Pinnacle – ₦872
NIPCO – ₦870
BOVAS – ₦870
Aiteo – ₦870
AA Rano – ₦870
This implies that Dangote Refinery’s ex-depot rate is at least ₦2 higher than those of independent depot operators such as NIPCO, AA Rano, and BOVAS. More notably, the current landing cost of ₦827.04 per litre is ₦44.96 lower than Dangote Refinery’s ₦872 per litre ex-depot price.
Recall that President Bola Ahmed Tinubu approved a 15% import duty on petrol and diesel, a policy aimed at promoting local refining and strengthening Dangote Refinery’s market position.
According to some marketers and industry stakeholders, the new 15% import duty will raise the pump prices of imported fuel once it takes effect in the coming days.
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