The landing cost of imported fuel has dropped to ₦839.97 per litre as of October 21, 2025.
Also, this makes it cheaper than the Dangote Refinery’s petrol, which sells for ₦877 per litre, according to the latest energy prices bulletin released by the Major Energy Marketers Association of Nigeria (MEMAN).
This marks a slight decrease from ₦841.54 recorded on October 20, 2025, reflecting a continued dip in importation costs.
Speaking to DAILY POST on Friday, Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirmed the development, attributing it to increased price competition within Nigeria’s deregulated downstream oil sector.
“It’s a product of liberalisation — we’re now seeing a price war. Marketers will naturally go for cheaper options to sell fuel at more affordable rates,” Ukadike explained.
“At the moment, they can buy at ₦877 per litre from Dangote Refinery or ₦839 through MEMAN.”
The trend, experts say, could soon trigger a drop in retail petrol prices nationwide as marketers adjust to the changing cost structure.
Further checks showed that the latest ex-depot prices for Emedab, Gulf Treasure, Ardova, and Bono stood at ₦875 per litre, slightly below Dangote Refinery’s ₦877.
People Also Read: Kaduna Fuel Station Manager Faces EFCC Probe For ₦500m Fraud
Meanwhile, as of press time, NNPC, MRS, Ranoil, Total, and Emedab retail outlets in Abuja were dispensing petrol between ₦950 and ₦965 per litre.
