Despite the recent reduction in petrol prices announced by the Dangote Refinery, many filling stations across Nigeria are yet to reflect the adjustment at the pump.
Dangote Refinery had lowered its ex-depot price of premium motor spirit (PMS) to about N739–N740 per litre, with the President of Dangote Group, Aliko Dangote, assuring Nigerians that petrol would sell within this range at MRS filling stations nationwide. However, findings from fuel price monitoring over the past few days indicate otherwise.
In Lagos and surrounding areas, several MRS outlets continue to sell petrol at significantly higher prices. At the MRS station in Alagbole, a border town between Lagos and Ogun states, petrol was still selling at N850 per litre. Similar prices were observed at MRS stations along Ekoro Road and Abule Egba, where petrol sold for between N825 and N870 per litre.
Other marketers also maintained high pump prices. At a BOVAS station in Ojodu, petrol sold for N820 per litre, while the NNPC station at Berger dispensed the product at N825 per litre. Major marketers such as Mobil, TotalEnergies and ConOil were also found selling petrol at between N850 and N890 per litre.
An attendant at the MRS station in Alagbole attributed the delay to existing stock purchased at higher prices, noting that the reduction would take effect once new supplies were received.
“We are still selling at N850 per litre because we still have old stock. Once we receive new stock at the revised gantry price, we will adjust the pump price to about N750 per litre,” she explained.
Outside Lagos, reports from Oyo, Delta and Enugu states showed pump prices ranging from N830 to as high as N900 per litre, indicating that the impact of the Dangote price cut is yet to be felt in many parts of the country.
The situation appeared different in Abuja, where some filling stations had already adjusted their prices downward. In the Federal Capital Territory, outlets operated by NNPC, Ardova, AA Rano and BOVAS were found selling petrol at reduced rates. MRS stations in Abuja dispensed petrol at N739 per litre, about N70 cheaper than prices in many other states.
Meanwhile, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged its members nationwide to patronise the Dangote Refinery, describing it as the most affordable source of PMS currently available.
IPMAN National President, Abubakar Maigandi, said the association had reached an agreement with the Dangote Petroleum Refinery to supply petrol directly to registered IPMAN members. He added that the planned free nationwide delivery of petrol from January 2026 would further help reduce pump prices across the country.
Maigandi therefore called on independent marketers to prioritise purchases from the Dangote Refinery, stressing that the initiative would benefit both marketers and consumers through more competitive fuel prices.
