Findings by DAILY POST correspondents on Wednesday showed that NIPCO, AA Rano, Eterna, and Empire Energy outlets have reduced their pump prices. NIPCO and AA Rano now sell at ₦940 per litre, down from between ₦950 and ₦955, while Eterna and Empire Energy retail outlets dispense petrol at ₦945 and ₦955 per litre, respectively, representing reductions of between ₦4 and ₦10 per litre.

Similarly, NNPC Retail stations in Abuja recently adjusted their pump price to ₦945 per litre, from ₦955 earlier in the week.

However, other stations such as MRS (Dangote Petrol) and Ranoil have kept their prices unchanged at ₦950 and ₦955 per litre, respectively, as of Thursday morning.

“We may reduce our price in the evening or so, but at the moment we still dispense at ₦950 per litre,” a manager at an MRS station in Abuja told DAILY POST on condition of anonymity.

According to data released on November 3, 2025, by the Major Energy Marketers Association of Nigeria (MEMAN), the landing cost of petrol has dropped to ₦827.04 per litre, down from ₦829.77 recorded at the end of October.

Checks on ex-depot prices revealed that Dangote Refinery’s petrol price stood at ₦872 per litre, slightly higher than other depot owners such as Pinnacle (₦872), NIPCO (₦870), BOVAS (₦870), Aiteo (₦870), and AA Rano (₦870). This means the refinery’s price is ₦2 higher than the average among competitors.

With the current landing cost of ₦827.04 per litre, imported petrol remains about ₦44.96 cheaper than Dangote Refinery’s ex-depot price.

The price adjustment comes amid President Bola Ahmed Tinubu’s recent approval of a 15% import duty tax on petrol and diesel to encourage local refining by Dangote Refinery.

Industry stakeholders say the measure is expected to make imported fuel more expensive when implemented in the coming days.