Imported Petrol Now Cheaper Than Dangote Refinery Fuel as Landing Cost Drops to ₦839.97

The landing cost of imported petrol has reportedly fallen to ₦839.97 per litre as of October 21, 2025, making it cheaper than the ₦877 per litre fuel currently sold by the Dangote Refinery, PulseNets learnt.

According to figures obtained by PulseNets from the latest energy price bulletin released by the Major Energy Marketers Association of Nigeria (MEMAN), the new price reflects a marginal decrease from ₦841.54 recorded on October 20, 2025.

Confirming the development, the spokesperson of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, told PulseNets that the decline is largely driven by market competitiveness within the deregulated downstream oil sector.

In his words, “What we are witnessing is the natural outcome of a liberalised petroleum market. Marketers now compare prices from multiple suppliers and choose the most competitive offer to remain profitable and keep pump prices reasonable for consumers,” Ukadike said.

He further explained that the current situation has “triggered a healthy price war,” giving marketers freedom to source between ₦877 per litre from Dangote Refinery and ₦839 per litre from MEMAN importers.

Industry experts told PulseNets that the latest drop could soon translate into a reduction in pump prices across major cities if the trend continues.

Data obtained by PulseNets also revealed that ex-depot prices for key suppliers such as Emedab, Gulf Treasure, Ardova, and Bono currently stand at ₦875 per litre, while Dangote Refinery’s ex-depot price remains ₦877 per litre.

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However, market surveillance by PulseNets in Abuja showed that NNPC, MRS, Ranoil, Total, and Emedab retail outlets are still dispensing petrol between ₦950 and ₦965 per litre, suggesting that the market is yet to fully reflect the lower landing costs.