Nigerians React As Dangote, BOVAS, AA Rano Lead Another Round Of Fuel Price Changes

Several fuel stations across Abuja have slashed the pump price of Premium Motor Spirit (PMS), popularly called petrol, following a further drop in the product’s landing cost — now lower than the Dangote Refinery’s ex-depot rate. This has triggered fresh downward price adjustments in the retail market.....KINDLY READ THE FULL STORY HERE▶

Investigations conducted by journalists on Wednesday, November 5, revealed that major marketers such as NIPCO, AA Rano, Eterna, and Empire Energy have reviewed their pump prices across various parts of the Federal Capital Territory.

According to Daily Post, checks showed that NIPCO and AA Rano outlets now sell at ₦940 per litre, a reduction from their previous ₦950–₦955 range. Eterna currently dispenses at ₦945, while Empire Energy sells at ₦955, down from ₦959.

In effect, petrol prices in Abuja have dropped by between ₦4 and ₦10 per litre, depending on the location.

Similarly, NNPCL Retail also reviewed its pump price from ₦955 to ₦945 per litre. However, other stations like MRS (Dangote Petrol) and Ranoil have retained their prices at ₦950 and ₦955 per litre, respectively.

An MRS station manager, who preferred not to be named, said the company might adjust its rates later in the day.

“We may reduce our price in the evening or so, but for now, we still sell at ₦950 per litre,” he said.

Landing Cost Falls to ₦827.04 Per Litre

Naija News reports that the price review follows new energy market data indicating that the landing cost of petrol dropped to ₦827.04 per litre as of November 3, 2025 — down from ₦829.77 at the end of October.

A breakdown of current ex-depot prices shows:

• Dangote Refinery – ₦872

• Pinnacle – ₦872

• NIPCO – ₦870

• BOVAS – ₦870

• Aiteo – ₦870

• AA Rano – ₦870

This indicates that Dangote’s ex-depot price is ₦2 higher than other depot operators such as NIPCO, AA Rano, and BOVAS. Notably, the current landing cost of ₦827.04 is ₦44.96 lower than Dangote Refinery’s ₦872 per litre rate.

The development comes weeks after President Bola Ahmed Tinubu approved a 15% import duty on petrol and diesel to promote local refining and enhance Dangote Refinery’s market edge.

Industry observers say the new tariff could increase the cost of imported fuel, making locally refined products more competitive.

However, analysts warn that unless Dangote Refinery adjusts its pricing to reflect the falling landing cost, more filling stations may continue to cut pump prices, particularly those sourcing from cheaper depots.