Petrol retailers in Nigeria have cut pump prices by N35 to N90 per litre, roughly three weeks after Dangote Refinery lowered its wholesale gantry price.
Quick facts
- Prices at selected stations in Abuja and nearby areas now range from N1,210 to N1,275 per litre.
- Those outlets previously charged between N1,305 and N1,335 per litre on July 31, 2026.
- Dangote Refinery reduced its gantry price by N50, to N1,165 from N1,210 per litre.
- Domestic petrol is N53.54 per litre below imported fuel, with import landing costs at N1,218.54.
- Brent crude traded at $91.90 a barrel, while West Texas Intermediate was at $84.60.
MRS, Nigerian National Petroleum Company Limited, AA Rano, Nigerian Independent Petroleum Company, Emedab and other retailers in Abuja and surrounding locations have lowered their prices to the new range. The reductions followed the earlier wholesale adjustment by the Dangote refinery.
Across the first 20 days of August, the minimum recorded decline in retail petrol prices was N35 per litre. The changes underline the fluid pricing conditions in Nigeria’s downstream oil market.
Dangote’s petrol now costs N53.54 less than imported product, whose landing value was N1,218.54 per litre. The refinery’s price reduction brought its gantry charge down from N1,210 to N1,165 per litre.
The domestic price decline has come even as international crude benchmarks remained elevated. At the time of reporting, Brent stood at $91.90 per barrel and WTI at $84.60.
