Nigeria’s cost of bringing imported petrol into the country has eased to N1,283.81 per litre, although retail prices in Abuja and nearby areas remain substantially higher and a proposed discount at Nigerian National Petroleum Company Limited outlets has not yet taken effect.
Import costs and wholesale prices
- The Major Energies Marketers Association of Nigeria reported on Monday that the landing cost of Premium Motor Spirit, or petrol, declined from N1,292.88 per litre to N1,283.81 per litre.
- At the time of the report, Brent crude was trading at $110.70 per barrel, while West Texas Intermediate stood at $99.90 per barrel.
- Dangote Refinery’s gantry price for petrol was N1,350 per litre.
- Ex-depot prices quoted by depot operators ranged between N1,348 and N1,358 per litre.
Retail market and proposed NNPCL discount
Motorists in Abuja and surrounding locations are currently paying between N1,370 and N1,429 per litre at filling stations.
- On October 8, 2026, Finance Minister Taiwo Oyedele proposed a 30-day petrol-price reduction at NNPCL service stations, under which fuel would be sold for N1,350 per litre.
- As of the latest update, NNPCL stations had not begun implementing the proposed N1,350-per-litre discount.
