No reduction in petrol pump price despite Dangote’s N699/litre cut

By admin

Many filling stations across Nigeria have yet to reflect the recent reduction in petrol price announced by the Dangote Refinery, which lowered its ex-depot price to about N739 or N740 per litre.
Findings by correspondents monitoring fuel prices over the past few days showed that several MRS retail outlets in Lagos and surrounding areas continue to sell petrol at about N850 per litre, roughly N110 higher than the price announced by the President of Dangote Group, Aliko Dangote.
Dangote had earlier assured Nigerians that all MRS filling stations would dispense petrol at between N739 and N740 per litre. However, at the MRS station in Alagbole, a border town between Lagos and Ogun states, petrol was still selling at N850 per litre. Similar prices were observed at MRS outlets on Ekoro Road and in Abule Egba, where petrol sold for between N825 and N870 per litre.
At the BOVAS filling station in Ojodu, the product sold for N820 per litre, while the NNPC station at Berger dispensed petrol at N825 per litre.
A petrol attendant at an MRS station in Alagbole explained that the price adjustment would take effect from Monday. According to her, the station was still selling old stock purchased at a higher price and would reduce the pump price once new supplies were received at the revised gantry price.
“Yes, we are still selling at N850 per litre today because we still have old stock. Once we receive new stock at the new gantry price, we will adjust the price to about N750 per litre,” she said.
Other major marketers, including Mobil, TotalEnergies and ConOil, were also found to be selling petrol at between N850 and N890 per litre.
Reports from Oyo, Delta and Enugu states indicated that pump prices ranged from N830 to as high as N900 per litre.
The situation, however, appeared different in Abuja, where some filling stations, including NNPC, Ardova, AA Rano and BOVAS, had reduced their prices. In the Federal Capital Territory, MRS outlets were selling petrol at N739 per litre, with some stations offering prices about N70 lower than what obtains in other parts of the country.
Meanwhile, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged its members nationwide to patronise the Dangote Refinery for the purchase of premium motor spirit (PMS), noting that the refinery currently offers the most affordable prices. The association also announced that free delivery of petrol to filling stations nationwide would commence in January 2026.
IPMAN National President, Abubakar Maigandi, expressed satisfaction with the agreement reached with the Dangote Petroleum Refinery to supply petrol directly to registered IPMAN members.
He said the development, coupled with free nationwide delivery, would further drive down pump prices at filling stations. Maigandi therefore called on IPMAN members across the country to prioritise purchasing PMS from the Dangote Refinery, stressing that it presently offers the best prices available to marketers.