The landing cost of imported petrol has dropped to N839.97 per litre as of October 21, 2025, cheaper than Dangote Refinery’s fuel, which sells for N877 per litre.
This is according to the latest energy prices bulletin released by the Major Energy Marketers Association of Nigeria.
The new price is a decrease from N841.54 recorded on October 20th, 2025.
The spokesperson of the Independent Petroleum Marketers Association, Chinedu Ukadike, confirmed the latest development in the pricing of petrol on Friday.
According to him, the development is due to price competitiveness – typical of a deregulated downstream sector.
He noted that marketers will opt for cheaper petrol products so as to sell at affordable prices to Nigerians.
“It is due to the liberalisation of the sector, which has set the tune for a price war. Marketers now have the option to buy either at N877 per litre with Dangote Refinery or N839 with MEMAN,” .
The development may lead to a drop in the retail price of petrol nationwide.
News360 Info checks revealed that the latest ex-depot prices of Emedab, Gulf Treasure, Ardova and Bono stood at N875 per litre, while the of Dangote Refinery is N877.
Meanwhile, as of the time of filing this report, NNPC, MRS, Ranoil, Total and Emedab retail outlets in Abuja dispense petrol between N950 and N965 per litre.
