Petrol Prices Remain Unchanged Despite Dangote’s N699 Per Litre Reduction

Checks conducted over the past few days revealed that a number of MRS retail outlets in Lagos and surrounding areas were selling petrol at about N850 per litre, which is roughly N110 higher than the price earlier announced by the President of Dangote Group, Aliko Dangote. The refinery had indicated that all MRS filling stations would retail the product at the adjusted rate following the price cut.

At an MRS station in Alagbole, a border community between Lagos and Ogun states, petrol was sold at N850 per litre. Similar prices were recorded at MRS outlets along Ekoro Road and in Abule Egba, where pump prices ranged between N825 and N870 per litre. At a BOVAS filling station in Ojodu, petrol sold for N820 per litre, while an NNPC outlet in Berger dispensed the product at N825.

A petrol attendant at an MRS station in Alagbole explained that the delay in adjusting prices was due to existing stock purchased at higher rates, adding that prices would be reviewed once new supplies were received. She noted that the station expected to adjust its pump price downward in line with the new gantry price in the coming days.

Other major marketers, including Mobil, TotalEnergies and ConOil, were also found to be selling petrol at prices ranging from N850 to as high as N890 per litre. Reports from states such as Oyo, Delta and Enugu similarly showed pump prices fluctuating between N830 and N900 per litre, with some outlets in Delta reportedly selling close to N990 per litre.

However, the situation appeared different in Abuja, where several filling stations have already adjusted their prices. According to Ireporter Online, outlets operated by NNPC, Ardova, AA Rano, BOVAS and MRS in the Federal Capital Territory were selling petrol at reduced rates, with MRS stations dispensing PMS at about N739 per litre. Some stations in the capital were observed to be selling the product for as much as N70 less than prices recorded in other parts of the country.

Meanwhile, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged its members nationwide to source their petrol from the Dangote Refinery. The association stated that the refinery currently offers the most affordable prices for marketers and disclosed that free delivery of petrol to filling stations is expected to commence in January 2026.

IPMAN’s National President, Abubakar Maigandi, welcomed the agreement allowing registered IPMAN members to receive direct supply from the Dangote Refinery. He expressed optimism that the initiative, alongside free nationwide delivery, would lead to further reductions in pump prices across the country. He encouraged marketers to prioritise patronage of the refinery, stressing that the development would ultimately translate to more affordable fuel prices for Nigerians.