Fuel Marketers Including Dangote, BOVAS, AA Rano Implement Fresh Price Changes

As the landing cost of petrol fell further below the Dangote Refinery’s ex-depot price, some filling stations in Abuja lowered the pump price of Premium Motor Spirit (PMS), also known as gasoline or petrol. This resulted in new pricing adjustments in the retail market.

Journalists’ findings on Wednesday, November 5, showed that major marketers, including as NIPCO, AA Rano, Eterna, and Empire Energy, had lowered their pump prices in a number of places throughout the Federal Capital Territory.

Reporters’ checks revealed that NIPCO and AA Rano filling stations had lowered their pump prices from ₦950 to ₦955 per liter to ₦940, according to Daily Post.

Similarly, Empire Energy dispenses at ₦955, down from ₦955 and ₦959, while Eterna now sells at ₦945.

This indicates that, depending on the station, petrol prices in Abuja have decreased by ₦4 to ₦10 per litre.

As previously reported, NNPCL Retail also reduced the price of their pump from ₦955 per litre to ₦945. Other stations, such MRS (Dangote Petrol) and Ranoil, kept their pump rates at ₦950 and ₦955 per litre as of Thursday morning despite the price decreases.

The station may evaluate its pricing later in the day, according to an unidentified MRS station manager.

He stated, “We may lower our price in the evening or so, but we still dispense fuel at ₦950 per litre.”

The landing fee is now ₦827.04 per litre.
According to the latest adjustment, the landing cost of fuel dropped to ₦827.04 a litre as of November 3, 2025, according to recently disclosed energy market data.

This amount is less than the ₦829.77 that was recorded at the end of October.

Ex-depot price breakdowns reveal:

Pinnacle: ₦872 Dangote Refinery: ₦872
₦870 NIPCO
Aiteo: ₦870 BOVAS: ₦870
₦870 AA Rano
In comparison to depot operators like NIPCO, AA Rano, and BOVAS, Dangote’s ex-depot charge is at least ₦2 more costly.

More importantly, the current landing cost of ₦827.04 is ₦44.96 less than the ex-depot price of ₦872 at Dangote Refinery.

According to Naija News, the changes follow President Bola Ahmed Tinubu’s approval of a 15% import tax on gasoline and diesel, which is intended to promote domestic refining and increase Dangote Refinery’s competitiveness.

When the tariff increase is put into effect, marketers and industry players predict that it will increase the price of imported fuel, making local supplies comparatively more appealing.

Industry observers point out that more filling stations, particularly those that source from less expensive depots, may continue to lower pump costs until Dangote modifies its pricing to reflect the declining landing cost.