More filling stations in Nigeria have reduced their petrol prices following recent price cuts by the Nigerian National Petroleum Company Limited, NNPCL, and other major suppliers.
A market survey on Friday showed that AA Rano, Ranoil and some other filling stations in Abuja and surrounding areas had lowered their pump price from N1,420 to N1,400 per litre.
The latest adjustment represents a N20 reduction per litre as fuel marketers respond to changes in the downstream petroleum market and competition among suppliers.
The development followed an earlier reduction by NNPCL, MRS and Geregu filling stations in Abuja, which brought their petrol price down to N1,370 per litre.
With the latest adjustments, petrol prices in Abuja and neighbouring areas were reported to range between N1,370 and N1,430 per litre, depending on the filling station.
The reductions also followed a price cut by Dangote Refinery, which recently lowered its gantry price for petrol by N25 per litre to N1,325.
The refinery’s adjustment triggered a series of retail price reductions by some filling stations as marketers responded to the lower supply price.
The changing pump prices come amid increased competition in Nigeria’s downstream petroleum sector, with domestic refineries and petroleum marketers adjusting their prices in response to supply costs and market conditions.
Dangote Refinery has also increased its role in supplying petrol to the domestic market. Industrial data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority showed that the refinery supplied the largest share of Nigeria’s domestic fuel requirements in August 2026.
The continued adjustments in petrol prices have resulted in different pump prices across filling stations, as individual marketers determine their retail rates based on their supply costs and competitive positions.