PETROAN says the recent reduction in fuel pump prices across Nigeria is driven by changes in the cost of bringing petrol into the country. In interviews reported by Daily Post Nigeria and Nigerian Eye, PETROAN National President Billy Gillis-Harry explains that retail pricing is tied to “landing cost,” which is the cost at which fuel is received at Nigerian depots. He says petrol prices cannot be adjusted arbitrarily, and that when landing costs fall, filling station operators are expected to reduce pump prices while avoiding shortages that could harm their businesses.
The reports note that in Abuja, filling stations operated by NNPCL and MRS cut prices by about ₦36 to ₦40 per litre. Pump rates were brought down to a range of roughly ₦1,265 to ₦1,299. The Nigerian Eye report adds that depot owners lowered ex-depot prices as part of competition, including in relation to Dangote Refinery’s gantry price of ₦1,215 per litre.
Overall, both accounts describe the downstream fuel market as being influenced by import and depot pricing dynamics, and by competitive moves among NNPCL, MRS, and other suppliers.
