The landing cost of imported petrol has dropped to ₦839.97 per litre as of October 21, 2025, making it cheaper than petrol from the Dangote Refinery, which currently sells at ₦877 per litre.

This is according to the latest energy prices bulletin released by the Major Energy Marketers Association of Nigeria (MEMAN). The new figure represents a slight drop from ₦841.54 recorded a day earlier, on October 20, 2025.

Speaking on the development, Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirmed that the reduction in landing cost reflects increased competition in Nigeria’s deregulated downstream oil sector.

“It is due to the liberalisation of the sector, which has set the tone for a price war. Marketers now have the option to buy either at ₦877 per litre from Dangote Refinery or ₦839 from MEMAN,” Ukadike told Daily Post.

He noted that marketers are naturally drawn to cheaper options to ensure they can sell petrol at more affordable rates to consumers nationwide.

The trend may trigger a drop in pump prices across the country if the competitive pricing continues.

Checks by Daily Post also showed that as of Friday, ex-depot prices from Emedab, Gulf Treasure, Ardova, and Bono were around ₦875 per litre, while Dangote Refinery’s product remained slightly higher at ₦877.

However, despite the reduced landing cost, retail prices at NNPC, MRS, Ranoil, Total, and Emedab stations in Abuja still range between ₦950 and ₦965 per litre.

Analysts say the price disparity may persist until logistics costs and distribution margins adjust to reflect the lower import cost.