Dangote Cuts Petrol Price, NNPCL, MRS Stations Set to Follow

CLAYNG.COM • 1h ago

Home Top Stories Politics Entertainment Football Lifestyle Sports Business Fashion No Result View All Result Home Top Stories Politics Entertainment Football Lifestyle Sports Business Fashion Home Business Dangote Cuts Petrol Price, NNPCL, MRS Stations Set to Follow by Editor November 2, 2026 in Business, Top Stories Reading Time: 2 mins read Share on FacebookShare on TwitterShare on Whatsapp Nigerians may soon enjoy a reduction in petrol prices as filling stations across the country prepare to adjust their pump prices following a fresh price cut by Dangote Refinery.

The refinery has reportedly reduced its gantry price of Premium Motor Spirit (PMS), commonly known as petrol, to N1,215 per litre.

The development is expected to trigger a reduction in pump prices across the downstream petroleum sector, given Dangote Refinery’s significant contribution to Nigeria’s domestic fuel supply.

Managers of filling stations operated by the Nigerian National Petroleum Company Limited (NNPCL) and MRS have confirmed that their outlets are expected to reduce petrol prices in the coming days.

An NNPCL filling station manager in Abuja, who spoke to DAILY POST on condition of anonymity, said the outlet was preparing to adjust its pump price.

“Our fuel price is expected to drop from this week following Dangote Refinery’s petrol price cut,” the manager said.

Similarly, a manager at an MRS filling station confirmed that a reduction in petrol prices was likely in the coming days.

The President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, also confirmed that its members would reduce their pump prices once they begin receiving petrol at the new rate from Dangote Refinery.

“Our members would cut fuel prices as soon as we receive Dangote Refinery’s petrol from this week,” Maigandi said.

The anticipated reduction comes amid a decline in international crude oil prices, with West Texas Intermediate (WTI) and Brent crude reportedly falling by three per cent and four per cent to $99 and $104 per barrel, respectively.

Meanwhile, petrol currently sells for between N1,370 and N1,429 per litre at filling stations in Abuja and neighbouring areas.

The latest development is expected to provide some relief to motorists and other Nigerians grappling with the high cost of transportation and living expenses.

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