Petrol landing cost drops to N1,283/litre as depot prices remain high

The landing outgo of imported Premium Motor Spirit, PMS, commonly known arsenic petrol, has dropped to N1,283.81 per litre.

This is according to a bulletin released by the Major Energies Marketers Association of Nigeria, MEMAN, connected Monday.

The MEMAN bulletin indicated that the landing outgo of petrol fell from N1,292.88 to N1,283.81 per litre portion Brent and West Texas Intermediate stood astatine $110.7 and $99.90, respectively, astatine the clip of reporting.

Meanwhile, Dangote Refinery's gantry terms for petrol stood astatine N1,350 per litre, portion depot owners' ex-depot prices ranged from N1,348 to N1,358 per litre.

DAILY POST reports that Nigerians presently bargain petrol astatine pump prices ranging from N1,370 to N1,429 per litre successful Abuja and its environs.

Recall that connected October 8, 2026, the Minister of Finance, Taiwo Oyedele, projected a 30-day substance discount astatine Nigerian National Petroleum Company Limited, NNPCL, filling stations, with petrol priced astatine N1,350 per litre.

However, DAILY POST tin confirm, arsenic of the clip of reporting, that the projected N1,350-per-litre substance discount has yet to beryllium implemented astatine NNPCL filling stations.

Petrol landing outgo drops to N1,283/litre arsenic depot prices stay high

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