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Imported petrol prices in Nigeria drop to N1,117 per litre, undercutting Dangote Refinery’s N1,250 priceGlobal crude oil prices fall, contributing to a competitive edge for fuel importers over local refinersPotential for lower pump prices in Nigeria as import costs decline, but challenges remain with logistics and exchange rates
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The cost of importing petrol into Nigeria has dropped sharply following the recent decline in global crude oil prices, creating fresh competition for local refiners, including the $20 billion Dangote Refinery.
New data released by the Major Energy Marketers Association of Nigeria (MEMAN) shows that the landing cost of imported Premium Motor Spirit (PMS), also known as petrol, has fallen to N1,117 per litre as of June 4, 2026.
Importers release cheaper petrol prices than Dangote as landing costs crash. Credit: Bloomberg/ContributorSource: Getty Images
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