Nigerian petroleum marketers have begun implementing a fresh reduction in petrol prices following Dangote Refinery's announcement of a downward price review, a development that brings relief to consumers across the country.

According to on-the-ground observations in Abuja, several major filling stations including MRS, Bova, and AP Ardova PLC have adjusted their pump prices downward. MRS filling stations along Kubwa and Lugbe Expressway have reduced petrol prices to ₦895 per litre from the previous ₦910.

Similarly, Bova filling station at Berger, Wuse Zone 6, and AP Ardova PLC filling station at Lifecamp Junction have also implemented the same price reduction to ₦895 per litre.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) confirmed that the majority of their members would review their petrol pump prices downward to remain competitive following Dangote Refinery's new price template.

"Our members will have to review their prices downward to remain competitive, following Dangote Refinery's latest petrol price cut," an IPMAN spokesperson stated in a telephone interview.

The price adjustment comes after the 650,000 barrels-per-day Dangote Refinery released a new fuel retail price template for its partners on Thursday. The template indicates a ₦15 per litre petrol price drop nationwide, meaning Dangote Refinery partners would now sell petrol between ₦875 and ₦905 per litre, down from the previous ₦890 to ₦910 range announced in April 2025.

Meanwhile, the Nigerian National Petroleum Company Limited (NNPCL) continues to dispense fuel in Abuja and surrounding areas at ₦910 per litre as of Friday morning. Other fuel retail outlets in the nation's capital are selling petrol at between ₦910 and ₦920 per litre.

Some stations have also made modest price adjustments, with Empire Filling Station and Ranoil reducing their prices to ₦919 and ₦910 per litre, respectively, from their previous rates of ₦927 and ₦920.

This price reduction represents a positive development for Nigerian consumers who have been grappling with high fuel costs in recent months, and signals increasing competition in the downstream petroleum sector as Dangote Refinery continues to establish its presence in the market.