The pump prices of premium motor spirit at NNPCL and MRS filling stations have remained stable at N1,395 per litre, despite the recent decline in global crude oil prices. A market survey conducted in Abuja and its environs showed that the prices at these outlets have not changed. This stability in fuel prices comes as crude oil prices have dropped, with Brent and West Texas Intermediate crude oil prices standing at $104 and $92 per barrel, respectively.
The Dangote Refinery’s gantry petrol price has also decreased by N25 per litre to N1,325 from N1,350 per litre. However, this reduction has not been reflected in the pump prices of NNPCL and MRS filling stations. Other retail outlets have reduced their petrol prices by at least N10 per litre to remain competitive in the market. This has led to a variation in retail fuel pump prices in Abuja and its environs, ranging from N1,395 to N1,450 per litre.
According to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s August factsheet, Dangote Refinery supplied over 70 per cent of the country’s domestic fuel supply. This significant contribution has been crucial in meeting the country’s fuel needs, especially as imports have declined substantially. The refinery’s supply has helped stabilize the fuel market, despite fluctuations in global crude oil prices.
The stability in fuel prices at NNPCL and MRS filling stations has been observed in Abuja and its environs. A market survey by DAILY POST showed that the prices at these outlets have remained unchanged. This comes as other filling stations have adjusted their prices to reflect the changes in the global market. The survey also revealed that some retail outlets have reduced their prices to attract more customers.
The drop in crude oil prices has not been reflected in the pump prices of NNPCL and MRS filling stations. This has led to a situation where some filling stations have lower prices than the major marketers. The variation in prices has created a competitive market, with filling stations adjusting their prices to attract customers.
Economists have noted that the subsidy removal has led to Nigerians paying more for fuel without corresponding benefits. The current fuel prices have also been affected by the dollar-to-naira exchange rate, which has seen the naira depreciate against the USD across FX markets. This has contributed to the high fuel prices in the country.
The fuel market is expected to continue to respond to changes in global crude oil prices and the exchange rate. As of September 25, 2026, the fuel prices at NNPCL and MRS filling stations remain stable at N1,395 per litre. The development is expected to have a significant impact on the country’s economy, especially as fuel is a critical component of the nation’s transportation and industrial sectors.
Key points
- NNPCL and MRS filling stations maintain stable PMS pump price of N1,395 per litre despite drop in crude oil prices.
- Dangote Refinery supplied over 70 per cent of the country’s domestic fuel supply in August.
- Retail fuel pump prices in Abuja and its environs range from N1,395 to N1,450 per litre.
