Petrol prices are expected to fall across filling stations in the coming days following the latest reduction in the ex-depot price of Premium Motor Spirit, PMS, by Dangote Refinery.
The refinery recently cut its gantry price of petrol to N1,215 per litre, a move expected to trigger a reduction in pump prices across the downstream petroleum market.
The development comes as Dangote Refinery continues to account for a significant share of Nigeria’s domestic petrol supply, increasing the potential impact of its pricing decisions on other players in the sector.
Managers of outlets operated by the Nigerian National Petroleum Company Limited, NNPCL, and MRS have confirmed that pump prices are likely to be reviewed downward following the refinery’s latest price cut.
An NNPCL filling station manager in Abuja, who spoke on condition of anonymity, said the outlet was expecting a reduction in its selling price. 
“Our fuel price is expected to drop from this week following Dangote Refinery’s petrol price cut,” the manager said.
A manager at an MRS filling station also confirmed that a downward review of petrol prices was likely in the coming days.
The President of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Abubakar Maigandi, also confirmed the expected reduction, saying filling stations would begin lowering their pump prices once they received products at the new reduced rate.
The latest development is expected to intensify competition among fuel suppliers and provide some relief to motorists and businesses, particularly if the lower wholesale price is reflected in pump prices nationwide.
Petrol prices have remained a major concern for Nigerians amid high transportation and living costs, with changes in supply and depot prices often influencing pump prices across the country.
