Nigerian motorists may soon experience price relief at the pumps as the landing cost of imported petrol has dropped to N853 per litre, N12 lower than Dangote Refinery’s current offering of N865 per litre.
This development comes as marketers secured regulatory approval to import 117,000 metric tonnes—equivalent to 156.9 million litres—of petrol within just eight days, from April 8 to 16, 2025, to boost nationwide fuel supply.
According to documents from the Nigerian Port Authority and Major Energies Marketers Association, six vessels carrying these shipments are arriving at ports in Lagos and Calabar, bringing in an average of 19 million litres daily.
The Competency Centre daily energy data shows the landing cost factoring in shipping, import duties and exchange rates has decreased from N856.75 per litre last week. This occurs amid a price war in the downstream sector after Dangote refinery resumed sales of petroleum products in naira and slashed its loading cost.
Industry experts note that international petroleum product prices declined after President Trump announced new tariffs on Chinese goods, triggering concerns about global economic slowdown, though prices began recovering slightly when some tariffs were later paused.
Source: PunchNg
