YOUR PUMP PRICE

Monday, 16 February 2026

The refinery did its part. The rest of the system didn't.

Dangote cut its ex-depot petrol price to ₦774 per litre last Tuesday. That's ₦25 cheaper than before, and cheaper than imported petrol landing from Lome at ₦793. Africa's largest refinery is now undercutting imports. On paper, this is exactly how market competition is supposed to work.

Your pump price in Abuja is still ₦870 to ₦905.

The gap is distribution. Roads that add transport costs. Logistics chains that extract margins. A coastal loading system the refinery itself warned could add ₦75 per litre if marketers don't evacuate directly from the gantry. The refinery can price oil at ₦774 and your station will still charge ₦900 if the hundreds of kilometres between them run through a broken country.

Dangote fixed its part. Nigeria hasn't fixed the rest. That is not a refinery problem. That's an infrastructure problem wearing fuel prices as a costume.

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Publishing Editor: Adeyemi EKO

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