The PUNCH reports that since the Dangote refinery slashed petrol pump prices from about N900 to N739 in December, many importers and depot owners have lamented mounting losses. According to the Major Energies Marketers Association of Nigeria, the landing cost of petrol averaged N762.38 per litre, while Dangote’s ex-gantry price remained N699. This led to fuel queues at MRS filling stations in Lagos and other locations. However, the tide is gradually turning as some filling stations now sell petrol at prices lower than those of MRS. The time has gone when people were queuing at NNPC filling stations.

Source: Punch January 12, 2026 05:31 UTC