# Petrol Landing Cost Drops to N1,283 as Depot and Retail Rates Remain Elevated

- Link: https://viralbrief.top/petrol-landing-cost-drops-to-n1283-as-depot-and-retail-rates-remain-elevated/
- Published: 2026-10-21T11:22:23+00:00
- Author: Olamide

The landing cost of imported Premium Motor Spirit (PMS), commonly known as petrol,
has dropped to N1,283.81 per litre, according to a market bulletin released by the
Major Energies Marketers Association of Nigeria (MEMAN) and reported by Daily Post
Nigeria. This marks a decrease from a previous benchmark of N1,292.88 per litre,
even as wholesale and consumer prices across the country remain elevated.

## Global Benchmarks and Domestic Wholesale Rates

Data from the MEMAN bulletin indicated that global crude benchmarks stood at $110.70
per barrel for Brent and $99.90 for West Texas Intermediate at the time the figures
were recorded. However, the modest easing in imported landing costs has not led 
to an immediate reduction in wholesale prices within Nigeria.

As reported by Daily Post, domestic ex-depot charges from independent terminal owners
ranged between N1,348 and N1,358 per litre. Meanwhile, the gantry price at the Dangote
Refinery was recorded at N1,350 per litre. Because ex-depot and refinery rates remain
well above the current landing calculation, fuel marketers continue to face high
procurement expenses before accounting for transport, logistics, and retail margins.

## Retail Market Realities and Pending Discount Measures

The persistence of high procurement rates is reflected directly at filling stations.
Motorists in Abuja and nearby areas are currently purchasing petrol at prices ranging
from N1,370 to N1,429 per litre, according to Daily Post’s market tracking.

This retail pricing environment follows a policy recommendation introduced earlier
in the month. On October 8, 2026, Minister of Finance Taiwo Oyedele proposed a temporary
30-day fuel discount plan intended to make fuel available at N1,350 per litre through
retail outlets operated by the Nigerian National Petroleum Company Limited (NNPCL).
However, Daily Post reported that this proposed discount mechanism had not yet been
implemented at NNPCL stations at the time of publication.

## Understanding the Price Gap

The gap between import landing benchmarks and retail pump rates highlights the complex
interplay of factors governing Nigeria’s fuel supply chain. While landing figures
offer a baseline for import parity, local distribution costs, depot pricing strategies,
and supply agreements heavily influence the ultimate rate paid by motorists. Until
depot prices shift downward or proposed intervention measures are actively deployed
at the pump, consumers are unlikely to see the immediate benefits of declining import
costs.

<

p class=”vbna-source-note”>**Source:** [Daily Post Nigeria](https://dailypost.ng/2026/10/21/petrol-landing-cost-drops-to-n1283-litre-as-depot-prices-remain-high/)

  TL;DR (AI Generated)

The landing cost of imported petrol in Nigeria has slightly decreased to N1,283.81
per litre according to a MEMAN market bulletin.

Despite this reduction, domestic depot and refinery rates remain elevated, causing
pump prices at filling stations to persist between N1,370 and N1,429 per litre.

A recently proposed government discount plan has not yet been implemented, leaving
consumers unable to experience the benefits of lower import costs.

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