Following the recent market shifts and the latest updates from the Dangote Refinery, here is the breakdown of petrol prices across Nigeria for Friday, March 27, 2026.
Major Price Shift: Dangote Refinery Reduction
The biggest news in the energy sector today is the official price cut from the Dangote Refinery. Aliko Dangote has confirmed that the refinery has reduced its ex-gantry petrol price to ₦1,200 per litre. This move is expected to trigger a downward trend in retail prices across the country as marketers begin to lift cheaper products.
However, because global crude prices have recently crossed the $100 mark due to Middle East tensions, the final pump price remains subject to transportation and logistical costs.
Average Retail Prices by Region
While some independent marketers are still selling “old stock” at higher rates, the following are the current average price ranges seen at filling stations this morning:
South-West (Lagos, Ogun, Oyo)
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NNPC Retail: ₦1,250 – ₦1,280
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Major Marketers: ₦1,290 – ₦1,350
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Independent Marketers: ₦1,350 – ₦1,450
North-Central (Abuja, Kwara, Niger)
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NNPC Retail: ₦1,280 – ₦1,300
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Major Marketers: ₦1,320 – ₦1,400
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Independent Marketers: ₦1,450 – ₦1,550
South-East & South-South (Enugu, Port Harcourt, Uyo)
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NNPC Retail: ₦1,300 – ₦1,350
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Major Marketers: ₦1,350 – ₦1,450
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Independent Marketers: ₦1,500 – ₦1,650
North-West & North-East (Kano, Kaduna, Maiduguri)
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NNPC Retail: ₦1,320 – ₦1,380
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Major Marketers: ₦1,400 – ₦1,500
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Independent Marketers: ₦1,600 – ₦1,800
Market Analysis:
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The “Lagos Effect”: Prices remain lowest in Lagos due to proximity to the Dangote Refinery and major sea ports, reducing “bridging” or transportation costs.
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Supply Outlook: With the Federal Government’s ongoing power reforms and the increase in domestic refining capacity, analysts predict that if the Naira remains stable around ₦1,384/$, pump prices could stabilize further by next month.
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Marketer Reaction: The Independent Petroleum Marketers Association of Nigeria (IPMAN) has welcomed the ₦1,200 ex-gantry price but noted that members in the far North will still face higher prices due to the cost of trucking fuel over long distances.
