Following a recent reduction in the ex-gantry price by the Dangote Petroleum Refinery, filling stations across Nigeria have begun adjusting their pump prices to remain competitive.
As of Monday, June 22, 2026, here is the current outlook on petrol prices:
Current Price Trends
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Average Market Price: Retail prices are currently averaging between N1,199 and N1,245 per litre, depending on the location and the specific brand of the filling station.
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Competitive Variations: Along major highways, such as the Lagos-Ibadan Expressway, competition has driven prices down to approximately N1,205 per litre at many stations, with some independent marketers offering slightly lower rates to attract customers.
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Official Outlets: Retail outlets operated by the Nigerian National Petroleum Company Limited (NNPCL) have adjusted their pump prices to around N1,245 per litre.
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Market Outlook: The price adjustment follows the decision by the Dangote Refinery to cut its petrol gantry price from N1,250 to N1,175 per litre on June 16, 2026, prompted by the de-escalation of geopolitical tensions in the Middle East and a subsequent cooling of global crude oil prices.
