Dangote Petrol Stays N20 Cheaper Than Import Parity as MEMAN Data Shows Mixed Fuel Prices
By Aboki Forex —
Dangote Refinery held its petrol price below the estimated cost of bringing the product into Nigeria, according to the latest energy market data published by the Major Energies Marketers Association of Nigeria (MEMAN) on Thursday, July 10, 2026. The local refiner's coastal and gantry price of N1,075 per litre undercut the import parity price of N1,095.15 per litre, making locally refined petrol approximately N20 cheaper than imported supplies.
Pricing Trends Across Products
Beyond petrol, MEMAN's Energy Bulletin showed Dangote Refinery's pricing for other major petroleum products remained steady. Automotive Gas Oil (AGO), commonly known as diesel, was sold at N1,500 per litre at the gantry. Aviation turbine kerosene (ATK) was priced at N1,300 per litre. Liquefied Petroleum Gas (LPG) carried a price tag of N925,000 per metric tonne.
The picture was less favourable for the local refiner when measured against import parity for those products. MEMAN estimated the landing cost of diesel at N1,306.24 per litre, well below Dangote's N1,500 per litre gantry price. Aviation fuel's import parity price of N1,292.66 per litre also came in slightly cheaper than the refinery's N1,300 per litre offer.
Regional Price Differences Remain Wide
Regional price differences remained pronounced across Nigeria's major supply depots. Lagos posted the lowest ex-depot petrol prices at N1,072.00 to N1,075.50 per litre. Warri recorded N1,100.00 to N1,125.00 per litre. Port Harcourt prices ranged from N1,138.00 to N1,150.00 per litre. Calabar had the highest range at N1,155.00 to N1,170.00 per litre.
For diesel, Lagos prices ranged from N1,420.00 to N1,500.00 per litre. Warri recorded N1,510.00 to N1,550.00 per litre. Port Harcourt prices stood at N1,483.00 to N1,550.00 per litre. Calabar ranged from N1,500.00 to N1,510.00 per litre.
The average 30-day petrol price across the market was N1,064.42 per litre, while spot market rates ranged between N1,134.72 and N1,135.73 per litre. Just a few days ago, petrol was priced at an average rate of N1,210. Most depots now sell below N1,200.
What This Means for the Naira and Consumers
The continued price advantage of Dangote petrol over import parity is putting downward pressure on pump prices across the country. This competition between local refiners and fuel importers is expected to keep influencing prices, offering some relief to Nigerian consumers. Meanwhile, Nigeria's spending on petrol imports declined dramatically in the first quarter of 2026, with PMS imports plunging to N87.401 billion from N2.271 trillion in the same period of 2025, a 96.2% year-on-year drop. Petrol was absent from the list of Nigeria's top 19 traded commodities during that quarter, signalling a structural shift in the nation's fuel supply chain.