By Muhammad Mamman
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that Nigerians shelled out a staggering ₦1.3 trillion on Premium Motor Spirit (PMS) in June 2025, as fuel prices sparked fierce competition across the nation.
According to the NMDPRA, a whopping 1.44 billion litres of petrol were distributed nationwide during the month, with pump prices oscillating between ₦885 and ₦925 per litre, averaging at ₦905. Local refineries supplied fuel worth ₦411.9 billion, while private depots chipped in with ₦891.9 billion, resulting in an average daily distribution of 48 million litres—a notable dip from May’s 54 million litres.
June saw refineries churning out 455.2 million litres and depots delivering 985.6 million litres, marking an 18.55% surge in supply compared to May’s 1.22 billion litres. However, logistics tightened, with truck movements dropping from 37,000 in May to 32,000 in June.
In a dramatic twist, independent importers have slashed pump prices below those of the Dangote Refinery. While Dangote’s distributors, including MRS and Heyden, held firm with retail prices between ₦865 and ₦875 per litre, several petrol stations in Lagos and Ogun rolled out fuel at a bargain ₦850 per litre. Some depots even offered ex-depot prices as low as ₦815 per litre, undercutting Dangote’s ₦820 benchmark.
This price war signals fierce market tactics, with importers sourcing their own supplies to challenge Dangote’s grip on domestic fuel distribution. As competition heats up, Nigerians are reaping the benefits of lower prices at the pump.
