Nigeria’s petrol landing cost has risen to ₦1,348.19 per litre, according to the latest MEMAN data dated October 12, 2026, as renewed military strikes heighten concerns over global oil supply and prices.
The figure, which represents the spot estimated import parity price at the Apapa-based ASPM jetty, is up from the 30-day average of ₦1,329.82 per litre, indicating that the current replacement cost of imported petrol is above its recent monthly average.
The latest data also put the spot landing cost at the NPSC-NOJ jetty at ₦1,347.18 per litre, while the 30-day average remained at ₦1,329.82 per litre.
The increase comes amid renewed military strikes and heightened geopolitical uncertainty, which have renewed concerns about crude oil supply disruptions and their implications for international petroleum prices. Changes in crude benchmarks, freight charges, insurance premiums and foreign exchange costs can feed into the cost of importing refined petroleum products into Nigeria.
The import parity figures provide an indication of what it costs to bring imported petrol into the country, rather than the actual pump price paid by motorists. The landing cost is influenced by international gasoline prices, exchange rates, shipping and related import expenses.
The report’s seven-day average estimated import parity price for petrol stood at ₦1,300.94 per litre, below both the current spot price at ASPM and the 30-day average. This points to a recent increase in spot import parity costs relative to the shorter-term average.
Meanwhile, the latest Dangote Refinery pricing data listed petrol at ₦1,305 per litre for coastal sales and ₦1,325 per litre at the gantry. These prices provide a domestic supply benchmark against which import parity costs can be assessed, although the pricing structures and delivery costs differ.
With the spot import parity price now above ₦1,348 per litre at ASPM, importers and marketers face higher replacement costs than indicated by the 30-day average. However, the figures alone do not establish that pump prices will rise immediately, as retail prices also depend on depot pricing, transport costs, distribution margins, competition and local market conditions.
The direction of international oil prices and the naira-dollar exchange rate will remain key factors in determining whether the higher landing cost persists and how it affects Nigeria’s downstream petroleum market.