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Marketers Slash ₦171 As Petrol Prices Drop
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Barely five days after the Dangote Refinery announced a downward review of its petrol gantry price, filling stations across parts of the country have begun adjusting their pump prices, with motorists enjoying significant reductions.
A survey of filling stations in Abuja by journalists on Wednesday (today) showed that some major marketers had effected fresh price cuts on Premium Motor Spirit (PMS), also known as petrol.
According to Daily Post, MRS Oil Nigeria Plc reduced its pump price to ₦739 per litre from ₦910, representing a drop of ₦171.
AA Rano also reviewed its price downward to ₦840 per litre from ₦910, while Bovas Petroleum adjusted its price to ₦865 per litre from the previous ₦910.
Overall, the adjustments indicate that petrol prices were slashed by between ₦45 and ₦171 per litre at the affected outlets.
However, not all marketers followed suit. Ranoil, Empire Energy and several other filling stations across the country maintained their pump prices at between ₦910 and ₦912 per litre as of Wednesday.
Meanwhile, checks at Nigerian National Petroleum Company Limited retail outlets, including those along the Kubwa Expressway in Abuja, showed that the stations were out of stock at the time of filing this report.
Further findings showed that ex-depot petrol prices have also moderated. Dangote Refinery’s ex-depot price stood at ₦703 per litre, while Pinnacle sold at ₦703 per litre and Bovas at ₦708 per litre.
Naija News reports that the latest price movements follow comments by the President of Dangote Refinery, Aliko Dangote, who recently stated that petrol should not sell for more than ₦740 per litre in Nigeria.
Dangote’s remarks have since triggered intense competition and a price war in the downstream oil sector, as marketers struggle to align pump prices with the new realities.
Recall that Dangote Refinery last week announced a reduction in its petrol gantry price from ₦828 per litre to ₦699 per litre, a move that has continued to ripple across the market.
Industry watchers say further price adjustments may occur in the coming days as marketers respond to supply dynamics and competitive pressures within the sector.
News
Gombe Rep Yaya Bauchi Tongo dies
Yaya Bauchi Tongo, a member of House of Representatives representing Gombe/Kwami/Funakaye Federal Constituency of Gombe State is dead.
Rep Tongo died in Abuja on Friday following a brief illness, the spokesperson for the House of Representatives, Akintude Rotimi said in a statement quoting the Gombe State Caucus of the House of Representatives.
While paying tribute to the late lawmaker, Rotimi said his death marked the end of a distinguished life devoted to public service and the advancement of his constituents, Gombe State, and the Federal Republic of Nigeria.
“Rep. Tongo was a dedicated public servant, seasoned grassroots politician, and committed legislator whose life was marked by unwavering service to his people and the nation,” Rotimi said.
The deceased lawmaker served as Chairman of Funakaye Local Government Area, Special Adviser to the Government of Gombe State, and Member of the Gombe State House of Assembly before his election into House of Representatives.
He was Chairman of the Nigeria–United Arab Emirates Parliamentary Friendship Group in the House of Representatives.
“A respected voice within the Parliament and a passionate advocate for the welfare and development of his constituents, Hon. Tongo brought wisdom, experience, and a deep understanding of governance to legislative deliberations. His contributions to nation-building and democratic development will remain an enduring part of his legacy.
“On behalf of the Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, PhD, GCON, the leadership, and the entire membership of the House, we extend our heartfelt condolences to his immediate family, the people of Gombe/Kwami/Funakaye Federal Constituency, and the Government and people of Gombe State on this painful loss.
“As we mourn the passing of our dear colleague, we pray that Almighty Allah (SWT) forgives his shortcomings, accepts his good deeds, and grants him Aljannatul Firdaus. We also pray that Allah (SWT) grants his family, loved ones, constituents, and colleagues the strength and fortitude to bear this irreparable loss,” Rotimi said.
He added that further details regarding parliamentary tributes and funeral arrangements will be communicated in due course.
News
My father’s detention shows Nigeria’s democracy far from complete – El-Rufai’s son
A member of the House of Representatives from Kaduna North and Chairman, Committee on Banking Regulations, Mohammed Bello El-Rufai, has disclosed that his father, Nasir El-Rufai’s continued detention shows that Nigeria’s democratic journey is far from complete.
Bello noted that democracy can only thrive in Nigeria when the country’s leadership is accountable.
El-Rufai has been in custody of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, since he was arrested at the Abuja airport earlier in the year.
The commission had arraigned him for corruption while he was governor of Kaduna State.
However, posting on X, Bello wrote: “Today, we celebrate the enduring strength of our democracy and the collective voice of the Nigerian people. Democracy thrives when leadership is accountable, citizens are empowered, and every voice is heard.
“As we commemorate this important day, we must also acknowledge that while our democracy continues to endure, the abuse of citizens’ rights remains a troubling reality.
“The true test of any democracy is not simply the conduct of elections, but its commitment to the rule of law, due process, and the protection of fundamental freedoms.
“The continued unlawful detention of my father, Mallam Nasir El-Rufai, alongside the experiences of many other Nigerians who have faced similar violations, serves as a reminder that our democratic journey is far from complete.
“On this Democracy Day, let us recommit ourselves to building a nation where justice prevails, institutions are strengthened, and the rights of every citizen are respected and protected.”
News
NDC: Dickson, Obi hold closed door meeting amid internal crises
The National Leader of the Nigerian Democratic Congress, NDC, Senator Seriake Dickson, on Friday held a closed-door meeting with the party’s presidential candidate, Peter Obi, amid recent crises in the party.
Dickson made this known in a statement on his official X handle, revealing that the meeting, which lasted nearly three hours, was attended by Obi and other senior party leaders.
“I just received my brother, colleague, and partner in the New Nigerian Project, His Excellency Mr Peter Gregory Obi, CON, our presidential candidate, who, together with some distinguished leaders of our party, held a closed-door meeting which lasted about three hours.
“In the course of that meeting, we reviewed the activities of our party and discussed a few recent issues that have been a source of concern to all sides, and we amicably resolved all the issues.
“We have always been on the same page on the bigger picture, i.e., winning the elections for all candidates of our party and rescuing Nigeria from the misgovernance of the APC-led government. However, a few issues have arisen, and we have agreed on how to handle them moving forward.
“I want to use this opportunity again to call on all members of our party to stop the bickering and name-calling and focus on the bigger picture.
“Both His Excellency Peter Obi and I, as well as other leaders and stakeholders of our party, will continue to consult and engage with one another to address and resolve concerns, strengthen the unity and cohesion of our party, and ensure that we remain focused on our shared mission of rescuing Nigeria and building a better future for all.”
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