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Dangote refinery’s jet fuel price to stabilise market – NMDPRA
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority has said the indicative gantry price for aviation fuel released by Dangote Refinery will ensure market stability and compliance by marketers.
The Director, Public Affairs, Mr George Ene-Ita, made this known in an interview with the News Agency of Nigeria in Abuja on Saturday.
Ene-Ita was reacting to the pricing and high cost of Aviation Turbine Kerosene, known as aviation fuel or Jet A1 fuel.
NAN reports that the Dangote Petroleum Refinery has fixed its gantry price of ATK at N1,820 per litre, a move aimed at enhancing transparency in the sector.
This development comes at a time when Nigerians and airline operators have raised concerns over the high cost of the product and its heavy impact on the aviation industry.
In a move to ensure market stability, fair pricing, and ease mounting pressure on airline operators and passengers, NMDPRA had earlier set Jet fuel price cap for marketers, ordering direct sales to airlines.
The NMDPRA had issued a directive that the cost of Jet A1 fuel for end-users should range between N1,760 and N1,988 per litre in Lagos, and N1,809 to N2,037 per litre in Abuja.
In spite of the advisory guidance from the NMDPRA, oil marketers have continued to sell aviation fuel to airlines at N2,230 per litre and above, deepening concerns across Nigeria’s aviation sector.
Ene-Ita said that although petroleum product prices had been deregulated, the latest indicative gantry price for ATK disclosed by the refinery would further support its monitoring efforts.
“All petroleum product prices have been deregulated.
“However, with particular emphasis on ATK, the Dangote refinery, having released its latest indicative gantry prices, which they promised to publish daily going forward, will enable us to ensure tacit compliance by marketers and operators during our routine surveillance operations nationwide.
“We are not unmindful of the fact that what the Dangote Refinery is doing is a concession to help ease overhead cost pressures in the Aviation sector in order not to truncate its operations.
“So, we will play our part to see that Nigerians benefit from the gesture,” he said.
NAN reports that the NMDPRA pricing framework was derived from Platts average figures recorded between April 17 and 23, reflecting prevailing global oil market conditions.
According to the regulator, while the benchmarks provide guidance for fair pricing, actual market prices may fluctuate outside the stated range depending on purchase timing and external factors.
It specifically cited heightened global volatility driven by geopolitical tensions, including the ongoing U.S.–Iran crisis, as a key contributor to the recent hike in aviation fuel prices.
NAN
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OGTV broadcaster: Police recover stolen Lexus RX300 as CP vows “no stone unturned” in murder probe
Ogun State Police Command says it has recovered the Lexus RX300 stolen from the home of slain ex-OGTV broadcaster Mrs Kitan Oyesiku and her security guard in Iyana Agodo Village, Owode-Egba.
The recovery happened during night operations, the command confirmed Monday.
—CP walks the scene himself—
Commissioner of Police Bode Ojajuni visited the crime scene for an on-the-spot assessment. He inspected the premises and got briefings from detectives handling the case.
“CP Ojajuni reiterated the Command’s resolve to leave no stone unturned in unraveling the circumstances surrounding the incident and ensuring that those responsible are identified, apprehended, and brought to justice,” Police PPRO Oluseyi Babaseyi said in a statement.
The visit, according to police, was to evaluate progress in the investigation into the double murder that has rattled the Owode-Egba community.
—What happened that night—
PUNCH Online had reported that a resident raised the alarm over suspicious movements around Oyesiku’s residence. When operatives arrived, they found signs of forced entry.
Inside, the security guard was found dead at his post. Oyesiku’s body was later discovered inside the apartment. Her Lexus RX300 was missing.
Police now say the vehicle has been secured and will serve as key evidence. “It is worthy of note that the vehicle earlier reported missing from the residence, a Lexus RX300, has been recovered by police operatives during the night hours,” Babaseyi confirmed.
—“Intensive investigation ongoing”–
Ojajuni commiserated with Oyesiku’s family and assured Ogun residents that “all available resources are being deployed to track down the perpetrators.”
For now, no arrests have been announced. But with the car recovered and the CP personally monitoring the case, police say they’re closing in.
Oyesiku, a retired broadcaster with Ogun State Television, was remembered by colleagues as a calm voice on air. Her death, alongside her guard’s, has renewed calls for better security for elderly residents living alone in semi-urban areas. [The Punch report rewritten]
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Tinubu set to Flag-Off Construction of Service Carriageways of the Southern Parkway, from Arterial Road S20 (Oladipo Diya way) to Ring Road II, today
President Tinubu Will Flag-Off Construction of Service Carriageways of the Southern Parkway, from Arterial Road S20 (Oladipo Diya way) to Ring Road II and Collector Road CO1 from Nile University area to Ring Road III (Extension of Body of Benchers road) Today
#FCTRenewedHope
#FCTProjectsCommissioning
The senator representing Benue South Senatorial District and Senate Minority Leader, Comrade Abba Moro PhD, on behalf of the minority caucus of the senate, congratulates the candidate of People’s Democratic Party (PDP), Olaka Nwogu, in the Saturday bye-election in Rivers State on his landslide victory.
The Independent National Electoral Commission, on Sunday, declared Nwogu as the winner of the Rivers South East Senatorial District bye-election. He polled 47,961 votes to defeat the APC candidate who scored 1,647.
Senator Moro attributes Ngwogu’s victory to the growing acceptability of the PDP and doggedness of the National Leader of the party and Honourable Minister of the FCT, Barr. Nyesom Wike.
The senator says Wike’s leadership of the PDP is returning the party to its winning ways and assures of his continued contribution to strengthen the party at all levels ahead of the 2027 general elections.
He congratulates Nwogu and heartily welcomes him to the senate. He promises to provide the necessary guidance and support for him to have a smooth stay in the senate.
SEE Dollar to Naira exchange rate today, June 23, 2026
OGTV broadcaster: Police recover stolen Lexus RX300 as CP vows “no stone unturned” in murder probe
Tinubu set to Flag-Off Construction of Service Carriageways of the Southern Parkway, from Arterial Road S20 (Oladipo Diya way) to Ring Road II, today
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