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Petrol: Marketers fret as depot price rises to N710/litre in Lagos

Independent petroleum marketers have expressed concern over the rising price of Premium Motor Spirit, PMS, otherwise known as petrol, in private depots to N710 per litre.
With the increase, petrol pump prices at outlets operated by independent marketers also rose to between N730 and N750 per litre which has led to queues at some stations operated by major marketers and Nigerian National Petroleum Company Limited, NNPCL, where pump prices are cheaper at N610 and N568 per liter respectively.
A visit to the private depots in the Satellite and Apapa areas of Lagos showed that prices varied as the product were sold at between N701 and N735 per litre. The depots with the highest price include Bovas depot which sold petrol to independent marketers at N762 per litre followed by MRS depot with N735 per liter.
The lowest prices were at Rainoil depot at N705 per litre, Emadeb depot with N705 per litre, while depot owned by Eterna Oil and Sahara also known as Asharami depot sold at N701 per litre respectively.
One of the independent marketers who spoke on condition of anonymity stated “most major marketers own tank farms in Lagos and they buy directly from NNPC. Scarcity has eased out a bit because NNPC supply mainly to major marketers but we the independent marketers are struggling as we depend on these major marketers for products.
“The major marketers buy at NNPCL rate of N548 to N550 per litre and they sell to us at N705, the cheapest is N701 per litre. These major marketers have filling stations in Lagos and other states but in Lagos they sell in their various stations at N610 to N620 per liter.
“IPMAN stations in Lagos are struggling as we are unable to sell due to the price difference making the market highly competitive. Our people outside Lagos are the ones selling as they benefit from the high price that it’s being sold over there.
He noted “when we buy from these major marketers at N705 per liter, NUPENG will charge us per the number of liters we purchase and then we add transportation cost of N15 to our filling stations, the price at the pump will be sold at N740 to N750 per liter”
Meanwhile, in a telephone interview with Vanguard, the National President, Independent Petroleum Marketers Association of Nigeria, IPMAN, Alhaji Abubakar Migandi Garima, stated that the supply hitches witnessed in the past few weeks have eased, adding that the situation in the country has gradually improved as marketers have started lifting the products from NNPC depots.
“Some of our members have started direct purchase through NNPCL, but the allocation from them is very low and cannot sustain all our members, therefore we have to go through private deports and buy from them to augment our various stations. For our members that buy from the private deports, automatically the price will change at their stations as they sell at a higher rate compared to major marketers”.
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HoR Minority Caucus decries killings in Plateau, Benue states, urges immediate presidential decisive actions

The Minority Caucus in the House of Representatives has expressed serious concerns over killings in Plateau and Benue states demanding immediate presidential decisive actions.
This was contained in a statement jointly signed by leaders of the caucus, Rep Kingsley Chinda, leader, Rt. Hon. (Dr) Ali Isa J.C
Minority Whip ,Rt. Hon. Aliyu Madaki Deputy Minority Leader ,Rt. Hon. George Ozodinobi
Deputy Minority Whip.
The caucus in the statement outrightly condemned the disturbing trend of killings, maiming, and kidnapping of innocent people across the country.
” Following the killings of over 50 people in Bokkos, Plateau state; loss of many lives in twin attacks in Otukpo, Benue state, coming a few days after the Uromi, Edo state unfortunate incident, the Caucus is seriously worried about these growing acts of brigandage and unprovoked attacks on law-abiding citizens.
The Caucus is deeply concerned that with reckless abandon, deliberate disrespect for human lives, and disregard for the constitution of the Federal Republic of Nigeria, these marauders inflict merciless torture, unexplainable pains, and callous killings of helpless, and defenceless Nigerians.
These gruesome murders and the shedding of the blood of innocent lives happening in quick successions in three locations across the country, stands condemnable by every conscionable Nigerian.
The ferociousness and sporadic nature of the vicious actions perpetrated by yet unknown persons remains shocking.
Worried about the dangers this portends to the security of lives and properties of Nigerians; which is the main purpose of government, the Caucus calls on President Bola Tinubu to take deliberate, intentional, and timely decisions towards nipping the disturbing tide in the bud.
Good, he has directed that the perpetrators should be apprehended. However, given the severity of these incidents, and implications on national security, the Caucus urges the president; through the National Security Adviser to ensure that all security agencies embark on comprehensive and strategic collaboration towards arresting those involved in these heinous and gory incidents.
The government should ensure the immediate release of the numerous innocent people that were kidnapped during the dastardly incidents.
The Caucus commiserates with the government, and people of Plateau, and Benue states over the unfortunate incidents. The Caucus also expresses deep condolences to the families of the victims, and pray for the quick release of those kidnapped.
Finally, as a responsive and responsible group of lawmakers, the Caucus promises to pursue legislative actions; where and when necessary towards finding realistic solutions to these negative developments in our country.
News
OERAF held memorial lecture on conflict resolution, security/safety of community in Nigeria

The Olotu and Rowland Ekuogbe Akpodiete Foundation (OERAF) on Tuesday 8th April, 2025 held memorial lecture on conflict resolution and security/safety of community in Nigeria, in honour of late chief Ekuogbe Rowland Akpodiete Ph.D, who was born on April 4th 1924 and passed on April 9th 1995.
The event which took place at the popular Ughelli Kingdom Hall, witnessed several brilliant security experts and government functionalities.
Presenting his brief opening speech, the Executive Director of Olotu and Rowland Ekuogbe Akpodiete Foundation, SPY CSP Olotu Otemu Akpodiete Ph.D (JP) revealed that over the years, the foundation has been touching lives and rendering community impact services across board.
He maintained that his late grand father was a great community leader per excellence and until his death, he was the spoke person (Otota) of the great Ughelli Kingdom. which is why as we celebrate his remembrance, I decided to use the opportunity to impact more lives.” He added.
On his part, the guest speaker of the event, Mr Sylvester Obose, CSS,MNIIS dealt wonderously on the topic.
According to him, Mr Sylvester said the training focuses on the definition, causes of conflict, and dynamics of conflicts.
He further said that the goal was to increase participants knowledge of the concept and study of conflict and conflicts prevention.
He concluded that the safety and security of our community is something that is of paramount importance. By implementing those measures presented to you today, everyone of us stand a better chance of making community safe and secured.
Dr Wilton T. Harry, MIS, CPP,DFCSI,FNIS, also spoke extensively on the same topic during the security training. He posited that the security of lives and properties is a collective responsibility.
The OERAF Executive Director also use the medium to register several others into the Delta State Contributory health insurance scheme.
Dignitaries present during the training were: Olorogun Major Patrick A. Egone Rtd, member Delta State Advisory Council, Chief Emmanuel Ogobene, member Delta State Advisory Council, Mr Edwin Asima, LGSC, Ughelli North Local Government, Chief. Mrs Grace Akpodiete, Deaconess Florence Enughwure, Bar. Agboka Akpodiete- Omale.
Other highlights of the event was the organizing of raffle draws for all the communities present and Ughelli Kingdom VGN, where Erhuwarien Community in Ughelli South LGA and Ekredjebo Community in Ughelli North LGA won security communication gadgets.
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NLC Warns Abure to Step Aside, Urges LP Members to Be on Standby

By Gloria Ikibah
The Nigeria Labour Congress (NLC) has issued a stern warning to Julius Abure, following the Supreme Court ruling on April 4, 2025, which declared the tenure of Mr. Abure and his National Working Committee (NWC) as expired and no longer legally recognized.
Despite the court’s clear ruling, Mr. Abure has continued to release statements insisting he remains the chairman of the Labour Party (LP). The NLC has strongly condemned his actions, describing them as “an affront” to the rule of law and the authority of Nigeria’s highest court.
In a statement signed by the NLC President, Comrade Joe Ajaero, the Congress accused Abure and his supporters of “crass disdain for decency” and warned that the patience of Nigerian workers and genuine LP members is wearing thin.
“The current affront of Mr. Julius Abure and co-travellers against the law… has convinced those who doubted our earlier position that Mr. Julius Abure and the few miscreants following him have sworn themselves to utter impunity,” the statement read.
The NLC also debunked allegations that it was planning to attack Labour Party offices, calling such claims false and a distraction from the real issue of compliance with the Supreme Court judgment.
“We use this medium to put every Nigerian worker, Labour Party member, and patriotic citizen on alert. We will no longer condone the antics of inconsequential characters like Mr. Julius Abure,” Ajaero said.
He added that the NLC and its allies would not stand by while the rule of law is undermined and urged all genuine members of the Labour Party to prepare to “peacefully repossess all offices of Labour Party nationwide.”
According to the statement, the NLC Political Commission and concerned stakeholders will soon issue directives on how this will be carried out. They also called on security agencies, especially the Nigeria Police and the DSS, to uphold their constitutional responsibilities and support the enforcement of the Supreme Court’s judgment.
The statement also urged the Independent National Electoral Commission (INEC) to fully comply with the court’s ruling by removing all traces of Mr. Abure and his team from its records.
To resolve the current leadership crisis in the Labour Party, the NLC said the remaining institutional members of the party’s National Executive Committee (NEC) are expected to appoint an interim leadership and organize a Special National Convention, as prescribed by the party’s constitution.
“A word is enough for the wise!” Ajaero added.
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