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Hope for Nigerians as Dangote refinery slashes petrol price again

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*Sells fuel at N835/litre

By Francesca Hangeior
 

Fresh from implementing a ₦15 price reduction in its loading cost for Premium Motor Spirit, also known as petrol, the Dangote Refinery has again slashed its refined product prices to make them cheaper, cutting its ex-depot rate to ₦835 per litre.

The new price represents a ₦30 reduction from ₦865 per litre implemented six days ago, marking a 3.5 per cent decrease, and a ₦45 reduction from the ₦880 per litre sold by the facility last Wednesday.

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This price cut marks Dangote’s third downward adjustment in under six weeks.

PUNCH Online gathered that the refinery informed its customers in a notice sent out on Wednesday morning.

A pro forma invoice was sighted by our correspondent, and checks on petroleumprice.ng also confirmed the development.

It stated that the new price is inclusive of charges by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

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The document detailing the revised price structure shows that PMS at the gantry will now sell for ₦835 per litre, inclusive of NMDPRA statutory levies, while coastal sales remain on hold. The diesel gantry price is set at $608 plus a $70 surcharge, payable either in naira at ₦1,650/$ or in USD.

Coastal sales are also on hold. Jet fuel will be sold at $664.75 with a $42 gantry surcharge and a $22 coastal surcharge. Prices for cooking gas at both gantry and coastal points are currently on hold.

On Wednesday, PUNCH Online hinted at a possible price cut after the landing cost of imported petrol dropped to ₦853 per litre on Tuesday.

This development comes as marketers secured regulatory approval to import 117,000 metric tonnes—equivalent to 156.897 million litres—of petrol within eight days, from 8 to 16 April 2025, to boost fuel supply nationwide.

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Marketers predict cheaper petrol nationwide as Dangote begins naira sale

These figures were revealed in separate documents obtained by our correspondent from the Nigerian Ports Authority and the Major Energies Marketers Association of Nigeria.

Dealers said the ₦853 per litre spot import parity into tanks, which includes expenses such as shipping, import duties, and exchange rates, marks a notable ₦3 reduction from ₦856.75 per litre last Monday and ₦852.02 on Tuesday.

The document showed that on-the-spot sales at the NPSC-NOJ terminal dropped to ₦853.12 per litre, while the 30-day average cost also declined to ₦844.84 per litre.

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Within the period, marketers brought in six vessels conveying 117,000 metric tonnes through Tin Can Port in Lagos and Calabar Port in Cross River State.

Importantly, the continued price drop coincides with the restart and full implementation of the Naira-for-Crude agreement with local refiners after an earlier suspension.

The Ministry of Finance disclosed this in a statement published last week on its official X handle, titled: “Update on the Crude and Refined Product Sales in Naira Initiative.”

The statement followed a meeting on Tuesday between the Minister of Finance, Wale Edun, and representatives from Dangote Refinery—a major beneficiary of the agreement — to review progress and address ongoing
implementation issues.

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The committee stated that the policy is not a temporary measure but a long-term strategy to reduce Nigeria’s dependence on foreign exchange for petroleum.

It added that the initiative is a key policy directive designed to support sustainable local refining and strengthen energy security.

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15 huts razed, one injured in renewed Jukun-Tiv violence

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A fresh outbreak of ethnic violence between the Jukun and Tiv communities has erupted in Taraba State, with suspected Jukun militias launching an early-morning attack on Dekeh Village along the Wukari–Kente Road.
According to security sources available to Zagazola Makama, the incident occurred at approximately 1:00 a.m. on Tuesday.

About six armed assailants stormed the village, opening fire indiscriminately and setting 15 huts ablaze. The attack forced residents to flee in panic, leaving behind food items, including yam seedlings, which were destroyed in the blaze.

One resident identified as Mdue Saaondo, sustained gunshot injuries during the assault. He was rescued by a joint team of police and military personnel and transported to the Federal University Teaching Hospital in Wukari for medical treatment.

The Taraba State Police Command has launched an investigation to identify and apprehend those responsible. Authorities have also scheduled a security meeting with the Wukari Local Government Traditional Council as part of efforts to restore peace and encourage dialogue between the Tiv and Jukun communities, who have long-standing disputes over land and territorial claims.

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“Patrol and surveillance operations are ongoing to forestall further violence and ensure stability in the area,” police authorities stated.

The incident adds to the growing list of violent clashes that have plagued southern Taraba in recent years, underscoring the urgent need for a sustainable resolution to the communal tensions.

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2025 U-20 AFCON: Flying Eagles zoom into quarter-final after draw with Kenya

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Nigeria’s Flying Eagles booked a place in the quarter-final at the 2025 Africa U-20 Cup of Nations after playing out a 2-2 draw against Kenya.

Aliyu Zubairu’s side finished second in Group B with five points from three games.

The Atlas Cub of Morocco top the group with seven points after beating Tunisia 3-1 at the Suez Canal Stadium in Ismailia.

Kenya started the game strongly, and deservedly took the lead after six minutes.

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Nigeria defender Emmanuel Chukwu handled the ball inside the box, and after initially awarding a free kick to Kenya, the centre referee pointed to the spot following consultation with VAR.

Captain Kevin Wangaya Colly slotted the ball past Ebenezer Harcourt to give the Rising Stars the lead.

The Flying Eagles fought back seven minutes later with Lillestrøm striker Kparobo Arierhi netting after he was put on through on goal by Simon Cletus.

Nigeria dominated the game in the second half but failed to test the Kenyan goalkeeper.

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Kenya took the lead for the second time in the game through substitute William Nwangi on 68 minutes.

Nwangi lashed home Humphrey Kegengo’s free kick from inside the box.

Daniel Bameyi, however, converted from the spot to hand the Flying Eagles a share of the spoils.

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Trump announces judicial nominees, accuses US court of obstruction

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United States President Donald Trump has announced a fresh slate of judicial nominees in a series of posts on Truth Social on Tuesday.

The president, who has repeatedly expressed frustration over what he sees as judicial obstruction, followed up on Wednesday with a post criticising the judiciary for allegedly preventing him from carrying out the mandate of the American people.

The Republican leader, whose second-term agenda has encountered multiple judicial roadblocks, wrote: “Our Court System is not letting me do the job I was Elected to do.

“Activist judges must let the [Donald] Trump Administration deport murderers, and other criminals who have come into our Country illegally, WITHOUT DELAY!!!”

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Trump named Maria Lanahan, Missouri’s Principal Deputy Solicitor General, as a nominee for a judgeship on the US District Court for the Eastern District of Missouri. He praised her as “a true patriot” in a post on Tuesday.

The 78-year-old also nominated Judge Cristian Stevens to serve on the same court, describing him in another post as “a Great Patriot.”

The announcements came a day after a federal appeals court declined the Trump administration’s request to revoke temporary legal status from hundreds of thousands of Nicaraguans, Venezuelans, Haitians, and Cubans living in the United States.

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