Nigerians told to expect more petrol price drop as price war erupts between NNPC, Dangote
Nigerians told to expect more petrol price drop as price war erupts between NNPC, Dangote
Petroleum marketers and retailers have signaled that Nigerians can expect further reductions in the price of Premium Motor Spirit (PMS) as the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery engage in an intense price battle.
This latest price war follows recent drops by both companies, which are now reshaping the nation’s fuel market.
On Monday, NNPCL unveiled new petrol prices of N860 per litre in Lagos and N880 per litre in the Federal Capital Territory, Abuja, and other parts of the country.
The updated price is already visible at NNPCL retail outlets, including those along the Kubwa Expressway in Abuja, the Central Business District, and near the company’s headquarters, all of which are reflecting the N880 per litre rate.
Just six days ago, Dangote Refinery made a similar move, slashing its petrol price to N880 per litre at its partner MRS filling stations and other locations in Abuja.
This move has triggered a fresh round of competition between NNPCL and Dangote Refinery, resulting in what is now seen as a full-blown fuel price war.
With both companies vying for market dominance, Nigerians now have a choice between purchasing petrol at NNPCL or Dangote outlets, where the price differences are becoming increasingly pronounced.
Since February 2025, Dangote petrol has been priced more competitively compared to NNPC, adding fuel to the growing rivalry.
Industry leaders have welcomed the competition, with Billy Gillis-Harry, National President of the Petroleum Retailers Outlets Owners Association, and Abubakar Maigadi, President of the Independent Petroleum Marketers Association of Nigeria, both predicting that further price cuts are on the horizon.
Gillis-Harry emphasized that this price battle places Nigerian consumers in a favorable position, with the ongoing rivalry between NNPCL and Dangote bringing much-needed relief to citizens grappling with the rising cost of living.
Speaking to Daily Post, he said: “The new price has been reflected on our portal.
“This price reduction will be a huge relief to many Nigerians struggling to make ends meet.
“The reduction in PMS prices is expected to positively impact Nigerians’ lives.
We are engaging NNPCL to also bring down the petrol prices for the benefit of Nigerians and marketers.”
On his part, Maigadi described the developments in the downstream oil and gas sector as a positive outcome of deregulation.
According to him, “It is not surprising because Dangote petrol is selling at that rate.
“This is what we have been telling the government to deregulate the sector. The price will start coming down. Investors have started coming.
“The reduction in petrol price means joy to Nigerians and marketers.”
Johnson Georgewill, the Director General of the group, told journalists in Port Harcourt on Tuesday that the ultimatum issued by the State House of Assembly was in line with the Supreme Court’s ruling.
In a ruling delivered on Friday, the Supreme Court directed Fubara to re-present the Appropriation Bill to the duly recognised legislature led by Martin Amaewhule.
The apex court also barred the Central Bank of Nigeria (CBN) from releasing funds to the state government until the budget was properly re-submitted to the House.
Georgewill urged Fubara not to defy the ultimatum, since failure to comply with would constitute grounds for impeachment.
He advised the 10th Rivers Assembly House of Assembly not to hesitate to initiate impeachment proceedings if Fubara failed to re-present the budget within the 48 hours deadline.
He alleged that the budget (presented before the Oko Jumbo-led factional House) lacked substance in terms of proper budgetary presentation, saying that the governor must re-submit the budget.
Georgewill criticised the governor’s decision to proceed with a 10-day series of project inaugurations across the state.
He described the decision as illegal, provocative and a clear indication that the governor has chosen to defy valid court rulings.
“We, therefore, question the source of funding for these 10-day project inaugurations, given that both the 2024 and 2025 Appropriation Bills have been declared illegal,” Georgewill stated.
He urged the Amaewhule-led Assembly and the Nigerian Police to take decisive action to uphold democracy in Rivers.
He also called on lawmakers to ensure that all illegal appointments, non-budgetary expenditures, and government operations cease until a legitimate appropriation bill was presented before the House.
Georgewill urged leaders across the state, including the clergy, politicians, opinion leaders, and traditional rulers, to speak the truth and advise the governor to uphold democratic principles.
“We backed former governor Nyesom Wike in ensuring Fubara emerged as governor against all odds.
“Therefore, we firmly oppose all forms of betrayal and illegal actions by the state government because truth and justice will always prevail over illegalities,” he stressed.
Georgewill also congratulated the Minister of the Federal Capital Territory, Nyesom Wike, and the 27 lawmakers on their victory at the Supreme Court. (NAN)
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BREAKING; 16 Persons burnt to death in Expressway ghastly road accident
BREAKING; 16 Persons burnt to death in Expressway ghastly road accident
No fewer than 16 persons were reportedly burnt to death in a lone accident involving a Mazda bus at Buhari Estate axis on the Abeokuta-Sagamu Expressway on Tuesday.
Mrs Florence Okpe, the Spokesperson for the Federal Road Safety Corps (FRSC) in Ogun, confirmed the incident in a statement in Abeokuta.
Okpe explained that the accident which occurred at about 1:00p.m, involved a Mazda bus marked KJA 949 YJ.
The FRSC spokesperson said that the accident was caused by fire outbreak in the vehicle, explaining that the vehicle was also having a filled gas cylinder in it, which led to explosion.
She added that 21 people were involved in the accident, 16 died with three sustaining varying degrees of injuries.
“The genders of the victims could not be ascertained at the scene because they were burnt beyond recognition.
“A total of 16 people were killed in the crash while three sustained varying degrees of injuries,” she said.
Okpe added that the injured victims were taken to the Federal Medical Centre, Idi Aba, Abeokuta, while the corpses were still at the scene waiting for evacuation.
“The Sector Commander, Akinwumi Fasakin, quickly moved to the crash scene with his team for rescue operation but he was not pleased with the occurrence.
“The driver should have objected to carrying a cylinder filled with gas,” she said.
She advised motorists that highly flammable items should be transported with care and by designated vehicles driven by trained drivers only.
Okpe urged motorists and passengers to always put safety first while on the roads. (NAN)
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Fake Military officer arrested arraigned by Police
Fake Military officer arrested arraigned by Police
The Police in Osun on Tuesday arraigned a 30-year-old fake Naval officer, Oyetunji Samuel, before an Osogbo Magistrate’s Court, for an alleged impersonation and assault of a 13-year-old girl.
The Police Prosecutor, ASP Olusegun Elisha, told the court that the defendant committed the offense sometime between the months of February and March within Osogbo metropolis.
Elisha said the defendant who allegedly claimed to be a naval officer had assaulted a teenager for reasons unknown .
He said the offense contravened sections 484 and 351 of the criminal code cap 34 Vol.1, laws of Osun,2002 .
The defendant pleaded not guilty to a two-count charge of impersonation and assault against him.
The defense counsel, Mr Olatunbosun Oladipupo, had requested the court to grant his client bail in the most liberal terms.
The Magistrate, Mrs O. Daramola, granted the defendant bail in the sum of N200,000 and two sureties in the likesum.
Daramola said the sureties must reside within the court jurisdiction with evidence of tax payment and passport size photographs, attached with an affidavit of means.
The case was adjourned to May 6 for hearing. (NAN)