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Refined Shock: Imported Petrol Now Cheaper Than Dangote’s—Consumers Rejoice
Petroleum product importers have slashed pump prices below those offered by the Dangote Petroleum Refinery, intensifying competition across Nigeria’s downstream oil sector.....KINDLY READ THE FULL STORY HERE▶
This pricing shake-up comes amid renewed calls by Dangote Group President, Alhaji Aliko Dangote, urging the Federal Government to halt fuel importation in order to safeguard local refineries.
Investigations by The Punch revealed that while Dangote’s affiliated marketers—such as MRS and Heyden—sold petrol at between ₦865 and ₦875 per litre in Lagos and Ogun states, several independent stations have further dropped prices to gain market share.
In Ogun, for instance, SGR filling station offered petrol at ₦847 per litre as of Tuesday. Industry insiders say many importers have lowered their ex-depot rates in response to growing competition.
As of the same day, Dangote’s refinery sold at ₦820 per litre, while some depots sold for as low as ₦815. Data from Petroleumprice.ng showed marketers like Aiteo and Menj operating at these lower price points—more competitive than the Nigerian National Petroleum Company (NNPC), whose ex-depot price remained at ₦825.
Confirming the trend, Chinedu Ukadike, National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), stated, “Depot owners are adjusting prices—some as low as ₦815, others ₦817—while Dangote maintains ₦820. NNPC hasn’t made any changes. This is the advantage of a liberalised market. That’s why we oppose banning fuel imports.”
Dangote, however, remains a staunch critic of fuel importation, describing it as economically damaging and harmful to local refining capacity. He accused importers of “dumping”—flooding Nigeria with cheap, often substandard fuel that would fail regulatory standards in Western countries.
“To make matters worse, Nigeria is being inundated with low-cost, often toxic petroleum products… severely hurting local producers,” Dangote warned.
He further alleged that discounted Russian petroleum products were being rerouted into African markets, distorting fair competition.
“In Nigeria, prices have dropped to just 60 cents—lower than in Saudi Arabia, which refines its own crude. We urge African governments to emulate the U.S., Canada, and EU in taking steps to protect domestic refiners,” he said at a recent regulatory forum in Abuja.
Nonetheless, marketers have rejected his call for a ban. They argue that competition helps regulate prices and discourages monopolistic practices.
Ukadike maintained that liberalisation promotes both equity and sustainability: “Nobody should be barred from importing fuel. The solution lies in effective regulation and boosting local refining. That’s how to achieve fair pricing and energy security.”
Former Vice President Atiku Abubakar has revealed that his push for an opposition coalition was initially rejected by members of the Peoples Democratic Party (PDP).....KINDLY READ THE FULL STORY HERE▶
Atiku made the disclosure during an interview on Arise Television on Wednesday, where he reflected on events following the PDP’s defeat in the 2023 presidential election. According to him, he warned party leaders after the election that the PDP could struggle politically without forming alliances with other opposition forces. “To be honest, I was one of the major initiators of this coalition. After the PDP lost the last election, I told the party clearly that I did not see a future for the PDP without a coalition,” he said. Atiku said his advice was rejected at the time, despite his conviction that Nigeria’s political history had shown the importance of alliances. “They disagreed with me then. I have studied Nigeria’s political transition over the years and saw how previous alliances worked, so it was not difficult for me to foresee this,” he stated. The former vice president added that his support for coalition politics was also influenced by his desire to encourage the emergence of younger leaders he believes are vital to Nigeria’s future. “I saw some of these younger politicians as the future leaders of this country, and I felt it was my duty to point that out,” he said. However, Atiku claimed the resistance he encountered within the party was driven more by personal feelings than by disagreement over the substance of his proposal. “They disagreed with me simply because they did not want to see my face, not because of what I was suggesting,” he said. Atiku added that recent political developments have now vindicated his position on the need for a broad opposition alliance ahead of future elections.
Former Vice President Atiku Abubakar has said the African Democratic Congress (ADC) will first pursue a consensus arrangement before considering a primary election for its 2027 presidential ticket.....KINDLY READ THE FULL STORY HERE▶
Atiku made this known during an interview on Arise Television on Wednesday while discussing the party’s leadership and strategy ahead of the next general election.
He said he is open to backing a consensus candidate if that becomes the party’s collective decision, stressing that such support should not be interpreted as stepping aside.
“It is not about stepping aside, but whether I am willing to support, and yes, I will,” Atiku said.
According to him, the ADC’s first priority is to build internal unity and reach an agreement among stakeholders before considering a competitive primary process.
“Our first option will be to work out a consensus. If that doesn’t happen, then of course we will explore other options. And yes, I will support whoever eventually emerges,” he stated.
Atiku also expressed confidence in the political experience within the party, saying he believes a consensus is achievable and may make a full-scale primary contest unnecessary.
“That remains our preferred path. We will go for primaries if consensus fails, but I honestly do not expect it to get to that stage because we are dealing with mature and experienced politicians,” he added.
His comments come amid growing political consultations and coalition talks as parties begin to position themselves ahead of the 2027 general elections.
Former Vice President Atiku Abubakar has said the opposition coalition under the African Democratic Congress (ADC) has significantly strengthened his chances of winning the 2027 presidential election.....KINDLY READ THE FULL STORY HERE▶
Atiku made the remarks during an interview on Arise Television’s Prime Time programme on Wednesday. Speaking on what makes his latest presidential bid different from previous attempts, Atiku said the ADC coalition brings together key political figures from across major parties, including the APC, PDP and Labour Party. He described the alliance as a broader and more strategic political arrangement ahead of the 2027 general elections. According to him, the coalition has created a stronger platform that improves his prospects. “Now, we have a broader coalition — a combination of APC, PDP and LP — which gives me a better chance of becoming president in 2027,” he said. Atiku also noted that the coalition reflects both experience and generational inclusion, which he said shows a clear succession plan. “You see people of my generation, and you see younger people coming behind us, so you can clearly see a succession pattern,” he added. Meanwhile, Atiku described former President Goodluck Jonathan as a decent but inexperienced leader. According to him, Jonathan’s lack of experience contributed to shortcomings in governance and played a role in his defeat in the 2015 presidential election. “I know Goodluck Jonathan very well. He is a decent young man, but he was also inexperienced, and that contributed to his failure in managing the affairs of the country,” Atiku said. He made the remarks while stressing the need for experienced and capable leadership in Nigeria.
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